Prepare for your trading after-life now, for the next sell off will knock the fucking smile clean off your smug face. I understand that you’re programmed to believe markets will always get bid higher. After all, the Fed and virtually every central bank in the world are working towards asset price inflation. The only problem with this scheme is that it’s contingent upon corporate earnings remaining benign.
Nothing could be further from that reality.
Look no further than Apple, Nordstrom, Macy’s and any number of energy stocks as evidence that the economy isn’t nearly as robust as you’ve been brainwashed to believe.
Futures are lower by 52 right now. Asian markets are down about 1%. Today’s rally off the lows was born in the degeneracy of the ‘oil pits.’ January through May are, traditionally, exceedingly strong months for energy stocks. As we head into the summer and the warmer climes wane on the feverish perversion taking place in ‘the pits’, prices will falter, the rally will end, and the merriment you’ve enjoyed since February will be revoked–sending the lot of you retrogrades to wallow in your misery–a 5 time loser of the very first magnitude.
If you enjoy the content at iBankCoin, please follow us on Twitter
Stationed in The Ark, small private cabin purchased early January, just waiting for the tide.
More energy tonight. Good job!
but….. biotech? 🙁
Long yen…despite the BOJ claim that they can and will water it down, no matter what. Liars, all of them.
Too many rabbits and Things get dirty and lead to black plague. Shit is rotten and the fed know it that is why they are talking this market down now at the top of the range. Now we test 1800 spx.
Not to worry – Bulls will be saved again by the CB “Magic People”
From Bloomberg; Vasiliauskas, who heads Lithuania’s central bank, said in an interview on Tuesday in Vilnius. “But we are magic people. Each time we take something and give to the markets — a rabbit out of the hat.”
I am 250%short nq and rut. I will smiling if we hit nq1000.
Cash has been creeping up in all models for the last few weeks.