“if folks really understood what was going on they would be pissed. but most are happy to spot breakouts.” @marketmonk
“Anyone else feel like we are on a freight train headed for a cliff? Oh look the transports are up.” @docjck
Amazingly fantastic day if you’re long. Frustrating day if you were in cash. Disastrous day if you were short. What can anybody say about today’s reaction to the Fed news except that it appears we’re headed towards a severe inflationary environment that could be our own demise. I believe those 2 tweets above really capture the essence of where we stand after a 600 billion band aid. I’d be curious what the interest ends being after it’s paid back. Does anybody ever think of that?
Commodities are speaking…can you hear them?
My watchlist exploded today with the amount of stocks I’m adding to it. You can see the ones that made the cut here. Normally it’s a great thing to add stocks that I’m interested in buying, but there comes a point where too many is a sign that something bad is about to happen.
It reminds me of this story from a biology class in College. My professor had a jar where he placed some sort of micro-organism that reproduced and they doubled their amount everyday. After 21 days there was such a high number inside this jar, that there wasn’t enough space to live. The 22nd day they all died because when they doubled again there just wasn’t enough space to accommodate them all. For some reason it feels like we’re on that path with money creation, inflation…even our own population growth if you want to parallel the two stories.
Did I call this or did I call this?
The odd part is I sort of wish I would have been wrong. My indicators are at a point where a pullback of a few days often occurs. Remember to take profits often and a significant pullback could happen if we experience a failed breakout.
