Just another day of “keep the Banana Republic alive” from the manipulators
… it’s Friday, so more than likely volumes will be non-existent, liquidity even
worse, and it’s “play day” for the scumbag banks … what propaganda financial
narrative gets floated today? … “Hail the casino, long live the casino!”
Welcome to the NYSE open of the cash “Stonks” market in the U.S. … where for
approximately the first 15 minutes or so each trading day, money launderers
gather from the world over to wash money through scumbag Wall Street banks
into “Stonks”, which then give the air of legitimacy for securing loans and other
financial horseshit … “the regulators pretend to regulate, and the market pretends
to trade”, and here we are again.
Well there ya go … more “scumbaggery & fuckery” via the consumer sentiment
numbers … stops anyone? … there’s a quick 100 index points down in less than
1 second … half the days range in 1 second or less! … I know, you got filled at the
bottom, and from there a nice bounce on bank bids … they buy your sell stop, then
bid it back up so they can sell it back to you 3 minutes later 50+ higher … is there a
problem? … again today, like most days lately, spikes from HELL [up & down]
anywhere 20+ index points and higher dominate the landscape, not even an hour
into this bowl of hot mess … dozens of these spikes, and yet the range is barely
200 index points … 10% or more on each spike, yet they go nowhere to nowhere,
and the champagne is on ice already for the banks once this bag of flaming dog
poo closes … throw in the little weenies wrapped in bacon, and it’s “trader
heaven” on the trading desks … not so much so for their clients, who I’m
guessing are boiling mad as Hell! … just another day of Hell for the “Muppets”.
Meanwhile, gold doing absolutely nothing … can’t rally, can’t break, an exercise
in futility to even get out of the spread … the market is gonna need a new
narrative to get gold going one way or the other, but for now it’s dead Jim,
stick a fork in it!
Oh, and here come the FED PIE HOLES via North Korea financial news, CNBC
… talking “blah blah, yada yada” to the choir type hacks infesting cable news, it’s
the usual 1) fight inflation, 2) rates higher, and 3) given enough time to blab
bullshit, higher rates for longer than the market is looking for … in a nutshell for
those of you still uniformed, this is the “Short Call” the FED Lounge Lizards are
now attempting to bring the “bubble” under control … you know, the one they
created … and they’ll keep talking shit and raising rates the more the “Spoos”
and other “Stock Bellies” like the DOW30 go higher … that they have no clue
what they’re doing is obvious, and that they will screw it up worse than if Biden
ran the FED is 100% guaranteed … this will not end well!
Now into the New York afternoon, and this is an embarrassment to the concept
of trading … nothing but banks scalping specs and little else, the “pain trade”
very much alive and well with the “3 steps up and 2 back” to a new high for the
day, that has ZERO VOLUME, that frustrates everyone … quite frankly, this is a
joke and not even worth commenting on any longer today cuz there’s nothing to
glean from any of this except to point out how “F-ING CORRUPT” Wall Street is
… front running and stops … what the Hell else is there? … “Trading Ratios” [TR]
utterly stink, both in gold and DOW30, well below 3 … welcome to the dog days of
August … no trades today cuz there is simply nothing to do in either market
… risk $20 to make $1? … right, go ahead be my guest.
Coming into today, I really had very low expectations … Friday in August isn’t
anything to get excited about, but I didn’t think it would be this bad … gold is just
dead, and the monied crowd is fading the FED, ignoring the “short call” and
basically calling the FED’s bluff on rate hikes going forward, thus the frustration
with the “pain trade” … but I surely didn’t expect to see a 100 index point drop
in 1 second, followed by nothing but straight up the wall to a new high, where
there wasn’t any corrective action lasting longer than 3 minutes … just buy, buy,
and buy some more … talk about shorts getting squeezed, this is it … I can hear
the screams down here … and with very little volume & even less liquidity, it
doesn’t take much to goose this dog poo up on a Friday, and that’s what we’ve
seen … however, with ZERO corrective activity that either is near the open or the
close, you either buy the rally and pray somebody is a bigger fool than you, or
you sit … I sit, cuz I ain’t buying rallies, and for days now we can’t get this dog
poo to break on any sustained basis that then sets off a decent buy signal(s)
… and with ZERO movement now into the afternoon, what the Hell am I supposed
to do? … the Dow30 hasn’t moved 15 index points in the last 1 ½ hours … no,
this ISN’T TRADING!, cuz there isn’t any trading going on, only volume on short
squeezes, and thus the slow crawl … ughhhhhh! … we got 2 of the most volatile
markets going, and both this week acting like oat spreads … this too shall pass
I can assure you, and when it does I’ll be there to trade ‘em!
Blog update on Sunday … outta here … “The future’s so bright I need 2 pairs of
sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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