THE AMERICAN WAY … PRIVATIZE GAINS, SOCIALIZE LOSSES

 

“If you had any brains, you wouldn’t buy anything these 2 are selling!!”

It’s the “American way” since 2008 … for the financial elite of the “U.S. of China”,

take “bigly & yuge” risks with other people’s money [OPM], and if you “win” you

keep the gains for yourself and get richer … if you lose, no big deal, you just have

the FEDS bail you out, socialize the losses by sticking it to the American taxpayer,

print the money with the CNTRL-P machine that goes “Brrrrr” 24/7/365, and then

move onto the next scam … “just ask Barney Fwank, who when he was in the

Clown College representing the Woke Libtards in Massachusetts, was largely

responsible for the idiocy that’s become known as the “2008 financial crisis”

… Signature Bank, which was closed down Sunday by regulators, had Barney as

a Director of the bank … does “meritocracy” matter any longer? … or is it just all

woke horseshit of DEI [diversity, equity, inclusion]? … we certainly know the

answer to this one, don’t we?

I find it interesting that 2 banks fail, thus eating all of the oxygen in the MSM, at

the same time Clown College GOP Honchos announce they have the banking

records proving Biden & his family are crooks of the highest order, becoming

rich from ChiCom money … “LOOK, OVER THERE!, A SQUIRREL!!” … and if that

doesn’t work, is WWIII next?

What’s the bigger picture in all of this? … 1) “never let a crisis go to waste”, thus

you’re too stupid to notice your continued loss of freedoms from this crowd of

evildoers … 2) destroy banks so the FED can institute a digital currency the

government controls, thus ensuring you’ll do exactly what you’re told or else

… and 3) keep ancient, idiotic relics like Grandma Yoda Yellen & Creepy Uncle

Joe around for propaganda purposes, while the dirty work of destroying the

entire country continues full speed ahead by less notable Apparatchiks.

What can possibly go wrong?

If you voted for this human bag of shit, take a bow cuz YOU enabled it! … I told

all of you when this senile Dope was elected, that he and his “Manchurian

Candidate” VP would destroy the country at warp speed, and that disastrous

shit was about to unfold … still think everything is “A-OK?” … isn’t 

Libtard Wokeness” wonderful? 

In the casino today are inflation numbers … CPI coming up … just a reminder, if

anybody is noticing, that inflation is still raging, even with “official” numbers

from math whiz kids too fucking stupid to get jobs in the private sector … “you

know, if you’d just stop eating, driving a car, living in a house, and seeking

medical care, there wouldn’t be inflation! … DUH!, how simple is that?”

Well, that escalated quickly didn’t it? … the bond market trading like penny

stocks out of Vancouver … unprecedented volatility, with nobody feeling

comfortable holding U.S. paper … looking at USDJPY, somebody got skewered

on the release. 

The events of the last week, although not shocking since the Lounge Lizards

have embarked on the greatest tightening cycle in history, always comes with

“unintended consequences” … did the FED really think banks could withstand

the market losses in their government bond holdings and maintain capital

requirements? … if so, they should be fired immediately for being economically

illiterate … but in this age of “diversity”, knowledge or experience in credit

markets means nothing compared to “wokeness” and how many gay pride

parades are we planning … SVB didn’t even have a risk manager, but they had

plenty of Woke Dopes drawing huge salaries … in any event, the world ain’t the

same place it was before last week … things have changed … maybe they hike

next week 25 bps, but if they do it’ll be the last one … Nomura is actually calling

for them to CUT 25 bps … in actuality though, it doesn’t matter, cuz the die is

cast … and that die has turned up demand and interest in gold … gold is back

in the ballgame folks, now that rate hikes are history [or soon to be] … gold was

dead money … today it’s simply money with no counterparty risk whatsoever

… time to put gold back into the trading mix for the PAMM … price is moving,

spreads have been relatively stable, and the 20 Day Range MA is starting to rise

in value … up/down, who cares, it’s moving! … in 3 days, it’s taken out 2 months

of price action to the downside as rates were going higher … those days are

over … 1) what bank goes tapioca next? … 2) “Stock Bellies” are stuck between

a rock & a hard place … 3) Biden is an idiot of the first order and will FUBAR

anything financially related to banks and/or “Stonks” … 3) the debt ceiling

debacle is dead ahead, which could lead to a U.S. default … and 4) the goods

have been delivered by the Treasury Dept. to the House GOP for 15 years of

banking records relating to Biden and his fam & cronies surrounding him … he

is “toast”, and he knows it … look for Russia/Ukraine escalation, or something

else that will roil markets and take attention away from him … that may mean a

collapse of the dollar, which would see gold skyrocket … “and you wonder

why central banks all over the world are buying gold, and have been for quite

a while? … they know what’s coming!”

