I’m going to share a few tweets I made in recent hours to offer a few tidbits from what I’m thinking. If you don’t follow me on Twitter already, please do so, since I can be a real hoot sometimes. Anyway……..
Yesterday, I decided to make the helpful guide below, since God knows we’re going to be reminded constantly why stocks are going to rally Real Soon Now. Of course, they will, from time to time (like last Wednesday’s horrorfest), but it’ll always wind up for naught.
I tweeted last night how they were defending the 4056 level on the /ES like mad. For a solid week, Powell and his minions had their supersuits on and made sure to throw in the “buy” orders any time the level was threatened.
Well, I’m pleased to say they’ve all dropped their breaches. The line is acting as a magnet now, as opposed to a supporting wall, but at least we’ve busted through. Remember, our target is 3800, which is a delicious 250 points from here.
Long-time readers know of my contempt for ANY government employee. Here is more fuel for the fire – – a simple illustration of what kinds of business and entrepreneurial experience those inside the Federal Reserve possess. These are basically who were born on the government payroll, and they’ll die there.
Of course, not an hour can go by that I don’t lob a frag at Cathie………..
I’d do the same for the clown below, but he’s blocked me. Can you believe this nonsense? Worse yet, can you believe this guy (who seriously does like one tweet every couple of weeks) has seven TIMES as many followers as your beloved Tim? Appalling!
Anyway, I’m obviously very pleased at the bloodbath in futures this morning, but experiences like last Wednesday have made me ceaselessly paranoid about what kind of crap might come down the alley. But the simple fact is that every single one of my positions has a gorgeous chart with eye-popping amounts of room left to drop, so I’ve just got to remind myself………THIS is a bear market, and ultimately it will behave as one.
