Asian markets are down tonight, getting lightly browned ahead of the American NFP numbers. But you and I both know that this has nothing to do with that, right? The market is topping out. Seasonally speaking, we are supposed to yearn for better days, right about now. Even an idiot knows to steer clear of high beta stocks after the SOHN conference.
Why?
I realize some of my readers are young punks, addled by psychotropics. So, let me explain.
After the SOHN conference, the Wall Street aristocracy get inside of their calashes and feverishly whip their horses, so that they will run faster (duh), in order to race towards their destinations. Mostly, these elite arch-nemesis type characters head towards sandy beaches and places of great privacy, in order to consume gorilla sized amounts of alcoholic cocktails and bags of cocaine.
For the most part, their funds are left to be managed by skeleton crews, the very lowest of the low. These people are practically scraped off the pavement to man the turrets during the summer months. This is why unforgivable accidents occur from May through September, flash crashes and market malaise. It’s because they’re not really permitted to take on risk; otherwise, they’d get beaten about the chin with a cow-prod. Also, and additionally, for the most part, these junior reps have no idea what they’re doing.
This is all fact, practically scientific.
So that’s why Asian markets are getting fried rice’d tonight.
If you enjoy the content at iBankCoin, please follow us on Twitter
That explains a lot! Thank you, sir!
Oh, and we call it a “cattle prod” out here in Colorado—because it’s used on both cows and bulls.
how about all the seasonal jobs from tax season coming to an end each and every year.