I’ve got a couple central bankers sitting on the one shoulder, and my own self respect – chewing my ear off from the other.
The insanity continues, as day after day I find myself coming closer and closer to an actual “emotional response” to this madness. Like I actually give a sh#%t – short of the tumbling numbers in my head and the inevitable completion of the spaceship on the patio. It’s all about money – that’s it.
I’ve had my mind made up about “how this is gonna go” for some time now – as this “prolonged agony” is starting to cut in on my snorkel time.
My problem is – I just can’t pull myself around and consider a bullish view as Central Bank stimulus continues to fuel this disconnect from reality. Nearly every single data point out of the U.S points to inevitable disaster, as even China’s numbers continue to “disapoint” – yet day after day – the “bad news is good”.
Fundamentally – I’m stretched to my limit, and have little choice but to book profits and sit on my hands a day er two.
Kong in cash.
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@Kong, Good post. I agree, the bifurcation in the market is reaching extreme levels all the way around.
Thanks Chess.
No sooner do I start squawkin about, and the markets actually “do” reflect a bit of the fundies today! – I welcome it!
For me…when the fundamentals aren’t in line – It’s touch getting too excited about a trade.