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Nothingburger
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Nothingburger

Nothingburger

by The MoleDecember 18, 2013

This day is basically a complete nothingburger. You just know it’s gonna suck and thus far it has done its best to live up to our vastly lowered expectations. Forget about equities right now folks – the cash indices all look like crap and I don’t trust the index futures, especially ahead of the interest rate decision.

If you absolutely must dabble in equities today then reduce your position size to a maximum of 1/2R – better less. You’ll thank me later and perhaps you won’t wind up pawning your grandma’s wedding ring to afford that Christmas turkey.

UPDATE – Fed going to taper by $5 Billion a month (not willing to lose all credibility it seems) and we’re already seeing wild swings all over the place. Don’t chase this thing!

I had a beautiful silver and EUR/USD setup waiting for you but both got taken to the woodshed just now. So let’s call it a day and I’ll be back in the morning. Sorry for being able to offer anything of substance but this is a textbook ‘sitting on your hands’ day. Better luck tomorrow.

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Cheers,

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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