This may come as a complete shock to you, but this may be the first time in modern history that a German has won a comedy contest, and without British assistance. Yes, just let that sink in for a while. Now I already know what you’re thinking: If this isn’t a clear sign that the West is heading straight into the new Dark Ages then I don’t know what is. And I would agree with you, but let me explain. It all started with Howard Lindzon snapping a screenshot of Marc Faber, a.k.a. Dr. Doom, who was trying out what must have been his new comedy routine on MSNBC, suggesting that the Dow may at some point touch the 100,000 mark. So Howard snaps a screenshot and puts it on [...]
We’ve got a lot to cover today, so I will spare you the pleasantries and dive right in. Yesterday’s session once again must have been frustrating for many participants due to a continued lack of direction. But I expect resolution to be delivered swiftly and brutally as the equities are now coiled up like the proverbial snake.
Fun fact about the featured video: Saga used to be my favorite band as a youngster and I wound up attending that very concert back in 1991. Took me a long train ride to get there and after the show I ended up sleeping at the train station as there were no return trains until early next morning. Now if you’re under 25 years old and are breaking out in hives when being exposed to 1980s style synth pop then you may want to point your browser here for some similarly themed eye bleach. But when it comes to actionable information it is message is that matters, not the messenger. And we do have technical progression on the equities side that requires our attention:
Although intra-day volatility has dropped significantly the new script now is to sell off anything that has been bought during the prior session and then the reverse. Which means hopping on a short term trend has been pretty easy, but keeping your ill-gotten gains can be more tricky once the night crew descends on you with pitchforks and sharpened spoons. After months of sideways churns participants are apparently not in the mood for taking prisoners. Be prepared for bloody street brawls in dark alleys as the direction can switch on a dime and the bots begin their nocturnal stop hunting sessions.