You thought you were going to make it — but now look at you. I preside over you with 60% cash and several irons in the fire that all are working swimmingly. I’d tell you what those idea are — but they’re for Exodus closers only.
You need to pay attention to the 10-yr now. Recession is all but a foregone conclusion. We will retest the January lows.
Look at this news.
Bullard says Fed may have to cut interest rates soon due to trade wars, low inflation
And the market is responding with more selling. What does it all mean? Why are we only now burning in hell? It’s because we belong in hell and cannot bounce — because things are spiraling lower.
This is what you get when you get that exuberance going.
SAAS -5.6%.
Let’s recap.
Oil plunging.
Yields plunging.
Analyst talking global recession.
Fucking retarded morons telling you to BTFD.
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That “…watershed…”
– – – – – when
– – – – – rates are cut
– – – – – and indexes RE TREAT
If the FED does cut rates, it will make trading easy: by the time the overconfidant FED sees weakness, the Bear market has already begun.
Therfore
1) If there is a rally, short it aggressively
2) If there isn’t a rally, the market has lost faith in the FED, expect a market crash >-2% and then a steep short-term rally. The moves will be big, so best to play both sides and take profits as they come, holidng the losing side.
Either way, the long move is down when the FED starts cuttign.
Praise buddah, took a month, but the fly finally said it. “Test the lowes”
It will bounce there and do a triangle pattern over several months then the death blow.
Full load of shorts and tvix lotto ticket in hand and ready for the journey out of harbour into rough waters.