Looking back at the last time I bothered to post ( August 1oth ):
It looks as though we are back on track for another short entry in risk, as both The SP 500 as well $USD are signalling – downside ahead. You don’t see it? How about 2095 as a good place to start?
I’m looking for today’s high in “both” as a level to look at “getting short” – again.
The huge profits are irrelevant.
It’s the psychology that counts.
I tuned into “Mad Money” here this afternoon “on purpose” just to get a bead on what the current pitch/slant is there in America. Apparently…… China is “playing games” and the best recommendation is to sit tight/hold and look to “buy more” of the completely bloated / bullshit / worthless / buyback stuffed stocks you all hold so dear as…….
It’s just “China playing games”.
Cough/Choke/Sputter………….you’ve got to be kidding me.
Back when America was the benchmark for “global economic growth” ( not of my generation ) one might consider this a possibility but..lets be frank….
As China goes……so goes its little bitch.
America has been a “product” of China since I was a teen….just that the T.V didn’t let you know.
You sold out back in the 80’s when American CEO’s were commended” for the brilliant outsourcing of manufacturing to the far east.
You killed manufacturing. You shot yourself in the face.
If you buy this market now…….I will shoot you in the face.
China is the leader now. Get over it.
Get smart. If you’d of pulled up a chart of the Chinese stock market some weeks ago…..you’d be drinking the world’s finest tequilla too. Too bad you’re out back your grandmas trailer – sniffing glue.
China is NOT playing games…..they are tanking cuz the global economy is tanking.
F**k you Jim Cramer.