Although the futures are up this morning, I am not impressed. As a matter of fact, it may be a good entry point for some short positions. The only way Europe solves their problems is if they get Germany to buy Europe. The only way it makes sense for Germany is if they had control over enforcing taxes. Without an occupation force, the Greeks, Portuguese, Irish, Spaniards and the Italians will continue to live their lives through vagrancy and contempt for any semblance of honor.
My #1 tell is TLT. If it doesn’t get plugged, the market is going lower. Both silver and gold have been displaced as the ultimate safe havens by the dollar and treasuries. This is exactly what happened during the 2008 meltdown. I do not find pleasure in seeing gold get clubbed to death, despite my deep seeded disdain for the ancient metal. But you fuckers who horde that shit have it coming in the worst way possible. Before sovereign governments go insolvent, they will liquidate all of their retarded precious metal assets. By the way, hedge fund managers will be forced to sell too.
Anyway, I would love to offer you jubilant news of Rick Ross sponsored cocaine parties and gorilla boulder smashing contests. However, things do not seem normal to me. Regrettably, I am without an edge in this market, after spinning myself stupid over the past two weeks. The penalty for my misguided market position has been 10%, over the past two weeks. Just a short while ago, “The Fly” was at all time highs, bragging about abducting farmers in 0hio and releasing them into outer space. Now I am up just 4% and in desperate need to find the next trade.
With God’s good grace and a little mathematical precision, I will be back on top, just prior to Thanksgiving. But, for now, I need to eat sandwiches and avoid stepping into custom made European murderholes.
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