Hold Your Fire!! Hold Hold Hold

It seems like the last few weeks has been like watching paint dry. The market is maintaining a range with continued pressure on the vix. Trying to create an illusion of stability while black swan after black swan flys overhead. Japan is rocked by a millenial earthquake then a nuclear meltdown. Both events are still unfolding in terms of their damage to this once proud, powerful economic country. The ramification of these events will be felt throughout the world’s economic systems. The nuclear event could impact Japan for decades.

The Middle East is in meltdown mode. Never in our history have I seen ANYTHING like this. After imposing/supporting a various hodge podge of dictatorships for decades it looks like the chickens are coming home to roost. SHOCKING! I suppose after depicting these people as sub-human many Americans look up from their reality shows just long enough to see the riots and revolutions on 30 second clips and wonder why the subhumans don’t like their leaders. Most Americans always assumed that these countries were just a bunch of Muslims that would accept a good benevolent dictator. I guess that silly internet thing with the population of many of these cities having a higher degree of education than the average American probably contributed. Funny how that works.

One thing is certain….ENERGY is still front and center. Our stumbling and bumbling without a coherent energy policy is getting more shocking by the day. Surely by now I thought that a clear path would have been set forward. Certainly the vast nat gas reserves must hold some allure for industry and politicians. But NOOOOOO. No real movement. Its coming. It has to. Pay attention to HERO WPRT SGY HNR NBR FSYS. Pay attention….great trades this year on pullbacks. gl

Read more at Great Depression 2