Proper Meltdown

Full scale collapse into the final hour, solidifying the idea that this market is completely shit. Even ETH is sliding now and there’s little to be said about the virtues of a market that cannot hold its butter.

Nevertheless, because I was a trading machine, I managed a +178bps gain, and over 700bps in my YOLO account — which booked a 3.5% gain in BOIL at the open and was instructed to go all in DRIP at around 2pm. Betting against oil here seems like a good bet, especially with the 10yr bond under 1.2%.

You need to pay attention to that sole metric because it signifies deflation, which is inherently bearish for the commodity super cycle narrative. At some point, barreling into the Fall and looming shutdowns and/or an unhealthy America both physically and spiritually, we’ll likely see sharply lower prices. People keep thinking it but we’ve been held up by the oligarchy — the 100 or so biggest corporations in the world whose fortunes have consolidated and expanded since COVID hit.

You live in an evil world and America is the great big fucking satan. That being said, I’m not interested in living in Little Satans whose economies are subject to whims and tribulations on a scale we here never have to endure. If we cannot fix the problems from positions of no power, we might as well navigate through the fuckery best we can and learn to ignore and accept the world we live in, instead of clamoring for better times born from joyous memories of when the golden age of America meant safety and comfort with food on the table and moral values intact and children playing in the grass without masks.