Sunday, February 17, 2019

ROME BURNS BUT MY POOL MAN IS ON TIME

Thousands of pools today will have their pH checked and adjusted as their pool man cleans and maintains them for their McMansion owners. The owner will sit in the breakfast room watching the work performed while perusing his/her stock portfolio and feeling much less anxiety than eight weeks ago. In other words, in less than a few weeks the crisis of late last year is now officially over. 

Better yet, we've managed to create so much CONfusion within Trumps administration over policy, that no one is certain what is being done within our economic borders. Just like Obama, Trump smiled and told Amerika to "buy stocks" after CONvening the President's Working Group on Markets (PPT).  Mnuchin met with the Bankers and PRESTO we have ignition. 


Buffett Bruised As Kraft Crashes To Record Low After "Barrage Of Bad News"....bruised?...try beaten shitless



Howard Marks: The Most Dangerous Thing The Fed Ever Did Was Convince Investors That "It's Different This Time"
















So its all fixed....right? LOL......not exactly.....you see, there is something called the "economy" and that little thing is NOT humming along. All of the QE gasoline just didn't really get the true underlying economy going. In fact, I maintain it HURT the true economy in many ways by propping up with malinvestment the very WORST aspects of the economy (like the banks, real estate, health care) that got us into this mess in the first place. So now here we are with a steaming pile of shit that masquerades as an economy. LOL ....what to do? what to do?


SocGen To Fire Thousands Of Bankers.....hmmm...sounds all good doesn't it?


We will print this year. We will lower rates this year. Rome is burning and we can clean our pool now but it doesn't change what's really going on right now in the REAL economy here AND around the world. tic toc. Hang tight. I wrote this just just to remind you and for space to put up new vids lol........gl









19 comments:

  1. Let's use the pool water to flood the Rome fire. It is all good. LOL LOL'.....

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    Replies
    1. lol.......miners ripping and no one in them.......they are good

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  2. I am in them GPL AG EXK AXU FCX FSM - one of the most difficult positions
    to take over the last 3 months - pure blind faith that the miners were
    reaching bottom and there was nowhere else to go but up. Why are they
    ripping - big picture I think the very real threat of US socialism and
    accompanying MMT - which eventually always destroys the monetary base.

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  3. lol.....now THAT wuz a nice move.......

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  4. Peter Lynch "rule of 20":

    The Rule Of 20 Can Make You Plenty. ... If you listen to Peter Lynch, investor extraordinaire, his “Rule of 20” states a market equilibrium P/E ratio should equal 20 minus the inflation rate ... We are at equilibrium

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    1. lol.....are you referring to a bygone time when the Presidents Working Group and the FED didn't operate a daily buying operation of SnP futures and unlimited money printing to prop up the illusion there were actual markets lol......in the "old days" we had specialists that did this service for the markets and actually bought the shares to support the stocks they were assigned to on the NYSE floor ...that was the pool for manipulation......these market makers have been replaced by the algobots to maintain the illusion we still have markets operating with buyers and sellers so that arcane metrics like P/E actually matter.......eventually inflation will force their hands but until it exceeds a "red line" then they will just bleed us with a death by a thousand cuts....

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    2. "in the old days" there were "dark pools" that existed within the manipulation matrix.....what exists today are dark pools that have fed money printing with unlimited printing ability.....so I have to guess how far they go with the illusion. in the old days they hyped the run until the suckers/dumb money were left holding the bag then pulled the trap door with greed then turning to panic and then after the wash they repeated the scam. i think they'll do the same but they have a big printer behind them with the whole system at risk........

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  5. Just showing my age, - I can remember when Lynch ran the largest mutual fund (Magellan) and investors listened to him. Darn, I am OLD!!! LOL

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    1. lol........yup ......its too fochin crazy now.......hope there's sumthin left that resembles a market so my mining bet pays.........hehehehehehehe

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  6. Poor CS/Buttox.......showed up last year right at the bottom of gold and the mineers............lol

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  7. Not saying anything re: GPL as handle should form. Short squeeze on EXAS today- held off on exiting but Mon if it doesn't correct I will...

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    1. treacherous market if you're leveraged but no problem sitting on this move from a longer term perspective....wanna see 1500 this year on gold

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    2. meaning that over 1450 before i take significant profit

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    3. OK SS re: GPL - I will say it: GPL has been on fire! There may be
      a little pullback, but when that has happened over the last 2
      months, it was aggressively bought, no doubt we will see $1+ again.

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  8. No leverage here- sitting on a pile of shares just watching and waiting for a move to solidify. Some interest developing, but a liitle whipsawing going on.

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  9. https://www.technicalindicatorindex.com/subscribers/guest-articles/McHugh%27s%20Article%20A%20Corrective%20Decline%20Approaching%20within%20Gold%27s%20Long-Term%20Riisng%20Trend%20%202.22.pdf

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  10. I am ONLY staying long here while fully realizing that a pullback WILL occur.....problem is the pullback may be after another 10% rise in my miners and may then only pull back 8% leaving me chasing with what I tried to trade......love the problem since any pullback now is viewed a technically healthy....lol.....lots of TA calling for pullback which makes me not wanna trade here.......again lol.......at the current uptrend slope we could just see a continuation of the current pattern another 30%......hehehehehehehe .......CONfounding most traders

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  11. whatever they do will make it MOST difficult to profit from during this run.....just look what they did in early 2016 run.......just ran it almost straight up with just a few brief sharp pullbacks then chopped up all top buyers for 3 months before slaughtering the new leaves.....lol.....ran all the newbie miner holders out for good.......hahahahahahahahah

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