It is only day 5 of what I have dubbed officially as Theater Of The Absurd Year. It just went nuclear as Kim Jong-Un and North Korea have successfully conducted a hydrogen bomb test. Thats right, the crazy man who fed his uncle to dogs has decided it would be a good idea to test some Nuclear bombs in the new year just to make his neighbors feel warm and cozy. I wonder what Obama is going to do? Oh that’s right he is too busy crying over all the folks killed by gun violence. So instead of dealing with this or ISIS he will take your guns.
Additionally, China has devalued a second time in 2 days which has caused our futures to careen lower tonight. Seriously folks what the F-ck is going on? It is as if the mad scientists at CERN Switzerland have mistakenly unlocked a gate to Hell with the Hadron Collider and have unleashed some Demons into the world. As I suggested in my Grinch piece from a few days ago I got max short before Xmas and I will be unwinding some options and vol trades into the carnage this week. I will stay short stocks and SPY as I believe this party is just getting started. Strap on your hard hats and watch out for falling debris.
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This s___ has never been done before ever and on a scale like this. The results will be unimaginable.
BlueStar do you have an opinion on the dollar short tern, long term?
I’m diversifying outside of the US.
Hearsay: According to Jim Rogers, Kim Jong-Un and North Korea must not be as bad as the western press says. His proof is that North Korean athletes have traveled around the world for competitions but there hasn’t been a spate of athletes not returning home. He said if it was that bad, there would be at least some who would skip the return flight and request political asylum.
It’s hard to imagine how she will do it; but I have confidence that Hilary will be even worse than Obama.
I’m reminded to revamp my efforts to acquire an m60(legally) before this 41p horse shit is implemented.
You forgot to mention that ex-Fed Prez Fisher flat out admitted the PPT exists (duh) and has artificially propped this market up for 6 years. Anyone that watches the futures market from 3:30-4:00 ET most days already knew this.
@Quality Control Inferno
It’s also day traders herding the close so they’re flat overnight.
This year will kill the BTFD’s. About.Fucking.Time.
I’d love a chance to actually trade on fundamentals and not capital inflow/outflows & CB action solely
Is the FOMC rate hike an item n the checklist of absurd events? Would a reversal in course by a FOMC rate cut accentuate the absurdity of the recent rate hike or would their holding pat be another item on the list of the absurd?
Also, will the record of poor management decisions by every government official everywhere make the list of the absurd? For example, Flint Mi reconfiguring their water system to include high levels of lead in drinking water?
Probucks: +1