“Meanwhile, over at “Manipulation HQ”, it’s biz as usual!”
Since October … yea, way back then … try and remember, if you can go back that
far, a vast 3 months ago, the FED has “CNTRL-P’ed” about the same amount of
money the entire Federal government’s budget for 1981 under “Ronaldus
Maximus” … in 3 months … so now, given the fact they are the architects of the
current stock bubble and have caused the problem, they will be first in line to
“DEMAND” they be the ones to fix it … “they should be, in a sane world, taken out
back and shot at sunrise” … but cuz they’re the “smartest people in the room”
[just ask ‘em, and they’ll gladly tell you that], and bonafide faculty lounge Twits,
they muddle along and will only make everything far worse.
“But I was told on Thursday & Friday, by government types everywhere, that the
coronavirus was “contained” and everything is fine … come Monday morning
and people worldwide are voting with their feet & pocketbook … the lesson here
is simple: whatever it is that government tells you, run away from that as quickly
as possible and expect the exact opposite”.
Quite frankly, markets wouldn’t be in the mess they’re in this morning if it wasn’t
for the clueless, idiotic, absurd, insane, and delusional thinking over at the FED,
that has allowed this asset bubble to expand far greater than anything seen in
history … “tulip bulbs got nothing over this crew”! … now the back “6” of the
“88/6/6” trading paradigm shows up, and it will interesting to see how the morons
at the FED can fuck this up in spades … cuz you know they will … somehow,
some way, they’ll find the exact wrong thing to do to make matters worse, like
they always do.
If current price holds up at the NYSE open, “Ma & Pa” across the world are
looking at approximately 3% losses on their portfolios in passive investment
schemes like SPDR’s for the DOW30, NDX100, & SP500 … at what point do they
“puke”? … remember, it takes a full day to redeem, so waking up this morning
and emailing Fidelity and telling them you want out of the SPY ETF, gets you out
tomorrow morning, not today … and if the trillions in these funds get nervous,
look the fuck out on forced selling at the NYSE open … question is, where’s the
collective “puke point”? … is it down -4%, -8%, or -10%+? … the bigger point,
though, even if you argue not now, at some point it’s gonna happen, and given
the profligate nature of the people in charge of the CNTRL-P machine, the
question still stands … and what do the Twits do when there is literally trillions
in assets to sell at the open, but no volumes or liquidity in the bottom tier of
stocks in the ETN’s, ETF’s, or mutual funds … gazillions to sell, and no bids?
… good luck.
And isn’t it amazing, the slide in stocks stops almost to the minute the sun
comes up in Gotham and the “early bird” criminals on Wall Street get to their
desks to enjoy some “Plunge Protection Team” [PPT] magic … “did you think
they’re gonna hand the money to foreign banks? … nope, just wait for Squid,
JPM, and the other assorted criminal types to get in off the commuter train,
before the “wink wink, nod nod” bullshit goes into effect and the money
laundering operation goes into full retard mode … why wait for the open?
… now, who’s up for green by the close?
What an absolute fucking manipulative joke of an opening at the NYSE
… “manipulate much”? … the fun never stops when there are no consequences
for your actions, even as the entire world melts down economically, especially
China … “oh wait, I forgot … it’s “contained” so no worries cuz “Everything Is
F-ing Awesome, Baby!”, cuz it’s all a video game or somethin’, right?” … to call
this a “market” is a travesty against language and common sense.
Well, this most definitely isn’t how I wanted this week, or day, to start out … not
the algorithm’s fault … my fault … and as a result of a misplaced order ticket that
got clicked when it shouldn’t have, it leads to a few percent loss in the FX
CHOICE PAMM / MAM … after that some legit algorithm trades, along with the
Turnkey PAMM / MAM that was up 0.2% today in the DOW30 … I wanted to slap
myself, and for the record the Mrs. & the dog immediately volunteered to do it
for me, but I declined the invitation … not the first time, but hopefully the last
time. Oh well, I suffer as well cuz my money is in there to … water under the
bridge, and I’m experienced enough to know not to do “stupid shit”, so I simply
forget about it and move on to tomorrow … “am I a dumb ass? … Yes, next
question”.
Trading action today really sucked … there were a couple of good algorithm
signals, but with the index jumping around 10 - 20 points at times in seconds,
the bid/offers not the best, and there was some slippage … and that leads to not
very good action given the overnight trade … with Asia closed tonight, it will be
interesting to see what transpires in the new day … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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