Some market narative

YIPEEE.... I get to get back to the trading desk..... Not sure how much I get to trade. right off the bat...

Look at that day.... Lack of solid bear bull Capitulation doesn't bode well for the market...

I've been surprised by the lack of a Full up day, since the big low. We have managed some weakness at one point during every Positive day, and that has surprised me.

From my seat, as I'm trying to catch up, everyone was surprised Oil went from 125 to 120 and No rally.... I've been away but.. It didn't surprise me. The market hasn't wanted to trade in full lock step with oil, since the last low. It had been at the 120 level 3 times.... It just didn't want to believe it.

With $6.00 Gas, everyone was prepping to buy shotguns and souped up Camero's, black leather jackets and start shooting.

But there is some hope.....

Problem is, nobody wants to believe it.... EVERY ASSHOLE IN THE MARKET IS PLAYING STAGFLATION...... Could I suggest a "Stagflation Bubble"

I had a debate a few weeks ago... about this. In the Stagflation cycle are we in 1975 or are we in 1982.... In 75 you chase the decline in materials, and oil..... but in 83 it kicks your ass.
Could it be such a crowded trade, that maybe it's over.....

I've said it again and again, Knowing that everyone is going to trade this like it's 1974 and we are going to decline 40% and go into an 8 year stagflation cycle.... THAT IS YOUR ADVANTAGE. We WILL NOT TRADE LIKE THAT. This isn't 1990, 1974, 1983, 1909, 1929, 2000... bla bla bla.... This is new.... A plan.e won't hit the WTC and we won't invade Afghanistan... or Iran. Financials Wont Burst Like Tech down 90% from their Peak, OPEC will not Start an embargo because of the Yom Kippur war. We will not come off of the Gold Standard...... The Bonds Held by the Uninsured Savings and Loans, won't go to worthless, and the S&L's wont have bank runs till they are all Insolvent.

There is a HUGE LIST OF THINGS that won't happen this time, and some things that we may yet See That will.

The secret is that every will trade this like it's 1973,1990, etc... so... That is the advantage You should have.... and maybe that is where the "Good sign" is in all this... Everyone is confused... This Bodes Well for a bottom

Ya Ya Ya, Cramer copied Doug Kass' Homework, and has Called a Bottom. In a week he will forget about it, and do some random shit that makes no sense. Start screaming that the Sky is falling again...