The Drama Queens are out and about this morning, worrying about everything. TLT is simply through the roof, defying all of your silly notions of inflation. And, the currency situation is a small mess again, with yen and dollar strength/euro weakness. With oil down and TGT sucking dick, it is possible to see some weakness permeate today’s tape; but is it probable. What’s important for you to consider, at this very moment in time: is someone trying to steal from you?
Why, I think if you’d investigate, you might conclude: indeed they are!
We are sort of programmed to ignore anything that happens in the summer and discard it as “typical August bullshit”; are we not? But the things that are transpiring are very real, which leads me to my next point. What the fuck is gold doing at these lofty levels? And, secondly, why is the market pricing in both inflation and deflation? Talk about basket case.
Taking all of this into account, I’ve concluded one thing: the market is simply too dramatic. It’s plain ol’ vanilla gay and you really should not think about it too much, else you might die from an aneurysm rupture on your aorta. For now, put the macro stuff on the back burner and focus on price action. That’s the only thing that is real: the price something is selling for right now.
With my money, I will hold onto recent longs, as my belief system values the notion of a trade-able bounce, despite this mornings weakness—precipitated by a TLT spike. Nonetheless, I still have my insurance policy, via VXX, out there, in the event this market starts to get gay again.
In short, watch out for an upside reversal.
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FIG
This market is very week. The close yesterday was weak, and now today, we had higher futures, but the market dropped at the open. I started a new position in VXX.
You all doubted the Hindenberg Omen and now its coming back with the vengeance on our portfolios.
Nasdaq is green.
and… …went back to bed with the vengeance.
The market is gay and so is VXX. Just named Chief Rainbow Marshal of every pride parade in the world!!
Congrats VXX – now pay attention and get back to hedging portfolios!! Yer supposed to be a chest rub, not an ass lube
ha ass lube
In honor of your appointment as Rainbow Marshall,Market Queens, and Banking Queens everywhere here is a little Barney Frank.
http://www.youtube.com/watch?v=a5NrqqK60OI
Wake up!
Wore my top hat today. Gonna be a good day.
ENTR!
Your “theory” may have been correuct, Monsieur.
_________
Druckenmiller finally calls it quits after 30 years, says managing money too tough now
Si if iBC goes “dark” tomorrow we will know that Flys real name is Stanley Druckenmiller.
It’s actually very close to that…
… “Stanley DrunkenIrishman.”
________
I would have guessed Stanley Druck De Lucca or
Stanley Druckenstein.
In spirit only.
____
That would be a LOL.
If only he knew about the ppt.
im not even going to read the post
the market is currently trading in a upward direction,
and mostly your all bitches.
ciao