Step 1: make sure all major central banks of the world are debasing their fiat via
QE … Step 2. Make sure central banks buy government debt from large banks,
thus ensuring FREE MONEY FOR NOTHING AND YOUR CHICS FOR FREE!
… Step 3. Control interest rates so that Zombie companies can float worthless
debt to buy back stock for almost nothing, thus ensuring higher EPS and a higher
stock price for doing nothing … Step 4. Have a government arm [“Plunge
Protection Team” [PPT], goose stocks higher anytime there’s selling via the
CNTRL-P machine! … and Bingo!, Bango!, Boom!, wealth for everyone! … except
of course the middle & lower classes of working stiffs who see inflation kill their
labor and wages, and ultimately they never get ahead … “but who cares, the
“Big Guy” and his crime family get their cut, right along with other POLS,
Apparatchiks, & regulators via bank “skim” scumbaggery?
“Asia flies, the rest of the world dies”! … do I have to move to frickin’ Thailand or
something? … this constant shit of Asia moving markets, and then the rest of the
world just frickin’ wilts away into chop, is bullshit! … once again the
Chuckleheads get a case of heartburn over Chinese tech stocks, and down goes
Frazier … but no worries, cuz once Europe opens it’s nothing but yawns across
the spectrum, waiting to see what scumbaggery Wall Street has in store for today
… and when I hit my trading screen, everything has died! … nothing but slow
crawls up/down that get reversed rather quickly.
Another disappointing report, this time durable goods … just more proof of the
complete disconnect between “Stonks” and the real world … the DOW30 up for
5 days in a row for about 1400 index points, so somebody tell me what’s so
different from 5 days ago, besides a complete meltdown in China that hasn’t seen
tech prices this low since the ‘08 financial crisis? … and that’s somehow bullish
for the U.S.? … recorder-er-er-er new ATH’s coming almost everyday, no matter
the news no matter how bad it is, no matter how much the “U.S. of China” is
going down the tubes led by Preezy Idiot Boy … do we just go up every single
frickin’ day with more & more Sheeple FOMO-ing by the minute? … quite frankly,
there’s insane and then there’s this stuff.
All we’ve seen today in the DOW30 is wicked “Flying Wedge of Death” [FWD]
moves back & forth inside what will be the 5h day in a row of a daily range
substantially under its 20 Day Range MA, with the turns marked by wicked M1
moves both up/down … sure, the idiots at the FED are meeting, so what? … blah
blah, yada yada, same old bullshit on tap for tomorrow at 2 PM EST
… “long live the Ponzi”!
And for more comedy gold, here comes the new mandate to wear a frickin’ mask
indoors if you’re vaccinated … why, does the vaccine not work? … if a person is
vaccinated how can he/she/it infect anyone or be infected? … the only pandemic
is government control of your life … NEWS FLASH FOR SHEEPLE: “you’re gonna
die someday of something, and nanny government no matter what incoherent
bullshit comes out of the pie hole of Preezy Idiot Boy, his “Manchurian
Candidate” VP, or some other “Little Joe Stalin” on the loose looking for power,
is gonna be able to stop it! … I know, it’s a bummer, but get over it”!
Today taken as a whole, hasn’t been a “problem” down day … since the NYSE
open it’s a different story, although the first early break did rally some due to all of
the BTFD’ers floating around the world pretending to be “traders” … since then, though, it’s been a tough trade from the long side, cuz the turns lower are wicked
fast … if you’re one second too late, you ain’t gonna like your sell fill.
Starting tonight / tomorrow, however you want to look at it, I’ll be hitting the screen
at 2 AM EST for the DOW30 … so much good trading action between
2 AM EST - 4:30 AM to 5:00 AM EST, it’s ridiculous … cuz that’s the last 2 - 3 hours
of the Chuckleheads trading in the Asian session, and it has gained in importance
steadily over these last months … some really good moves with some eye
watering algorithm signals to buy … I’ll go to bed early and get up early, there ain’t
nothin’ to do at night anyway except watch the idiot tube, so it’s not that big of a
deal for me … quite frankly, I’m sick & tired of being sick & tired of missing these
moves!, and then ending up watching shit for 5 - 6 hours.
When I got up today, seeing the carnage in China, the worst since the ‘08 financial
crisis for their tech sector, I’m not in a hurry to buy the DOW30, and given the
runups to new ATH’s almost everyday, this stuff is due for a correction … granted,
the FED meeting probably mutes that, but nonetheless it’s DUE! … we are really
seeing totally ridiculous valuations & expectations where the BTFD is all that
matters, and quite frankly I don’t want the company when I’m long thank you.
No trades in anything today … since the NYSE open there’s been nothing but
chop … granted, in a fairly wide range, but for the DOW30 it isn’t that wide at all,
and worse yet the turns are vicious to the downside, only to snap back almost
instantly … by widening my trading hours, and not necessarily caring about
NYSE hours, we’ll capture that “magic” coming from the Chuckleheads before
they head to the casinos … I’ll have info on crypto tomorrow on the blog … now
into the mid-afternoon of New York, and this is turning into a real chopfest with
some wicked spikes … say goodnight Gracie [“Goodnight Gracie!], and I’ll pick it
up in the “wee hours”.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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