I know very well that if you were unfortunate enough to not have liquidated 100% out of energy names back in August, you are already aware of this. But for those of you who weren’t playing the insanely popular and theretofore profitable positions in the shale boom, let me let you in on a little secret.
This is a bear market and everything is going to go lower.
The EURUSD is now below 1.20. This is worse than at the height of the 2011 Eurocrisis. Indeed, the Eurocrisis never really ended. It was buried in a series of complex trade balance mechanisms, attempting to absorb the blow from the forward month expirations of the European bond markets. That staved off judgment day until…right the fuck now.
As I said long ago, the euro and the dollar are destined for parity. Europe is a rotting corpse, and they’re going to stain us once the bloat pops.
Until proven otherwise, this is a no-buy market. I am 75% cash and probably will sell the slim pickings I grabbed anyway.
I would appreciate if any reference to the oil market as being manipulated would stall. For you see, oil is not collapsing because of some insane gambit by religious fanatics.
It’s collapsing because we’re about to have another recession.
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I’ve been saying that spiraling commodities are a symptom of drastically slowing world growth that will eventually affect the US for months now but all I get in response is arrogance and laughter.
Stocks still 3% of all-time highs though?
Yes, the US is immune to the rest of the world’s problems
Commodities will continue to unwind and stocks will continue to go up.
Started scaling into EUO. A little late, but dont see the trend bucking any time soon. I am averaging into HACK etf too, if the market does stay propped, i like these in 2015. Terrible 2014 year, not going to repeat mistake of building up poisitions too quickly
The US is probably fine. China, though, perhaps they are the big shoe to drop.
Don’t want to get too freaked out. Will
watch job growth in the U.S.A and
let that be my guide.
After the last few months the main thing I am trying to avoid is more knee jerk reaction. Hard to resist the urge to take what profits there are to be had at this point.
Managed a .02 % win to finish 2014.But
I want thank you for leading . We get
to read your ideas before choosing to act.
I think sometimes we get an advantage
because of our buying and
selling are private whereas your moves in the open are both mocked and cheered and it must be hard to hold your emotions in check when you need to. Forward and onward Mr. Cain.
excellent article on the decline in earl
http://oilprice.com/Interviews/The-Real-Cause-Of-Low-Oil-Prices-Interview-With-Arthur-Berman.html