Friday 28 November 2014

10am update - very mixed open

US equities open exceptionally mixed, although with a notable new historic high in the Transports. Energy stocks are crushed with severe falls of 6-8% common, whilst miners are weak as the metals are sharply lower, Gold -$17, with the ETF of GDX -5.4%.


SDRL


GDX


Summary

Frankly, I ain't in the best of moods.

It is a vile time of year, as the masses go even more insane than normal (not least with pre Christmas sales).

I'm sick of the gold bugs.
I'm tired of the idiot top callers (yeah.. that includes YOU deflationland)
I'm pissed at the dollar doomers, not least the Schiff, who is now an utter embarrassment, utterly inflexible in his outlook for a full decade.

There just seem so many gods damn idiots out there right now. Everyone is getting more out of touch with reality each month.

Where are the 'balanced' ones?

Ohh, and I can already hear '... ohh, says the guy who is now touting sp'3k'. To hell with all those who don't see what is happening.

All the signs are there.. .ignore them... as you wish.

--
back soon