Sunday, October 21, 2012

KEEP YOUR EYE ON THE BALL

Don't let the major league curve get you. Remember they're gonna throw you some high, inside pitches to back you off the plate. Of course you're gonna get a screwball from this market......its the game. NO....not baseball, but the biggest game ever invented. If you have emotion in this market, then you're gonna lose. Most of us can't keep emotion out, but you have to. Just look at where we are right now compared to last Sunday. Some more wicked market moves have instilled the emotion of FEAR into market participants. What kind of thoughts are running through your heads. Are you asking yourself....Did I listen to these internet dipshits and get myself into the biggest mess ever? I'm gonna be wiped out and I was ahead at one time....if only I had listened......Well of course some of you are in those spots.......and you by all means should NOT BE IN THIS MARKET. If you are in that group then you AINT SEEN NUTTIN YET. And as a famous B actor once said......"You ain't seen nuttin' yet"......and "You can take that to the bank".....

Sorry to disappoint you but NOTHING has changed. We know the Fed is going to print. We know the Eurozone is going to print. There is NO CHOICE. That's right.......NO CHOICE. The debt is so high that if they allow a default then you will see the shear chaos and it will NOT be pretty. What do you think is funding all of your pensions. What do you think is funding those police pensions....those teacher pensions...those GM worker pensions......etc etc etc........Its the bond and equity market.......THEY HAVE TO BE LEVITATED. GET IT???? They will choose the path of least resistance. THEY'VE ALREADY TOLD YOU, and they've already done it. Ben is trying to make this as painless as possible as he debases the currency. If you are holding fixed income or savings......YOU ARE SCREWED......at least over time you are going to be eaten alive. They're going to try some austerity on many of these state and municipal and private pensions......and YOU will get doubly screwed by the debased currency AND the ratcheting down of your monthly pension payments. Its coming COUNT ON IT. That's called STAGFLATION. Austerity and currency debasement. Its called deleveraging with money printing. The result for us is there is going to be the most gawd awful market you have ever traded with volatility here. PMs and PM equities is a CROWDED TRADE. Do not listen to the pundits. There are a lot of schmucks in this trade. THEY KNOW WHAT'S COMIN'. The big boyz want you out .....at least as many of you as possible. I don't know how many they can get out but THEY do. So I will watch and just marvel at their power and cunning. I know that my game is to pick some spots to try and trade on the margin of my position but overall I'm holding tight and just enjoying the greatest casino on earth.





14 comments:

  1. must listen to on the silver docs video above......scroll ahead and listen to the last half on the silver devils......it gives you "the game"

    ReplyDelete
  2. silver hit 50% Fib retracement at 31.70 last night from August move 28-35.50

    ReplyDelete
    Replies
    1. good info......now lets see if they bring it up in a stealth move to close the month.....they don't want to draw attn to a "bottom" here.....should be an interesting remaining month

      Delete
  3. Thanks for the fib info...got lotsa silver miners plus pslv & cef. Sometimes trade a little aci, nice squeeze today.

    ReplyDelete
  4. Replies
    1. But Means always considered himself a Libertarian and couldn't believe that anyone would want to call themselves either a Republican or a Democrat.

      "It's just unconscionable that America has become so stupid," he said.

      Kli, was just coming here to mention it...Great American....He was aware!

      Oh Great Spirit, whose voice I hear in the winds
      And whose breath gives life to everyone,
      Hear me.
      I come to you as one of your many children;
      I am weak... I am small...I need your wisdom
      and your strength.
      Let me walk in beauty, and make my eyes ever
      behold the red and purple sunsets.
      Make my hands respect the things you have made,
      and make my ears sharp so I may hear your voice.
      Make me wise, so that I may understand what you
      have taught my people and
      The lessons you have hidden in each leaf and each rock.
      I ask for wisdom and strength,
      Not to be superior to my brothers, but to be able
      to fight my greatest enemy, myself.
      Make me ever ready to come before you with
      clean hands and a straight eye,
      So as life fades away as a fading sunset,
      My spirit may come to you without shame

      RIP Russell

      Delete
    2. his youtube is unbelievably accurate in his description of where we are.......hehhehee......i challenge any of you with a preconceived opinion of Means to listen to just the first 20 minutes and tell me he was wrong......in ANY way

      Delete
  5. No comment necessary on the market......very impressive

    ReplyDelete
  6. Interesting ;) http://www.marketwatch.com/story/fed-considering-upping-qe3-size-and-language-2012-10-22?siteid=rss&rss=1

    ReplyDelete
    Replies
    1. "At the moment, the Fed is buying $45 billion of long-term Treasurys each month under its Operation Twist program, with the purchases offset by sales of shorter-term securities. Many economists think the Fed will decide to expand QE3 by that amount, and with Treasurys instead of MBS. But the announcement is not expected to come until its December meeting."

      They are in deep deep doo da...they have an economy at stall speed and if they don't act they can't pull it out of the dive......bye bye

      Delete
  7. Miners very strong finish, esp. slw. Kocherlakota (Minneapolis Fed) now calling for zero interest rates for 4 more years, hehe. Oh, yeah, what a recovery we are in!

    ReplyDelete
  8. A Ford Dealer's Report

    From Tom Selkis' (Latham Ford) Facebook.......... True story yesterday at the dealership.....
    "I'll try to make this as short and to the point as I can. One of my salesmen here had a woman in his office yesterday wanting to lease a brand new Focus. As he was reviewing her credit app with her he noticed she was on social security disability. He said to her you don't look like your disabled and unable to work. She said well I'm really not, I could work if I wanted to but I make more now than I did when I was working and got hurt (non-disabling injury). She said the gov't sends her $1500.00 a month in 1 check, she gets $700.00 a month on an EBT card (food stamps), and $800.00 a month for rent.
    Oh yeah and 250 minutes free on her phone.
    That is just south of $3500.00 a month.
    When she was working she was taking home about $330.00 per week. Do the math and then ask yourself why the hell should she go back to work. If you multiply that by millions of people you start to realize the scope of the problem we face as a country. Once the socialist have 51% of the population in that same scenario we are finished. The question is when do we cross that threshold if we haven't already, and there are not enough people working to pay enough taxes to support the non-working people? Riots?? Be prepared to protect your homes. She didn't lease the Focus here because the dealer down the road beat our deal by $10.00/month. Glad to know she is so frugal with her hard earned money."

    ReplyDelete