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Dreading the Red

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

I used to absolutely live for mornings like this. I mean, you’ve got:

  • Every single asset in a free-fall;
  • Miserable bulls;
  • The prospects of my positions (both real and pretend) exploding higher;
  • A Federal Reserve which looks absolutely idiotic.

I mean, that sounds like every day in heaven, doesn’t it? I could get used to that, 365 days every year.

And yet every single time this happens — Every. Single. Time. – – whatever traitorous scumbag is heading the Fed screws things up for us bears (and I’m probably going out on a limb even using the plural at this point, even on a planet of 7 billion people). Greenspan. Bernanke. Yellen. Powell. They’re all the same.

But here’s the thing: there will come a time when, unbeknownst to everyone – – me, you, the Fed – – that the market simply will have had enough. There will come a time that however badly the Fed sells off the country’s future, and no matter what shameless machinations ensue – – it just won’t work anymore. And Jerome Powell will stand there, at the podium, absolutely impotent. And the world will learn to hate him as much as I always have. Just him, his limp dick dangling for all to gaze upon, and a once-great Republic in complete tatters.

The fact is that a gargantuan top is still in formation, and should it complete, we could be in for a life-changing collapse. Musk’s foolishness was the cultural high water mark of this insanity. There’s never been a better signal. They say no one rings a bell at the top? The world’s richest man clowning around on an unfunny comedy show was the only bell any of us ever needed.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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