Then something funny happened along the way. Those stories I had read, those fictional incidents suddenly started to become fact. Whether through investigative reports, FOIA documents, whistle blowers or the story just played out, the truth was slowly being revealed. Coverups, murder, covert ops, all this really cool and intriguing "what if " fantasy stuff suddenly was becoming reality.
And here we are today. Denial is not a cool place to reside. It is time to wake up and see the world and not the Matrix. I suggest you listen to this insider when he says, "The Jamie Dimon shakedown at Chase… the HHS scandal.. Kathleen Sebelius shaking down the health care industry for money… the IRS… it’s to the point where these scandals in and of themselves would be huge back-breaking scandals [but] are just lost in the scandal fog of this administration…" this from a former Obama Secret Service Agent: “It’s Worse Than People Know… and I’m Not Trying to Scare You Either”
Total control, want an example? How about the Million Mask March yesterday organized by Anonymous, did you hear a word about it on the MSM? Nope, I did not think so. Heck, they would not even let it trend on Twitter. One would like to think that a global rally in over 150 countries and over 400 cities against corruption and tyranny would be a newsworthy event. Apparently it was not.
They got us by the balls folks. We the sheeple have lost all control. Our representatives serve another master. They serve the special interest groups, not us. take a good look at the following post Congress Sells Out Wall St Again, digest and internalize this. Everything that was bad or needed to be corrected so another incident like the 2008 financial crisis never happened again, three years of bitching and bickering that became Dodd Frank all gone and no MSM coverage,
""The U.S. House just passed a bill called H.R. 992 - the Swaps Regulatory Improvement Act - that was literally written by mega-bank lobbyists. It repeals the laws passed in 2010 to prevent another meltdown like the one that crashed our economy in 2008. The repeal was co-sponsored by a former Goldman Sachs executive and passed with bipartisan support from some of the House’s largest recipients of Wall Street cash. It’s so appalling... so unbelievable... so blatantly corrupt... that you’ve got to see it to believe it:""
Yup, that's what $22 million in lobbying will buy you these days. We have no chance. They even did away with the insider trading rules for congress. You are no longer electing representatives, representatives are no longer running for office, they are running to win a lottery.
On to the big lie -
Why are we up this morning? Well, "It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Nikkei up over 1% in minutes, and led to an E-Mini futures melt up of just about 8 points just when everyone was going to sleep. All of this happened completely independent of the actual data," is the way ZH puts it in Overnight JPY Momentum Ignition Leads To Equity Futures Ramp.
And that's the new normal in this artificial, computerized market we all trade in these days. One HFT algo hits it, the rest follow and then the feeding frenzy starts. Of course these ON ramps are good for everyone as they lift all prices and the banks and brokerages get to skim millions for free off the top. If everyone is getting rich, then who's gonna complain or stop it? Wrong? What could be wrong with a market at ATH and still rising with no end in sight? It's friggin nirvana man, just take a deep breath, sit back and enjoy the ride.
To those in the comments section pointing out that UST's are starting to get to levels that should make everyone nervous, I totally agree. Remember they only have enough QE to fight one war at a time. They can't keep both the markets afloat and rates low on the current (stated) $85B a month budget.
The taper talks are on again, but we all know this is a bunch of BS and is nothing more than a side show. We all know they will have to, and they will, raise QE in the future to keep their lies and corruption going. This alone is keeping the markets at their current lofty levels. You are witnessing pure greed rule and dominate the system.
Minis 60m - Horrifically boring I know, but it is what it is till it isn't. Pink support (1741), Blue resistance (1771) and in the middle (1752 support/resistance), will someone please wake me up when pink or blue get busted?
More to come below.
Have a good day.
GL and GB!
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