PLANES
This morning, we were well intent on seeing this market rally but a series of very fortunate events prevented us from being ready at the get go. We heard of planes escorted by fighter jets circling the New York skyline. European currencies rallied...
DRAIN: Trading session in the drain...
Instead we were saddled with a cracked laptop screen and the backup was an ultra slow desktop. This required sourcing a better solution for trading futures and spot currencies. A $4K quad screen setup should arrive UPS sometime next month... Perfect cause the Japanese are going on extended vacations, the French never work in MAY ( July, August, 1/2 December, 1/2 January)... goign to be a falling market... Perfect to trade on trends rather than on merit!
MEANTIME
That took care of the morning, while keeping an errant eye on the market. With flu pandemics, drug stock rallies and by the time lunch came around the markets were down and we hadn't either made nor lost money...
This is one of those days were you realize too many people with too little capital are trying to make the news. This is again an ominous sign that the equity market is ready for a major fall.
TREASURY driving US taxpayer in the drain too
With so much Treasury issues in the bond market coming this week, we find it pathetic to see the FED feeding the markets with just enough bids to lose traders in the forest with very mean wolves hungry for the kill. Mind you, the only ones biding up Treasuries at this point, are probably, the loser banks using TARP money. The shills at CNBC make alot of noise about the banks that want to repay. WE WANT TO KNOW ABOUT THOSE THAT CAN'T REPAY!Always easier to spend money when it's not yours to dish out...
OTTO! Jetzt hergekommen!
Time for BAM, the little red riding hood WITH FIAT money, to visit the Detroit crips and other welfare BUMS. Time to let it all hang out with GM. BAM will not fail (trying)to keep GM a useless shell, but we fear GM's greater contribution to socialism will be to make BAM fail to keep his electoral support intact. The middle class has counted this administration 100 days of grace. Their thumbs look just about ready to change direction. Can the market be far behind?
Caveat Emptor!
GOOD untrading to U
DCW
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