To be referred to in the future as a Japan-style crises
Monrio failed to clean up the plate glass window he smashed to get back into his trailer home, lacerated his left foot on a glass shard, so had to get yet another 167 stiches.
So basically he looks like a football at this point.
Worse yet, he was in such a hurry to get to the hospital that he locked himself out, so was left sleeping on the porch again last night.
Not clear why he didn't just climb in through the previously broken window, or why he keeps the house key separate from the key to his 1982 dodge truck. Such are the mysteries of Monrio.
When he does regain access to his domicile, it really is time to clean up the recently decapitated chihuahua, as that is one of those things which does not improve with time.
Please recall ye olde Wall Street adage: "do not chase lead"
Monrio keeps doing this because he has not heard a fat lady singing, or seen anyone stick a fork in it, and seems to think that is the signal to sell.
Actually, that date is next week, but close enough, and failure to break out to new highs combined with such a narrow acceptable trading range, means this market is at great risk of a fairly scary crash.
Like right meow.
the strategery mostly consists of not going Full Monrio
no reason to Full Monrio
the thing about deja vu is that it has happened before
but peak smartphone suggests it is upside limited
if the economy could actually heat up some then the market, sox and commodities could all be set up for a substantial rally
not out of the question but no current reason to be expected
far more likely that the economy has topped out, when QE3 ended, and that all that happens meow is trapping sheeple in various rally attempts before a steep decline
that is certainly what the big money is aiming for
so meow continue to hedge and maybe catch a nice silver or natural gas rally, hedged with bearish producer ETFs
even intc is a hedged trade, with only volatility required for it to work out
its all good
no reason to Full Monrio
After a second night sleeping outside, Monrio got motivated and smashed his living room window with a rock, to get back into the trailer home.
Unfortunately, a piece of the plate glass decapitated his chihuahua, and in his effort to climb back into the trailer, Monrio suffered multiple lacerations about his face and lips.
Bleeding profusely, he called 911, then noticed the kitchen window was open and so shut it.
The paramedics had to break into the trailer to get him, which is not difficult as the front door has louvered window built into it. So they reached in and unlocked the door.
They then rushed Monrio to Hillybilly Memorial Hospital for a few hundred stiches to his face and lips.
The chihuahua did not fare so well.
Lots of articles by various banks essentially telling the same story, that the dollar has possibly put in the low for the year and that the Fed will raise rates, faster and further than any other country.
Not the best environment to be long commodities or risk assets. Doesn't seem likely that the Fed will raise rates more than once before the election but after that, the rate increases will continue till rates are normalized.
Seems the Fed has some understanding that ZIRP was used excessively, and how damaging that has become to business models and capital allocation. QE did prove effective as a short term policy tool, but should not have lasted so long.
Thing is, the market will try to price in those future increases BEFORE the election, and that would also be affected by Trump taking a commanding lead over Hitlary.
Meanwhile, the market sits at the precipice..right meow, just hanging out there, getting comfortable with the idea of a 500pt decline.
this could get ugly