It would seem my methods are doing okay... My rebalancing hypothesis played out across the board. It's all just frontrunning MF and ETF flows/rebalancing to extract trading profits. One giant glorified theft operation from investors/asset owners by HFT quants and market makers.
Good luck. I'll stick with the patient but robust strategy of encouraging people to vote their values/true self interest as consumers, producers, and investors. Sustainable power/influence comes from actually creating value, not effectively stealing it.
The destruction will be of those who've engaged in nearly infinite abuse of what is actually quite finite real asset leverage. The glorified theft went to far, and now many understand the true cause of our distributionally driven demand destruction.
You're entitled to your opinion, but not to assert everybody else's opinion. That is ultimately for them to decide. And one poster today explicitly said he'd followed my posts since LULU years ago. Not typically something you do if you don't respect what someone has to say...
Low volume. Health synthetic leverage ratio... Works until it doesn't. Or until investors decide it's extinction time for those that rob them daily.
It's just starting to get interesting Sybs. Still certain about $800 gold? The ONLY thing that is certain is that essentially fraudulently priced financial assets will lose value in real asset terms...
Of COMEX gold. Will be a bummer if the GLD lower deck play doesn't provide the working physical.
Thanks. Nice to hear. Soon, people will understand just how much the cost of capital subsidy has inflated cash from operations in these growth ponzis. The Fed made a massive strategic error given money to TBTJ PD MM via QE because they abused it for trading profits and created epic distortions that now will have to unwind.
Enjoy the holidays. 2015 will be good for investors...
Said differently, I allow for the possibility that all these misplaced actions could be groupthink gone awry rather than intentional exploitation of the broader public. Fear is powerful and the Fed/TBTJ are afraid. They are trapped by system level and distributional constraints they do not understand because they have no grounding in what 80% plus of the people of this country experience because of the financial asset ponzi...
They still can do the right thing.
And that's what makes me different than you. I don't want instability or collapse because I lost some money... I'm focused on how we fix the #$%$ that's broken without unnecessary pain for all. You are a fraud yourself.
And that's the difference between us... I don't need you to suffer to do well. I focus people on that which creates value, not that which simply redistributes it. The vast majority of our societal resources are "invested" in zero sum or value destroying financial games rather than value creating innovation or production in the domestic economy. No amount of financial engineering can save the financial asset ponzi. Each day we extend and pretend, we make it harder to recover because of path dependence and perishable (people's time and talent) resources are being underutilized (phds focusing on algos to take from others rather than creating solutions to our real challenges).
Merry Christmas philjoe.
Paul Craig Roberts is accurate below. But, he's wrong that the truth has fallen. It is just starting to truly emerge. Those that have oppressed the masses through the Glorified theft of the financial asset ponzi cannot succeed without our continued submission. Fractional reserve banking inherently depends upon the support of the people and without it can collapse in a heartbeat. As long as we vote our values with our wallets, both as consumers and investors, market forces will bring value creation and value capture back into balance. Failing that, TPTB will discover that we are all equal in death and that they cannot take it with them (which also redistributes wealth, but via the inheritance tax). Failing to restore the integrity of the financial system will only lead to certain collapse, not only of the financial system, but if social stability, which is infinitely harder to overcome.
There is a semi stable path which creates an incredibly high powered incentive for value creation and is stable. TPTB will still start with an advantaged position, but their "wealth" will have to actually create value or it will decay rapidly...
Make them onboard all the return free risk and you take risk free return. Convert consumer oriented float scams to cash, gold and INVESTMENTS in domestic producers, $ for $ without leverage each and every day. They are hyperlevered against fundamentals.
And they are desperately trying to save the most damaging of the Protection Rackets, whose cost structure will prove not to be advantaged once we have factor cost discovery... The restricted stock COC subsidy of non cash comp inflates the CFO there... "Invested" encumbered customer and vendor funds rather than discretionary FCF into its buildout. Some folks could get Corzined if things go haywire...
Reflexive rebalancing ETF stuffing. Next quarter, it does the NFLX drop. The "market" is just a tax on investors and asset owners by HFT and MM, while shifting future losses to ETFs having Fed puts behind them.
To raise cash and buy gold. We're going to break one way or the other and cash + gold is robust to either path. (Actually, gold alone is given accounting identities and math, but feel free to raise cash so you can use their predatory smackdowns to further effect.
Concentrate on Protection Rackets, but broaden to all financial assets.
Admittedly, I was early, but I said that all the ETF stuffing did was buy time. They actually bought a quarter with GS's pumpgrade to start Q3. Nonetheless, 480 to 330 ish is a pretty good drop. Much more is warranted. This has been a vehicle for glorified theft, along with all of the Protection Rackets as they kill jobs with uneconomical business models supported by a cost of capital subsidy from abuse of options, knowledge of positions, control of float and access to leverage.
The "market" has been run for HFT and MM at the expense of investors and asset owners who can fight back simply by converting Protection Rackets to cash, gold, and domestic producers, $ for $ without leverage.