Monday, July 4, 2016

A Month of CNBS Bullshit Summarized By Elliott Wave

How Team Groupthink aka. Wall Street talked themselves out of their own hedges ahead of the Third Wave down...

aka. The Greed Feedback Loop, the engine behind Circle-Jerk-o-Nomics...

They sold Brexit twice and then bought it back at the end, you can't make this shit up:

"As soon as we figured out that things were OK, then immediately there was a rush to sell implied volatility."

"Look Ma, no hedges!"

"the market is like a coiled snake that is ready to strike...soon."

Four runs at a top and then volatility explosion...

"You forgot one thing smartass. It's not our money, and we don't get paid to sit in cash"