Everything is becoming a runaway freight train down the tracks … “Stock Bellies”

so FUBAR, I don’t even want to look at them … what an absolute trading

nightmare, filled with slippage gaps that would make Vito Corleone blush with

envy … who needs pimps, prostitutes, sports gambling, and drugs when you

could fill orders off the market and make money without any risk? … I thought

yesterday I had my “sea legs” in USDJPY … nope, today not a clue … it’s hard to

tell which tail is wagging which dog … and it’s impossible to keep up with the

correlations that come and go like squirrel farts in the wind … and panic is

everywhere. 

Couldn’t get a downtick in “Stock Bellies” the first hours of trading … then came

the “couldn’t get an uptick to save your life” in the early afternoon, when “el

quicko mucho” bank “Stonks” suddenly got gob smacked lower … Welp!, here

we go again … when does this shitstorm stop? … or does it? … and it all affects

USDJPY cuz of “risk on / risk off” [RORO] … and you get 70 seconds of intense

selling … then it stops … then here comes the panic higher, and you’re left sitting

there wondering, “WTF was that?” … and that pretty much was the whole day

… not as bad in gold, but excuse me, you’d think FX pairs could put in better

ranges than this shit today given the news flow … at times the “Trading Ratio”

[TR] was OK, and at other times I wanted to call the morgue and report a death

… and then it would pop to life cuz of some bullshit somewhere … and as soon

as that brief buying / selling was over, it’s panic in the other direction … quite

frankly, it’s not that the v2.1 trading algorithm signals are not there or invalid, it’s

how I interpret them when they show up … like I said, “sea legs” … instead I’m

puking over the side of the boat!

There is still decent correlation between gold [XAUUSD] and USDJPY … directly

below, USDJPY ON TOP, GOLD [XAUUSD] ON THE BOTTOM … this is the m5 with

line graph and the Heiken Ashi Smoothed [HAS] indicator, we use in the trading

algorithm for trend determination … be long when it’s lime, be short when it’s

red, off signals on the m1 … when gold is lime, USDJPY is usually red, and

when gold is red USDJPY is lime … they may not be exact, but somebody is

watching cuz they line up pretty quickly … and quite frankly, I’d much rather be

long USDJPY [when it’s lime, meaning YEN is going lower] than short gold [when

it’s red going lower] … and vice versa … especially with the not insignificant

probability of other “bad shit” seeing gold skyrocket … so instead of being short

gold, I’ll probably be LONG USDJPY instead, when appropriate by the m1 signals.

click on chart to enlarge

I had planned on trading USDJPY a lot today … instead, I banged my head against

the wall, coming to the trade late, and literally 2 seconds later it’s 4 - 5 PIPS higher

when the m5 was LIME [buy mode] … well, I don’t want the trade now … just need

better execution on the turns on the m1 without thinking … no trades today for

the PAMM in this brutal bucket of stew … tomorrow sees me get off the snide

… also adding gold back into the mix, where I want to be long gold where & when

appropriate via the trading algorithm [i.e., the m5 HAS indicator is lime], and I want

to be long USDJPY where & when appropriate via the algorithm [i.e., USDJPY HAS

m5 is lime] .. since USDJPY is inverted and the correlation is strong between the 2,

when rates are going up I want to be short YEN [long USDJPY] and not in gold,

and when rates are falling I want to be long gold and leave USDJPY alone … and

it takes place when they are lime … there might be some overlap at the edges, but

generally speaking the strong correlation will keep them opposite colors, one red

and the other lime … gold rallies best when rates are falling, and USDJPY rallies

best when rates are rising … this doesn’t mean I’ll always be long one of the 2, it

just means I might trade the combination to each markets STRENGTH, AND NOT

TAKE POSITIONS where the trade scenario isn’t that pair’s greatest asset … I

think this makes good trading sense … in any event, onto tomorrow!

