Better Late...

Here we are again: headed straight down the toilet. Makes me wonder what the Fed has up it's sleeve to bail us out this time. Tomorrow they announce their next move. They should absolutely be raising rates to fight inflation, if not tomorrow then going forward into the remainder of the year. The market seems to think that's a likely possibility but I would put the chances somewhere around 0%. If there is one thing I know, it's that the Fed could give a shit about inflation. Period. Bailing out the banks, for instance, is a much higher priority.

The Associated Press actually had a headline over the weekend that read "Everything Seemingly Spinning Out of Control". Isn't that the truth. We have natural disasters, raging inflation, two seemingly endless wars, a housing crash, a stock market that is circling the bowl and an oil crisis. That's the tip of the iceberg. Don't forget global warming. It's uncanny that at the very moment in our nation's history, and world history for that matter, that we need real forward-looking leadership we have the worst presidential leadership in my lifetime (maybe ever). To be fair it's not just Bush and Co. but the entire structure that is rotten (both parties share responsibility). Not only are we not working towards solutions to any of these problems but we are working to exacerbate them.

I am legitimately frightened for my family going forward. In the meantime I am raping and pillaging this market. Up 10%+ for the month of June after poor performances in both March and April. The second half of last year represented the best six months of my trading career and I seek to replicate it this year.

Not much has been posted here of late. Hopefully I can get back in the groove. Things are only going to get more interesting.