[Diming the Channel 1/32/24]

It's been a couple of weeks since the FTC approved Cyrpto ETF's.  So we are getting into decent interval territory. wherein there is a moonshot and just enough distance from a major policy decision to give some plausible deniability.  This isn't a prediction but just a model. 

You know Crypto isn't dependent upon double entry bookkeeping and double entry bookkeeping is a problem if you want to get to Mars.

[Waiting for the Dough Day 2 - 1/31/24]

OMG, we haven't been this low in 12 days. The horror!

[Waiting for the Dough Day 2 - 1/31/24]

It's about time for one of Jay's greatest hits

 

[Watch Out for the Elephant Dung 1/30/24]

I wonder why the FOMC hasn't gone back to the one day meeting? I remember that the crowd went wild when they had the first two day meeting but I can't guess when that was.  At the time I wondered what would happen if they announced a 3 day meeting but all these years later going back to one day would have made more sense. I'm sure the lunches are nice. Do they get dinners too?

[Hourly Pattern Still Bullish 1/26/24]

It's hard not to be bullish when we can look forward to Crypto merging with AI.

[I Warned You This Was Coming 1/19/24]

48 minutes ago, MisFit Kid said:

Is this the Trump won IOWA, we better do something rally?

>: a 100 point ripper on the SPX ain't what she used 2 be,

Officer Barbrady..."move along, nothing to see here"......

No. On the news front it's the passage of a 7 week funding bill. Everyone was worried the hard core in the House was really going to do it this time and shur er down. So silly.  No, little Mike Johnson did was all other congressional GOP leaders have done for years  after they get an offer they can't refuse. They fold.  Now who delivers these offers they can't refuse I'll leave you to guess.

[Rebound Rodman Team US Stock Market 1/18/24]

I saw on the internet that BTC is going to a million.

Did you IBIT? Did IBIT? 

https://www.ishares.com/us/products/333011/ishares-bitcoin-trust

 

[Love at 3 AM 1/11/24]

Hell, maybe this Crypto thing won't work out but they are going to give it a try. Who is they?  Everyone who wants more money.  Which is everyone but us old fools.

[Love at 3 AM 1/11/24]

 Crypto derivatives could be the hydrogen bomb of liquidity.  Enough to get Musk to Mars. The world has passed us old fuddy duddys by.

[80 More S&P Points Down Straight Ahead]

Like a story that starts with a lottery winner and that soon involves strippers, a story about Crypto and then hedge funds is certain to end in tragedy.

Crypto hedge fund CEO may not exist; probe finds no record of identity

https://arstechnica.com/tech-policy/2024/01/crypto-hedge-fund-ceo-may-not-exist-probe-finds-no-record-of-identity/

[Santa Lives, Uptrend Intact 12/22/23]

I think this year wraps it all up. Interest rates will never rise again. Low rates are permanent.

Nobody actually cares about balance sheets. It's a show me the money world.

Maintaining abundant liquidity is America's #1 global strategic concern.  Greenspan nor Jerry were or are responding to simply economic concerns. Any serious bout of deflation could mark the end of American global supremacy. Put yourself in their shoes. You risk that, because of a balance sheet? 

Nobody gives a flying fuck about balance sheets.

[Santa Lives, Uptrend Intact 12/22/23]

I agree with they guy who said Santa has certain maniacal tendency's.

 

 

[Silent Night 12/20/23]

5 hours ago, DrStool said:

They're blaming zero day options expiring today. 1 million contracts  expiring on the SPY at 475, they say. 

I'm blaming Godzilla minus one.

[Trend is Intact, But Momo Flashes Yellow 12/19/23]

I was never quite sure what the numerology was saying but I don't think it was this.

[Do Not Adjust Your Set 12/15/23]

26 minutes ago, DrStool said:

I've also been working on my French lessons, and starting a bathroom renovation. 

Sounds like you'll be able to continue your practice in French then. 

[Stocks in Trending Mode 12/13/23]

Meanwhile

 

 

[Stocks in Trending Mode 12/13/23]

I haven't believed TNX would go much higher than 5% or stay there very long at least until there was a correction.  Sorry Lee. It was these stupid charts that kept saying so.

[Home on the Range Update No. 9,999 12/8/23]

Saw a blurb saying CA is looking at a $68bn budget shortfall  because of falling revenue. The story of the year is weak withholding taxes. It simply does not jibe with observation. Who isn't paying taxes and why?

Everybody knows Jerry is going to 'cut rates' by March. Which means QE and everyone wants it. Everyone.

[Home on the Range Daily News- 12/7/23]

9 hours ago, DrStool said:

Seldom is not never. 

I visit the range every year. It's discouragingly discouraging how discouraged people are out there. Fed by media crafted grievances. It is a monumental tragedy.

[Home on the Range Daily News- 12/7/23]

Remember, no discouraging words on the range.

[Gold is Dead - 12/6/23]

41 minutes ago, fxfox said:

Who has the pants on? The Treasury or the FED?

I say. The Treasury.

Yellen will do ANYTHING to prevent a serious downmove in 2024.

It is all about the election in 2024.

Treasury, Fed, and everyone in the whole world who's wealth is high measured in asset prices, and little people too, are on board with more central bank money. Everywhere, everyone.  Nobody is against it. And everyone knows more is coming.

[November Been Berry Berry Good To Me 12/5/23]

Bears used to get so bearish they would start chewing the tires off their trucks. Now there are no bears left and the only ones chewing tires are dogs.

https://jalopnik.com/italian-town-discovers-true-cause-of-slashed-tires-and-1851074137

 

[Stuck in the Middle With You Rerun - 11/31/23]

Plunging fast now. Piling into anything.  Don't think RRP is going to last till April. Not to worry, there is never going to be a shortage of money again, I guess.

https://fred.stlouisfed.org/series/RRPONTSYD/

 

 

 

[All Right You Turkeys 11/22/23]

57 minutes ago, DrStool said:

If they advertise it, you will come. 

That's right. Here Is the Doctor circa 77 in his leisure suit next to his hot Chevy Vega.

 

 

[Crossing a Range is Easy 11/21/23]

I just saw on YouTube that if you buy 10 shares of Tesla you will become a millionaire. Is there going to be a stock market by the time Musk is president of the Republic of Texas, or X? If so then could be.