thelastpsychiatrist.com - A Quick Word On Google. Adnotated.

Wednesday, 24 July, Year 11 d.Tr. | Author: Mircea Popescu

Dropping over 150 points in a few days is worth a comment.i

However, it is a high priced momentum stock, and as such is the first to elicit the "no way am I the last one holding this" feeling. You sell it, and suddenly [you're] $600 "richer."

I'm not a technician, but unfortunately everyone else on the planet it: when you see falls like that, you have to ask where does it stop? And the 200 dma is a good guess. So if you selling yesterday was illogical: 570 is a floor, because everyone believes it to be.

So I wait, earnings next week.

A word on the Fed: there is a not implausible case to be made that he is not reacting to the markets, as some say, or even "behind the curve" but is specifically targeting traders out of resentment. Example: the cut came Monday morning -- after options expiration, when all the money had already been lost. You say: well, that was a reaction to Europe; but he did the same exact thing in August, waiting until precisely after expiration to announce a discount rate cut. And the overall odd way of parcingii out information -- it appears designed for maximal pain. Just a thought.iii

Anyway, Google is still on track, soon to be the global supplier of personal information to totalitarian regimes everywhere.iv

(long GOOG, MO; short the Fed, humanity, truth, the Red Pill)

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  1. There have been a number of successive layers of "actual market being replaced by USG fantasy" to date, this 2008 sell-off being one among the many. []
  2. Parcelling ? []
  3. Everything always appears specifically designed for max pain, because max pain is a trading necessity. To the four year old everything similarily appears specifically designed for falling down -- we just call it gravity. []
  4. Alphabet is actually fucked, but paper markets don't track reality. []
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