Moments ago, I held my breath and await the goddamned CPI number, and, sweet baby Jesus, am I glad to see what I’m seeing – – – RED HOT inflation and the world blowing up in Jerome Powell’s wicked face:
Even with the government’s fakery and politically-driven lies, they couldn’t cheat the numbers severely enough to get away from the fact that the annual inflation rate is supposedly 7.2% (which means it’s probably almost 20%).
Of course, I’m pissed off because I am LIGHT LIGHT LIGHT on my positions and basically want to be short everything with a ticker symbol at this point. I’m in 25% cash, and it pisses me off. But after what’s happened since January 24th, there’s only so much unlubed thrusting I can endure.
The market gods were INCREDIBLY CRUEL to drive levels to where they were, because they were ONE TIC AWAY from violating resistance levels! JESUS CHRIST!
In any case, I obviously hope bulls get the holy hell blown out of them today. EVERY SINGLE ARTICLE I read, even from ZeroHedge (which has become a Bitcoin-cheering, Permabull website, weirdly) was talking about how the market was absolutely going to explode higher today.
Guess not.
