You’re all playing retarded, trying to trade this chop. This vicious cycle has repeated itself over and over since 2014.
There isn’t going to be a great big breakout.
This isn’t the beginning of a new bull market.
What you’re trading is late cycle economic waste, in the middle of a Presidential election cycle.
How do I know this?
For the love of God, the market has risen, almost without pause, since 2009. Since then, we’ve doubled the debt of this country, enacted psychotic central bank policies, transferred enormous wealth from west to east under the guise of globalization, all for the sake of trying to achieve 3% growth.
All we’ve got to show for the effort is $20 Trill in debt and a whole bunch of service jobs.
Meanwhile, back at the ark, TLT is higher by 10% for 2016. Compare that to the flat SPY and -5.5% showing for the NASDAQ, and I think it’s fair to say “The Fly” wins again.
Believe me, I’m not taking anything away from you stock pickers out there. There have been great trades and I’m sure many of you are up more than 10%; but most of you aren’t. In my experience, most people underperform the SPY. At least 70% of you are off for the year.
Commodities are raging higher today, off supply disruptions in Nigeria. You’ve got to be kidding me. This isn’t investable, in my opinion. It’s tradeable, but not investable.
Longer term, markets fall–because that’s what happens at the end of Presidential terms and failed growth cycles.
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Literally sold my place on the ark right before refreshing and seeing this headline.
No soup for you. Come back one year.
I will be back. I always come back to the ark. It’s just getting to the point where a selloff in stocks and in bonds wouldn’t surprise me. Maybe right after the Fed Minutes tomorrow.
Greenspan/Bernanke/Yellen are not in charge. Forget em. Whatever they say, whatever they do, it’s irrelevant to the mid term movement and that is upside in treasuries and downside in stocks till middle of September where the tides will reverse and stocks will move strongly up and treasuries will begin their decennial move down.
I sold every long pos on Apr 27. Now I am filled to the gills with SPY puts (Dec exp) and waiting the collapse.
Would love to hear your thoughts on MGT. Looks like a classic pump and dump.
Was just about to mention the McAphee rocket headin for the ditch ! Crazy shitz.
The fact that he probably is crazy makes it so much more interesting.
Is LOON a synonym for crazy ? 🙂
Line 6, “For the love of god”,
Everything we said #wesaid WE SAID exact summary of – – –
5 years ago, 6 years ago
Tlt has been good but what if we get deflation via rate increase cus the fed is cornered and they have to raise now while spx is near top of the range. Tlt will nt be good in that situation. Shorting equities or long dollar would be the trade in that environment. No?