3 If you were wondering, that was directed at anyone whom is bullish into Monday. It’s going to be a bloodbath for you. I’m currently in Thailand enjoying cheap beer and beautiful beaches, yet I found it necessary to warn you of your impending doom.
I pulled up a chart and turned on the tv(random Asia news?) and to my surprise we rallied the entire week!! On the news of cheap liquidity. Cheap liquidity provided by who? Provided by a group of garbage countries on the brink of collapse. Fuck off. This rally is now over, only a temporary pause before ripping perma bulls faces off.
If you haven’t sold longs, it’s to late for you.
You know what? Don’t listen to me. I’m on the opposite side of the world. If I were trading, I would be bearish to the maximum. That said, I’m not trading so my vision may be blurred. I’ll be around next week, breaking necks and cashing cheques.( as per the usual) Till that time, you’re on your own.
3 Responses to “Beware”
Green Machine
FYI The “unprofitable” RY posted 48% increase in profits.
They rallied 9%.
If you were here this week your shorts would’ve burned you alive.
10banger
Keep in mind, American banks posted record profits in 2006 and 2007 if my memory serves me right. Please correct me if I’m wrong.
I’ll keep you posted when I short RY again. However, I havent for awhile.
Regulator
How much did you leverage on RY when you shorted? No way I would gamble a canadian bank down, they bounce all over the place. I’ll hold my bull on gold and Div etfs and re invest to a lower price when available.