I realize a great many of you want to make mountains out of mole hills, exclaim the ‘market has topped’, then ride off into the sunset a future billionaire, long TZA. Truth be told, this sell off is tepid, conjured up by the bowels of wall street, designed to scare people into surrendering their retirement accounts.
Sure, rates are going up and the rate of change is startling. The chinese economy is definitely slowing and commodities are indicating some sort of hyper-active deflation is lurking, just ’round the corner.
I don’t play these games anymore and the fate of the market isn’t up for debate.
I will not entertain your thoughts or guesses any longer, because they’ve proven to be money losers over a very long period of time.
Here is what is going to happen, to the exact detail.
The markets will weaken from late August until the end of September, luring a fresh batch of “Hugh Hendry’s” into the fray. Then, just when everyone gears up for an “October surprise”, they will all be ushered into the smoke pit, to the BBQ’d alive, coin and all.
“The Fly” doesn’t subscribe to your dire predictions. Instead, he deems you to be an idiot of the first order.
Let the wine flow and the people frolic. In the meantime, I will bide my time very carefully, plotting to reallocate my 34% cash horde into meaningful positions, like a vampire, drinking the blood of your families net worth.
My teeth are sharp.
If you enjoy the content at iBankCoin, please follow us on Twitter
Big money is buying SPY puts. I guess we shall see
Who is big money?
Soros
Could it not be a possible hedge against his long positions? Are the puts not something like 4-5% of the portfolio.
unlikely
I thought the PPT said we are oversold.
This short term forecast is sensible and in line with my own thoughts, hence its appeal. I am concerned with how widespread a view it is among the blogging kind. There will be an expensive variance to be sure.
At least one more nice ride up in the cards.
______
SPY puts are Soros’ biggest single position, but maybe that’s just a one stop shopping hedge. Although, I suppose even hedging is notable these days.
Soros is 150 years old and doesn’t make decisions anymore.
Except on whether he should wear his Depends tonight or go au natural.
“Au natural” reminded me of that movie Kids.
Inflection point action all over recently. Currency commodity bond lands are all on fire. The so called horse kicked cousin(equities) not so much. We will see who what where is right probably soon.
Listening to the german election no new tax and moar tax politicians is clinical insanity. They pay 20 dollars now for a fucking six pack. Cigs are also 20 dollars a pack. Can you say black market. Eurotrash politics is the wizard of oz meets starship troopers meets christmas vacation. Fucking WTF.
Quit drinking and smoking, and go for a run in the park. Then shower and go to a Beethoven concert.
LIAR!!!!!!!!