Tired of hearing endlessly about the Ceiling and the Shutdown? Well, there really is a solution no one talks about but it’s a very ugly and messy one. Many times in the past, we have referred to our purely hypothetical Directorate 153 as being a kind of Central Command for a shadow government which really drives US sociopolitical operations. Envisioned as being an outgrowth of the Cold War, when the US was at a long-term strategic disadvantage in policy implementation, due to the longer duration of Soviet and now Federation (State Duma) committee plans, our hypothesized Directorate at least gives the West a somewhat equalized footing on the timeline; one less subject to political breezes that blow through Washington in the wake of each election. This morning, after a cup and a crumpet, we’ll consider what we do best around here: The unthinkable.
It’s a buzz. A vibration that permeates the soul that I haven’t felt in years. The last locks on a tumbler of an incredibly complex lock mechanism finally falling into place at last and revealing a graceful treasure within. Unfortunately, what is unlocked if the future, as a design comes into view; one that’s at once horrifying because of the magnitude of change it will be to the unwary, but – in a curious way – one that preserves America as a country while ceding the obvious: We aren’t the only country of power in the world, anymore. We’ll dispense with this morning’s usual rehash of headlines because for millions of Americans, grasping the Big Picture of where the economy is likely headed is the most important “real” story out there. Yellen’s in, Kohn isn’t…but it speaks volumes as to ‘Merica’s future for those willing to study the playing field…
Although I don’t offer trading advice, I note that the “Wild-ass trade” that I described and entered into last Thursday is now solidly in the money. I took profits early, but still made a few bucks on the turn. I’ve been on the phone, what can I say.
As of posting time Tuesday (about 3:05 PM EDT) here’s how the trade worked out:
Entry: Thu Oct 03 11:52:12 2013 Buy FAZ Oct 19 ’13 $33 Call Executed @ $0.53 ($53 per contract)
Exit: Tue Oct 08 11:47:34 2013 Sell FAZ Oct 19 ’13 $33 Call Executed @ $0.61 ($61 per contract)
Any reader stupid enough to try and shadow trade me hopefully has noticed that the price has been as high at $0.70 ($70/contract) and will have out-performed me on the sell to close side – I should not answers the damn phone, lol.
The reason I elected to exist is that the expected geopolitical situation did not develop over the weekend and even though the trade worked out, I’ll take some money any time… More in tomorrow’s Peoplenomics, but we continue to expect 1,650 to 1,640 in the S&P and 1,540 is not off the table longer term. Which will make a lot more sense after you read tomorrow’s report…