At the end of the day, we’re all just dust and shadows. The Federal Reserve, led by a maniacal psychopath out of Brooklyn, has destroyed a long and rich history between the world’s leading central bank and global markets. Because of this, the end of the world shall commence.
For those of you interested in saving yourselves, there is still room left on the ark. Last I checked, TLT was trading at $126. Granted, I got onto the ark at $120 and have been enjoying its comforts ever since–lodged in a specialty cabin, adjacent to some zebras and parrots; but there is still some room next to the anacondas for you and your family to seek refuge.
Never say “The Fly” didn’t look out for your well being. This is all being plotted out, methodically, inside of the hallowed halls of Exodus.
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Maybe Kudlow is right that the Fed is freaked out by the markets. They made a mistake and everybody in the market knows they made a mistake. So they are going to just stop doing things. But the market went down, because people would prefer transparency. The Fed can’t be transparent because they would have to say “We made a big mistake that proved that we have no clue what we’re doing. So we’re stopping doing things for a while.”
They’re like Donald Trump. They can’t stand to admit it when they make a mistake. People are trying to figure out what deep dark secret the Fed is hiding by not being transparent. But that’s all the secret is– that they can’t stand to admit it when they make a mistake.
frog, the mistake was the rabbit hole of perpetually lower and lower rates for growth, that was 5 yrs ago
The Fed was damned if they did and damned if they didn’t
New highs await once the dollar realizes that it shouldn’t be near a 13 year high.
Deflation, and yet the dollar is near a 13 year high.
Anyway I would imagine that corrects itself to some degree shortly, at which point people will get all bulled up on tech because of the FX losses they’ve had to take recently, and that will launch us to new highs pretty quickly, at which point the chart people will all sell and we’ll get freaked out again about the economy that never recovered and the Chinese’d people that can’t figure out communism [you manually price indices at the end of the day, choose winners and losers by hand, like real communists].
It wouldn’t be surprising if that’s what the Chinese are doing. People were thinking that the Chinese market is a normal market like capitalist countries have, and like some of the part capitalist and part socialist countries have in some of the European countries. But they’re not. The Chinese leaders control everything they can control, and keep trying to control other things that they can’t control. If they want everything going on in China to be a secret from everyone outside of China, then they will make it so.
Agreed, but they’re awful at it. They need to create a bureau that literally prices individual stocks and indices throughout the day with fake numbers. People can invest real money into these market and they may win or lose, but the markets will never become uncontrollable and crash. They need to be better communists for the good of the world.
$NUGT and $AGQ bitches. Oh, and platinum everything. Also $DRYS. These purchases ($NUGT as $GDX for long term) will pay well throughout the year I bet.
Yes now is time for da gold.
lol. love this blog Le Fly.
TLT up is a surprisel.The US buck up with these low rates-
well lets all fuck a duck. The complete lack of faith in
all gov’ts ((except US )world wide is astounding to me.Does
everybody want somebody else to pay their bills. I’ve not
been worried about oil and gas defaults but mass sovereign
defaults will completely clean us out(Fly and Blue and showtime
Excepted.
There is not a lack of faith in governments. There is a race to the bottom to have the lowest priced currency. A low priced currency makes a country’s exports more competitive– cheaper to countries like the U.S. with a higher priced currency The U.S. doesn’t care because we hardly manufacture anything any more. Go to a store & try to find something made in the U.S. But other countries do manufacture stuff so a low priced currency gives them MORE confidence in their economy.
FB says, Not so fast!
why do you think Exodus brought you into the market prematurely? Clearly the long SPY positions have been wrong. the TLT hedge has been right.
Simple. The oversold threshold was too high, trained by a market that hasn’t gone this deep into OS territory since 2011.
Now that the system has “learned” these ranges, it will not be tricked again.
It’s important to note the historical OS signal timed the inflection point well during this squall.