TLT is nearing $147. You know what the means, motherfucker? It means shit is popping off in Fed land — people getting their whigs pushed back and BTFO.
Look at what the fucking NY Fed is posting on Twitter. These people are fucking morons.
One of the perks of living near the Bank? Every day is #Caturday as I get to spend extra time with my cats Margarita and Mojito. ?? #NYFedInterns #CatsOfTwitter pic.twitter.com/uD5Ufs7scF
— New York Fed (@NewYorkFed) August 15, 2019
So I got to thinking — maybe nothing is going to happen. Maybe this market will do a whole lot of nothing. Under those conditions, you might as well raise cash, hedge a little, and drink gimlets until Labor Day.
I am moving now, so I can’t drink too much. But I will partake in a gimlet or two.
Truth be told, this set up is confusing. LongTARDS will always buy until their faces get blow off clean. I am of the inclination that gold is the only asset worth buying all the time. Stocks are, for lack of a better word, dead. They have shot their load and are now coasting.
Worst case: NVDA misses earnings and the semis COLLAPSE tomorrow.
Best case: Trump tweets something wonderful and we blast off.
We are oversold and we can rally a solid 300 from here. Or, judging by the technicals, rates, and commodities, we can break lower and test the June lows — about 5% lower. If that happened, would it be the end of the world?
No.
Chill the fuck out and enjoy the scenery.
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I wore clothes inside-out today to celebrate inversion
I’m thinking of a GOFUNDME for $10000 for personal aggrandizement in GOLD INVESTING.
i think we may get a very minor rally Frday 60/40 – 200-300 on the Dow. If not we get into Fly’s can’t bottom on a Friday rule – which is perhaps 60% true lately. With a decent run i will capture my chevron which i doubles down 115.51 today. and if not, it and exxon are real-time give me-s at these levels having jut captured teethe ex divy – they don’t stay this low for long
With OPEC’s announcement, I’m guessing they will tighten supplies and drive the price of oil up at some point.
I went 8x down as the wednesday debacle ensued in a similar assortment to yours. We rule the day.
While I understand your optimism in XOM, I would be very careful. Look at a 15year chart.
Agreed. Brass balls in a blood bath is all.
The only thing that keeps me from being fully bearish is my suspicion that the PWB want Trump and his Rapturetard VP vs Warren et al and that they’ll order the Fed, Treasury, etc. to do what they can to keep things pasted together until the general. We may even see ABC, CBS, NBC, PBS, NYT, WP get friendlier towards Trump. On the other hand, they may have deemed Warren to be sufficiently pliable for their needs …assuming they can’t have Joe.
Trump has lost the media. Child separation, sh!thole countires, fine peopel, etc. can’t be undone. It’s too late for any apology to be taken sincerely.
For better or worse, Trump tied his 2020 star to the Economy wagon. Given the timing of the inversion, that star will be falling out of the sky (if it hasn’t hit the ground) by Nov 2020. The trend will not be his friend. However, full bear is always a tough fight, as 95% of the country (and its resources…) are stacked against you. Just buy bonds when rates go up.
dust