After closing out most of my losers, I’ve done nothing but shit post inside the Pelican Room and make myself eggs. The breadth is bad. The action in gold and bonds — horrible. Bitcoin — trash. This whole set up is horrendous.
So how come I’m not shorting here?
Good question.
Maybe it’s because I don’t like being beaten to a bloody pulp by shorting stocks into faux weakness. That’s right — this smells like a set up, a trap. Inside of dicking around with intra-day shenanigans, I’ll likely just opt for an end of day buying spree.
Don’t you get it? This is how they get you — throwing out mixed signals in an attempt to lure you back in. Don’t fall for that shit.
Since I no longer post my picks on the free site (sorry about that), I’ll let you know later on if I had the balls to step up and take a swing at this again — without getting into specifics.
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Just bought some more TVIX.
If this is a trap (leading to new highs), then Treasury bonds would be selling off instead of forming higher lows. I still think we test 3000, but that’s the end of the bull. Things may not be looking bad, but they sure aren’t looking *better* and I don’t have confidence in Trump to be able to actively improve things with China.
Yes, caution is warranted. No financials from our public servants need be accurate.
It’s the law.
Standard 56 allows:
1) federal entities to shift amounts from line item to line item (i.e. falsify) and
2) sometimes even omit spending altogether when reporting their financials (oops)
https://constitution.solari.com/fasab-statement-56-understanding-new-government-financial-accounting-loopholes/#ch4
Thank goodness there will be no more missing money in the future:
https://missingmoney.solari.com/