Saturday, October 13, 2018

DON'T WORRY BE HAPPY ...ITS ALL GOOD

After months of warning by the money masters, our markets farted out their blow holes this week. Pundits all across the financial landscape declared victory at the end of the week. Some declared this a "much needed" pullback. Some declared the pullback "over". Some advocated an even "greater" pullback was needed to make the market "healthier".  There was a cacophony of calls to buy the "bargains" here. A few suggested that waiting for even better buying opportunities might be prudent. 


It reminded me of my mistakes in investing during the 2000 Bear Market. I had made some spectacular returns leading up to that crash and began advising my crowd of retail (fellow sheeple morons) that the market was going too high and to get out. In those days I didn't short markets yet and only used timing. I also listened to the pundits that advised during the first hard pullbacks in the tech market that pullbacks were "healthy". I timed the pullbacks and traded the first few months of the tech bubble pop with my portfolio staying intact. I invested also in "CONservative" tech plays that were the "pipe" for the internet. I won't list them but they were Cisco System companies that "withstand a severe bear". I would buy them on "dips" and sell them on "rips". I was essentially a "long only" investor that was using market timing to trade a Bear.





It worked well until midway through the bear and I was caught buying one of the really big dips thinking "shit how can this not be a big bottom to buy".  That was not the right move. I loaded up on the JDS Uniphase and Cisco Systems that had "corrected significantly" and were down 50% from their highs.  And then all hell broke loose. The leadership and the "pipe" of the "internet bubble" just got HAMMERED over the next month. Microsoft, Worldcom, Enron, Intel.....the biggest of the BEST were then butchered. The "no lose" masters of the tech space that had "already corrected" were slaughtered along with my "blue chip" portfolio. 

ECB Headed For Trouble With Rates Already Negative...YA THINK?

I had learned from my 87 mistakes and I again tried to learn from these mistakes. I knew that some of these beaten down stocks might NEVER recover. I looked for different sectors to enter that had also been hurt in the market takedown. I was in energy and biotech with my surviving funds. I stayed in the casino and made back the paper with a strong portfolio going into the next collapse and most of you know how I played that one....mostly SHORT!

Mercedes Massacre: Daimler Plummets After Slashing Outlook; European Auto Sector Crashes.....its all good





Leon Cooperman: "The Whole Structure Of The Market Is Broken".....lol no shit







US Job Openings Hits Record High: 1.2 Million More Job Vacancies Than Unemployed Workers....tic toc.....sumthin' is gonna give.....and its wage inflation












This time I have tried to see just how they would fix the game and its been fairly predictable although my paper strategy was pounded in 2012....also not shocking given the need to CONtrol gold and silver prices from exposing the dollar pyramid printing scheme.  I still think we had the beginning of a major bull move off of the 2015 precious metals bottom and certainly the miners are still up dramatically from that December 2015 bottom.  I still believe this sector is the sector to own and will wait for these pricks to clean the suckers out of the general equities shares. As usual physical metals is the ultimate store of value. Counter party risk will again be a phrase used in financial circles so BE PREPARED boyz and girlz.





32 comments:

  1. http://news.goldseek.com/CliveMaund/1539605280.php

    ReplyDelete
  2. Replies
    1. lol nobody cares......sentiment is rock bottom which gives me hope this will be a very nice move over the next few months......maybe....lol

      Delete
  3. CONspiracy musings......IF IF Trump and his backers REALLY liked Alex Jones spouting his theories about the deep state etc.......do ya really think that Google Faceplant Twitter etc could really get away with banning Jones? lol.....dunno what the psyop is but its all kabuki theater

    ReplyDelete
    Replies
    1. what I am saying is Alex has let himself get played IMO........he's now "banned" by groups that Trump could step on and crush in a heart beat if he wished to......either Trump is being played or he willfully is going along with Jones and other alt right bans.........Jones was 90% on target until the last year and he veered off the track with BS.........He was coopted and his info is now virtually useless......

      Delete
    2. He has been useless for years at the very least 50% bullshit for years. Ridiculous bullshit. jmo

      Delete
  4. for traders .....you might see GORO pull pack to 5.80 or 5.70 in next two days

    ReplyDelete
    Replies
    1. bot back small swing trade at 6.05.........always too early on my swings but core not gigantic and dont wanna lose my position too soon

      Delete
  5. Nothing ever changes my friend as what we are witnessing is the slow motion car wreck of a collapse of western civilization as the dumbed down masses get theirs at the expense of their neighbor but who cares its on someone else's tab.

    You just change the grammar and voila, the meaning has shifted. Instead of doctor you have a "provider" as its all good even though you are paying for all of it, and paying and paying and paying. Just as long as we keep the status quo so the elite can do what they do and the unwashed masses can remain unwashed.

    This is all just show and the reality show host is at the helm so lets enjoy all the bread and circus life has to offer in the richest most powerful country in the world.

