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Wednesday, August 2, 2023

OH NO, BANANA REPUBLIC’S CREDIT GETS DOWNGRADED

“How much longer to Venezuela?!!”

Next up? … junk status … borrowing TRILLIONS, paying interest of TRILLIONS

more, and they wonder how their credit rating gets lowered? … now you know

why they’re in government.


ADP job numbers on tap for today … how many more bartenders and waiters

can Applebee’s & Chili’s hire? … apparently a lot more … big miss to the upside

… and even though the day is just starting, there’s your 1 microsecond move for

the day, thanks for playing financial roulette!


Yields pressing highs for the YEAR, and the U.S. Treasury announces increased

borrowing after a downgrade by Fitch … great timing fellas, great timing! … I

wouldn’t hire any of these Fucktoids to even mow my lawn they are so

incompetent and beyond redemption in any kind of work capacity … but by all

means, borrow MOAR!


Go back about 9 months to a year, when yields were at where they’re roughly at

now … gold was about $300 LOWER, hugging the 1640 level, and oil about the

same around $80 … the NDX100 around 12,200, and the DOW30 around 32,200

… with yields this high and climbing, inflation about ready to roar once again

with energy taking off to the upside, somebody enlighten me how “Stock Bellies”,

especially over valued tech horseshit, can be this high … tech junk UP 30%? … I

dunno when this bubble breaks, but when it does, the blood is gonna be armpit

deep on both coasts … and when that happens, where will U.S. debt be then, and

how much will have to be printed via the CNTRL-P machine to prevent mass

revolution in the streets? 


Well, that didn’t take long did it? … just a normal oil inventories report that

comes every Wednesday, and the Coinexx LP blows the shit out of the bid/offer

spread … 10 minutes after the report, and it’s still a 5 cent spread … WTF

happened to the 1 - 2? … fucking LIARS is what they are, and here is the “bait &

switch” for all to see … suck you into trading it, and then slam the shit out of you

and explode the spread … I watched and waited, but I didn’t fall for it cuz I know

these assholes better than they know themselves! … just wait ‘em out and see

what they do, and sure enough they don’t disappoint with lying bullshit … my

message to Coinexx management was simple and direct … “you’re lying assholes

… don’t ever give me any of your bullshit again about any market cuz you

officially have LESS THAN ZERO credibility.” … how disappointing, but I’m not

surprised … been at this rodeo for a long time and I know these Assclowns, and

it ALWAYS plays out like this … they were born to disappoint! … say goodbye

oil! … “goodby oil!” … [and for the record, they do the same exact shit in crypto

pairs.]


USDJPY trading like a penny stock in Vancouver … can’t do Mr. Jack “Diddly”

Squat in New York trading, almost all of the action outside this side of the world

… which begs the question, “who the fuck needs New York for anything?” … gold

will not go anywhere on the upside with rates going higher AND pushing new

highs for the year … that headline alone will keep buyers away, inflation who

cares? … without some kind of break in yields, USDJPY finds no reason to

correct, except some very mini panic meltdowns of 5 - 10 PIPS “el quicko mucho”

that get bought up even faster … this never ends well with action like this

… NEVER! … every profit taking selloff in USDJPY a “V” shaped bottom, and

that just tells you how massively bullish sentiment is for USDJPY.


Multiple trades for the PAMM in USDJPY … PAMM DOWN FRACTIONALLY … if it

wasn’t for bullshit slippage by Coinexx on one liquidation, we’d be up money for

the day … truly a shit fill, but why should that surprise anybody, we all know

they’re thieves … with no “Stock Bellies” or crude oil, I’ll be starting the trading

day earlier going forward … USDJPY and/or gold will be fine … I’ll be getting to

the screens about 5 AM EST, and while today saw me get screwed on a fill, overall

USDJPY should be adequate for us on the trade front … no trades for

“The Syndicate” over at IQCENT … is Bitcoin broken or what? … onto tomorrow.


 …  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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