Today is not the day to try and make your bullish stance. Step aside, let the big boys slug it out.
Yours truly was marching behind a 10 ton selling tank and using my bayonet to stab any stray bulls. I did this until we met the hypo 2 target from this morning’s report. That was enough gore for me. I needed lunch and respite from the action.
Since then I have been surveying the pitch from the sideline. What I see troubles me. The bear tanks are still tracing precise lines across the field and effortlessly gunning down the isolated buyer groups. Good god men, stay in your bunkers. There is no backup coming. Your leader, Fed Chair Yellen is dehydrated and reeling from the carnage. We haven’t been able to reach her in days.
Just sit put and perhaps the French will save us. Until then, plan for more pain tomorrow.
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Yo homie, look for a pro gap lower, bounce from 1850 then fade kid. New environment players need to adjust or perish. GLTA.
Are you patronizing me?
Might be something to the “french will save us” if a higher euro = higher US equity prices. It sure worked that way for a long time. (Long the EUR via futures)
hmm…..