Maintaining the illusion of confidence, permanence and stability serves the interests of those benefiting from the bubbles and those who prefer the safety of the herd, even as the herd thunders toward the precipice.
The week forthcoming stands in sharp contrast to last week, which was action-packed with economic reports. However
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The week had an ominous feel. en-year Treasury yields dropped another seven bps to 1.29% – completely disregarding much stronger-than-expected reports on consumer and producer prices. Treasury market notwithstanding, inflation has become a problem in more ways than one.
Here are a couple of my favorites, against which I’ve got a gajillion put options that don’t expire until October.
FEEDWell, the pre-market was bright green across the board this morning, but things quickly weakened once real trading started I remain fully in position with all cash deployed into bearish plays. I continue to be most enthusiastic about energy shorts,…
Away? No, but they do slow down in their old age.
And god this is getting old.
They found the trendline from the June 20 low yesterday. Broke it slightly. Also slightly broke the 5 day cycle projection. I said then that I expected a rapid …
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
He hates energy and loves gold.