Talk about spoiled brats. The market is mad because Europe did the minimum QE–wait until our Fed hikes rates into a fucking recession.
Germany fell down the sewer pipe today, down 400 big ones, and U.S. markets are trading lower in sympathy.
The good news, for our exporters at least, is the dollar is getting CRUSHED v the euro today, down 3%. Funny how that happened, one day after hawkish Fed comments.
This is an evil tape.
Oil and gold are higher; biotech in the lavatory taking a dump.
My stocks: careening lower.
Happy fucking Xmas.
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On Tuesday my TLT calls were all the rage and my QQQ puts were laughingstocks.
Today my TLT calls are wandering around inside Syria dressed as a Catholic Priest and my QQQ puts got a new cool hat or something.
The imbalance in this trade is killing me. It should have been either right or wrong [it should have been right] but instead it’s “let’s kill you on the bonds while stocks go down.”
Already averaged into bonds once today [higher, lol!] and thinking about doing it again to double my position. It’s actually kind of inexpensive at this point.
Short PBR
How’s the FANG composite doing in relation to the nasdaq?
It is going to be a marvelous Bear Christmas. BoJ isn’t going to act either this month. IMHO the Eur/USD is just getting short squeeze cuz everyone and their mother was long USD going into the Conference. With NFP tomorrow our Eur/USD should give up all it’s gains today. Oil of course is just a weak USD pop, that goes bye bye tomorrow too. OH Fly, finally this Bear might get her day.
Had to sacrifice my KMI (kill the divvy already) & WYNN at the TBT (my largest position) alter, but it was worth it.