SPX - Not a Call But a Warning!!!!
Updated
BLUF: Absolute Perfect Reflexive-Bounce...WARNING ONLY...do not be surprised if the market goes HIGHER to that Huge Gap at Top then Reverses like a FookinLighteningRod! This week, next week...maybe I have no FookinClue...TBD. FOMC lowering rates may have the opposite effect you think...StandTheFookBye! BS Rules/Spidey-Sense(s)/Situational Awareness....
"When emotions hold dominion over the mind, logic drifts and people stop thinking straight. A crash/correction is a series of small rebellions against fear, the kind of fear that threatens the well-worn path of habit, which in the case of markets means profits and performance….there’s always a “Conspiracy of Computers/Fed/WhoDaFookEver” as the “Market Circuit-Breakers” take a hit as balance is resumed.
The quintessential market characteristic, is that they are the final determinant of veracity…Markets tell the truth, No one can fool the market!"
HEAD SHOTs ONLY! Grab your Go-Bag...Fookin Bust It....
"When emotions hold dominion over the mind, logic drifts and people stop thinking straight. A crash/correction is a series of small rebellions against fear, the kind of fear that threatens the well-worn path of habit, which in the case of markets means profits and performance….there’s always a “Conspiracy of Computers/Fed/WhoDaFookEver” as the “Market Circuit-Breakers” take a hit as balance is resumed.
The quintessential market characteristic, is that they are the final determinant of veracity…Markets tell the truth, No one can fool the market!"
HEAD SHOTs ONLY! Grab your Go-Bag...Fookin Bust It....
Note
The quote above is from the book.....Leo Melamed: Escape to the Futures 1st Edition
"Leo tells it all. To say there would not have been a financial futures industry without Leo is probably only a slight exaggeration!!!" ― John Damgard President Futures Industry Association
"Escape to the Futures tells the remarkable story of a young boy's escape from the Nazis and the impact of his life on the financial markets of the world. It also serves as yet another poignant reminder of the immeasurable losses ―in the arts, sciences, professions, and everyday life―humanity suffered because of the Holocaust." ― Benjamin Meed President American Gathering of Jewish Holocaust Survivors
He is one of the most powerful figures in the world of finance―a visionary who pioneered the modern futures industry and launched the International Monetary Market (IMM). Yet, Leo Melamed was not born to wealth and influence. His is an extraordinary rags-to-riches tale of intelligence, drive, savvy, timing, and the overpowering force of a uniquely charismatic personality. Now the inside story of the remarkable life and career of Leo Melamed is revealed in this long-awaited autobiography.
amazon.com/Leo-Melamed-Escape-Futures-dp-0471112151/dp/0471112151/ref=mt_hardcover?_encoding=UTF8&me=&qid=1583196631
Note
fred.stlouisfed.org/series/BAMLH0A0HYM2Move the left toggle in so you can see the close up...NOT Good....promotes a pullback...TBD
Note
TCB/Daily Treasury Statement: Friday, February 28, 2020 (DECREASING)I Operating Cash Balance
I Type of account Closing balance today Today This month This fiscal year
I Federal Reserve Account 357,251 378,164 403,983 382,483
I Supplementary Financing Program Account 0 0 0 0
I Short-Term Cash Investments (Table V) 0 0 0 0
I Total Operating Balance 357,251 378,164 403,983 382,483
II-1 Deposits and Withdrawals of Operating Cash
Note
We need to fill that Gap above ... the only think I know for sure is we will get a ton ore FookinVolatility!...Lower FFR's as I told everyone will NOT Save Us!
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