Markets crushed to the upside, lifted by Fed minutes that said nothing. Moreover, oil spiked after the EIA stats showed a drawdown from inventories that are so immense, so massive, that it’s causing oil men to lease tankers to store it– and generally burn that shit into the atmosphere to reduce supply.
All in all, the bears were flogged at the gibbet again, utterly humiliated and overcome by discomfited losses.
As for me, I am long TLT with 25% of my assets, long SPY with another 25% and short XLE with another 25%.
The remainder has been in cash since Monday.
My prognosis is especially dire. The higher we go, the sharper the drop will be. God willing, the markets will climb very high indeed, making the forecasted fall all the while more interesting.
We are heading into a world that has Rafael Cruz trying to shove bibles down our necks– and earnings of a bad varietal looming. I promise you, your giddy demeanor will soon morph into utter agony and disbelief.
The Devildog is coming.
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FIG
With your help I will be ready for the devildog. For now, I’m too busy shoving currency into my suitcase from the biotech printing machine in my basement.
“out of character” down day
followed by
nonsensical psycho up day
.
Command-&-Control Market
the EIA or what have you, IEA?, are revising constantly and should probably be dismissed. nice video.
i recall janet going extra lengths to say she didn’t like lower oil. make of it what you will.
Yes, make of it whatever amount of money you will, LOL.
Don’t fight it, just go with the flow. Be the Jellyfish.
Maybe when Dilma is imprisoned I’ll go back to Ipanema. Lovely place with some great restaurants.
Astrud Gilberto was the wife of singing star João Gilberto when she entered a NYC studio in March 1963. João was making a record with tenor sax man Stan Getz and the idea of cutting a verse on “Ipanema” (beach town in Rio de Janeiro) in English came up. Astrud was the only one of the Brazilians who spoke more than phrasebook English.
(This song became the benchmark for what is; Bossa-Nova… lounge music my parents loved.) Thanks for the share.
Yes, it’s a great tune & performance. Very subdued compared to signing performances today.
I meant singing performances.
Getz is a favorite of mine. He sold millions of records in the 60s. Today hardly anyone knows who he was.
I just had a guy tell he felt horrible for sitting out the rally. All I could tell him was “patience, friend, patience”. Just wait a little and the weather will change.