IMAGINE IF YOU WILL, IDIOTS WITH MONEY

“When dopes control hundreds of billions of dollars, and act like dopes!”

At 3:50 P.M. EST yesterday, the SP500 jumped 40 handles in less than a second

… ZH reports it was an MOC [market on close] order, announced by the NYSE,  to

be executed in the final minute of trading for $40 billion dollars … welcome to the

wonderful world of “stock bellies”! … just another item in the laundry list of why I

don’t trade NYSE opens and/or closes, cuz of exactly shit like this … nothing new

here, it’s been this way for 38 years come April, as scumbags are drawn to both

open & close like moths to a flame.

But imagine if you will, you manage hundreds of billions of dollars or maybe even

trillions of dollars of assets … do you not care about price? … I mean, WTF, do

you somehow think you’re being paid millions to be a dope? … you had all

fucking WEEK to buy stocks at LOWER PRICES … but no, can’t do that

… instead, after it’s gone up 20%, you now decide to buy everything on the

fucking close, thus triggering the NYSE rule of announcing to the entire fucking

world what you’re gonna do in the final minute, thus insuring the absolute worst

& highest price that’s gonna be paid by you this side of Jupiter … quite frankly, I

don’t give a shit how many degrees you got from places that credential your

imagined pedigree, you are a fucking idiot … “exactly what do you do here”?

… “nice buy there Skippy, cuz in less than 24 hours from your idiocy, your

40 LARGE is down almost 4% [and the day hasn’t even officially begun yet!

… but who knows, it could be 4% higher by the close with the manipulative nature

of this shit, so good luck!]… no worries, though, you got a future in government

for the “Plunge Protection Team” [PPT], maybe part of “Peter Pan Kuroda’s crew

at the BOJ, or maybe even a soft gig at the ECB buying up worthless Greek &

Italian bonds nobody in this solar system would touch with a fucking 10 foot

pole … where do these people come from, cuz I want to show them my

beachfront property I got in Kansas that’s for sale”.

Shit just gets weirder & weirder every day I wake up, and when you think it simply

can’t be more fucked up than the day before, along comes another “event” that

makes you shake your head in disbelief that somebody or group of somebody’s

could possibly be as stupid & insane as it looks on my trading screen … pick

‘em, cuz it ain’t just isolated to the “stock bellies”, as most of FX has come

completely unglued, Cable in particular … and then there’s gold … what level of

hell must you want to be in to want to trade a market that has “Grand Canyon”

spreads now, no liquidity, and run by a bunch of fucking scumbag criminal banks

with no accountability? … if you want to throw away money, send it to my BTC

wallet, and I promise to do “stupid shit” with it that will make you proud … as i

said yesterday, when does this episode of “The Twilight Zone” end?

Welcome to the wonderful world of “flip the switch” … meaning,

“risk on / risk off”, and the bullshit manipulation machine that goes on everyday

in determining which mode we’re in this second … everything, and I do mean

everything, goes “speed of light” in one direction of pure panic until it doesn’t

… then it’s “flip the switch” and now it’s going the other way “speed of light”,

and you can almost hear the screams of anguish coming from over the horizon

… so, where are all of these deeeeeeeeeeeeeep liquidity providers hiding?

… right, me neither … LP’s my ass, they’re criminal enterprises hell bent on

screwing everybody they can to pad their bottom line, with the protection of the

government cuz the POLS & Apparatchiks get their cut no matter what.

What a steaming pile of dogshit this day is … seriously, you’d have just as good

of fortune trading back month coffee spreads via tarot card readings … one thing

is for sure, though, having spent a good amount of time last night watching Asia,

the only index that can be traded is the SP500, and you can forget the rest, cuz

spreads are blown way the hell out of all proportion … our PAMM / MAM doesn’t

have the luxury of good spreads in indices, where only the SP500 offers any hope

on that front … the FTSE100 spread at 11 ½ index points until late Asia, then goes

to about 4 ½ - 5 until Europe opens, where it will stay around 3 index points to the

sun rising in New York, and finally then the spread will be about 1 ½ - 2 index

points … great, you get to sit there and watch the FTSE100 go down 300+ points

and not do a “Hoover Dam” thing … the DAX30 you can forget at Turnkey, cuz that

market is a complete mess.

So early this morning, while I don’t generally like to trade markets with “limits”, it

happens so infrequently, I decided to go the SP500 route … generally round the

clock the spread is decent and tradeable, unless total hell breaks loose, and it can

widen a few tenths of a point, but with what I have to deal with in the other indices,

too often the moves are put in before New York has opened … with the SP500, it

doesn’t matter.

You wanna talk “thin” conditions? … here at about 2 PM EST, the NYSE has been

open about 4 ½ hours … from the midpoint of the opening minutes, the entire day

so far, has been about ± 20 index points to the tradeable tips… that’s it, yet about

200 times today the index has moved 7 - 10 index points within a minute or two,

and I’m not exaggerating … ask yourself, how is this possible? … it’s possible

cuz there is ZERO liquidity, on a Friday, where who wants to go home long stocks

over the weekend? … since this whole KUNG FU WUHAN CHICOM VIRUS started

in earnest disrupting markets, Sunday nights and Monday morning haven’t been

very kind to long position holders … throw into the mix now that Europe is closed,

and we’re dealing with the criminal element of New York banks … and that means

very ugly stop hunts from hell and M1’s that move quickly and then suddenly

disappear … “thanks, come again soon!”

We started the week in gold … that got blown to shit by the scumbag bullion

dealer banks of the LBMA, and quite frankly I think that market is dead going

forward … trade futures or go home … then we got one signal yesterday in the

FTSE100, but as so often happens, the moves overnight dwarf anything New York

does, and so we miss out cuz I’m not paying Vito Corleone to trade… well, not

anymore.

It’s now mid afternoon in Gotham, and on a Friday I want nothing to do with the

likes of Squid, JPM, Citibank and the other viruses that call Wall Street home

… calling this a “market” is an insult to the word “market” … more like a

government sponsored Ponzi scheme … trade in the Gotham P.M. and you will

regret it, cuz they are looking to do nothing but pick your pocket with your

permission … thanks, no thanks.

No trades today in the TURNKEY PAMM / MAM.

Blog update on Sunday … until then mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas