It was an enjoyable day for the free money feudalists, as poor economic data dropped the chances of a Fed rate hike from a scary 15% to 12%.
Markets raged higher, taking with it a cadre of orangutans who’ve been blessed to traverse this earth without a brain.
Specifically speaking, markets should continue smacking the shit out of overzealous traders. When you short into the hole or buy into a riptide, don’t be surprised when you are unceremoniously removed from your cash.
A great man once told me “it’s all fun and games until your bullshit account goes to zero.” He was a curmudgeon fellow who walked around the boardroom with an unlit cigar in his mouth, old, cranky and brilliant. He’d offer these quips to me whenever we met at the Bloomberg terminal. Back then, I thought he was a stupid asshole, as I was younger, stronger, and making a dickload of money.
The dot com bubble was good to me. The bust caught me flat footed and left me in ruins for two years.
Right now, I’m the older guy chewing on a disgusting cigar, telling you that a storm is coming and the ebb tide is much closer than you know.
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…fakeout-monday…
…fakeout…thursday?…
How about a gap up tomorrow?
Are you still long gold and silver? Did you see that huge paper gold dump this morning? It was 70 tons or something.
Not long silver, only gold.
It’s volatile. If central banks stop QE, get out.
What about NIRP or helicopter money? I got my net ready for it.
I am utterly lost between you and OA. His posts seem to suggest we have a solid run-up ahead while you warn about a catastrophic meltdown. Gun to the head and forced to pick a side, I’ll just ask for the trigger
I am not short term trading anymore. My trading is based off mean reversion and larger macro calls which takes a longer time.
Truth be told, I don’t even look at day to day moves anymore. I find myself much happier since giving up the gig.
Taking a bullet is a much better option then leaving your money to the fate of either of us. Don’t make it about us, make it about you dude.
Says the two that are blogging about investing. With a paid service? Love the material, prolific as well. But own it.
Go fuck yourself.
The paid services are to aid someone in making an educated decision. Not manage your account.
I think Trump is absolutely correct when he says there will be a wall and the Mexicans are going to pay for it. The Mexicans are going to build a wall to keep the Americans out when you are all scrambling to get out of the country.
Ever been to Mexico?
I doubt they’d build a wall to that shit hole.
Thus was a southpark episode a few years back
The last one I watched was the great wall of Canada. Good stuff….where my country gone? Lol
Hahaha. I’ll have to find that episode. “They took our jobs!”