I do find it quite humorous that the IMF boss was pulled off a plane, like a dog, charged with rape and sent to spend a few nights with NYC’s homeless at the tombs. This is a guy who was supposed to be the next French President. Now he’s a fucking rapist. LOL
It doesn’t matter if he is guilty or innocent, for he will always be considered by many a rapist. Whatever plans he had for the future have been permanently canceled, in exchange for prison time at some butt fuck factory in NYS. Maybe his real crime had something to do with Greece, Portugal or Spain. It really doesn’t matter. All that matters now is JP Morgan and Goldman Sachs are firmly in control of the world’s money supply.
Having said that, I am a seller into rallies, until the QE3 shit is clarified. Frankly, I cannot be bullish, whilst the US is devoid of treasury buyers. All of the POMO money will be gone. It will be like a celebrity shindig sans the cocaine. You can’t have a rally these days without cocaine (POMO), as you are well aware.
So, to protect my assets, I am cash heavy and long TLT, with a hedge against my silver stocks via ZSL. With regards to my refiners: I am pretty much catching gravity hammers to the skull. But what am I supposed to do, ignore the past 3 years of market bliss and sell everything? I do what I can, without getting all burlap’d and shit.
My ideal scenario is to get a hybrid score in the 2.50’s in The PPT, enabling me to buy dips. One could make a very good argument for lower equity prices, in order to flush money into treasuries. The only way to build internal/domestic demand for treasuries is to take away all available options.
Here is my checklist:
1. Real Estate- check
2. Commodities- getting dicey
3. Checking Account- check
4. Equities- not yet
5. Corporate Bond market- still good
When all of that shit above looks bad, people will do “The Hugh Hendry” like a motherfucker, buying up lots of TLT as if their heads were on fire and that shit was fire retardant foam.If you enjoy the content at iBankCoin, please follow us on Twitter