Don't forget to grab our Apple Event Guide. It includes access to the chatroom for the day.
Welcome Back! I hope your summer went well. Now we all have to hunker down and look forward to a gloomy, cold fall and of course wonderful winter ahead. Unless of course you're a daytrader then you should be in a place where it never ever snows. Let's talk about fantasy. Fantasy is expecting the markets to somehow price in the uncertainty in the world more fully. Fantasy is hoping idiotically that central banks will finally leave these markets alone to perform their natural functions. Don't like where I'm going with this? You can stop reading now. But for those of you who want to do some serious reflection, let's explore the reality of the situation we are all in. These Central Banks are so used to controlling these markets they will never loosen their grip. It's like an Asian dictator not wanting to ever let go of their newfound powers. Why would they? I mean, think about it. You're a simple academic who suddenly became the most important person in the entire world. Why wouldn't you try to enjoy the limelight a little bit longer and enjoy the attention? Don't forget to grab our Apple Event Guide. It includes access to the chatroom for the day. Reality is these crazy markets are here to stay. If you've been able to profit from it since 2011 then I have the highest respect for you. The central banks have done their best to make it into a Buy and Hold market and those of you who simply ignored the stupidity of it all and played along made money. Don't believe me? Ask the people who bought TSLA at $80 back in 2011 or 2012. TSLA is now at $200 for better or worse. Not enough proof? Look at a stock like VRX. It was trading below $90 back in 2011. It hit a high of $211 before its epic drop to $28. The people who have lost considerable amounts of money in this market since 2011 are the ones who still cling on to the belief that reality is priced in. Reality is what the banking cartel makes it. This is simple enough. If you're sick and tired of it then you have two choices: A. Play along B. Stop trading. Do not be so naive to think you'll be able to change the status quo. There isn't a Banking 'Arab Spring'. While it may be easier to take down a middle eastern dictator, it's not easy to take down a global cartel made up for major central banks controlling all of the world's wealth. To destroy the cartel would be to say goodbye to our monetary system. Don't forget to grab our Apple Event Guide. It includes access to the chatroom for the day. This has always been a topic of contention among traders and market enthusiasts. Everyone is worried about what the end game will be. Of course it's never going to end well but again, I'm being pragmatic. I'm just one man and I cannot go against a central bank which has the backing of the government. The best way I can survive through this mess is to trade it day in and day out. Just bask in the stupidity and take advantage of the easy money. Don't know what I'm talking about? I'm talking about the silly 3 or 3.30 PM ramp every day. I'm talking about the constant VIX slamming. I'm referring to all the stupid adverse moves in the market that have become commonplace. I'll leave you with the old market adage that never gets old: "The markets can remain far more irrational than you liquid." Don't forget to grab our Apple Event Guide. It includes access to the chatroom for the day. So to those of you still thinking that reality will return soon, keep thinking. Perhaps try dreaming. I'll just be here busy milking this big pile of cowdung for all its worth. Have fun this Fall! G Don't forget to grab our Apple Event Guide. It includes access to the chatroom for the day. |
Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
|