BLACK MONDAY LOOMS *

Early this morning rumors of President Xi being placed under house arrest made the tin foilers on Twitter go fucking nuts. Then we had rumors of war and Blinken meddling in Iranian affairs — providing “INTERNET ACCESS” for those who wish to overthrow the Iranian govt. It’s an endless stream of fuckery and on par with crisis.

At the core of this current squall is DEMAND FOR DOLLARS, best seen in FX market crosses in Europe. The dollar is at 37 year highs against the pound and drilling the Euro on a daily basis. We also saw USD/CNY cross at 2015 crisis lows.

Let’s not forget SHMITA.

I had 65% cash into this absolute carnage and had been adding to just 3 stocks: TNA, BTU, DK. I got drilled to the tune of 2.8% today and I took a 10% UVIX position at the close, in order to prevent a truly horrible Monday crash opening. If God is great, American stocks will crater on Monday to the tune of 25%. Under the present conditions, the VIX will skyrocket and my losses will be manageable. I am most keenly interested in buying and drinking the blood of those letting out. At my core, I am a Vampire and hail from Transylvania when markets careen lower. It’s important to never panic and always keep composure. But most importantly, it’s imperative to NOT be fooled and go all in for some final battle as if this were a fucking movie.

LISTEN TO ME: PAX AMERICAN IS OVER. You will have plenty of time to SHORT THIS SHIT DOWN TO THE 2009 lows, 82% down from here. But before that happens, we’ll have a symphony of true believers, late empire shills, running out into the hills to pick strawberries for their villagers. On their way back with baskets of fruit and cream, their arms will be cut off.

The hills will bleed.

HAGW!

YOU WERE WARNED.

You chose not to listen. It’s all your fault.

Remember when oil was negative $37 per barrel? The price action isn’t as bad — but algorithmically today’s pin action is on par.

I do not ascribe to the fact that “this time is different.” I am hammered for -2.8% with 63% cash. My stratagem is of the Martingale Varietal. I shall endeavor to AVERAGE DOWN into the maelstrom and continue to buy as we circle lower into the sewers. I understand and acknowledge that President Biden is the biggest piece of shit to have ever been born — but mean reversion and markets sing to a different tune and right now PANIC is setting in and plebs are RUNNING for cover.

My best guess is for a CRASHING OF THE CLOSE, followed by a CRASHING OF THE MARKET ON MONDAY, at which point I would have likely tossed in another 15% of my assets into the fires.

I always marvel at the grande stupidity of numerology fags, placing credence into numbers like 33 or heaven’s forbid 66. The year of 2022 happens to be a very important year for these psychos and it’s part of the SHMITA cycle.

All that aside, we inside Stocklabs were given ADVANCED KNOWLEDGE of today’s crash a month ago. The end of the crash will culminate on Monday, at which point your portfolios will be entirely dead.

Fun facts in regards to the Stocklabs mean reversion algos.

We are most oversold since 2008-2009. The percent of large cap stocks bullish reading is the second lowest on record.

The Chinese Yuan is down 0.85% v the dollar, the lowest since 2015. We have a true and palpable crisis underway. The US 1yr is now yielding 4.10%.

It says “it’s over” is a gross understatement. I’m only buying here because we are in panic mode. But after this panic subsides and we have the economy to observe, it’s gonna get a lot worse before it gets better.

Inside the Pelican Room we were given advanced knowledge of the specific day markets would crash: 9/23-9/26 — all to do with SHMITA. On this news we are buying the blood and attempting to extricate a win from this, on the long side — which is retarded.

I added to my TNA holdings this morning at the open and now bore witness to a horrible blood letting in both markets and specifically energy. We have a full fledged rout underway in oil (-5%) and the euro is down another 0.7% vs the dollar.

We are pricing in something awful and the June lows loom.

I netted out +18bps today because I am a professional. See pal, that’s who I am and you’re a piece of shit.

On the matter of stocks, we have respites found in risk averse names like CL, CPB, SJM and TR. We have quality monies barreling into BIG COAL: BTU. We have a widening spread in Brent-WTI helping refiners mint money. I am long DK.

There are a billion reasons to panic, only one reason to buy: greed. There is no fundamental reason to own stocks now and I expect this sentiment to crest tomorrow, possibly Monday. Today’s dabble into fear is only the beginning. BRACE YOURSELVES for a deleterious heart stopping decline into what will be described as an 8 year market cycle calamity.

SHMITS is here lads. It’s almost over.

COLLAPSED CLOSE

This is precisely the type of tape I want to buy into. When traders who were formally permanently bullish give up hope and acquiesce to market forces, I buy their blood and drink it up. We have FX dislocations, market pricing shenanigans and most importantly the treasury market is in flux, with bonds PLUNGING in price. This will have a deleterious effect on our under-funded pensions, such as the States of NJ and CA.

But that’s for a later discussion.

When we are talking the end of Pax Americana, our timeframe is a decade — but it’s happening now and has been happening for over a decade. Our influence is waning and China is ascendent. But nothing goes up or down in a straight line and we are approaching levels of apathy that make for an appealing buy the dip moment.

I usually buy at 5% increments, but will now reduce that to 2.5% in order to achieve flexibility.

Congratulations plebs, we are finally oversold. Markets have been twisted into pieces and the yield curve is completely fucked. The US 10YR is +17BPS to 3.68%. This is a crisis styled move and I’m here for the blood.

However, and this is really non negotiable, I will not be selling short over the next week.

I’m 100% cash, +36bps, waiting for an entry on the long side.

We are already down 30%, but we have a lot more to go. I propose we hit the COVID lows, perhaps a sojourn of -40% lower from here to really place in a hard bottom.

Oh you don’t like those prices? You scum will pay for your insolence via sharply lower prices.

How does it feel to know your career as a “trader” is over?

I was not fooled today, not even once. I closed at session highs +57bps smartly positioned for the fires to come.

It was the most hawkish Fed meeting since Volker and markets loved it. Markets loved it because the people in the markets are retarded and cannot be trusted. I traded in and out of upside and downside ETFs, doubled up on my commodity trades and now find myself just about FLAT for the session. I have yet to determine which direction the market will close and more importantly — what is coming tomorrow.

ALL LOGIC points to incredibly lower stock prices from here. Powell doesn’t give a fuck about stocks and quite frankly wants it lower. The reaction to stocks is telling, and foreboding. It’s basically on par with a decadent society of soft brained fucking idiots. But I’m not mad, really.

POWELL WANTS TO HURT YOU and slow the economy. This is not a reason to buy bonds, stocks, and jerk off to sharply higher rates.

But here we are.