Monster Money Printing Pre-Holiday week trading

This latest market downtown and negatively-spinning market data practically ensures that Uncle Ben's deflation protectionist policy will slip by the JECK Feds (the austerity-measurists Kansas, Richmond, Philadelphia, and Dallas Federalists).

Remember that Uncle Ben was prepared to bail-out up to $5T and he's at a measly $1.8T so far. We're just scratching the surface.

Now, having said that, even IF these bail-outs are applied, and when, the effect on inflation is easily 18 months out, providing credence to the unprofitably of my recent maniacal TBT buying spree, however, it is an eventuality and needs to be factored into any portfolio.

PS - my opinion is, further bail-puts are more of a 'when' than an 'if' because the US will never sacrifice its the dollar's global hegemony via deflation.

Fed Rate News today

Headlines focusing on 'double dip recession' talk. Inflation a million miles away from the dialogue at this time.

Contrarian point

Beware the inflation hypsters!

It's hard to fight the 20-year chart in that link. TBT buyers beware! (but I'm still in for now....)

Tuesday Profit taking

I'm not bearish, just currently over-bullish and taking a little off the top from the recent bounce. Trades are in the comments.

YES DRUDGE - Did you save me????

DRUDGE GOES POSTAL WITH $19.6T FRONT PAGE POST.

If TBT doesn't move up 4% tomorrow I throw in the towel and join the deflation movement.

Looming "Third Bubble" about to go ............. Pop!

First equities (2000), then credit (2006) and now bonds (20XX????).

Don't hold your breath, but don't wait too long to get in either. Always be protected out there (TBT!).

Friday Action (6/4)

No trades on Thursday. Working. The benefit of a balanced portfolio is being comfortable taking a day to a 3 weeks off without fear or much concern.

Friday June 4:

IN:

TBT short put spread, sold 10 Jun-41 puts at 2.31 and bought the 32's at 0.03 [possibly hold to expiry]

OUT:

sold ZQK at 4.87

June 1 action:

- 4 GOOG-560c at 3.10. [Hold for run-up to earnings, roll to August expiration if necessary]

- TNA, 100 shares, in at 46.24 (out at 47.07), re-entry at 46.24, [holding overnight for market bounce]

- 1000 SH C at 3.93. [Long-term hold]

- ZQK 400 sh @ 4.59 [hold for the week]