Everyone is freaking out over Chinese credit. We all know they’re first class liars, men who steal for the pleasure, not need. Last night SHIBOR soared. Borrowing rates are going up in China, which is leading the media to surmise a ‘full blown’ manufacturing crisis is in the works. Don’t believe everything you hear on the goggle box. The fact of the matter is credit is getting tighter everywhere because rates are rising. Remember, just because rates are higher, we aren’t destined to die in a vat filled with pig vomit. Banks bank coin when spreads widen.
The fear is the loss of the Fed bid, plain and simple.
I am getting crushed on the 40% of assets long today. IMMR and YGE are coming in pretty badly. I know the selling is overdone. More than 90% of stocks are lower today, typically a buy signal for stocks. But I’m not worried about losing money on just 40% exposure. My losses will be made up in spades if and when I nail the next inflection point. I need to time it perfectly, get in big, then get out.
I intend to make 10% on my next trade, inside of 2 days.
For now, I am utilizing the tools available to me to find stocks on sale. No one wants to “get back to normal.” We want POMO and we want it all the time.
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New movie out this weekend:
World War Fed
I just don’t see these lows we’ve bounced off a couple of times holding for a 3rd time here.
Hat tip on your bearish call and trade
Thank you Sir Partridge.
I am now flat…strong support in this area, even though im skeptical it will hold.
if 1593 brocken… I see no support…. that would be my TA 🙂
buy metals and miners. WAAAAYYYYYYYYYYYY oversold. Dollar will be plunging again within days. Fed has no exit strategy – that was all bluster to test market sentiment. Higher rates mean US default as they cannot afford debt service.
you are really scared
free energy and alien manifactures will be revealed to human being sometimes soon in the future
market will rip tits and no one will care about the past .
buy GG. bluest of the blue chips. THis is like buying JP Morgan at $15
metals suck you loser.
You mean cow chip
Patridge is out of this market
coffee is down 5%….again
1 more week and its free
unreal
Any opine on KBE – it has been stellar and I’m up nicely. I’m still holding PFF and JNK but if rates are indeed going up…
get the fuck out of it…. this is my opinion partner…. they lost control of rates… once the rise without FED it is all over for high divy plays
I banked some nice coin there, can always revisit these.
yes… PATIENCE and CAPITAL PRESERVATION …
trading is betting – if you have no chips you have nothing to bet with…. I believe big margin calls will be coming shortly we get everything we want much cheaper, I could be wrong of course but sitting and watching my portfolio falling is not for me …
I agree Old Turkey and thank you!
stay safe, this is no time to think about profits, it’s time to watch and learn
I have sold out of my giant DSLV position and …. all my gains are taken by my losses in longs….
snatched some pgrx , this bitch just finished goin through multiple ac , and seems to hold up well here .
I’ve been recently thinking the next zombie game should be set in China. All those fucking people. That’s scary shit.
“My losses will be made up in spades if and when I nail the next inflection point.” There is no “if” where the Fly is concerned, only when!!! the Fly’s greatness cannot be denied!!!
ass kissing on a down day..classic
WOW, WETF down over 10 percent, never was in it, perfect timing to sell yesterday, Fly.
(tips hat)
I told ya!
anyone have an opinion about DBLTX?
sipping cocktails in a life boat, watching the titanic…considering gld, 1/4 pos… but not yet… going to bimini to wait out da storm. i still say real-estate is the best. (hd)