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Well, today's "action" on the market – – if you want to call it that – – hasn't changed anything I have to say one iota, so instead of wasting my time and yours re-hashing what I've said so many times recently, I will share with you my painful tale from this morning. It sucks out loud, but I've built an audience by being open, so here we go:
Yesterday was, of course, Christmas, and my family hosted a banquet here for the extended family. It went from 1 in the afternoon until past 10 at night, and everything went smoothly. Lots of food, folks, and fun – – sort of like McDonald's, except with much better cuisine and less risk of diabetes.
Since I went to bed late (for me, at least) for two nights in a row, I failed to get up automatically at 5:30 a.m. as I usually do. I actually woke up at 5:15, glanced at the clock, went to sleep again, and woke up at 6:51.
After recovering from this morning's self-inflicted screw-up (it's a long story), I'm trying to do my required duty with Slope – – – here's a new short idea I humbly offer for your consideration. I just entered it with a stop at 31.39
Japan is following in the footsteps of the man who laid the
groundwork for the greatest global inflationary operation of the modern
era. We see the Yen in the top panel of the chart below forming a
similar pattern to that which USD made from 2000 to 2002 as an epic
bubble in credit expansion was being fomented in the US.
"I was making rather merry yesterday, sir. It shan't be repeated!"
Well, a very late start to me, folks. I need to get organized in a big hurry. I'll do a post later this morning. (Oh, the picture below isn't my family, but it sort of captures the aftermath of Christmas)