I am enjoying my lunch break together with my assistant as we had quite a nice turnaround since the Septic Tank rattled the bulls after he suggested that the Fed may taper their pathetic QE program which was the only reason global equity markets have rallied to new all-time or multi-year highs. I never bought into the rally which was painful at times. After my stunt at the office to revitalize all the depressed faces we really spearheaded forward. We saw our account skyrocket on the back of the USDJPY reversal as well as collapse of the Nikkei 225.
After Japan closed for business we saw the Nikkei 225 in
official bear market territory as dropped over 20% while the USDJPY corrected
almost 1,000 pips. We took a huge short position in the Nikkei 225 at 15,750
back on May 23rd and before the close we set our SL at 12,750 which
means we either get more downside tomorrow and increase our profits or book a guaranteed
profit of 3,000 per contract. I can’t disclose how many contract we shorted,
but the number is five digits. You do the math.
One day before we took our huge Nikkei 225 short position we
did the same with the USDJPY at 103.50. Our TP is set at 93.50 with an SL at
95.00. At least 850 pips highly leveraged, yes we deserve to celebrate. We did similar
maneuvers in the S&P 500, FTSE 100 and EURAUD. Three weeks have changed the
entire outlook for the rest of the year.
Since the Septic Tank mentioned that his 12 Plumbers and he
may taper with the QE program, global equity markets have shed roughly $2.4
Trillion. As plenty of dumb money managers scramble for the exits as they saw
the 2013 profits melt away in less than 15 trading days, we are sitting in the
heart of Monte Carlo enjoying the scenery and breathing a sigh of relieve. Dumb
money once again saw their gain evaporate due to their idiotic approach to
financial markets.
When Abe was re-elected Prime Minister of Japan he tried to
talk the talk that this time would be different. He reintroduced Abenomics to
Japan. He has not learned anything from his previous mistakes. There is a reason
he lost the elections and the Japanese voters thought to now give him another
chance to do more of the same and so he does.
At first dumb money had an orgasmic experience and bought
into Abenomics. Just another example of how pathetic the majority really is.
They make the same mistakes and expect a different outcome; insane. Now they
get punished as they deserve. The planet displayed a sever vote of disapproval
to Abenomics and the USDJPY is the best indicator of that. Nikkei 225 down,
USDJPY down and the Japanese economy will soon follow suit.
The sell-off has not caught up with Europe as well as the
U.S. yet, at least not in such a drastic manner. Give it some time and we may
report a total of $5 Trillion in losses before the month is over. Our food
arrives, so I am going to enjoy it as much as I have enjoyed the correction in
the Nikkei 225 as well as the reversal trade in the USDJPY.
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