The President exercised his constitutional rights yesterday and declared foreign steel to be a grave threat upon this great nation. His executive order is binding. It will not be protested at the WTO. Across the internets, I read nothing but self-ass-raping diatribes, faggotry on an industrial scale. Chicken little fear mongering rooted in personal insecurities. Either these people were beaten up as kids, or they were too stupid to make up their own minds and have since been molded by idiots.
Here’s the price or hot rolled steel.
You know about the tariffs and the President’s desire to protect US industry and all you can think about is the price of a can of soup or the marginal increase of a shitty automobile? Please.
Your job is to make money. US Steel is +55% over the past 3 months.
The steel ETF, SLX, is higher by 16% over the past 3 months.
Here are the biggest winners.
“The Fly” is long CLF — because he’s a fan of coking coal — the shit used to create steel.
Word of advice, quit bitching about things you cannot control and get inside the molten steel furnace and enjoy the heat.
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Speaking of chickens, one is virtually nothing, a struggling day trader with two dogs, unless one has his own diaper wearing chickens,
https://tinyurl.com/ydgmsnrm
GET IN THE SMELTER
Good luck to Boeing, Caterpiller, et al, selling their products offshore if Mullet Man goes through with this.
No point in emotion and judgements just play the field as it evolves. The affected will adjust in due course or move on.