I knew this shit was going to fall apart. It’s all bullshit; can’t you see that by now? The days of perpetual cocaine runs are over. This new version of POMO is different. It is luring bears into a false sense of security, in order to execute them later. By that time, most of you will be bankrupted.
I am down more than 1% this morning, giving back half of yesterday’s gains. This being the final day of the quarter, everyone figured we’d melt up. I knew we’d melt lower; but have opted to endure the pain and agony of capital losses, as a form of punishment, for committing the heinous act of gluttony.
Nevertheless, this is not a market fit to sell short. There is overt central bank manipulation. How do you expect to survive in shorts when there is so much widespread corruption? You cannot.
Over the weekend, expect China to introduce stimulus, which may pave the way for another round of short squeezes next week. Eventually, we are going much higher. But for now, we need to clear out the Qe3 buyers.