The only real question to ask is “when do the financial bubbles end”? … and each
day that passes we get closer to that fateful day when nobody but nobody gets
out alive … after all, in today’s groupthink financial insanity, “bad news” is really
“good news” cuz it means central banks can ramp up the QE, and that means
more “free money” for zombie companies that got no business being in business
… NIRP forever cuz rates can never be allowed to go higher cuz there’s no way to
pay the interest on that much debt, and that means more insane bond debt and
money that leaks into stocks by default … welcome to the world’s newest
gambling casinos … when does it end?
Not today for sure, but if the dopes in the U.S. elect “Hidin’ Lyin’ Biden” and his
communist VP sidekick, I can already hear the “whoosh” coming out of the
financial bubbles … and before you know it, your life as you knew it is O.V.E.R.
Meanwhile over in the DAX30, today sees one of the worst range days seen in
months … 9/16 was crap, and taken with today, you got to back a long way to find
a worse, worser, or worser-er-er day for trading action … IVIX INDEX levels were
OK today, but down substantially from Friday … what a bag of flaming dog poo.
One algorithm trade signal today in the DAX30 … TURNKEY PAMM / MAM UP EVER
SO SLIGHTLY.
Not only was the range today terrible, but trading action acted like it was asleep for
most of the day … occasional bursts of activity, like at the European open and the
NYSE open kept it interesting, but the day as a whole was a complete bust … as I
said last Friday, the Monday after NFP Friday is historically one of the worst trading
days of any month … well, this one sure didn’t disappoint on that front! … just no
algorithm signals except the one, and it went almost nowhere … the rest of the
week looks to be more active, so we will see what happens.
Outta here early today … until tomorrow … Onward & Upward!!
-vegas
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