As the wall and bus collided at full speed, the plan for the wall to disintegrate while the bus, minus wheels and now masquerading as a missile, blasted through it without barely a scratch falls apart…the market has collapsed and damage has happened faster than most anyone would have expected. We reduced longer term shorts and dollar positions yesterday and today…waiting for an opportune reload, which will be beckoning soon for certain, as one Mr. Ben BURNBus-anke and the driver looks for a new vehicle to try the drive full speed into a wall again…What a crazy world…For me the anti-Fed intraday and reticulation 5 systems I recently released are trading and quite frankly do not care what type of vehicle or approach that Ben uses to implement his destrcutive panacea. The markets may very well trend down hard (and no matter what happens near-term they are destined for HARD DOWN sooner rather than later) from here still and I will be trading to reflect that, however, given the desperate need for the markets and central planners to come up with some good news…I would certainly not be surprised with a short period of retracement from near these levels.
As JPM’s massive money amplification schemes unwind and reveal its absolute insolvency…I am reminded that we operate in an “Ineptocracy.” A system where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
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