    ReplyDelete
    Replies
    1. case in point


      https://www.zerohedge.com/news/2018-10-17/trump-vs-fed-when-markets-crash-who-blame

      Delete
    2. I’m explaining this conundrum because a lot of people out there claim such things are obvious, yet they continue to fall for the same Kabuki theater over and over again. I am also explaining it because the subject matter of this article is a perfect example of the 4th generation warfare narrative in action. The latest escalation of what I consider an inevitable battle between the Trump Administration and the Federal Reserve is not at all what the mainstream or much of the alternative media think it is.

      I have examined Donald Trump’s dubious background and associations thoroughly in multiple articles. To summarize, Trump has been tied to globalist financiers and think tank members for at least 25 years. He has nominated and/or stacked his cabinet with those same ghoulish people over the past two years.

      To illustrate the severity of the problem, I suggest readers look into people like Wilber Ross, the Rothschild banking agent that bailed Trump out of his considerable Taj Mahal casino debts decades ago, who is now the Commerce Secretary.

      Larry Kudlow, the director of the National Economic Council and an adviser to Trump is a former economist for the New York Federal Reserve. Steven Mnuchin, the Treasury Secretary, was prominent member of Goldman Sachs.

      Delete
    3. IMO the ENTIRE Tariff nonsense is purely a setup to blame the crash on instead of the Central banks and their printing

      Delete
    4. Its a sad state of affairs Kli where you have to get in bed with these banks to maintain in the artificially debt induced ponzi, just to keep up and to add insult to injury taxpayers were force to bail these a******s out. Not only that but perhaps many believe we are in a recovery!@#$%

      Delete
    5. Isn’t that what PC Roberts said, the corporations sent all the middle class jobs over seas for the cheap labor but instead of addressing the businesses that really pull the plug on the American worker, Trump places the blame on the countries where American corporations set up shop.

      https://foreignpolicy.com/2018/10/11/if-the-u-s-doesnt-control-corporate-power-china-will/?utm_source=PostUp&utm_medium=email&utm_campaign=7257&utm_keyword=

      Delete
    6. we are in a recovery.....the problem is its a debt fueled recovery and its not only not sustainable but its not including much of the lower half.

      Delete
    7. Here is what we see coming. Listening to Druckenmiller/Dalio etc which were major bulls until now you must realize this entire ponzi is coming down soon (within two years) and trying to pinpoint the exact trading turn would be a fools game even though the tedium created by the prolonged "recovery" meme is excruciating. No one cares at this point which accounts for the apathy.......so again....tictoc

      Delete
    8. they count on you "giving up"......and .......most do

      Delete
    9. PCR is the best. Henry Ford knew that if no one got paid a livable wage, no one could afford his cars. House prices are ridiculous and mortgage is latin for death contract hehehe Add to that property taxes and you mind as well be renting from the guvmint. Wages and labor participation rate not commiserate.
      These are scary times.

      Delete
    10. my hope is they only get "scary" and that a "reset" occurs with this leverage and corruption without the WW3/bloodshed and we get "better" "New Deal" for the next cycle....lol.....but one needs to be vigilante and prepared

      Delete
    11. What triggers an economic failure?? When BREXIT happens what happens to all the assets (TRILLIONS) parked in London??? A large part of these assets have to get transferred to a new home. It very well could cause an economic failure in Europe if not properly managed.

      Delete
  6. It is a frustrating trade
    https://blog.smartmoneytrackerpremium.com/2018/10/gold-bull-resumes.html

    ReplyDelete
  7. GDX weekly for my pal Buttfox/CS

    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=4&mn=6&dy=5&id=p14422043895&a=616575908&listNum=1

    ReplyDelete
  8. some shorts covered at the close otherwise algos set it on the carrier perfectly........tomorrow should be interesting

    ReplyDelete
  9. "buy the dip"......"the fed has CONtrol"........."the fed put"......."the economy is strong"........all these memes occur at market tops

    ReplyDelete
  10. https://www.msn.com/en-us/money/markets/analyst-who-predicted-2008-crash-warns-of-bubble-brewing-in-household-wealth/ar-BBOyEqb?li=BBnbfcN

    “The U.S. household wealth boom since the Great Recession is a sham, a farce and a gigantic lie that is tricking everyone into believing that happy days are here again even though the engines that are driving it are bubbles that are going to burst and cause a crisis that will be even worse than the 2008 crash,” Colombo said in a video he posted via the Real Investment Advice blog.

    ReplyDelete
    Replies
    1. too many bubbles....so little time....but as Buttfox has always said "its all good".......lol....don't wurry be happy, uncle daddy will take care of us

      Delete
  11. NAZ divergence is FUGLY!..........reversed from LEADING UP today to LEADING DOWN.....BEARISH move and since I don't bother to look any longer at key support, i can only guess that at 1224 eastern time we are about to go to hell

    ReplyDelete
  12. Interesting fact: In China 74% of a family's wealth is in real estate (home) whereas in the US only about 25% of a family's wealth is real estate. Talk about reverse diversification. Now that is some bubble (74% in a single asset).

    ReplyDelete