CNBC dragged out the absolute moron, Leon Cooperman, out of the wood-works today, in order to attempt to buoy stocks. They did the same shit last week and it worked. Today, not so much. At the crux of Leon’s inane arguments was HFTs and how ‘these electronic guys’ were hurting him.
FUCK OFF CNBC.
I am seeing some indications that the crisis is entering meltdown mode, which might be good for a reversal at some point next week. I bought some Yen, via FXY — because Yen-carry trade and all of the wondrous things that come with. The downside to an unravel is income oriented stocks, like REITs. Hence, I am short them via DRV.
My new positions are NUGT for defensive purposes and also XLU, also for defense. I am 50% cash and WILL NOT buy any stocks until oil and high yield bonds stop going lower.
If you’re interested in The Capstone Programme, I have 10 hours left. I’m already pressed for time and I take these sessions very seriously. I can walk you through this stuff and explain to you why you need to worry and how to position for extreme death and agony. If you have questions about it, email me flybroker at gmail.
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Take a look at AAPL
NO
Build the steel slats! And make Mexico pay for it!
FWIW, not a bad idea to buy some /ES calls slowly till tonight/tomorrow morning.
I’m psyched:
Holding small amounts of LLY and GLD, the rest is all cash with decent gains from the last bull run.
Tremendous opportunity coming in months ahead with Exodus research, patience, no desire for whipsaw and chop.