“How the world’s elites solve problems!”
Well, that escalated quickly didn’t it? … one day Turkey is fine, and then
poof!, it ain’t … and suddenly Europe & TBTF banks everywhere are seeing
capital evaporate before their eyes … and when your currency depreciates
over 40% since the start of the year, about 8 months ago, and they owe you
money in dollars, but only got Turkish Lira, now it’s not only they who have
the problem, but you got a bigger one. “But no worries, just buy MOAR
“FAANG” stocks, cuz as we all know, they’re wonderful and impervious to
decline, cuz shut up … ‘till they go down more in 2 hours than it took to go
higher in 8 months … but hey, you gotta believe, right”?
Add to that, yesterday, I go to update everything, and proof positive the world
is ending, I got computer problems, internet problems, problem problems, and
the dog is on my donkey cuz we ran out of ‘beggin’ strips’, “and what R U
gonna do about it”? Fortunately, everything got back to normal by late
evening, except the dog who has a very long memory and refuses to believe it
wasn’t some international conspiracy and now is pouting in the corner
… “I’m being punished, don’tchaknow”?
Meanwhile, we start another week of trading in the dullest month of the year
… trading desks filled with the “C Team” [freshly minted indoctrinated
MBA’s from credentialed university’s who don’t know shit] while their bosses
lounge around the Hamptons partying … “call me if the world blows up or the
building collapses, otherwise if you call you’ll be working at WalMart in
Arkansas when I get back”. And so, the world’s financial centers hum along
like they always do at this time of year.
But, world equity markets are considerably “stretched” at this juncture … if
the NDX100 were at 5,000 instead of 7400, for instance, and valuations not in
the “tulip” world, maybe you could justify buying & holding … but as we saw
last week, the EM [Emerging Markets] ETF’s, ETN’s, & dedicated mutual
funds got slaughtered … more importantly, liquidity evaporated and there
wasn’t even a market at one point on Friday during the Turkish Lira’s
ascension over 7:1 versus the U.S. Dollar … substitute NDX100 or SP500 into
the “EM Equation”, and you get a very crystal clear picture of what’s ahead of
you at some point in the future … TRANSLATION: “When everybody tries to
get out of hundreds of billions or even trillions of dollars of passive investments,
and looks to find a buyer, who’s gonna be there to take the other side? Cuz this
last week’s EM bloodbath will look like light profit taking compared to what’s in
store … and if you get caught in it, you’re money is toast … add to that the
burying of the bond scandal by the financial MSM in Switzerland that I wrote
about in a prior blog, and you see quite plainly, nothing has any value
whatsoever when the world comes to “sell, Mortimer, sell!”, and how events
quickly deteriorate at the speed of light when SHTF”!
Turning to today’s NDX100 market … pre market ramp, cuz nothing says
buy MOAR than a good old fashioned currency crisis and world economy that
is diving to a depression … and lo & behold, here comes the “pastor to be
released soon” rumors out of Turkey, flying hot off the “totally reliable”
[snark snark] Twitter, floated just in the nick of time to screw shorts, ramp
the SP500 & NDX100, and give the Goebbels public relations impression of
“Everything Is F-ing Awesome Baby!” bullshit we’ve become accustomed to
almost every “Hoover Dam” day … shows just how effective the propaganda is
at convincing Sheeple to plow MOAR into “tulips” [a/k/a FAANG stocks].
“We’re gonna need a lot more fairy dust Skippy”!
“Oh wait … U.S. Embassy in Turkey denies pastor rumor … nevermind
… gosh, hope nobody got caught in that little lie paraded out by the usual
suspects … well, mission accomplished cuz the Indices are off their lows,
NDX100 above 7400 now, and that’s all that matters … I’m sure it’s just a
coincidence that the whole shebang fits nicely into the “protect & defend” the
NDX100 7400 level mantra the FED, PPT, & SNB are interested in maintaining
… yup, couldn’t be anything more than a coincidence … nice job
Dr. Goebbels”!
Round up the usual “Chipmunks” for the open ramp higher, then set the
scumbag LP slippage meter to “screw ‘em, tag ‘em, & bag ‘em”, and you got a
sense of the opening first half hour … “if Vito Corleone had any idea how to
really steal money, they’d have found their way into brokerage & liquidity
provider heaven”. And what does it look like? Directly below, see for yourself.
“Nice job, scumbag LP’s”!
Hell, this goes on all day, everyday … you go to sell it, and it’s at 7446.1 bid,
and you get filled at 7445.0 [see black circles], and then blink your eyes, and
it’s back to 46 … wow, what a coincidence from the wonderfully fair, honest,
and upright friends at Turnkey’s LP banks … “couldn’t be they stole the money
via the 1 point … nahhh … just your rotten luck they held the order up a few
milliseconds until the HAL9000 bid could be changed lower to fuck your sell at
the bottom, before bringing it right back a millisecond later … see how this
works? … this is what is known in brokerage house circles as “duh, market
conditions, duh” … now, STFU and get back to trading and generating
commissions for us”!
And, it doesn’t matter what size you trade, they find a way to gyp the bid/offer.
Today’s trade sees much higher volumes, and quite frankly folks, get ready for
multiple thousand dollar results … good or bad, say goodbye to up/down
fractions … trading futures lots is the only option for these markets.
A shipload of trades today … PAMM down a couple percent with the increased
volume. More on this in tomorrow’s blog post.
Can markets be any more screwed up than they are now? I’ll address this
tomorrow as well. Until then mi amigos … tonight I have a conference call with
Turnkey, where shit is gonna fly … Onward & Upward!!
PAMM Spreadsheet will get done soon and be posted.
Have a great day everybody!!
-vegas
OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
“DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN
FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND
START YOUR JOURNEY FROM WHERE YOU ARE AT TO
“ESCAPE TO SUCCESS”!
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