Operation Twist is not enough. We might trade lower on this news, possibly until the July Fed meeting. It’s clear the Fed is being corrupted by the hawks, by men who live on farms, totally disconnected from the real world.
Right now , the markets are being operated by rank amateurs. Expect the real move from 3:30 to 4. I see commodities trading down and that tells me reflation is not on the table. I see TLT trading up and that tells me deflation is permeating the psyche of everyone.
I am not buying anything today. I am contemplating throwing some hedges on because this is a disappointment. The only reason why I am not short now is because of the weak constitution of the shorts. See pal, they’ve been weazened in recent weeks. This “bad news” might result in another unbelievable short squeeze. Plus, we still haven’t heard back from the Europeans. Those cuckolds are likely to throw a few trilly at their problems soon.
In short, I am holding firm at 60% long, waiting for something interesting to happen.
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Time to put that cash back to work Fly? Market isn’t tanking ….
not today
Ok … hold off till end of day but bears aren’t seizing the moment and we still have another two waves to complete of this leg otherwise this is not a bull market anymore.
fig
Fly is… AMAZING. Spot on.
Press conference by Bernanke is at 2:15 – do you think that will matter?
Nice recovery from that initial drop. We shall see.
weazened… nice!
queer.
You’ve been targeted for death.
End of the day seems reasonable… Won’t get home till 6..
Nice,
I was this close to nibbling some TZA this morning. Looks like the Citi note got TWIST correct. (~200 billion).
Back to the drawing board.
Anyone have a suggestion on a decent podcast for the market..since Mr. Fly has too much on his plate to do such a thing.
Explain me dat word bro. Possibly a variant on a similar word for lean and shriveled which would apply equally to the shorts. But, WTF, this wizened old one is not quick enough to keep up with eloquent modern verbiage.
bot ocz,
Also, the global ruggyup has me into DZZ and TBT. WTF do I know?
A trilly
A trilly
A trilly
http://i50.tinypic.com/10eq16h.png
quick turn around in gold?
It’s wierd. Cash is the best option. Not real assets like land, gold, or good companies, but stupid pieces of paper that have no intrinsic value.
It shows haw messed up things are when we have lost our trust in the value of anything and buying anything real is seen as a risk.
Welcome to the phychology of deflation.