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.(more…)