EXPANDING THE BUBBLES

 

“WHEN?!!”

When everybody in “The Swamp” figured out the FED would finance unlimited

Treasury printing of money from a corrupt & irresponsible Congress, the

floodgates opened … what’s hilarious is that they are genuinely shocked of a

credit downgrade while they borrow TRILLIONS more! … at higher nominal

interest rates to boot! … the Treasury holds “auctions”, Primary dealers buy

the stuff, and then turn right around and sell it at sweetheart deals to the FED,

thus insuring Wall Street profits, and ever more funds pumped into markets of

all types … welcome to bubble mania!

 “Trees don’t grow to the sky!” … well, unless it’s USDJPY, which has shown a

remarkable brilliance in doing just that … nevertheless, some “profit taking”

[than you, Bob Pisani, North Korean CNBC uber bull hack] from long position

holders is to be expected along the way, and it doesn’t take much to get them

“hair triggered” with a sell button nearby their fingers … so far today,, that’s been

the case … how do you define “STUPIDITY”? … EASY PEEZEE: any NYSE open,

where no matter the news, no matter the day, no matter the events, the idiot

Chipmunks ALWAYS feed and get fed by scumbag banks who front run the shit

out of ‘em … all in the name of protecting the consumer cuz we wouldn’t want

bad money managers colluding with scumbag bank trader desks, now would we?

… so instead, the brains of the financial industry work around it, AND SCREW

CONSUMERS ANYWAY by front running, via their offshore ILLEGAL prop

accounts, and front running the orders … off the books, and outside of any

purview of accountability and transparency … what could be better for a bunch

of thieves!? 

Here within half an hour, we got 1) NYSE open, 2) SP global PMI, and 3) ISM

bullshit hitting the wires … USDJPY affected by all 3 … and with the 10 YR.

marching ever higher, now at 4.187% and climbing, it’s gonna be hard to keep

YEN higher [USDJPY lower], unless the entire space is so overbought it doesn’t

matter cuz they’ve run out of buyers … maybe a distinct possibility, but without

yields coming down, who’s gonna lead the charge? … and right now, USDJPY is

very hyper sensitive to any move lower in yields, it doesn’t matter what level they

come from … 142.50, then 142.25, and 142.00 the levels of critical support for

USDJPY bulls, with stops below, natch … and with the entire trading world

positioned with their pet rabbits LONG, these levels could be in the crosshairs of

scumbag banks looking for a nice place to get long and cover shorts as well

… you know how this game works, don’t discount the possibility!

What a FUBAR trade reaction to data, no matter if it’s real or fake … but it does

show you just how sensitive traders are right now to anything affecting STIRS

and/or the 10 YR T-Note … unless the FED plans on engineering a DEPRESSION,

with increased Treasury borrowing to fuel the “Free Shit Army” of Libtards &

RINOS, good luck Lounge Lizards in getting nominal rates lower in the face of

“soon-to-be” resurging inflation … EXIT QUESTION: “when does the FED step

in and start manipulating HEAVILY, STIRS and the 10 YR, with heavy buying to

lower yields? … just like they do in “Stock Bellies” with the “Plunge Protection

Team” [PPT] … bond losses? .. who cares, they just print the money and

fugetaboutit!”

USDJPY making ZERO sense today, as higher yields meant nothing all during the

European and first half of the U.S. session, as scumbag banks pressured the pair

lower to run sell stops … which they did very effectively … and once the stops at

142.50 and 142.25 got run and butchered, they tried and failed to get the ones at

142.00 … came close, but no cigar … and then Europe closes, and with success

fresh under their belt, stops run, short positions covered and longs established,

now comes the crawl higher for hours on end up some 60 - 70 PIPS like it’s

nothing … what a frickin’ joke … should be illegal what these banks do, but

whaddaya gonna do, there’s nobody to complain to since they’re all in on the

“skim” … it’s how the game is played.

Multiple trades today in USDJPY … PAMM DOWN A HAIR MORE THAN 0.1%

… volumes [trade sizes] are a lot higher, so basically anything ± 0.2% are scratch

trades given unto LP bullshit with fills and any slippage that can occur … the

trade is very quick and fast, and while I’m basically utilizing the Scalpers

Algorithm, there’s almost no way you can keep any losing trade under 10 PIPS

without getting chopped to pieces with very quick turnarounds … ranges are

there, and it’s a yield play all the way, but as today shows, even when yields rise,

it doesn’t always mean USDJPY goes higher … what banks are doing is far more

important … no trades today for “The Syndicate”. 

Tomorrow is NFP Idiocy, so we got that to deal with … oh fun oh joy … onto

tomorrow.

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

and my own Brinks armored truck” 💓!! … Onward & Upward!! 

-vegas