Lots of stuff happening today. Don’t let anyone tell you today is a boring day. It’s just boring to them because they’re idiots.
Let’s examine what’s taking place.
Theresa May is an idiot. She called for early elections. She literally has nothing to gain. She said giving the libtards an opportunity to crush BREXIT.
This is boosting the pound like a motherfucker — up 1.5% so far.
Base metals are getting crushed, hammered to death. I’d rather not speculate as to why it’s happening, other than it is.
Copper is off by 2.2% and lead is off by more than 4%.
Sovereign paper is in demand. Yields are diving lower again. Risk off.
Both $GS and $JNJ are dropping like rocks, making up most of the losses in the Dow. In the case of Goldman, they traded like subhuman retards for the quarter. This is literally an anomaly. There are no tradeable narratives off the GS and JNJ misses, other than to maybe buy dips.
Sans GS and JNJ, markets aren’t doing much today. The dollar is off by another 0.5% v the euro, which provides our exporters with a marginal advatange. In short, the moves in the base metals are alarming, but only if they continue lower for several days.
From my vantage point, the overarching risks to the tape lie in politics, elections in France, UK and how Trump executes on his campaign pledges — and of course war.
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Shit! And gold is up and holding. I was hoping for sell-off. Being still in Easter mode, I was in the mood to buy some coins with cash. Aw, well…
The Fly keeps saying he left Wall Street. I suspect his removal was more like the experience of the good Dr. Dao.
LOL, good one. The problem with everyone is they always think they “know something”. I agree with Fly, I don’t know most things and I operate within the markets with that premise. What I do know is risk management, and when to double down and more. It has proven to be successful, evident by my eight figs in the market and also in real estate holdings.
Well, Fuck. Fly only has 7 figs in the market. You must be smarter.
This way of thinking is the problem, you poor schmuck.
Its not that I’m smarter, its that the fly is too smart for his own good.
It definitely comes down to risk management. We’re human, we can make mistakes, we sometimes make stupid observations and reach idiotic conclusions. It’s what you do during the in between times that can make the difference between being a market smith with 9-figures in the market and being a 4-figure piker.
My sarcasm evidently didn’t come across for ya.
CBrainard, like most Americans, looks up to any person who has money. I don’t know about thinair, but most people with 8 figures in the market did not make 7 or 8 figures in the market. Some made most of their money at their jobs. Some inherited it. But without knowing, you assume that thinair is smarter than Fly.
If thinair inherited every penny of his money, would he still be smart because he was rich?
This is how we got Trump– by people assuming that because he is a billionaire, he is smart about all topics, sane, capable of solving the nation’s problems, capable of learning how government works, virtuous, patriotic — none of which is true.
I was mostly mocking thinairs need to advertise how much money he has. Compensating for something of course he is.
what’s the overshit indicator saying?
I would welcome a sharp pullback. Im vastly underweight equities other than a tiny position in the HBM turd (thanks Fly) and and want to pickup some winners on a dip.
the unwind process is very fuckfull
The unwind process is what creates opportunities and makes you money in the long run—-assuming you have cash, some balls and a deaf ear to the market noise.
That is why I always want to be dealing in market leading, tier I, high quality growth stocks. Generally, when they get hammered you either get in or buy more. They will come back. The fund managers will always go back to those stocks. They have to.
Truth. It doesn’t help you if you are already “all in” based on some wacky theory.
market been makin cracking noise from a month or so
hopefully the vix is fed’ rigged as always
smart money left a while ago
funds unwinded fed starts unwinding summer at the door
1+1=0
if the vix close the gap @ 14.10 and keep descending it may be we have another last very last push up or rally
tvix is a monster
no Bid at moment
slow and down
Smart money optimism is currently rising , while dumb money optimism has been falling. Looking for the turn this week, though my timing might be a little off.
smart money is enjoyin holyday with epic gains at moment.. come back after 20 Aug