Kickin' it off. It's going to get wild. This week is Armstrong's 'Big Bang' date, mentioned at least as early as 1989 in one of his conferences, he said. It's not a date for a market implosion, it's the peak date for government and sovereign debt. Catalonia voted today for independence, a binding vote. The last one was not binding. It was overwhelmingly for secession.
I can find no information on this vote anywhere right now, yet it's over and done. Nothing on ZeroHedge. I find this bizarre. Understand, if any EU country has a secession, it will, in my opinion, begin a waterfall breakup of the EU and the failing of the Euro currency. So, tanks will roll, it will be stopped. But, it may cause massive unrest and even a European war. Markets will move. Hence, this is not a trivial event today. Yet, nothing, no reporting anywhere. I'm... confused...
JI
jimkane
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As much as I love this area for a short, my read right now is the odds of it happening today are, give or take, about 5 million to one against it. Of course those are just made up numbers, expressing my read on this. I want to short this like crazy, but I need to see something happen. The timing factor I use says it could make a move any time now, so I am ready.
JI
jimkane
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Probably that move that the timing factor says is coming will be an upside blowout.
JI
jimkane
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So, ES down 45.50 points, then up 48.75 points so far, by my data, in under 7 hours. Hmmm.
JI
jimkane
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No claims, but that timing factor once again nailed when the move was getting ready to start.