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.
Such an overrated farce
Well let’s hear your brilliant ideas.
knock half off all mortgages, globally. jubilee has already happened at the banks.
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….
A true bearshiter, LOL.
Smoke on the water…I sold 90% of my VIXY
Please enjoy my CHK position…
It must “kill” NBC everytime Rick Santelli goes off on what a “shitty” job Obama is doing…
We need more pronouncements (read posts) in addition to your apropos gospel commentary.
By thus word, hail!