The Message Is Clear – Shut Up, Don’t Think, And Just Buy The F*cking Dip


The message could not be any clearer – forget reasoning, common sense, economic theory, fundamentals and most importantly reality and just buy the f*cking dip.

Whether it was stocks, credit, gold, silver, oil, EURUSD, or conk shells, the message we we’re to believe was clear – BTFD today. As if by clockwork, Europe closed and US equity markets surged – seemingly forgetting that Europe will re-open again tonight but should you need any reassurance of what your pre-assigned Pavlovian role in this tragi-comedic dance-with-the-devil is – we suggest the following clip as a reminder.

but of course – as a reminder – the only reason this market is ramped – is to enable size sellers to unwind a little more with a little less pain…and sure enough heavy volume and large average trade size stepped in and dipped us off the highs into the close of S&P 500 e-mini futures…

And while everyone will be chatting about Oil’s drop and how great that is for consumers – well they BTFD there too so not so much sorry…

But for a little clarity of equity’s exuberance – the late-day surge took S&P 500 futures well beyond risk-asset’s view (CONTEXT) of the world as EUR and Treasuries were not buying it (after being highly correlated all day)…

As a side note on the hilarity, AAPL was one of the bigger dips bought today as it tested down to pre-earnings-week lows and closed the day-session today almost perfectly at yesterday’s closing VWAP (must be sheer coincidence we guess) haveing found resistance above at Monday’s closing VWAP (again pure coindince we are sure)…

Categories: ECONOMY

Write a Comment

Your e-mail address will not be published.
Required fields are marked*