The market got fucked today; but I closed flat. I know you trollops like to see me suffer. But “The Fly” nailed this market and now there’s nothing for you to do but pay homage, fuck off, and shoot yourselves in the faces with howitzers.
I’m not buying this close, because it’s being built for suckers. Should we reflate tomorrow, I am certain EXK will surge higher. But the europeans aren’t doing anything. For the love of moving 150 boxes of personal items into a truck, they don’t even buy their own bonds. There is NOTHING redeeming about this tape. Therefore, as it stands now, I have no interest in buying dips.
I can make this very simple for you new-jacks: stay away from equities when TLT is going higher. There is a scarcity of dollars, as evidenced by the price action in TLT and UUP. Until the Fed takes an interest in reflation, trade gingerly (no homo).