Here, take a look at the latest fake news from CNBC.
Implying that technical analysis applies to the sovereign bond market
If you’re new to this business, the first day on the job, get used to retards like in the above CNBC shitpost feeding you with sensationalist clickbait articles, purposely designed to trick you. An old partner of mine used to scream at CNBC during work, swearing they were trying to ‘fuck him on purpose.’ I’d say, ‘why the fuck would they want to do that?’
He’d reply ‘because they’re fucking jamokes that’s why.’
If you were hoping to glean some wisdom from my former partner, I am sorry to disappoint. But the point remains, they’re quite literally the worst people on the face of the planet.
Moving on.
Look, the Dow Jones Industrial average is going to crash because the 10yr bond is above 3%. That’s it — end of discussion. This has nothing to do with Chinese trade wars, or new treasury depleting wars in the Middle East. All that matters the swing off the resistance line and subsequent circle jerk and battle du jour between chart chomping motherfuckers.
Side thought: Why is Stocktoberfest East in April?
Carrying on, I think I will sell everything now and go 100% short in my trading account.
As you were.
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Cut through all the fake news to the real story…
The move higher in rates is being engineered by none other than Mr. Jeffrey Sessions in order to provide cover for his immediate prosecution of one Mr. Barack Obama for heinous crimes against humanity and, of course, being born in Kenya.
That last part is important. We all remember when Mr. Donald Trump offered five million dollars for proof that Mr. Obama was born in that wonderful East African locale.
Sessions is about to collect. And THAT is why the 10yr is now above 3%.