Breathe in everything and digest what you’ve just experienced. This is sheer, gypsy, fuckery at its finest. The small moving parts are no longer important. There are big things happening, accompanied by giant moves that affect everything.
The expectations have never been higher for the ECB. We are in the grips of harsh and severe deflation, even BBY mentioned it in their conference call. I’ve been saying this for almost a year, while the clam fuckers on CNBC were jaw-boning about rate hikes. There will never be rate hikes and QE IV is assured. The only thing we need to do before getting QE is go lower. Very simply, the political clout isn’t there within a buckshot of new highs. We need to dive lower, mind you, to the tune of 15%.
After the Dow drops 2,000 points from current levels, we will get more QE.
In the meantime, we’re gonna bounce soon, as is always the case with runaway markets. In this instance we are running away to the downside: unsustainable. But do you have confidence that Draghi and his european comrades will succeed in saving equity markets? Because if he disappoints, the market is going to swan dive lower.
With banks getting crushed and oil already in the shit-box, there’s too much pain out there. A liquidation is in order and everything will compress because of it.
All of my gains for the year have been wiped out and I hate life again. The cycle continues.
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The Fly is God.
X 10,000
Zombie – so glad you beat these scrubs to your’ rightful place as 1st …. !!!
HA! Thanks, UB! This one was special.
Squared!
Indeud, Trent!
10,000 !! wow! Nice catch zombie!
Thanks, Pyro!
Wish you and all of us here another 10,000 blog posts. Just dont lose all of your chips in meantime:)
+1
I told you the folks who created the mess weren’t smart enough to clean it up. Listen to Adam Smith.
Adam Smith?
I’d rather listen to John Ham.
Who’s John Ham? Exactly. Who the fuck is Adam Smith?
That explains your confidence in the mediocre kleptocrats.
If we bounce here is this a buy the dip or a chance to get out of positions and await further opportunity?
That’s the million dollar question….
You’re right. It doesn’t matter a hell of a lot if you can swim, in a tsunami.
So guess what.
You did NOT go higher
You did not GET to go higher
See you at the finish line.
thats a lower-high if the lower-high does not already exist
When ever you get strong enough to lift open the manhole and poke your head out, you get run over by a city bus.
Now we just need Huggie Bear to start crying and we are guaranteed to spike higher.
As long as it takes buddy
I have no qualms at being reversed and whiplashed
I withhold out of respect and unleash at no one’s whim
Fight to the death
NDRM is killing me
Word of the Day: Conejo
Wiould a new QE increase the price of crude??
Yes, it would bullish for almost everything, even crude.
No doubt Macro Hedgies got hit today, probably be liquidations over the next week or so.
FWIW 70% cash. Dollars are very valuable these days.
Raise cash now so you can enjoy the 3 day weekend, and dream about a nasty open come Tuesday.
QE was and is madness. It should’ve never happened in the first place. Once again Keynesian economics fails.
Horrible start to the year for me. Ugh.
Your 10,000th post just wouldn’t have felt right without at least one ‘clam fucker’ thrown in there. Congrats.
Sheer gypsy fuckery indeed.
yeah, I want to be more optimistic, but the SPX still has another 100 pts to fall until it hits meaningful support .
This is a dangerous environment… for now any way… stay safe
I feel this is bit from one of your commercials is aptly titled: Dream is Collapsing
https://www.youtube.com/watch?v=imamcajBEJs
Congratulations. A mad achievement.
Cigars and cognac in the louche halls of the IBC Gentleman’s Club.