I realize a great many of you want to make mountains out of mole hills, exclaim the ‘market has topped’, then ride off into the sunset a future billionaire, long TZA. Truth be told, this sell off is tepid, conjured up by the bowels of wall street, designed to scare people into surrendering their retirement accounts.
Sure, rates are going up and the rate of change is startling. The chinese economy is definitely slowing and commodities are indicating some sort of hyper-active deflation is lurking, just ’round the corner.
I don’t play these games anymore and the fate of the market isn’t up for debate.
I will not entertain your thoughts or guesses any longer, because they’ve proven to be money losers over a very long period of time.
Here is what is going to happen, to the exact detail.
The markets will weaken from late August until the end of September, luring a fresh batch of “Hugh Hendry’s” into the fray. Then, just when everyone gears up for an “October surprise”, they will all be ushered into the smoke pit, to the BBQ’d alive, coin and all.
“The Fly” doesn’t subscribe to your dire predictions. Instead, he deems you to be an idiot of the first order.
Let the wine flow and the people frolic. In the meantime, I will bide my time very carefully, plotting to reallocate my 34% cash horde into meaningful positions, like a vampire, drinking the blood of your families net worth.
My teeth are sharp.