Economies and Markets Melting…Bankers Did it Again – Wall Street Underground

By Nick Guarino | September 1, 2015

Our Party in Oil and Stocks is Far From Over.

Markets will continue to crash

This SMALL reversal in oil is a selling opportunity . See, it’s not supposed to be a straight plunge down. Life is just not that simple. This rally back in oil is NOTHING but a shorting opportunity. It’s temporary and NOT UNEXPECTED! And the stock market, after its rally back, is crashing again… Talk about eyes wide open.

OIL

It’s a great place to ADD more positions in our oil trades on the short side. It’s not required, but if you are so inclined, add more. For newbies, it’s a great place to start operations. You can use the DWTI if you have not done so already. If you don’t know what to do it’s OK, that’s my job.

I added the DWTI trade in Nick’s Picks oil. Look, $100 crude hitting $38 and rebounding to $48 is not squat. Keep your perspective. I could see a chance of getting a $55 price and we will add more positions. It changes nothing. Look at the chart.

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I heard the spin about the new bull market is crude. The only thing that is a bull here is the bullshit they are spreading. This is a way for the producers to lock in higher prices in the futures markets. AND for wall street to harvest the weak shorts money

Excuse me, a $10 rally back in a market that fell over $60 is called a suckers play. Always remember the slot machine. It periodically spits back some of the suckers losses to keep them feeding money into the machine. So why now? The answer is, once they cracked $45 on crude – everyone and their dog shorted. So it’s time to clean out the weak shorts and down oil will go again.

The oil market is in vast over supply. Here is a chart that says it all:


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Don’t let them fool you, the oil bubble is bigger than ever and growing by the day. And yes, they will do everything to hide that fact from you. Markets are supposed to reverse from time to time. It’s the way of the market spin-meisters.

I still see $10 oil in the next 6 months. OPEC is not about to throw in the towel. They know they have not broken their competitors back just yet. They need oil to go down and stay down. When you see the major bankruptcies in the oil sector and lights out in Houston then you will know the oil crash is over.

STOCKS

In the stocks, same game different market. After the death plunge, all the trend, silly ass, buy, buy, buy traders jumped in. Another up move to keep the suckers in the game. Now that’s over. They will flush them down the Wall Street poop chute again. Look at the chart of the open.

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There is no chance this bust is over. I am writing this at the NY open. They show a DOW down 400 points to 16,200. the NYSE invoked rule 48. Why? to try to slow the decline. This is still a selling opportunity. And a great way to get at it is the trades in Nick’s Picks. I have added a new trade in the FAZ.

Closing

You need to understand this is a bust. A wipe out. A crash in the making. Of course they are going to poo-poo this.

The talking heads and the Wall Street business show babes have their marching orders. Keep the masses calm and keep the suckers in the game. Interview after interview all has the same theme… You’re supposed to stay in the market and get wiped out. It’s all about taking the trusting masses retirement funds and life savings.

I want you to know the biggest wipe out in the history of the trading markets has started. I beg you, don’t be fooled.

Those of you in this with me are having a great time… And the best is yet to come… I pity the fool who trusts the Wall Street, steal your money machine.

Click here to be taken to my latest tape.

It’s my pleasure and profound joy to see you making money.

Thank You,
Nick Guarino

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