This is the sort of tape that wrecks people, truly. I got whipsawed today and yesterday, as we’ve vacillated thanks to news flow. First it was the Chinese trade war news, then the Fed, then people second guessed the Fed — perhaps viewed it as an institutional weakness due in large part of a concern of theirs.
Maybe the economy is slowing much faster than is being reported.
WRONG.
The Fed works in not-so-mysterious ways. They want higher stock prices and they are aware that hiking rates was getting in the way of that primary goal. The foolishness of today should be resolved tomorrow.
Here are the main take aways.
Oil, gold sharply higher.
Dollar, bond yields sharply lower.
As you were. This will all work out in the end.
Top pick: NUGT.
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There is no end
full spectrum finger death
operations
manipulation
center
The short strokes in the UK are keeping the thumb on the scale too.
Fuck, and I mean raged, scull fuck the dollar. It had NO business going up for weeks and ruining my gold related investemnts…Buy your gold mining stock LEAPs and forget about ’em…
At best, the equities trade sideways for a coupla years, at worst,…who cares. It’s gonna be orgasmic. if shity equity markets is what yuo’re into!
Oh…load up on LEAP puts on the shittiest etf no one is talking about yet, IYR
I basically agree, except that equities have one more decent blast in them IMO.
Such language Helen. I hope you realize that is inappropriate for a Lady outside of IBC.
Treasury bonds higher across all maturities, not lower.
Fly will go full bull at ES 3,000.
Every time I log into iBC I think of this scene.
https://www.youtube.com/watch?v=lHFoR6KqzAY
I like Fly’s style. Very aggressive and quick. Anticipation is decent.
Impossible to duplicate but augments my style very well.
Radio silence from Le Fly at this most important dovish time. Come on!
I’m not paying no Pelican Room fees. In fact You should give me a free subscription – I was there in the earliest blogspot days Le Fly! Please send.