STUPIDITY IS INFINITE

“And under “human stupidity” you’ll find markets!”

Is it my imagination at work, or does every single frickin’ day see something

“unheard of” in the dystopian world of “markets”? … and I use the term

“markets”, referring to the new definition as “a Ponzi scheme with political will

behind it” … you literally have to suspend any kind of brain activity, and go “full

retard basket of kittens on meth” with the explanations of the smartest people in

the room, those in the financial MSM, and adopt some kind of premise of

“market” behavior they’re peddling … “to bad “Baghdad Bob” isn’t around

anymore, he’d be perfect at CNBC”.

Overnight, “stock bellies” head higher cuz crude oil is in positive territory,

meaning you don’t get paid to actually take it off somebody else’s hands … wait,

wut? … the entire oil industry was struggling eons ago in a universe far, far

away [2 months to be exact] with being profitable with crude under $60 per

barrel … so, what happens at 50, 30, 20, 10, “gulp & welp” under 0? … oh, but

wait, it came back from -$40 per barrel to go positive, so somebody actually paid

money for a barrel of oil at May expiration! … well fucking break out the

champagne bottles and let’s party like it’s New Year’s Eve 1999!! … imagine

that, somebody paid actual money for a barrel of crude! … I mean, how bullish

for “stock bellies” is this? … OMG!, no telling how high tulip bulbs can go with

this news … obviously, the Dukes know something and I better get my orders in

to buy before it’s too late.

Then I see word late last night that the world’s most corrupt exchange is going to

… ready for this? … is going to start trading “negative crude oil options” … I

literally can’t even at this point process this pile of horseshit … sure, why not?

… only in a world where there are dopes big enough to hand more money over to

scumbag banks making the market in this shit … anything & everything for a

buck.

But the stupidity doesn’t stop there … not even close, no siree … cuz taking one

glance at the world’s largest crude oil ETF, which is “USO”, the public [Ma & Pa

from Des Moines] is pouring billions of dollars into this ETF cuz they are under

the mistaken assumption the fund actually holds physical crude oil … and if oil is

at say $5 or $1, or even negative, this should be a “slam dunk” money maker cuz

all you have to do is hold the oil and wait … what could be easier? … shut up and

take my money! … “Umm, excuse me Ma, but exactly where do they hold the oil

at”? … well, read the fine print Ma, cuz all they do is hold “OIL futures”! … and if

you’re holding oil futures in a falling market and have to sell, cuz if you don’t you

have to take actual delivery of said crude oil, and as a minor detail your longs

represent over 30% of the entire “open interest” in said futures contracts, what

happens next?

The “bloodbath” to negative price is what happens next … and to top it all off,

USO is trading at a hefty PREMIUM to it’s NAV [Net Asset Value] cuz so many

people want in on this … a premium? … seriously, some days you can’t make

shit like this up … and all this after last weekend’s blow up of the largest oil

company in Singapore … seems they were hiding $800 million dollars of futures

contract losses … but yea sure, pay a fucking premium to get in on the ground

floor of the next great bull market in crude oil! … quite frankly. Einstein

understated human stupidity.

But never fear, everyday brings new delusional grandeur to “stock bellies”, as

people everywhere are stuck in a world of either negative or meager interest rates,

so stocks appear to be “the only game in town” to eagerly pursue alpha [yield].

Meanwhile over in the crude oil CFD’s, another “bait & switch” has occurred at

Turnkey & PRIMEXBT, as the scumbag LP’s can’t quite keep the 2 cent spread

they boasted about a couple of days ago … calmer markets today sees the

bid/offer spread in crude go up to as high as 15 cents per barrel? … WTF is this?

… “sorry, as I said a blog post or two ago, you simply can’t trust these assholes

to keep & maintain an honest market, cuz they won’t do it … greed is to great”

… so sure enough, today sees 11 - 15 cent spreads and the explanation will be,

as it always is, “duh, market conditions, duh!”, but they’re hoping you’re too

fucking stupid to know exactly how much you’re handing them to trade, so

they’re banking on Einstein’s quote. At some point, though, when management

sees ZILCH revenue from trading, somebody will get the bright idea, “hey, why

don’t we lower the spreads and attract trading biz”? … and spreads come down

… stupidity is contagious.

As we head toward the “pump & dump” NYSE open, where world money

launderer’s gather every day to conduct biz, it’s another “pump” scheme into the

cash open, as you knew they’d find a way, the FED I’m pretty sure finding a way

to buy crude oil futures so as to pump stocks, on the belief “oil is back baby!”

… is it not cheaper to buy crude futures than shares in AMZN? … but whatevs,

cuz it’s simply another manipulation scheme to boost share prices at the open

and force those who have to buy for ETF’s, ETN’s, & mutual funds within the first

5 minutes of trading, and the dopes get filled at or near the high … ho hum, just

another day of lies, deceit, & money laundering … nothing new here.

