Oh, won’t today be a “Clusterfark” of FUBAR proportions, as Spicoli twists himself
into a pretzel, at a WSJ forum, where he takes “questions” [more like softballs, but
we’ll see] starting at NOON EST, cuz the U.S. bond market is melting down faster
than a snow cone at the beach … all of this, of course, predictable at some point
cuz math meets reality of trillions upon trillions of money printing & QE worldwide,
and gosh looky here Ma, interest rates are rising.
Only thing is, though, interest rates can’t rise … cuz if they do the bankrupt “U.S.
of China” won’t be able to print or borrow enough to even pay interest on the debt,
let alone all those “Stimmy” checks, future reparations to those aggrieved 150
years ago, all of the EBT bullshit that goes on every month, the untold countless
“black hole” scams run on government daily, not to mention all of the important
foreign aid that gets sent to shitboxes like Pakistan for transgender education
… get the point? … so Spicoli will twist himself into a pretzel trying to convince
the bond market that, “all is well, we got everything figured out”! … however, he
ain’t got shit figured out, except how to keep the 0.001% of elites making more
and screwing the U.S. middle class … that’s what they’ve done for 114 years, why
should now be any different?
It’ll be “hurry up & wait” ‘til he opens his pie hole, and then the fireworks start
… one of these days, it ain’t gonna work, and the system melts down … cuz right
now there isn’t any liquidity anywhere in anything … deepest market in the world
my ass … maybe from 35,000 feet in a jetliner it looks like an ocean, but stand in
the mud puddle and realize it’s only 1 inch deep … think at all who’s running the
USS Titanic, the Communist duo up top, where Preezy Depends wonders out loud
at a presser “what am I doing here”?, and it gets even worse cuz there’s no escape
from the “shitshow circus” the U.S. has become … wonder the how & why of
Bitcoin being at 50K, along with its meteoric rise? … wonder no more … and the
lying, cheating, stealing of wealth will continue unabated until there’s blood in the
streets, cuz asshats like Jerry [Spicoli] Powell, along with all the other faculty
lounge Lizards & Apparatchiks infesting government, want only to empower the
ChiComs and see the utter destruction of the U.S. … forget the bullshit, watch
what they do … is your standard of living going up in relation to Gates, Bezos,
Buffett, and all the other fascist billionaires?
Meanwhile gold & silver are getting beat with an ugly stick … maybe they
eventually go higher, but over the last 40 years they’ve been about the last place
for capital gains you can find … so much manipulation, so many problems
… quite frankly, outside of industrial use, they’re pet rocks!
That doesn’t mean you can’t trade ‘em, but as a “store of value” [SOV], they’re
expensive to buy / sell cuz of dealer markup bullshit, storage fees if you have
enough of it to matter, and the means to transport it if the need arises [like fleeing
a decaying & dying country that demands your money] … maybe they shine again,
but it doesn’t look good right now in the face of rising rates.
Well, that escalated quickly to the downside, didn’t it? … amazing how people
react in markets when you don’t say anything after talking for an hour … clearly,
Spicoli is clueless, right along with the other Dimwits at the FED … and the bubble
is LOSING AIR! … maybe the “Plunge Protection Team” [PPT] comes in near the
close for s “stick save” higher, but even if they do, with a Communist regime in
the WH, a socialist Congress, and a FED that has no clue, “Stonks” are in
dangerous territory at these highly elevated levels … and it’s likely to get a whole
lot worse before it gets better.
No trades today in anything.
My first priority is to NOT lose money … and the trading algorithm today, at least
for “Stonks” since right after, meaning the “Tulip Bulb 30”, has been in SELL mode
the entire day … “Welcome to the 88/6/6 paradigm of trading … and today is the
back “6”, and as I said yesterday, for the last several days extending into weeks
the reward / risk ratio for long trades has been awful … risking dollars to make
pennies … and when the red down spikes come, it’s lights out and fugetaboutit!
… I’ll simply wait for the algorithm to be in “buy mode”, where we have the highest
probability of profits.
Over in crypto, a bloodbath in the alt-coins, where Cardano has done nothing since
last Saturday except go down … the high $1.40’s down to $1.07 in 5 days, after the
“Mary hard fork” … and a whole new set of “Johnny-come-lately” investors get
smoked … so what else is new? … quite frankly, since Spicoli’s “Deer in the
headlights” forum Q & A, crypto has been straight down the tubes … another
situation where the algorithm has been in sell mode almost the entire day since the
European open … and for those who when they get the algorithm here shortly want
to be short crypto, have at it … as for me, until there’s a reason to be short crypto,
which I don’t see with world central bank CNTRL-P to infinity, I’ll pass on the short
side cuz I don’t like the reward / risk ratio dya-in, and day-out … crypto’s potential
across the spectrum is much more positive than anything Spicoli says that gets
“big girl panties” bunched up via some profit taking and/or long liquidation
… again, my first priority is to NOT lose money, then I go from there … today one
of those days where a FED PIE HOLE takes center stage and pisses all over
himself … and tomorrow is NFP Friday, another horseshit trading day, although I
don’t think it will have much impact.
Outta here … “the future’s so bright I need sunglasses”! 😎 … Onward & Upward!!
-vegas
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