Based upon the laws of mathematics, the market is going higher, at least in the interim. Members of the illustrious PPT have been alerted to oversold conditions in both TNA and SPY and know, full well, we are due for a bounce. Whether this bounce is caused by news or rumor is immaterial to me. What is important to note is nature of the market, tethered by certain rules, invisible to the common eye.
A great many of you think you know things because you look at trends lines or have done rigorous research into the shadow banking system. The truth is: you are amateurs. Try doing this for more than a decade, successfully, then get back to me, pal.
Instead of reading this shit, wasting time on the computer, you fuckers should be cold calling. Do it with a smile. I hear the smile can be picked up over the phone, whilst closing someone for 1,000 shares of FB.
EXK is down again; but silver is somewhat stable. This is what I expected, after seeing yesterday’s dump-out. I am down 6.8% from my initial basis. As planned, I will double down at -10%.
To be honest, I don’t want to put anymore money to work here, ahead of the EU summit. Those people suck. I will gladly accept some easy fought gains, with a light allocation, than have to sweat out some currency crisis, depending on the caprices of Queen Merkel.