I tried to play your sordid catamite games, looking for silver linings, pretending the world isn’t on the precipice any longer. But I can’t do it anymore. You’re all doomed, fucked in a burlap bag and beaten to death like a few lumps of ice.
LISTEN TO ME: your ramp that you love so dearly will be gone. Poof, like a whisper in the dark and then into the crevasse. Vanished.
Your little respite rallies are finished. The days of when you could trade XYZ for ABC are over. You will either board the fucking ark, or drown.
Crude is down 4.7% right now. This is the end of days scenario. The road runner has been killed. All is lost.
Moving on.
German bund yields are back lower gain–down to -0.172, reversing earlier gains.
USD/JPY cross stands at 100.73, down 0.6%.
Do you know what that means?
Wait for it.
.
.
.
FUCKED.
The pound is lower. Gold is lower. The Dow is barreling towards -100.
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Crude has fallen to around its May 9th level. That could be support. We’ll soon know.
If BHI reports a rise in rigs again tomorrow, expect more pain.
The transfer of money from your account into mine will go directly towards a RUSH LIMBAUGH cause.
lol
rofl
I am not in crude long or short, either one. I don’t expect it to skyrocket or crash but to trade in a range.
Giant bearish engulfing candle. Textbook.
Bonds still cheap at any price.
nice av
Unfortunately, the ark is trading at $142.40…the equivalent of boarding at the basement of the ark, filled with the shit from the above creatures. Not to mention first death if/when the ark takes on water. No thanks. I’ll opt for pure cash.
Any idea where TLT will trade once treasuries hit 0%?
Do the math.
Time to stock up for tomorrow’s Gartman On CNBC drinking game.
One shot for every use of “contango.”
Two shots for every “egregious.”
Swap out the whiskey for arsenic for any use of “bullish reversal.”
YAWN until the high yield market follows suit which so far it could care less about your DOWN 5% on crude
The high yield market thinks that crude is just bouncing around within a range. And that is correct.
Emergency rate hike NOW!