It was meant in jest as last Sunday’s post may have pissed a couple of people off.
Now in retrospect – 8 straight days “down in risk” and the “warning” doesn’t look half bad no?. In any case…..we’re smack dab in the middle of “yet another” challenging scenario for both bulls and bears alike.
It’s hard to get “overly optimistic” when the U.S Government can’t “govern” a sack of wet mice let alone themselves…let alone the largest consumer economy on the planet. Yet there’s still “Uncle Ben” lurking in the shadows, printing press in hand, there to “save the day” should things get “too far off track”. Talk about a gong show – and an extremely difficult environment to evaluate / makes sense of…let alone trade.
Every fundamental bone in your body itching to “short this thing into the ground” – while every Central Bank on the planet keep stacking their chips higher, higher and higher.
One thing we can say with certainty is that “this thing is gonna end really, really badly for a lot of people” as we are so far off the reservation now – there’s absolutely no chance of a happy ending. No chance.
What’s October looking like from a gorilla’s perspective?
I don’t waffle, and I don’t make “safe market calls” in order to stay credible. Frankly I generally don’t muck around “much” with intermediate type market calls” as I’m both macro – and micro.
What happens “in the middle” under the current market conditions is exactly what is “supposed to happen” when a significant turn / area has been reached. Confusion , indecision , sideways , churn , chop , grind. Call it what you want – it’s “by design” that accounts get blasted, nerves stretch, blood pressures rise – and traders / investors are pushed to the limit.
We need to look at the dollar (obviously) as well stocks and gold. Bonds fit in there too don’t forget so…..a look at “all things relevant” to follow – through gorilla eyes.