Jim Biden and his crackhead son are both pieces of shit. But I only say that to make myself feeeeel better, placing blame on the senile old man and his crackhead son for America’s problems. Truth is, this shit has nothing to do with any of them. Jim is as much in charge as I am and his son is most likely living out his life to the very best of his abilities — cheers to him for that achievement.
The inflation data came in HOT AS FUCK and markets COLLAPSED on open. I was leaning a bit long so I took a few stiff jabs to the jaw. I closed out my shorts and got a little ahead of myself chasing this morning rally — OFF THE LOWS — and now find myself with losses of 70bps.
The morning rallies are an annoyance, because they place into question everything seemingly real about the tape — forcing shorts to cover, longs to chase, only to later succumb to horrendous sell offs and crashings of the close.
Stocklabs is not oversold and this bear market isn’t ending today in the face of abysmal CPI data and rapidly deteriorating war status and all of the other things we hate about an economy on edge.
You’re not safe out there and no one is coming to save you.
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Politicians as a rule are useful idiots and Jim B. is head useful idiot in charge of nothing, much less his own graying matter.
Lower.
Agreed. Sell every rip.
Fuckery is the right definition
VIX is down
11:00 AM and Market is up +500 over session lows on a surprising BAD CPI day … WTF?
I am making one of my “once in a Decade” predictions.
Today, Friday, and Mon the 17th are BUY BUY BUY days.
Use these three days to go ALL IN for the long term.
Buy 65% Stock Index funds and 35% 2-year Treasuries.
On each day use up 1/3 of your present buying power.
Do NOT buy houses or cars – wait to buy them.
Our economy is TERRIFIC and it will turn out that
inflation was your friend! It gave you this opportunity!
Guys like Cramer and Jamie Dimon are trying to talk
you out of this market. Don’t listen!
This is the beginning of the bottoming process. We are closer to the end of this downtrend than the beginning.
And just to piss off Fly here, Pax Americana is still alive and well.
For a second there I thought you were serious.
Good luck! I agree – not buying a car
Otherwise, I’m rooting for you; but betting against you.
Heading into WW3. Not sure what comes out on the other side.
if there’s a total seizing up somewhere, or if UST liquidity deteriorates such that the market is impaired . You won’t hear anything about inflation. The Fed will step in, and they won’t care about anyone’s opinion on the matter. Not mine, not yours, not Congress’s, not Joe Biden’s, not Elon Musk’s, not Larry Summers’s, not Bill Dudley’s, and not Mohamed El-Erian’s either.
USD/JPY is now at historical intervention level… will pop like crazy when this one breaks
nailed it.
not if, when
The patient is convulsing.
Now even the last piece of bad news (rising CPI) is GOOD news. Market +1000 over lows.
ALL news is GOOD … FOREVER!
If you believe the market will be 5 % higher in a year then time to buy. If not, gamble on short term pushes higher or lower through index options. But hardly seems worth the effort and angst. Patience is always rewarded.