“Meanwhile, over at the FED!”
The FED is in official “panic mode” … they got nobody to blame but themselves,
having created the largest financial bubble the world has ever seen, and now
scrambling to figure out how to stop it from growing ever higher & wider in scope
,,, FED PIE HOLE BULLARD spills the beans yesterday, calling for an emergency
FED rate hike of 50 bps as early as this morning … which is kinda interesting
since 10 trading days ago he was all dovish poo pooing rate hikes as necessary
at all … “WTF has happened in 10 trading days”? … well for starters, forget all of
the usual horseshit of the highest inflation in 40 years, rising crude oil & Natty
gas prices, and the feckless leadership of none other than “Taliban Joe” and his
crew of Communist misfits that FUBAR every single thing they touch, and instead
focus your attention on the only thing that matters to FED PIE HOLES … namely,
the “Spoos” [SP500] … 10 trading days ago, it looked as if the index might crash,
and so the market needed some “FED juice” to make it go higher, giving the
“Plunge Protection Team” [PPT] cover to lift “Stonks” higher … now however,
with 7 … count ‘em 7! … rate hikes priced into the interest rate cake to the end
of 2022, and inflation literally “out of control”, the bubble refuses to stop growing
… investors / traders are piling in long near record ATH, and it’s as if nobody is
listening to the Assclowns from the faculty lounge … well now, what to do, what
to do? … and here he comes right on cue throwing cold water on all those
yesterday who blindly bought MOAR! … in other words, the FED is putting the
“lid” on further “Stock Bellies” appreciation until valuations & froth are driven
out!
With Europe just opening, it remains to be seen if the FED hikes rates this AM
before the NYSE open … could be a big “bluff”, and the lounge lizards are
simply blowing smoke … on the other hand, what’s gonna make the bubble
stop growing? … that’s right, start raising rates aggressively thus causing the
next recession … more good news for “Taliban Joe” as he heads towards the
mid terms slaughter that’s waiting for him and the rest of the Communist
Libtards in the Clown College … it looks to be one helluva interesting morning
that’s for sure! … markets are doing NADA, waiting to see if the FED acts this
AM … most likely if they do, it’ll be between 8 AM - 9 AM EST.
So, like so many other things government FUBARS to the hilt, the people that
cause the problem are given the green light to solve it … “Gee, what can possibly
go wrong here”? … what an absolute fucking joke the world casino has become
… and if by chance they’re “blowing smoke”, we’re already up to 7 rate hikes for
the year, and that’s priced in, so when they cave what does that do to the bubble?
… these Morons are absolutely clueless, and it’s gonna eventually lead to the
biggest “Stonks” crash ever seen down the road.
Well, it’s a “Hoover Dam” good thing the Lounge Lizards don’t play poker for a
living, as the “bluff” is just that … now what Idiots? … AND SINCE THAT TRIAL
BALLOON DIDN’T WORK, here comes the propaganda narrative of Bullard the
“lone wolf” … geez, these people are simply awful at whatever it is they do.
And here we are again at the London Fix. with some of the most pathetic ranges
& trading action I’ve ever seen in my trading life … and I can’t really blame either
gold or EURUSD traders for wanting no part of this Class A+ Clusterfark
engineered by the Lounge Lizards at the FED … nobody, and I mean nobody has a
fucking clue what to do, as the FED floats trail balloons and plays
“good cop / bad cop” almost daily … quite frankly, this isn’t an environment that
is good for gold … gold will have its time & place, but we ain’t there yet … the
FED has to cave on rate hikes, and when that happens look for the melt ups
… until then, it’s gonna be tough sledding to the upside as the scumbag bullion
banks play the “Comex Con Game” … and over in EURUSD, the ECB is like
“wet toast”, and who the Hell wants that … there isn’t any way in Hell the ECB
matches or exceeds the FED in rate hikes going forward, and we still don’t know
what’s gonna happen to BoJo in Britain … does he stay or does he go? … and
so we got a daily roulette wheel going in Cable based on the latest rumors, from
the same people who funded their mistress funds during BREXIT for 5+ years
… so look around, and ask yourself if you’re an institution just what it is that’s
gonna get you to buy / sell EURUSD and/or GBPUSD? … right, I dunno either.
Thus, we get the bullshit we’re seeing now … up a little / down a little / rinse, repeat
and screw tight stops … where did it go? … it’s all order flow with the scumbag
banks front running corporate orders and almost nothing else … and if you think
you can beat the bank to the order flow, I got some bad news for you Skippy … at
the “Fix” EURUSD ends up with a 25 - 30 PIP range for 8+ hours, and gold is a one
way street up / down with no trading per se, inside a shit range of about $8 - $9
… this is absolutely criminal … and it’s no better over in crypto land, where the
alt-coins are D.E.A.D. … go ahead, try and find a pulse, I dare you … there’s more
action at the county morgue than in crypto at the moment.
This entire week in EURUSD a very big nothingburger! … and that VIX we saw the
week before? … like a squirrel fart in the wind, it goes that quick … thanks central
banks … no trades in anything today, and quite frankly after Bullard’s bluff of an
emergency 50 bps rate hike this morning came and went, the FED is left with
damaged credibility, and a feeling we’re looking at a bunch of Fools like the little
boy who cried wolf … they’re trying to buy time, but IMHO I don’t think the markets
will let them … and in the end, all we’re left with is confusion in practically every
market on the board.
I’m hoping BoJo and Cable can get resolved quickly next week, so I can move
over there for some PAMM trades … I’ve since learned from this morning, that
the committee of Tories that will be deciding BoJo’s fate as PM, will give a
“heads up” on any impending vote … that means we are likely not to get any
kind of surprise announcement that gaps Cable up/down in microseconds … that
being said, in this kind of shit environment where the FED plays “Whack-A-Mole”,
Cable sings its own tune and goes wherever the Hell it wants, albeit with a little
help from the EURGBP cross, and has at least some VIX to dance with every day
… as we continue to see more often than not, the same can’t be said for gold
and/or EURUSD … I look at both EURUSD & gold and analyze the trading action,
and I want to puke, cuz that’s how bad it is … nothing but flips of a coin and
subdued VIX [and I’m being kind] … I’ll trade ‘em when there’s something to
trade … onto next week as I pick up Cable on Monday.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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