“This is Sparta! … dealing with the scumbag LP banks in a market meltdown!”
“Can the world even tie its F-ing shoes without falling over”? … I’m left
wondering how western civilization ever won WWII … the only thing left before
my head explodes, is for a group of sniveling SJW’s to suggest it’s “climate
change” that’s responsible for the CHINESE WUHAN VIRUS, and that if I would
just completely send all my dollars & wealth to Progs & Libtards via taxes, stop
eating meat, maybe drink that health elixir cow urine, use no A/C, and basically
live in a grass hut, that life would be fantastic! … meanwhile, over in financial
markets, the train has come off the tracks, and we are truly in uncharted
territory.
Markets opened last night in the most chaotic mix I have ever seen … like in
EVER … just step away and keep your fingers off the keyboard, otherwise it’s
not gonna be pretty, no matter what you do” … I have never seen such wide
bid/offer spreads, in supposedly “liquid” markets … if there wasn’t so much at
stake, it would be laughable … Cable opens with 15 - 40 PIP spreads, gold with
upwards of $2.50+ per OZ., and some of the widely followed FX crosses like
GBPAUD or GBPJPY, upwards of 40+ PIP spreads … say wut? … then the FED
steps in, along with other central banks around the world, and everybody cuts
rates to ZERO, and asset prices plummet … “looks like a group of Twits have a
credibility issue on their hands”, but no matter cuz it isn’t gonna make any
difference anyhow … “never let a crisis go to waste”, and here ya go with NIRP
just like I predicted weeks / months ago … take the CHINESE WUHAN VIRUS as
cover, and do what you were always gonna do anyway, cuz as we all know, the
U.S. has to have negative rates before 2024 otherwise interest on borrowings
will EXCEED what can be borrowed, and we can’t have that … down the “rabbit
hole” we go, deeper & deeper into the shitstorm of financial ruin as a country.
Meanwhile, somebody forgot to tell gold & especially silver, that in times of
complete economic chaos, you’re supposed to “shine” and appreciate in value
… maybe they didn’t get the email … dunno … but as I look at my screen, gold
has a $120+ per OZ. bloodbath on its hands, silver is down over $3+ per OZ. into
the $11 handle, and the gold/silver ratio is right around 120 - 1 … didn’t think
that was ever a possibility but here we are … all I can say is that when the dust
settles and shit calms down, good luck finding anybody willing to trade gold
and/or silver going forward … these 2 markets are D.E.A.D.! … that doesn’t
mean the physical market won't be active, it just means the paper market has
been destroyed and it won’t be coming back … I hope I’m wrong, but I don’t think
so.
U.S. Stock indices “LIMIT DOWN” about 30 seconds after the FED magic last
night, and they haven’t budged an inch since … foreign stock indices like the
DAX30, down in the mid “8’s” from the “mid 13’s” seen a couple of weeks ago,
with spreads that have been blown out to double digit index points, making
them a “fugetaboutit!” market to even look at … ditto the FTSE100 … complete
& utter carnage across the board … and lest you forget, who told you that
“when it ends”, the carnage would leave 99.999% of all investors in its wake, be
extremely vicious in scope, and leave no prisoners? … and so, it has come to
pass. Again, when the bloodshed is over, who’s gonna trade these indices going
forward? … sorry, I just don’t see it happening.
Only in the light of what’s happened in other market spaces, does FX look good
… of course, the scumbag LP banks, staring a golden opportunity in the face of
panic elsewhere, jack the spreads for no fucking reason whatsoever in major FX
dollar pairs … why? … cuz they CAN! … cuz they know they can say, “duh,
market conditions, duh”! And get away with it … the greed of these assholes is
striking … Cable hasn’t moved but 50 - 70 PIPS in the last 7 - 8 hours, here in the
early hours of AM in Gotham, and yet we get 1.5 - 4.5 PIP spreads? … WTF is
that? … outside of the usual bullshit, what’s the reason? … crickets anyone?
… the reason is fucking GREED!
For the most part, the only pairs resembling “normal” spreads are USDJPY &
EURUSD … every single other pair blown to shit, especially non dollar crosses
… about the only cross that’s reasonable is AUDJPY, coming in around
1.5 - 2 PIPS spread.
“OH, AND HERE IT IS”!! … just like I predicted just days ago, if we’re not AT the
bottom, we’re “Hoover Dam” close … anchors on CNBC melt down, and ask for
the whole enchilada be shut down … the link directly below.
Some days, you can’t make this shit up and be believed … collective mass
psychology at work, and if you haven’t downloaded it yet, over in the
“Download Links” section is the classic book, “Extraordinary Delusions & the
Madness of Crowds” … you won’t find better reading on panics anywhere, I
don’t care how many years ago Mackay wrote the book … people are people,
only the names change over the ages! … do yourself a favor and read it, it’s
FREE and in PDF.
This day shot to shit right from last night’s open … GBPUSD spreads in Asia
upwards of 40 PIPS, and I’m not joking here … completely untradeable until
Europe came in, where the spreads came down to “ridiculous” in the 3 - 5 PIP
range, where they stayed until Gotham showed up … from there around
5 - 6 AM EST, spreads have very slowly come in during the New York day, but
only in the PM of the afternoon, have they come back to normal around 1 PIP
plus/minus a tenth or two … and therein lies the rub, cuz the money trades were
last night into early Europe, and since then it’s been a bag of complete “Flying
Wedge of Death” [FWD] shit, galloping around a 70 - 80 PIP range about 4 times
now from the tips … once we got into the U.S. session, no algorithm signals to
take, with a complete drought right up until about 1 PM EST, but there’s no way
I’m doing signals with the scumbag LP banks in New York … Squid, JPM.
Citibank, can all go kiss my ass, cuz I know who & what they are, and I don’t
feel like contributing to the upcoming, future X-Mas party later this year.
That these creeps can’t maintain orderly markets in FX, when there is absolutely
no reason to do what they did throughout the day, says volumes about the
scumbags they are … and for us, that means backing away and telling them no
way I’m handing you free money … hopefully, tonight sees an orderly flow with
biz returning to normal in FX … as for gold & the stock indices, 1) they’re dead
and over, and 2) you’d have better luck in Las Vegas playing Keno [if they were
open!]
So, no trades today for the TURNKEY PAMM / MAM.
Just remember, money not lost doing “stupid shit” is money earned, and with
no signals, I’m not into “coin flipping” with Squid & JPM as a trading strategy
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
No comments:
Post a Comment