Menu Close

Dreading the Red

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading