DrStool Posted January 7, 2021 Report Share Posted January 7, 2021 This is an hourly chart of the ES- S&P 500 fucutures, 24 hour basis. As they say in my hometown of Philly, "Hard to believe, Harry." It's like somebody took a bite out of the middle of the thing this week. It almost made a new high while the US Capitol was under attack by a Nazi mob, a mob that the US Capitol Police allowed in, and allowed to roam freely, giving them minimal resistance. As always, if the cops aren't leading the violence against the American people, they are complicit in it. There were a few brave heroes who stood their ground and did their jobs, but the bulk of them were opening the gates for the mob, and yukking it up with them. Where was the force necessary to stop the attack, so evident in other cases of police "crowd control" over the past year? Why were the attackers allowed to simply walk out of the building with no attempt at containment or apprehension. The US Capitol Police were complicit. They were collaborating with the enemy. We live in a thinly veiled fascist police state and remain in grave danger, despite the outcry yesterday from a few leaders in the Fascist party, who've suddenly and belatedly gotten the religion of democracy, the Constitution, and the rule of law. My thought for them is, "As ye sow, so shall ye reap." Got bless the USA. Cycle projections are meaningless until further notice. Meanwhile, stay safe back home. That virus is still coming for us. Thanks to the few of you who still stop by. Lee Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 The amount of business I've lost for expressing my views over the years has been staggering. Breaks my heart, but in terms of the universe and our ultimate end as a black hole singularity in a couple trillion years I guess I really shouldn't care. For each one of us, our instant of consciousness is all that matters. Must be true to that reality, whatever it is. Link to comment Share on other sites More sharing options...
Jorma Posted January 7, 2021 Report Share Posted January 7, 2021 TNX 10.71. Something is going to have to give. Link to comment Share on other sites More sharing options...
No Einstein Posted January 7, 2021 Report Share Posted January 7, 2021 53 minutes ago, DrStool said: The amount of business I've lost for expressing my views over the years has been staggering. Breaks my heart, but in terms of the universe and our ultimate end as a black hole singularity in a couple trillion years I guess I really shouldn't care. For each one of us, our instant of consciousness is all that matters. Must be true to that reality, whatever it is. AMEN I really don't think I ever feared death, i do not welcome it but why should I fear it...I was dead 13.8 billion years before i existed ..."the now" is what is important Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 In effect, there is no reality. There's only a flash of individual consciousness. Beyond that, nothing exists. Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 Testing. Testing. ffffffff fffffff Test 1 - 2 Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 8 minutes ago, No Einstein said: AMEN I really don't think I ever feared death, i do not welcome it but why should I fear it...I was dead 13.8 billion years before i existed ..."the now" is what is important I've been dead, interrupting my moment of consciousness. It was nothing. Really. Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 On this day, I really don't have the heart to trade. I don't have the heart to promote my business. It's an exercise in futility anyway. I've lost half my subscribers since the March bottom. Despite being right about the market week in and week out with few exceptions. Why bother? I must press on. We'll get through this. Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 A breakout here would support the validity of a 2-3 day cycle projection of 3785 Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 The raison du jour will be that the market is celebrating the failure of the Trumpist Nazi fascist coup. BUT the vermin are still out there. Unapprehended, unpunished, supported by gestapo police forces, who are above the law, in every city. We have many long nights ahead of us. The fight for democracy and the rule of law is only beginning. Link to comment Share on other sites More sharing options...
potatohead Posted January 7, 2021 Report Share Posted January 7, 2021 We are living in a world where asset prices are a matter of national security. Maintaining the debt ponzi scheme at all costs. What we saw yesterday and just like with liberal protests is a growing frustration of income inequality at its foundation. The pin to this entire political system is inflation. Financial assets have been hyperinflating relative to wages. If the cost of living actually begins to rise, in the same manner it will not be the left or right that will feel threatened, it will be everyone. Inflation does not discriminate. The Fed can raise rates and stop this monetary madness, but they can’t because asset prices will crash. This is not a political statement but rather someone trying to follow the money. Link to comment Share on other sites More sharing options...
potatohead Posted January 7, 2021 Report Share Posted January 7, 2021 Lee, from a purely monetary perspective, do you see ultimate inflation as the path of least resistance? My sense is that inflation and velocity need confidence to break in the dollar or fixed income markets. I feel this has already begun since last March. Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 I'm agnostic about consumer inflation. It depends I guess on getting money into the hands of those who spend on broad based consumer goods, rather than just assets. If the $2000 stimmy is a down payment, then CPI should tick up. The other thing is that they don't count housing prices, which are inflating at 12% per year. So if that were included at its current weight of about 35% of core, then add about 3.5% to CORE and you have the actual overall CPI rate. On the other hand, if the mortgage subsidy goes away via higher long term yields, then that housing inflation rate would come down, if not reverse. The Fed will need to buy a lot more paper under the developing circumstances. https://liquiditytrader.com/index.php/2021/01/06/now-that-were-through-the-month-end-qe-shortage/ Link to comment Share on other sites More sharing options...
Jorma Posted January 7, 2021 Report Share Posted January 7, 2021 TNX is breaking out but mortgage rates are barely above if not below a month ago. http://www.mortgagenewsdaily.com/mortgage_rates/daily.aspx Fed repo desk dead. No stress there. https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000 Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2021 Author Report Share Posted January 7, 2021 There's zero need for repo when the Fed is cashing you out at $200 billion per month. Link to comment Share on other sites More sharing options...
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