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

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

-vegas

CUE UP THE FED LOUNGE LIZARDS

 

“Today it’s the “Lounge Lizards” from the FED!”

Third day in a row, that by the time the sun comes up in New York, some 3 - 4

hours from the NYSE open, the “Spoos” already have a 100 index point range

… today sees NATO saying no troops in Ukraine, despite what “Taliban Joe”

utters between diaper changes … so until 2 PM EST, it looks and feels like “risk”

is back on … that is of course until it changes its mind.

Waiting for the Lounge Lizards to walk this tightrope act … not much to do except

wait, the range in Cable / Yen since I hit the screen around 5 AM EST a paltry 25

PIPS … about 3 hours ‘till the FED announcement, and I can’t see anything

happening now unless somebody has some inside info to act on first, which is

always a possibility when the FED is involved … hurry up & wait.

Quite frankly, the Lounge Lizards are in a terrible position, one that they

themselves can take the blame … they’re the ones that created the “Bubble”, and

now with inflation out of control, unless they bankrupt the federal government

via ruinous interest rate increases, there’s no way to escape more QE to prop

“Stonks” & endless giveaway corporate buyback Ponzi schemes … in other

words, they’re STUCK! … if they come off to “dovish” today, it’s a sign they’re

caving to the SP500 [they are and always have!], and if they stay the course with

all of the “hawkishness” over the last months, they will be seen as “tone deaf”

as the economy & “Stonks” get monkey hammered even lower … especially the

NDX100 … and through all of the “dot plot” increases of future rates, gold has

not gone down at all, and in fact is crawling higher … if the FED caves on rate

hikes, gold will explode to the upside, as it’s seen there is no way to fight

runaway inflation under “Taliban Joe” & his motley crew of Communist misfits

… and it only gets worse as each FED meeting goes forward from here … end

games are always a B. I. Itch for any market, but the biggest financial bubble in

the history of the world will be especially painful when you consider the

“Three Stooges” of finance … namely, “Taliban Joe”, Spicoli, & Grandma Yellen

… count on ‘em to FUBAR the country right down the drain. 

Well, that escalated quickly didn’t it? …  and quite frankly, I’m left a little

confused by the “Stock Bellies” reaction of moving higher quickly … the FED

didn’t tamper back anything, and in fact stayed rather hawkish IMHO  … how that

translates into higher “Stock Bellies” prices is beyond me … if they carry through

with this bunch of rate hikes and QT, the SP500 has no place to go but down,

unless of course you think the market is looking past this to the next recession

where things ease … really Wall Street? … you going there? … as for Cable / Yen,

it’s all a Yen show today, as Cable has a 30 PIP range and has decided to take the

day off … it’s hard to figure “risk on / risk off” [RORO] for the cross, when the

SP500 has ranges that every day exceed 100 index points … the scope of

correlation changes by the second, and the cross, for the most part, simply chops

again today wih a subpar range yet again … about the time the cross starts to

even move a little, it dies again for hours on end just as quickly, leaving the

trading algorithm metrics & parameters right on top of each other … it doesn’t

help things when Europe is closed either … onto tomorrow.

No trades today for the Turnkey PAMM … spreads blown out in almost all

markets limits anything I can do in the “Spoos”, and GBPJPY simply spending to

much of the day chopping around doing NADA … it is what it is, I can’t make it

move … Over in crypto land, in the European morning multiple ADA trades for

“The Syndicate”, and we’re UP APPROXIMATELY 0.2% … I’m still very leery of

the alt-coins right now, and am very quick to pull the liquidation trigger, cuz I

don’t think the bear market is over by a long shot … there is more pain ahead for

crypto, but not necessarily for BTC but everything else, and these “rips” lower

come with such speed and viciousness, if you get caught in any of them it will

be painful … I don’t plan on getting caught in anything! … take the profit,

and grind!

 … outta here … “The future’s so bright I need sunglasses”!!😎😎

… Onward & Upward!!

-vegas

WHO ARE THE REAL “STUPID SOB’S”?

 

“Dude, you tellin’ me you voted for Biden? … you are the STUPID SOB!”

If I were Peter Doocy, the Fox reporter whom “Taliban Joe” made his infamous

comments about, I’d tell him to take his non apology apology and stick it up his

ass! … “Taliban Joe” getting a little “prickly” over his failed presidency, and the

fact that he’s a total screwup!

