Not Bad Enough
A milquetoast jobs report was exactly what the bearshitter ordered. As a result, markets are in plunge mode. I am not sure these numbers were weak enough to warrant any Fed action. Better late than never: now is a good time to step aside and watch the carnivale clowns throw fire bombs at each other.
Do I really need to be stock specific?
My 25% cash position will be bigger by the end of the day. I don’t have time to fuck around with bullshit and would rather cut my own head off than manage money through another swoon.
UPDATE: I sold out of CMI, bringing my cash position to 40%.
UPDATE II: The market is too oversold to short, so I will do nothing.
UPDATE III: This is why I am not shorting.
The PPT Algos flagging OS on QLD.
12 Responses to Not Bad Enough
Black smoke from the old iron smudge pots.
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FIG…..Newton.
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Such an overrated farce
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Well let’s hear your brilliant ideas.
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knock half off all mortgages, globally. jubilee has already happened at the banks.
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Whither silver?
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I’ll wait.
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From up here in the heavens looks like the market has a long way to go before even being considered oversold… My guess would be an S&P 200 one might consider a small touch over sold…800 on the Dow I might consider that also….
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A true bearshiter, LOL.
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Smoke on the water…I sold 90% of my VIXY
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Please enjoy my CHK position…
It must “kill” NBC everytime Rick Santelli goes off on what a “shitty” job Obama is doing…
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V.King.
We need more pronouncements (read posts) in addition to your apropos gospel commentary.
By thus word, hail!
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