German, French, Swiss and Netherlands 2 year bond yields are NEGATIVE. That means bond holders are paying them to take their money. What a wonderful position for a government to be in, no? Oil prices are plunging again and we are setting up for a rally?
Let me now warn you of a very ominous fact, regarding this market. Since 1999, the only two times the Nasdaq went down in both september and october was in 2000 and 2008. In both years, actual centaurs, beckoned from the pits of hell itself, were presented on the exchange floors to kick in the faces of investors, globally. Not only did stocks trade down sharply in October, they tanked in November too–off by 22% in 2000 and -11.4% in 2008. Moreover, during both years the United Steaks was thrusted into deep recession, the sort of economy that made people cry.
I see the futures are up this morning and all of you are wearing your hazmat suits to work today. Ebola stocks are all the rage and nothing can stop them from lifting by 30% per day. But ask yourself a question, just prior to buying them: “am I out of my fucking mind?”
The Islamic State is on the move, just 8 miles away from Baghdad. In Kobani, a kurdish town bordering Turkey, they are on the verge of overrunning the city, despite US air raids. There have been reports of genocide being committed there, with “hundreds of headless corpses” litterering the streets, some with their eyes gouged out too. All of this is occurring, while our dear NATO ally, Turkey, watches from their tanks. What the Turks don’t realize is that after ISIS finishes off the kurds, they will invade the Turks and cut their heads off too. These people must’ve been forged in middle earth, created to wreak havoc on the human race. To just stand by and do nothing is almost as bad as committing the crime itself.
Having said that, the futures are higher and we might capture some of our coin back today. However, I am starting to get the feeling that rallies should be sold into.
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