The beige book data indicated economic contraction, into early May. However, there were signs of a rebound in housing. Nonetheless, the data was Yankee bullpen shitty, with the overall theme pointing towards deflation.
Well, shiver me timbers, oil is breaking the necks of lower class commuters and the metals are acting as if “global growth” is back in full force. I realize, deep down, the next sick trade will be on the short side. I am sure there will be an empty elevator drop over the next 3 months. My plan, as always, is to be in cash, during such said events.
There is so much money being printed now; it will be hard to stop this runaway train. The new money is not only plugging holes, but chasing assets. It’s obvious, as well as evident, those fiat dollars are chasing stocks, like a gorilla in a banana tree.
There is nothing legitimate or legal about what world governments are doing, via manipulating prices. But, as a manager of assets, my job is to determine the future move in equity valuations, not bitch and moan about the fucked up nature of the collective printing presses.
My money is better off alongside the criminals than with the likes of you, which in a fucked up way makes me an accomplice to a crime against humanity. Try and catch me, see what happens, fuckface. I’ll knock your sideburns to the front of your head, then off.
Top picks: FTK, OVTI
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