J. P. Morgan
"Sell down to your sleeping point"
This is my blog of my Financial Tomfoolery
I like to say that below is the list of things I speculate about that probably won't happen, and that I'm wrong about.
Not even I, drink my own Kool-aid, and neither should you.
IF YOU ARE LOOKING FOR GOOD FINANCIAL PORTFOLIO ADVICE...
there was a chart of the SPX and the Dollar
they were all "there is an inverse relationship"
for those of us that actually have watched it, it's a loose relationship. It might even suggest that the only relationship is that global markets are moving from stocks into Dollars.. meaning Selling them.
which is ... not a Causal relationship, and it just shows Correlation.
For those of you who don't speak English Correlation is not Causation... but don't say that out loud or you will get "Stoned" by those with marginal intellect.
Carter worth calling for a correction yesterday.
all this bond stuff... feels like they are spooked.
oh.... the joy... "markets continue to consolidate..."
oh the sentiment.
So, I was scheduled for a lunch today. I get the joy of giving someone investment advice for an hour. I of course bombed this person with 6 pages of all the bad news. Then of course they are all "I was just feeling good, I don't want to hear about all of that"... Then of course when things are Grimm... "the market, I don't want to hear about that, it's a horror show"...
They only universal constant is that they only want to invest when things look good. and won't even want to talk about it when it's grim.
But... will he pay for lunch... or do I just get the joy of talking about investments for 2 hours for my enjoyment cause I live to ... sit and read this crap for 70 hours a week, then have a nice lunch talking about it.
Symmetrical Triangle... PLEASE!!!!! *eye roll* I'd explain it but....when did I become your Mr. Miagie! I'd talk about this chart The only think I actually want to say, is JESUS!! I haven't seen us that Bullish in 2 years! I ran some wave counts on Monday and said "we were out, and at best one more." Then I said some useful stuff then on Tuesday I said more." then on Wed I made a very solid call in the morning... Called the afternoon bounce... and took a nap.
is buying Commodites and pushing them Limit up.
Remember last time this happened, commodities were near a top....
In some of my mumbling this morning...
I was talking about a marketing thing, about something related to traders taking heat:
it was something I heard about betty crocker and cake mixes, they suggested that they needed to get consumers to "Add and egg" so they were personally invested.
I've spent the last 10 years of my life, working on simplicity. There are many times when some exacerbated friend comes to me, and my response is generally;
"How am I involved? and how can I not be?", Ya i'm a lousy friend.
So, one thing I have learned... Especially in engineering... KEEP IT SIMPLE! The worst part is that once you deviate and have a problem, you have to dig through a Kludge of a Model. When Honestly you are much better off to just keep things simple, Reduce noise and just focus on the simple signal.
Just some thoughts.
I hint at one indicator.... and it shows up.
Jebus.... I guess you are kind of disparate since I've stopped letting you dry hump my calls.
You just have to learn respect... I wasn't put on this earth for you to dry hump.
"the dollar has decoupled from the market"!!!
either that or this is that point where "The market has decoupled from reality"
we are struggling with the 1.4950 level in the dollar any more....
and all it's consequences.
