“So some day the market will say to the FED manipulators!”
Just another manipulated piece of shit day on Wall Street, as we’ve gone from
“free market” [pre February 2016] to “market can’t be allowed to go down ever,
more than 0.5%, without aggressive “Plunge Protection Team” [PPT] efforts to
[prop it up [February 2016 - end of 2019]”, to now “market can’t be allowed to go
down for more than 4 - 6 minutes without intervention” … that this is the biggest
Ponzi scheme in history there can be no doubt, just as there can be no doubt
how it’s gonna eventually end … cuz the longer this shit goes on, the worse the
damage is gonna be when pin meets bubble, and this is one big fucking bubble!
What the FED is afraid of is twofold … 1) the gigantic pension crisis in the U.S.,
both public & private, that is underfunded by trillions to the retiring
“Baby Boomers” [born 1945 - 1955] … to say this is one of the 800 lb. gorillas in
the room is an immense understatement … the only way out is higher stock
prices to fund payouts … spend billions keeping stocks propped, or spend
trillions on their failure … 2) just as big a problem is the multiple trillions the
public has stuck in “passive investment schemes”, namely ETF’s [Exchange
Traded Funds] & ETN’s [Exchange traded Notes} … in a panic liquidation by the
public, there’s no way in hell the bottom 400 stocks in the SP500 could be sold
to meet redemptions, and the slaughter in price would make the 1987 crash look
like a 3 minute correction of 15 points in the “Tulip Bulb 30”.
But, as in all things where the offending party thinks their hubris and
propaganda can defy the laws of human nature forever, the rude awakening for
those in stocks will be something to behold … “you’re being fleeced, and your
greed is allowing it to continue, and when the day of reckoning comes, you won’t
be allowed to get out … you heard it here first”.
Quite frankly, I don’t care where the “Tulip Bulb 30” is, or what level it goes to
… to me, it’s simply a trading vehicle … if we get the proper IVIX & trading
conditions, then it’s one of the best ATM’s going … if not, leave it alone and let
the manipulators do whatever the hell they want for short term propaganda
purposes … sooner or later, reality sets in and profit booked … do “stupid shit”
[like buying rallies], and at best it’s a coin flip, and at worst it will cost you your
account.
Well, here in the afternoon of Gotham on a Friday, and this has been one of the
worst 3 day stretches of trading action I think I’ve ever seen in stock indices
… this is what blatant manipulation brings to the table, which is the fact that the
manipulators refuse to let stocks go lower and take some of the
“bubble pressure” off the table … these Twits are so overwhelmingly scared of
declines in stocks, they’re scared shitless it could set off panic selling … well
guess what Twits? … it’s gonna happen anyway at some point, and your actions
just make it worse … in any event, today sees severely lower IVIX, a pathetic
daily range, and a Holiday on Monday with shortened trading hours … perfect
timing when Europe opens for a selloff IMHO.
No trades again today, simply cuz there is no IVIX to trade inside of a very tight
range, and nothing here but chop as we move towards the merciful close … all
you can do is wait it out and be patient, otherwise you give money away … blog
update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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