It’s been a rough week and I can sense the exhaustion here and in various waterholes I’ve been poking my nose in lately. Unfortunately there’s really nothing to be done here but remain patient, emotionally balanced, and vigilant. Patient in respect to lasting through what has effectively been a year long sideways market (with a quick downside correction mid year), emotionally balanced in the context of our own participation, and vigilant as to not miss out on a juicy entry opportunity when it occasionally represents itself. All in all we have done extremely well this year and surviving this mess means means we have been sufficiently battle hardened to take advantage [...]
It’s hard to keep up these days with the laundry list of potential market disruptors we are facing on a monthly basis. As I’m typing this Draghi is still dishing out empty rhetoric to anyone still cares following along after eight years of experimental monetary policies. Not surprisingly the Euro is in whipsaw mode as participants are feverishly weighing every single words for hidden coded messages or signs that free money train may one day come to an end. In the end it’s nothing but noise which will soon be forgotten as soon as necessity or convenience once more trumps public interest. Which incidentally seems to happen a lot nowadays, doesn’t it?
I don’t care what party you belong to or what your political beliefs may be – Democrat, Republican, Libertarian, or Constitutionalist. But when evidence of organized wide scale vote rigging comes to light then it is time to pay very close attention. As a naturalized passport carrying U.S. citizen the claim that systematic voter fraud may have been going on for several decades deeply depresses me. If the most basic mechanism of the democratic process – i.e. voting – has effectively been subverted then the edifice of our nation is crumbling and may just come tumbling down.
Yesterday’s low participation stop run on E-Mini came within a tick or two of my current trail which still sits near my break/even point. I assure you that there was no foresight or technical skill involved whatsoever and I’ll ascribe it to pure luck. We’ve had quite a bit of that in the last few weeks and it tells me that I probably shouldn’t push my good karma quota and treat lightly.