And, as I laid out yesterday, when the “Plunge Protection Team” [PPT] eventually

shows up, there’s gonna be Hell to pay for the shorts or those who sold into the

panic … of course, it would help greatly if certain brokerage houses

[Hello Turnkey!] kept spreads in line, but why do that when the stealin’ is easy?

… and as I also told you yesterday, the biggest daily rallies of all time occur

almost exclusively in “bear markets” … that massive “pump” yesterday a

classic manipulative favorite to punish … and what may I ask, is the moral

imperative for government to intervene in so called “free” markets? … cuz if

you need any proof of “scumbaggery & fuckery” by government,

yesterday was it!

Into the New York afternoon, and you’d think that if the “Spoos” had a 130 index

point range, where almost all of it is DOWN, that “risk on / risk off” [RORO] pairs

like GBPJPY could do better than the “not even pathetic range of less than 80

PIPS for the entire day” horseshit we see today … oh but wait, it gets better, as

since my eyes are locked on the screen from the early AM, we can’t even go ± a

hair over 20 PIPS in either direction of a median around 153.55 … up a little, down

a little, oh wait never mind! … now, I understand Cable / Yen has been down 9 out

of the last 10 trading days, and today is a toss-up “doji” on the daily candlestick

… and so, upward momentum is gonna be fleeting until some kind of bottom has

been put in for the “Spoos”, without the PPT manipulation … and given that today

is the start of the January FED meeting, and tomorrow we get another interest rate

decision, I can understand traders being exceedingly cautious about FED

aggressiveness … even if rates don’t rise as fast as many think, that still doesn’t

leave much room for Yen appreciation [USDJPY goes lower], so with the FED

tomorrow and the BOE on Thursday, February 3, Cable today acting like the sick

puppy it occasionally emulates, sees no worthwhile range either … and BINGO!,

we end up with complete horseshit for a GBPJPY market!

And from a 20 something PIP move from a  median price it’s been at all frickin’

day, there isn’t much for the trading algorithm to do but look at me in horror and

ask, “umm, hey boss, are we in the right market?” … and I look back and say,

“everybody loves a little ass, nobody wants a smart ass, and turn my eyes away!”

… and there you have it! … if “Ugly Betty” were an FX pair, GBPJPY wins today

… and like I said, all with the “Spoos” going frickin’ nuts … and of course, we

can’t trade the “Spoos” at Turnkey cuz spread conditions are terrible, right along

with criminal slippage cuz they can … simply an absolute joke having the nerve

to call this a “market” … Vito Corleone brokerage would make a better market than

these Idiots.

And while the timing coming into the GBPJPY trade isn’t the best, it’s not like

we got tons of options either … simply put, we don’t … I do think this is the place

to be for RORO, and it just so happens we are right in front of a FED meeting

… shit happens, whaddaya gonna do? … tomorrow, especially early, we still

could get algo signals of course, but we need to see much better price & VIX

action than what passed for a “market” today, cuz without it the algo parameters

& metrics sit on top of each other and are meaningless.

If you’re looking at yesterday’s big turnaround in “Stonks”, as some kind of

major reversal day, and that means buy with both hands cuz BTFD is back on

baby, I’d put that thought to bed for a while … this is a valuation / bubble problem

exacerbated by high and persistent inflation that isn’t gonna go away, and that’s

a big problem for the NASDAQ honey pots that see all of the money inflows

… throw in the clueless leadership of “Taliban Joe”, Spicoli, & Grandma Yellen,

and the “Three Stooges” of government only make the problem worse, not better

… and when clueless POLS feel trapped, what do they do? … that’s right, they

find a reason to start a WAR somewhere … and nobody knows where that ends

up, but it certainly won’t be good … today’s “Stock Bellies” not giving many a

reason for hope & cheer, as they’ve been going lower since last night.

NO trades for anything today, GBPJPY simply pathetic in terms of scope & range

[so far], and if towards the end of the day I do something, I’ll do an update to the

blog after the NYSE close … over in crypto, that space isn’t out of shark infested

waters either … I’ll be back into ADA tomorrow for “The Syndicate”.

 … outta here … “The future’s so bright I need sunglasses”!! 😎😎

… Onward & Upward!!

-vegas