How terrible is this tape? It’s mugs filled with black smoke and chards of metal, all over again.
Aside from VHC, we are in “full retard” to the downside mode. I am keeping my 45% cash position until the blood is freely flowing in the streets. Make no mistake, I am not immune from this catastrophe, as I too am bleeding out in a number of stocks. But let’s be honest, shall we?, I’ve out-foxed you, yet again; and now find myself in a superior position into the teeth of this grinder.
If you want to know why we are melting down here, you are asking the wrong questions.
This is summer malaise and US growth is stalling. Clearly, there are many problems in the world, scaring fuckers into odd lots of TLT. But let’s be honest with one another, shall we?: stocks are trading down because Bernanke didn’t do another round of QE3.
We need that shit to breathe. The policy responses by the Treasury and Federal Reserve have made us into weazened printing press addicts. You know it’s pathetic and denigrating; but the press is so fucking cool, I never want it to go away.
This too shall pass. Be patient.
13 Responses to Enjoying “the Fiscal Cliff” Yet?
AZO beating the shorts into the turf once again.
DMND still has the vice-grips in hand, ready to crack some nuts.
TLT to $200 to make one more 2012 prediction?
I’m enjoying this tape quite a bit, thank you sir. Of course at this point I’m simply making up paper losses. But I think the odds of a $VIX move to 50 or more grow by the day. Then I shall be enjoying not only the tape but quite copius paper profits as well. I’ll just have to remember to not overstay my welcome on the short equities/long vol bus. My only regret (as is customary for me) will be that I stayed Pee Wee (no Herman) on my short equities/long vol positions.
VIX is barely moving – which raises likelihood of crash scenario –
Amazing to see this level of complacency
$VIX = coiled spring, imho.
Señor you like RNF in that shit space?
bought GLW and NVDA.
Sold DGX. (yesterday of course. before this short squeeze.)
Let it go this too shall pass,,,
we r down because no# suck. where would u put more money to work? tres r threw the roof, i think qe will have little affect. imho.
CPST is up on good volume today– you still have any? JMBA too, people need a good cool beverage.
Your new ‘manour’ was hard to swallow, but ‘chards’ of metal, as in mugs of salad? It just won’t go down. All jesters aside though, accolades often thought were never sent. It’s with great delight that I almost daily feed on the hearty crumbs of your rich intelligence. Your images are fat with implication, and your oppressive ego completely tolerable because it seems entwined with an even larger honesty. Pleasure.