I took most profit of the table on the short position.
But with these high option prices due to volatility its hard to make a buck .
I expext a bounce at just under dow 24000 on the MA.
Then long temporarily and short again , i always ecpect the big one to be in sept /okt.
What’s not normal is when the Federal Reserve does QE and calls it unprecedented Repos into a very extended stock market. Then has the nerve to say the market is overextended...C’mon man they are the biggest bullshitters on earth. They did the exact same thing six months before 1929 and every bubble since.
I’m not the smartest bulb...but this market was going to come down no matter what. God help us if the rally up is a 3 wave. I’ll short the shit out of again. End of rant...the system is rigged but as long as your long the world is fine.
I bought more gold stocks on the dip .
Looks to me that before the end of the year probably sooner , interest rates will be at zero again in the US.
I heard they will cut rates most likely on wednesday by maybe 50 basispoints.
If there will be a recession what are the central banks gonna do ??
Lower rates are not possible , buy stocks ,?? in that case gold is gonna scream higher , i wont be surprised if you see 100 $ a day up moves
Rate cut by half point this morning, to give stocks more volatility, more excitement, more circus fun ride ... Tesla's up, ...Coronavirus and all the businesses slowdown activities related to it globally all ingredients in the making of unstoppable what cannot be stop.
Emotions are like a roller coaster, can't count on them, can't trust them, can't rely on them, might as well dump them and let it go follow the unstoppable flow, the current of broken dreams, the wave of nightmarish fever of normal natural fear of reality.
We're going to see swings representing human interventions in trying to stimulate, stabilize the markets, but the true real swing is in the factories and jobs being actively normal globally. Are they? Certainly not and it's going to get worst in the USA before it gets better.
I'm not the only one from that school of objective realistic practical vision.
The world of financial illusions, hocus pocus abracadabra magic powder is coming to a down spiralling turbulence for the near and longer term.
I bought more gold stocks on the dip .
Looks to me that before the end of the year probably sooner , interest rates will be at zero again in the US.
I heard they will cut rates most likely on wednesday by maybe 50 basispoints.
If there will be a recession what are the central banks gonna do ??
Lower rates are not possible , buy stocks ,?? in that case gold is gonna scream higher , i wont be surprised if you see 100 $ a day up moves
Simply put businesses are slowing down, and dramatically and all over.
It's part of smart measures to combat that invisible common enemy, and washing our hands of course.
The Fed is firing blanks. Actually a rate cut might do more damage as T-bill rates collapsed. The big question is, was that one day wonder yesterday a wave 2 or 4? Probably a 2...but either way lower lows are dead a head. Watch Gold tomorrow big move. Today was a good short...actually went full short yesterday.
The Fed is firing blanks. Actually a rate cut might do more damage as T-bill rates collapsed. The big question is, was that one day wonder yesterday a wave 2 or 4? Probably a 2...but either way lower lows are dead a head. Watch Gold tomorrow big move. Today was a good short...actually went full short yesterday.
I remember when I use to read William Tehan and Franz Pick in the "Wall Street Transcript" in high school. The Fed use to be adequate..but they still destroyed the $Dollar to promote Globalism - Free trade. Now somebody needs to go to jail....just saying. They know nothing about business cycles or natural law.
This is uncharted territory for Wall Street. It's a lesson to all of us, not only them.
Nobody's in charge anymore of the finances, it's a free fall for all...nature @ its worst.
This is uncharted territory for Wall Street. It's a lesson to all of us, not only them.
Nobody's in charge anymore of the finances, it's a free fall for all...nature @ its worst.
The problem is the market psychology or human nature never changes...but governments and central bankers try to manage their economies (manipulation). In the end it always ends badly because trying to negate the business cycle creates corruption, misfeasance, and malfeasance. Also you get this....bear markets after a asset bubble...those criminals trying to avoid their comeuppance.
It's the people who get the job done, who make the economic machine rolling.
The corrupts who exploit them and manipulate are reaping the benefits...flake money atop their graves for eternity.
Corruption/corrosion ain't working anymore ... watch out to what's coming up next ...