“At least the U.S. is #1 in something!”
Well, that escalated quickly didn’t it? … but I was assured years ago after the
‘08 financial crisis occurred, that this kind of thing couldn’t happen ever again
… Grandma Yellen said so … but of course the “stupid get stupider”, and 13
short years later, here we are with Evergrande that’s 100X larger and worse then
Lehman & Bear Streans could ever hope to be … and now, the “Spoos” find
themselves in the back part of the “88/6/6” trading paradigm, and things could
get messy from here, especially since China is closed today & tomorrow and the
FED interest rate decision comes on Wednesday … the timing couldn’t be better
for a grade A+ clusterfark if you tried.
And since i’m cynical as hell towards ANYTHING the ChiComs do, cuz they’re
scumbag Communists first & foremost, I’m leery of the timing of Evergrande
going belly up … have they done this intentionally to box in the FED towards
more QE via the CNTRL-P machine? … thus setting off inflation fears to even
greater levels? … I dunno, but it’s entirely possible! … with Dopes like Spicoli
running the FED, and “Taliban Joe” sitting there and mumbling to himself, put
them together and you got one helluva FUBAR on your hands both politically &
economically … “Oh, the country is in the very best of hands! … Bwahahahaha,
these 2 Dopes couldn’t piss and hit the ground!
… FUBAR, FUBAR EVERYWHERE!
And if we do get Evergrande fallout that spreads, first comes liquidation in
bubble assets, which we’re kinda seeing today so far pre NYSE open, but that’s
deflationary … if it gets worse, you can forget the “blah blah, yada yada”
horseshit about “tapering”, cuz the CNTRL-P machines will go full retard basket
of kittens on meth … and that sets off hyperinflation, which I’m sure Spicoli &
“Taliban Joe” are prepared for, amirite or amirite? … and if the Ponzi stock bubble
is bursting, the blame lies squarely with the FED, which has fed the bubble for the
Elites since at least February 2016, by limiting VIX and market declines in price,
cuz we all know how upset guys like Bezos, Gates, & Buffett get when their
precious “Stonks” holdings aren’t making them billions per quarter.
As we move towards the NYSE open, things are getting progressively uglier in
markets … the “Spoos” getting monkey hammered, gold not doing much, and
crypto [BTC & ETH] getting bloodied as well with some hefty price declines
… meanwhile FX not doing well, as Yen and Dollar get the safety flows, and the
AUD crosses a complete mess with higher spreads … Cable coming close to
major support, which if it gives way could unleash some nasty sell stops … and
with no adults in charge in China cuz they’re closed today & tomorrow, that leaves
the Lounge Lizards at the FED to clean up some messes … are they up for it?
… what does this do to the Wednesday meeting? … markets hate uncertainty,
and we got bushel baskets of it right now!
The London Fix comes & goes, and I just have one thing to say … “FX is an
embarrassment to trading”! … excuse CAD cuz there’s a national election today,
so natch we’re gonna get rumors galore as to whether or not the Loon Trudeau is
gonna go “buh bye” or hang around and FUBAR Canada some more … but given
the news flow, what’s the excuse for the other pairs? … EUR with a 30 PIP range
for the frickin’ day, and Cable with another pathetic performance in the European
session seeing about a 50 PIP range from the tips … you want and love central
bank manipulation, well here it is! … what a bag of shit … sorry, I can’t sugarcoat
this crap … as trading vehicles they’re awful.
Which brings us to “Spoos” … with no adults in China at the helm for 2 days, and
Spicoli & crew of Lounge Lizards set for Wednesday, this is gonna be the biggest
3 day crapshoot in “Spoos” trading history … does the FED not care about the
fallout from the debacle in China, or does the FED panic and not even mention
“tapering” come Wednesday? … one thing for sure … pick the most FUBAR
thing these Morons can possibly do and that’s what they’ll do! … we’re fast
approaching the 100 day SMA in the “Spoos”, down about another 30 index points
from where it sits now … if that gives way, the FED has got a real problem on its
hands, one of their own doing of course, and expect the CNTRL-P machine to go
“Brrrrrrrr” like never before … all for the children of course!
Even though Friday was an OPEX day, the sudden meltdown in the “Spoos” has
caught the scumbag banks with negative “gamma”, meaning shit has happened
so fast these last couple of days, their short PUT positions can’t be hedged
adequately unless they sell futures … doesn’t matter if they want to sell futures,
THEY GOTTA SELL FUTURES, cuz it’s the only way to neutralize gamma going
berserk due to a spike in VIX that raises the price of the PUTS … directly below,
putting it in perspective, a timely article from ZH today highlighting the gamma
problem:
https://www.zerohedge.com/markets/today-will-be-notable-test-btfders-here-are-
levels-watch
And with NO China, & the FED about ready to panic [or not], I can’t imagine the
banks are feeling “comfortable” … hang on while I wipe a tear from my eye … and
that most likely puts a lid on “Spoos” going higher today and tomorrow, but who
knows cuz the “Plunge Protection Team” [PPT] is always lurking around to benefit
the scumbag banks … one thing FOR SURE THOUGH … FX IS ZERO HELP in
deciphering what the hell is going on, and it’s basically worthless & useless.
Welp!, there goes the low from August 19, and we got the back end “6” paradigm
development going full throttle … the goal of course in the “Spoos” paradigm of
“88/6//6” is to not LOSE in the back end, nor give back EVERYTHING YOU MADE
in the front end … you do that, and the shipload of money waiting for you is
immense! … was that just a stop hunt, or does this project further losses?
… we’re about to find out … and the BTFD’ers are having a very bad day!
As we move to the afternoon of the U.S. session in New York, this is about as
pathetic as you’ll ever see a group markets attempting to trade, knowing full
well FED manipulation is a real possibility, and therefore market action is basically
paralyzed with inaction … this is unreal … say whatever you want about crypto &
Bitcoin, it F-ING TRADES 1000x BETTER THAN THE CRAP IN TRADITIONAL
MARKETS … “gee, I wonder why”?
Quite frankly folks, you can’t make any kind of justification for a trade in anything,
cuz looking at the trading action, there isn’t any … “Spoos” have been a wall of
selling since Asia, with only the tiniest of rallies that go nowhere, and then it’s the
slow walk downhill ever further lower … and now with Europe closed, and only
the virus scum of Wall Street calling the shots, look for some serious
“scumbaggery” as the day lumbers toward the close … given the fact we haven’t
seen any kind of lower price action FOR MONTHS ON END, the number & scope of
those trapped has got to be very, very high … that doesn’t suggest to me the
selling is by any means over, and we got 2 days until the idiots at the FED make
another boner … what we need to see is some kind of capitulation sell off, and
then I’d feel better about buying this shit.
Into mid afternoon, and I’m pulling the plug … ain’t gonna get trapped by
scumbag banks, I don’t care what they do … markets will be here tomorrow. No
trading in anything today, but “The Syndicate” comes back tomorrow in crypto
… outside of crypto, the entire European & U.S. financial landscape is one
gigantic mess. If I want to play a slot machine, I'll go to a real casino!
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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