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Thursday, August 25, 2022

THE LOUNGE LIZARD HURRICANE ABOUT TO MAKE LANDFALL

“The FED guides markets! … your day maybe just got a little worse!”



What could possibly go wrong in this chopfest of bullshit, one day before Spicoli

does J-Hole … outhouse meet overpass, meet your convertible, and you’re

covered in FED shit from which there is no escape … “a little song, a little dance,

a little seltzer down your pants” is coming our way, in which at some point during

his lengthy oratory he’ll attempt to placate everybody, both bull and bear, and

give everyone fodder for their case for any market … that he’s completely full

of shit and knows less than ZERO is a given, but “Muppets” need guidance from

authoritarian figures with worthless Ivy League degrees hanging from their belt,

so here ya go … “Dr. Goebbels please pick up the white courtesy phone!”


Of course, once he’s done nobody will remember what he said exactly 5 minutes

later, and that’s the point … government demands walking & talking useless

woke salad bullshit for hours on end … just look at Biden if you need a primer

… but until tomorrow, unfortunately we got today …  a no volume, 7-11 liquidity

driven POS only a scumbag LP banker could love … good grief what a hot mess,

sitting at 2 PM where it was at roughly 5:30 AM hours ago … “Trading Ratio” [TR]

most of the morning so far LESS THAN 3 in Cable, roughly about 2.5, which

stinks, and I’d be shocked if it gets much better for the rest of the day

… why should it?


Well looky here, another set of reversals [this time in EURUSD] … who’s

surprised? … can new highs be next in an hour or two? … as I’ve said previously,

there aren’t any rules anymore, no matter the day or the circumstances … you got

to play with the “wind at your back” or they will carry you out toes up! … EURUSD

worse than Cable if that’s any consolation, but both look sick, and quite frankly

with the entire world short, as we’ve seen with some of these blitzkrieg rallies, the

moves up can be wicked “el quicko mucho” as the shorts panic.


They should have just closed all of this crap today and let everybody go to the

beach … nothing here but bank “scumbaggery & fuckery” with ZILCH volumes

and even less liquidity … and quite frankly, with a TR decidedly below 3, this isn’t

worth pursuing cuz it will only hurt you … the bank will see to that … Spicoli

starts speaking early out in Wyoming [J-Hole just across the Idaho border],

10 AM EST … until then it’s a waste of time, but don’t be surprised to start seeing

moves within an hour of him speaking, as leakers need extra income as well

… onto the Lounge Lizard Clusterfark!


Again, crude oil can wait to the weekend blog update on Sunday … more time

then for me to lay out the case for crude “at times” … No trades today for the

PAMM cuz trading conditions were / are terrible in GBPUSD the entire day, with

TR’s below 3 … as I write at NOON EST, the TR in Cable is 2.9 - 3.2, “if” your

trade gets very minimal slippage … onto tomorrow.


… OUTTA HERE … “The future’s so bright I need 2 pairs of  sunglasses 😎😎,

and my own Brinks armored truck” πŸ’“!! … Onward & Upward!!


-vegas



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