Friday, November 1, 2019

No Country For Old Men

The Fed squandered their dry powder lubricating Trump's electoral base of demented geezers. Which is precisely why this week, smart money confidence plunged to a twenty year low, while the dumb money bubble reached a new record high. The carbon tax is due...

In other words, Trump's election rigging strategy is working flawlessly. Thanks to a cabal of jackasses who can't believe their time has come and gone...





https://money.cnn.com/data/fear-and-greed/






Did I mention that the smart money is the least bullish in two decades?





As the population ages, America's average IQ is collapsing like a cheap tent. A cabal of Rudy Giuliani's locked in human history's largest circle jerk.










The new highs list is a bunch of miscellaneous junk and dumbphone 11






Jim Cramer
"The performance of these stocks shows the consumer is stronger than ever"





"That includes a host of nonessential goods and services such as motor homes, cruises, snowmobiles and timeshares"

Cramer never mentioned this company - the largest RV manufacturer in the U.S.

Notice when it peaked:





Did you say "cruises?"









"Market breadth has been positive, although not overly so"







The mid-cycle adjustment, is over:




"Federal Reserve Chairman Jerome Powell may not want to say it out loud but it sure seems like he thinks that he has achieved a rarely-seen soft landing for the U.S. economy."






Powell:
“We don’t see bubbles and that kind of thing”











My advice to denialist geezers is guard what remains of your manhood