Irrespective of how things pan out, this is indicative of how quickly things can go awry.
This might seem esoteric, but to the extent you care about Albert Edwards’ thesis with regard to whether a surprise BoJ tightening and the yen appreciation it would entail could end up being the black swan everyone is looking far and wide for, this is something you should probably keep an eye on.
But hey, who cares, right? After all: “America first”.
What’s in a word or, in this case, four words?
…what we wanted to point out are the multiple layers of irony here.
There you go. If you see a dip, you buy it. Immediately.
Throw in a little of Kuroda’s patented Tinker Bell dust and the fact that margined Japanese FX traders are sitting on a ¥3.2trn unrealized gain in Bitcoin, and you’ve got a recipe for … well, for more mania.
But for those interested in trying to “DO SOMETHING” (as opposed to just kicking back and being “actively” passive)…
Draw your own conclusions.
That raises the following obvious follow-on question…
All in all, “no rest for the weary” if you’re a market observer/trader.
Well on Wednesday, things got worse – and materially so.
“…it’s about to accelerate. Not only that, the tank is full of gasoline, and the car has been stripped of all the extra weight.”
Ok, look: if you’re still hungover from a combination of turkey, greasy mashed potatoes, and copious amounts of not-quite-top-shelf red wine, it’s time to snap out of it because last week is melting into this week as tends to happen historically on Sundays.
“That’s one small step for rich people and corporate ‘citizens’ and one giant leap for Republicans who can’t get shit done”…