And with New York up & running, and the NYMEX in Murder, Illinois open for biz

in oil futures, “hey, looky here, crude spreads at 11 cents in the “supposed” to be

2 cent oil CFD … both Turnkey & PRIMEXBT sold a bill of goods by a group of

scumbag bankers promising 2 cent spreads, and how long did that take them to

welch on that deal? … a bigger group of crooks I don’t know where they’re

hiding …  WOW, what a deal … almost as good as the bogus spreads over in

fantasy paper gold XAUUSD … where else can you hand a fucking scumbag bank

over $100+ a “1 lot” just to play in the game? … you have to be certifiably insane

to even ponder the existence of this shit, let alone trade it … seriously, can there

be that many stupid people out there? [Yes I know, to ask the question is to

answer it.]

Oh well now, oil suddenly goes to a 2 cent spread now that stocks have opened

on the NYSE … and just as quickly it goes back to 11 cents … I guess the joke

would have been on me if I had clicked the button to buy/sell, huh? … and I’m

supposed to suspend belief and just hope it can stay or go back to 2 cents?

… what happens if I buy/sell and it moves a little and the spread goes to 20

cents? … now what? … well the “now what” is you’re fucked, that’s what

… thanks for playing, come again soon! … yea, fuck that and triple fuck the LP

crooks who think I’d even entertain the thought of getting trapped in this kind of

bullshit … this would be “stupid shit” on my part … see ya later crude … what a

fucking joke … talk to me about crude when after a week it STAYS at 2 cents

without the LP bullshit … until then, adios.

Speaking of LP bullshit, that brings me to today’s LP bullshit in tulip bulbs, where

if anybody could get an honest market without slippage from hell, that would be a

bonus … not at Turnkey though, cuz no matter what they will tell you their LP’s

are fucking crooks & thieves of the first magnitude … whatever you think the

bid/offer spread is, it ain’t … what you see is an illusion … and by the time they

hold your order until they feel like filling it, only God knows what price that will

be at, and I’m not sure even He knows it’s that bad … if I hear the phrase “honest

markets” one more fucking time, I’m gonna puke … “and I thought … thought

… not now though in retrospect … I thought the DAX30 was bad with these

asshats … those guys are “Pikers” compared to the worms in the DOW30”.

Well, nothing like almost 6 hours of bullshit in “stock bellies”, with tight ranges

today in the NYSE session so far … it’s been nothing but stop hunts both

up/down, widened spreads for no reason, and slippage from hell from the usual

scumbag suspects … it’s almost impossible to get anything approaching an

honest trade … with the day winding down, I want no part of the usual criminal

activity from the likes of the New York banks in the afternoon … screw this.

Multiple algorithm buy signals today in DOW30 … TURNKEY PAMM / MAM

DOWN SLIGHTLY MORE THAN 0.1%

Quite frankly, slippage on fills today a major factor, with one round turn trade

costing us over 7 index points in slippage … the other trades not quite as bad,

but every trade a Turnkey piece of shit special … if you don’t have to trade here,

don’t … it would have been cheaper handing out $50 bills to readers today,

rather than face the shit weasel banks and their thieving ways, but tell me

something we don’t already know and have known for a very long time … in

today’s trading paradigm, there is no other option … everybody deals with the

banks and suffers the consequences … if this shit were flying with 1,000+ index

point ranges, you’d expect this kind of behavior, but when there isn’t even a 150

index point range from the tips since the NYSE open about 5 hours ago, and

trading action is shitty to say the least, we shouldn’t get a high spread and

“triple fuck you max’ slippage … but of course we get it, cuz they need to make

back the money they lost in March from the indices collapse AND golds rise

… pure & simple, it’s a “traders tax”, and if you’re trading anything you’re gonna

pay it.

As it is, conditions can’t get much worse, and quite frankly GBPUSD, EURUSD, or

DAX30 aren’t seeing this kind of “ripoff” day in spreads or slippage from what I

can tell … oh wait, I forgot … that’s right, oil is “positive” today, so that’s the ALL

BULLISH signal for the SP500 & the “Tulip Bulb 30” for being up big today, where

every time it rallies it gets crushed until the next time the “Plunge Protection

Team” [PPT] can bid it higher in seconds, and turn the market on a dime and

spike the shit out of it … after it’s “mission accomplished”, they back off, the

DOW30 drops, and then rinse & repeat … all the while banks kill the specs with

high spreads and slippage … sounds & feels like this is the FEDS plan for bank

bailouts for the rest of 2020.

All we need is another 20 million people out of work, more industries dying or

crippled, the government to take over and run everything, and SkyNet can take

both the SP500 & the DOW30 way past February 2020 record levels, and

“Everything Is F-ing Awesome, Baby!” … sure, why not, everything else that’s

traded is in fantasyland, and totally disconnected from reality, so what’s the prob

Skippy?

I’ll be in Asia tonight, and hopefully one or another of the markets can get

something going … I’m sick and tired of being sick and tired of this slippage shit

that robs performance … if it’s not to much trouble Turnkey, give me a fucking

market that isn’t hosted by a band of thieves … I’m sure if you look hard enough

you can find one … I’m outta here … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas