On the one hand we got the Lounge Lizards from the FED … when do they pivot
back to QE? … on the other hand, we got the insane BOJ, which at some point
whether they realize it or not, somethings gotta give … either you allow rates to
rise or your currency goes “Peso” … so the $64,000 question is, which group of
Morons [FED or BOJ] goes “deer in headlights” and blinks? … my guess right
now is the FED,, and if that’s the case, the mother of all YEN rallies that will rip
faces off is on the horizon somewhere ready to be unleashed … and if you think
you’ve seen the greatest “freight train trading” markets have to offer, just wait
cuz this one will be one for the record books.
But until that fateful day, it’s more of the same pathetic trading action for USDJPY,
as VIX has fallen off a cliff … eyes I’m pretty sure, fixated on next Wednesday’s
FED interest rate decision … 50 bps, 75 bps, or 100 bps rate hike? … and telling
more than they want you to realize, all the BOJ Apparatchik “blah blah, yada yada”
about intervention north of 145, has only dented USDJPY down to the 143 &
change level … sure enough, some bulllshit to scare some long specs out, but
less than 200 PIPS ain’t exactly a crushing victory for the retarded kittens on meth
that make the rules … 75 bps maybe, but 100 bps rate hike, and IMHO somebody
with some big wallets is gonna challenge the BOJ bullshit and make the BOJ
make a decision to either “shit or get off the pot” … my guess is it’s a bluff, but
we’ll see come next week.
Meanwhile, the Brits have not only lost a beloved Queen, and now got the
man-child Prince Chuck taking over as King Charles III, they also got a currency
going to “Hell in a handbasket”, now at its worst level against the dollar in
decades … in one human lifetime, is there any country so fucked up more than
Britain, with the worst political class, central bank, and a standard of living
approaching Rawanda? … when somebody says “at least we’re not the worst”!,
they’re comparing themselves to Britain … and now they got a babe as PM, who
promptly promotes the same old policies that never have worked, nor will ever
work … but hey, what do you expect from a clueless political class? … they aren’t
gonna freeze to death this winter, and there will be plenty of food on their table I
can assure you … as for the dwindling middle class, good luck.
“Big girl panties” bunched up beyond belief on Martha’s Vineyard, as the elite
hypocrites beating their chests for “diversity” everywhere but their own
backyard, don’t seem to want to roll out the welcome mat for 50 illegal immigrants
sent to them courtesy of Ron DeSantis … “where’s Ex Preezy Empty Suit? … he’s
got plenty of room on his estate for some “diversity”, but alas, he’d rather hang
out with rich white people and talk smack and virtue signal … hypocrites, they’re
all hypocrites, and the biggest racists & bigots known to man … and what they’re
really upset about is being exposed, not the immigrants.
And so here we are on a Friday, where the financial world could care less about
anything until next Wednesday … other markets far worse for trading action than
USDJPY, especially gold and “Stock Bellies” … that’s kinda to be expected when
a central bank is Hellbent on creating a depression and deepening human misery.
And speaking of human misery, there’s the USDJPY trade, which is D.E.A.D.
… stick a fork in it Jim, it’s dead! … I mean seriously, is it Christmas Eve yet?
… talk about a crawl market, this is it … if I didn’t know better, I’d think the
internet was broken … and once again, whaddaya do with dog poo that won’t
move? … EASY PEEZEE: “leave it the hell alone!” … and cuz it’s not moving
anywhere, “false positives” are all over the place.
Again today, no trades cuz there ain’t nothing to do … what an absolute joke of
an excuse for a trading day … blog update on Sunday … no worries, better days
ahead once the Idiot FED is out of the way, and who knows what Monday &
Tuesday brings?
… 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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