“It’s a sick, sick world, and not just from coronavirus either!”
I thought I had seen just about everything there is to see, and then comes
yesterday’s press conference with WHO Apparatchiks, with their update on the
coronavirus pandemic sweeping China & the world … “didn’t know I had tuned
in to a tourism & “dog & pony” show for ChiComs elites … can you just talk about
the virus, and efforts to get rid of it? … no, you get treated to propaganda on how
wonderful ChiCom leadership is, and could you please take your tongue out of
Xi’s ass”? … so even public health issues are being spun for political purpose
… see my shocked face.
Maybe the WHO Apparatchiks didn’t see the photo directly below, taken in Wuhan
yesterday … you won’t see it in U.S. media, cuz it’s censored and might leave a
bad impression on people, who might think the ChiComs are total fuck ups, and
we can’t have that … instead, focus on the “glorious leadership” of Xi & crew, and
then ask yourself if the guy laying on the ground thinks the same thing … I’m
guessing no … when does the coup start?
“Very disturbing, but who gives a fuck? … stocks are rallying”!
And whatever you do, don’t question ChiCom leadership in handling the crisis,
cuz it might threaten your bag of Yuan under the table … only thing is, you end up
embarrassing yourself. Directly below, a link to an article highlighting ChiCom
lying about the crisis.
Quite frankly, what we are exposed to is not “factual” truth, but “narrative” truth
… made infamous by the Nazi’s and adopted wholeheartedly by Western &
totalitarian governments since 1945 … telecommunications via the internet has
only made it faster and easier to access in calling them out … in financial trading,
we’re led to believe the propaganda from central banks, most notably the Twits at
the FED … “printing money via QE is “good” … inflation is “good” … artificially
manipulating markets is “good” … trust us cuz we’re “good” people serving the
public” … what a crock of shit … serving global elitists and their agenda since
1913!
From where I’m sittin’, the “truth” is simple … and that “truth” is that China,
specifically their leadership, is in big, deep, internal trouble … my guess is that
the entire coronavirus was released by China’s military biological weapons group
as a “false flag” … slowing economic growth, exploding debt & state owned
corporate bankruptcies, big trouble in Hong Kong, exploding food inflation
mainly due to a pig virus they have been unable to control, and it’s easy to see
that “Winnie the Pooh” needs an escape goat to avoid a “palace coup” … that
things are getting much worse in China is an understatement … more importantly,
disruptions in the world’s supply chains for cheap goods is threatened, and with
stocks at “nosebleed” levels, what could possibly go wrong?
Of course, the FED’s solution is either 1) do nothing, or 2) cut interest rates, and
to a business going bankrupt cutting interest rates by 25 basis points is like
pushing on a string … all it does is help the likes of the Wall Street criminal
element like Squid & JPM, but it does ZERO for anybody else … EXIT QUESTION:
“how long before people wake the fuck up & realize they are being force fed
propaganda 24/7/365”?
“Well, that escalated quickly to the downside, didn’t it”? … more & more countries
overnight seeing new cases of coronavirus and closing borders while restricting
airline flights … “when everybody is either dead or holed up in a cave somewhere,
it’s bullish for stocks cuz the FED will cut rates! … buy MOAR!! … what fucking
lunacy before us … the main question for markets today, on a Friday, is who wants
to bet that over the next 2 days into Monday, this pandemic won’t get worse?
… answer that, and it’s “winner winner, chicken dinner”!
And once again, another one of those amazing “coincidences” that seem to
always happen as the criminal element of early bird Wall Street traders get to their
desks as the sun rises in New York … “wink wink, nod nod ... can’t have those
foreign banks getting part of the “Plunge Protection Team” [PPT] booty now can
we? … nope, have to feed the thieves sitting on Wall Street bank trading desks
getting first crack, simply cuz when we leave that’s where we go for our next gig
… you scratch my back, I’ll scratch yours later … as I’ve stated many times, the
NYSE is the world’s largest money laundering scheme on parade daily”!
As I said yesterday, we are firmly in the back “6” of the stock indices trading
paradigm … the PPT will NOT sop up selling, and today sees some major league
flipping from dealers, CTA’s, and large hedge funds RE “short gamma”, where the
pain level on the SP500 is around 3250-ish … earlier today that level got taken out
back and shot in the head … and for those not aware, being “gamma short”
means you’re short option puts … and when the market starts going
“bigly & yuge” down against you, the only thing you can do to avoid account
destruction is sell into the break … and the more futures break the more you sell
… it’s a vicious feedback loop that takes no prisoners.
Another big problem stock indices have right now is what I would call the “great
unwind” … people have been positioned long for weeks / months / years, and as
I said yesterday about “stories”, this “story” [pandemic] will rouse emotions like
few “black swan” events can … and we haven’t even started the cycle of margin
calls, redemptions of mutual funds, and the forced selling that emanates from that
on the NYSE open … and if this “story” turns really ugly, on a par with the 1918
“blue flu” epidemic that killed millions, I’m just telling you right now NOBODY
knows where the bottom might be … what I can tell you is what I said yesterday
and what we saw yesterday, which is the relief rallies will rip your face off if you’re
short … they are wicked fast.
Here in the early PM of Gotham, this is turning ugly quickly … and if the weekend
sees any major escalation of coronavirus cases & deaths, along with the same
level of cluelessness witnessed so far by those who should know better, but
instead try and put “spin” on this … well, Monday could make today look like mild
profit taking … on the other hand, the situation could also improve, and if that
happens shorts get taken to the woodshed and beaten with an ugly stick.
I said in an earlier blog the problems I face trading the PAMM / MAM at Turnkey
… it is what it is, and I can’t make fills better or order latency issues on time any
better either … put simply, I have to trade it differently than I do the PAMM / MAM
at FX CHOICE, and my risk on trades is higher while the potential profit is higher
as well … FX CHOICE gives me exactly what I want when I want it, and so returns
[when I don’t fuck up and play retard kitten] are more consistent and steady
… outside of the screw up earlier, it was a good week despite the DOW30 getting
gobsmacked … and today, that comes into focus in spades.
We did get some algorithm buy signals today … and while the Turnkey
PAMM / MAM is down a few percent, the FX CHOICE PAMM / MAM IS UP slightly
more than 0.3%.
Why the diff? … cuz I can’t purely scalp trades at Turnkey like I can at FX CHOICE
… if I attempt to trade the same, I’m almost guaranteed a loser … therefore, I have
to use stops underneath the market and run the risk they get “run”, while
positioning for a rally where I can sell a spike … and today, this comes into focus
cuz we have M1 down spikes from hell … some 30 - 60 index points lower in
seconds … I don’t have that problem at FX CHOICE, so while one produces profit,
the other one gets stopped out literally seconds later … it is what it is, and I can’t
change anything they do … it would be even better trading NDX100 at PRIMEXBT,
but that isn’t available. I can only do what I can do, and I have to make the
adjustment.
This is the first day in a long time, where the trading action during the NYSE day
has been this punishing … trading conditions are simply brutal as people panic
… and while the selling panic isn’t totally out of control yet, the red flags are up
the flagpole, and it sure will be interesting to see what next week brings … and
as a reminder, it wouldn’t be nearly this bad if the morons in the faculty lounge
hadn’t stepped all over VIX for months on end and propped the markets with QE
funny money … now VIX explodes, and the thing they wished to suppress comes
back to bite them in the ass … delusional hubris strikes again.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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