We have all the reasons to trade lower. Oil is off by 3%– but stocks are trading up anyway. This is the inverse action to what we’ve seen for the better part of two years. All rallies used to be faded. Now all slumps are bought and markets melt up with energetic momentum.
Extremely bullish. Nothing can go wrong, until it does. Sentiment is bridled to perversion, at the vanguard of it are the greediest people alive.
Fuck this shit. I’m happy in cash and TLT.
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Abolish the central banks.
Counterpoint: Don’t abolish the central banks.
Feb 1 was the last time this happened [stocks trading up whilst oils traded down]. Check out what happened starting Feb 2.
everyone is waiting on the Yellen machine…because it never disappoints. 😉