“FED Pie Holes spotted in Jackson Hole, Wyoming!”
Well, that escalated quickly, didn’t it？... seems China didn’t want to show their
cards last night RE tariffs against U.S. goods, instead waiting for the U.S. to show
up for trading and before the clusterfark a/k/a J-Hole … ‘’what say now Spicoli’’？
… and the stage is set for Trump tweets, the usual bullshit from Spicoli, and more
bullshit from the other FED Pie Holes who show up for some camera time on
CNBC and look to be relevant [but won’t be] … get ready for massive stupidity, on
a level only Apparatchiks can achieve, creating not only chaos and confusion in
markets with their doublespeak bullshit, but in the next sentence contradicting
what they just said 30 seconds earlier … ‘’is there a school they go to, to learn
how to fuck with people and say inane shit 24/7’’？
Here at the NYSE open, just the usual mystery ticks in gold, that sees price go
up/down more than a buck within seconds as orders get screwed by the usual
suspects … more of this in the hours ahead, you can count on it.
Mid morning in NY, and the one thing you can absolutely count on when SHTF,
like today, is that the usual suspects, our beloved ‘’liquidity providers’’ [cough,
bullshit, cough], will find ways to 1] run stops on both sides, and 2] hand out
ridiculous ‘’triple MAX fuck you’’ slippage … any doubt, just look at an M1 from
9 - 11 AM EST, and read it and weep … what a shitshow circus this is … ‘’let’s
blow the sell stops out, and then run it straight up 10 bucks … criminals top to
bottom’’.
And as I’m sitting here on ‘’fuck you Friday’’, where markets have taken on a
game show attitude, things are cascading out of control … every market now on
full ‘’TILT’’, as the three ring circus of 1] the FED, 2] the ChiComs, and
3] President Trump are making themselves felt … there’s part of me that wants
to puke cuz this is what markets have become, and there’s a part of me that says,
‘’sure, go ahead and burn the whole fucking thing down cuz I DON’T CARE’’!!
… gold, the stock indices, and to some extent USDJPY going full retard bananas,
as news pours in that is less than inspiring … ‘’how the hell does anybody trade
this shit under these conditions without risking being wiped out’’？... and it isn’t
a rhetorical question … it should go without saying, but I’m gonna say it anyway,
‘’anybody attempting to trade this stuff with rumors flying around and markets
moving at the speed of light, is asking to get hurt … my algos can’t keep up or
deal with shit that’s moving at panic speed, with spreads and slippage blown out
to Vito Corleone levels … if you trade it, you’re nuts cuz it’s not responsible
trading under these conditions’’.
According to reports, we’re now waiting for some kind of big announcement
from President Trump, now that the ChiComs and Spicoli have finished their biz
… he’s blasted both today, and now there’s more coming here shortly … this isn’t
the way markets are supposed to trade and behave, like it’s some sort of social
laboratory for POLS and Apparatchiks to play with … sadly, this is what it’s all
become … and as it quickly as it began, now it has died … waiting of course for
Trump now … all I can think of is the orange juice scene in the trading pit of
‘’Trading Places’’ … and, to add more uncertainty to a Friday, there’s a G7 meeting
this weekend … I’m sure it’ll be all cupcakes and smiles when it comes to trade
and currencies.
We’re in the P.M. now in NY, and things have quieted down considerably
… although more violence is surely on its way … this is simply impossible, as you
might as well be playing roulette.
Maybe I do something into the afternoon, but probably not … I hate Friday’s as it
is, but this ‘’what’s he gonna say’’ game show before a weekend is nuts on every
level … if I make a trade later, I’ll do an update … as of right now, I want no part of
this utter insanity … blog update on Sunday … until then mi amigos
… Onward & Upward!!
Have a great weekend everybody!
-vegas
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