Takachi-1

you make money, 99$ don't better to miss an opportunity than access a wrong one

completely on board with your liquidity thesis, but the market does bob around inconsequentially in very short (hours/day) terms based on the bullshit. As an aside I did see the average tax refund was approx. the same, but there were many fewer refunds for which no one had an explanation. Perhaps incomes and employment are not as rosy as reported.

At some point the market has to reflect, even if just for temporary pullbacks, that the economy is not as rosy as all the lies would portray. Once in a while reality matters.

"Is it my imagination or has this been difficult to trade for the past two weeks?" I have had to fight like hell just to only lose double digits for the day. the normal patterns I trade into are inverted and not their normal reliability. I should be getting rich on the PM move, but I am so scared of the precipitous drop that always comes out of nowhere that I am barely in it.

thought I could scalp a couple bucks off the Nat Gas dip but someone big must be short and wouldn't let it happen

was taking a nap, what was the news or whatever

In 1960 my father paid me $10 to read a book "W?hy Gold" that spoke to the impending collapse due to over spending and deficits. I bought the premise and have expected the collapse ever since. As soon as I swear off the premise, the collapse will happen. I know its true, just unbelievable the extent to which it can be violated.

I don't know anyone better than you to distill that out day by day. Really you are extraordinary! Why I'm here.

As I synthesize everything I read, I suspect you are right and we get an overreach in the immediate future. I wish we might have gotten a 10% drop here that might have been healthier than a bigger correction to come after what comes next! My "feel" is seldom more that what looks like a reversion to mean in the next trading day, but I worry about the day when no amount of liquidity can staunch a bloodletting from too high a perch. ETFs are great but if everyone bails at once???????

zuzzwuztwuuz

March futures (current basis for BOIL) have touched these levels a few times in the last 30 years but darn few! It has been a warm winter but Nat Gas also generates a lot of electricity so its not all weather. I'm willing to lose a couple of bucks being early but there's a Whopsaw coming and I don't want to miss it.

Election year will demand QE in some form to project an "all is well" robust market. It may come as a result of mundane forces or demanded to counter a serious dip. Either way, if the current forces holding the market on its current trend abate, I don't see how its avoided. Powell is not a Paul Volker, although I've read he wants to be seen that way. JMHO

question is when they move to a more robust QE

Do you have an opinion on Kennedy?

nibbled at some TYO earlier this morning. I need something to replace my nat gas leveraged play until it gets back to a uptrend