The $IWM was +0.21% today and the bulls were out and about popping champagne corks into each other’s faces. Meanwhile, little did they know they’re were being had, tricked, and fooled. Tomorrow, the market shall begin an immediate descent lower — without provocation or rationale. It will just drop like a fucking lead balloon and sink lower and lower. The bulls will attempt to salvage their accounts and even average down — but by then the die would have been cast and their losses a foregone conclusion.
Gentlemen —
September is upon you and rates and oil are very high. You should be concerned, afraid even, as Pax Americana attempts to claw its way out from a shallow grave it dug for itself — weighed down by trannies and the mentally insane.
This is hell and to be long hell is in fact blasphemous. All true men of honor want this to burn — with the heat and intensity of 1 million Hiroshimas. Everything shall fall and all will be subsumed by the coming fires.
I closed +57bps — because I am a professional. Look who’s streaking to the fucking upside again.
Are you going to be right this time or are you The Fly Who Cried Wolf?
Fly indeud has the prowess to coax winnings out of the thinnest of tapes and is likely unmatched when it comes to long term gains. A marvel. But we haven’t seen him make a single short-term call yet!
How, as a trader, do you make bank and not make short-term calls?
Asking if he’s The Fly Who Cried Wolf is referencing his call for the big collapse.
I’m in agreement that fundamentally, the bottom should have fallen out long ago but as soon as things start to get nasty, some Fed talking head spoils it and hints at some fake stat to make us (not us really) believe that they are going to reverse and start lowering rates. They’ve managed to keep the market afloat solely by jawboning.
Eventually, The Fly will be correct but will that be now?
He gets the ‘micro-term’ calls right.
What’s worse Mel Tucker playing with his pee pee or 9/11?