Thanks George, it's a bit early for the Bull to throw confetti in the air and declare victory, but I'm workin on it! We'll have our answer in the next three weeks, towards the closing of earnings seasons. The one bullish event that has me totally shocked and stunned is the speed and magnitude of the Latam bourses recovery. The moves of these Latin Indices has been so sharp and so broad that it has made even ole frothing at the mouth, mad dog, BigBulls jaw drop in astonishment. Never thought it would happen THIS fast. Never! With, Asia, Latam, and to a lesser extent Europe now in full recovery mode, I won't even take a guess as to where oil will be in the fall. Just think, George, just yesterday, we got within spittin' distance ($17.46) of 18 DOLLARS A BARREL! I'm start to think like Doug Fant here - maybe OPEC cuts were unnecessary? OK - no cat calls or razberries from the peanut gallery please.
The Plays the thing - The Death and Ressurection of the PATCH
Act 1 - now concluded.
OPEC and US production cuts were the stars.
Act 2 - curtain rising
OPEC compliance at the start, rapidly segues to Global Boom Chorus.
Act 3 - Late Summer early fall
OPEC retires to the dressing room for good, Global Boom Chorus is absolute center stage and she's singin'
"Hallelujah, Hallelujah, H A L L E L U J A H!!!!!!!!"
The Wall Street Whore of Babylon finally appears on the scene spinning tales of fabuluous wealth and singing glory on the highest to the patch. The true believers then sadly turn their heads from what they know is inevitable. Judgement day arrives, The Wall Street Whore is revealed for who she is, but is allowed to ply her evil ways for another thousand years, so as to instruct the simpleminded and the innocent.
I leave the epilogue to you.
I hope you are there for the curtain calls, cause I will be. Looking forward to seeing you in the White Hot Spotlight. |
