As I watch China getting their brains punched in, down by another 6%, I am delighted. Why am I delighted? Am I a very sick man?
Let us revisit our recent history, shall we?
All of these declines in stocks and commodities have always resulted in one thing. What would that be?
QE, bitch.
Right now, as we speak, Grandma Yellen and the Federal Reserve are plotting and scheming to fuck up your shorts. They will act and pull the rug out from under your filthy feet when you’re leveraged most. How do I know this?
Again, we are saddled with $20 trillion in debt. Rates will not go up, ever. Moreover, the central banks have demonstrated, with insane ferocity, that they will do ANYTHING to reflate stock prices.
Read that again.
I am not saying they are interested in global growth. They want higher stock prices. It’s their hail mary pass, an attempt to create a “wealth effect” that will ripple throughout the economy. Thus far, they’ve been unsuccessful, so they cut oil prices in half. Maybe that will work? Give it a year and then judge.
But one thing is certain: the trillions of dollars that have been committed to the stability of markets will not be derailed by the butt-fuckers who reside at the ass-end of europe.
This market that you see here is an illusion and is transitory. Once this issue is dealt with, markets will roar higher and not look back.
I am going to keep adding to positions into this tomfoolery and will leverage into sharp declines, if need be. This is the trade of 2015.
NOTE: Yes, it’s true, Exodus is flawless in timing OS signal over the past 6 months, having nailed one this afternoon too.
As long as the Chinabeast remains contained (about where it was in Feb, or higher) this probably is a great contrarian buy(as long as it’s breadth that reverts and not price, from this divergence of 2015).
All shall be answered by July 20th I assume, right when US earnings season is picking up! 😀
Once again humans never learn from bubbles
We’re about to uppercut the fuck out of this little down open courtesy of the last big down for a while from China. Dijsselbloem Unchained is up to something.
I’ve got you covered, right here, Dr. Fly: https://youtu.be/oL-m66wy6D8
“Mehhh see, I watched that video see, and now I’m talking like this see.” (holding old phone speaker to ear and microphone to mouth)
??? It was supposed to make you dance….
https://youtu.be/E_8IXx4tsus A more modern option for you, still over 30yrs old, though.
Exactly the kind of post that makes me love iBC. Just raw insight. Thank you Fly.
You love the greed of a rigged casino
Word to your mother
Awesome. They will get the shit right. At some point. Timing is the bitch.
18.3trillion + growing. Pe’s + unaffordable housing growing. Buybacks + margin peaking. America you are fucked + you know it. [ i am new england born ]
Fuck China and every last one of its gay dragons.
They shall be maced!
Janet Yellen: Will she or won’t she? Your post makes sense which is exactly why the opposite may happen.
Altho – You are always right.
Really enjoyed that Sibelius piece…very beautiful!
My favorite classical piece. In Finland his birthday is a national holiday.
we havent heard from your buddy rick ross since he went to jail
The economies of China, Greece, and the US are all the same. Their public relation efforts are the only real difference.
Ugh, can’t it be 2PM EST yet?
BTW good title for what will probably be a notable day in a historic ass week.
Waiting for your entry ALL DAY! We got beaten UP today & nobody has a decent excuse? What a pile of @#$. Something doesn’t smell right.
( gee didnt i say that yesterday )
They say China hacks. But also just overextended bull with no stock buybacks until after earnings and no official FOMC voodoo until next week. AA should help let us know if it’s a large dildo or a cold beer behind door #2.
repent…
CHAU ftw
From you(Fly) June 11th > “I know, gold is fucking so retarded and I still hope all of the gold miners fall into deep crevasses and perish under volcano ash.”
I think your hope is coming true > Gold miners can’t even make money with extra copper anymore. Also gold seems to not be providing a market hedge anymore… GDX puts or DUST ftw.
Stay safe out there folks, lots of uncertainty. Its one to three months in a year where investment accounts need to avoid the blow up. This may be the start of that period !
Never invested during the internet bubble, but I guess I can say I am witnessing the unwind of the CHinese Burrito Bubble. China A Shares Futures fighting for its life. http://www.investing.com/indices/china-a50
And here come the fade, enjoy the show folks
And there goes the fade