There was a brief moment, about 15 minutes ago, when the market shit it’s own pantaloons over the specter of the new Fed head being an actual retard. The Dow dropped like a fucking anvil in quick sand, but then quickly recovered after Powell handled the questions from the low IQ press with great alacrity.
I was especially amused by the French Press question, which implied Fed Funds rates would be 5% by 2020. Are the French really that stupid? At 5%, the United Steaks is fucking bankrupt.
Gold and WTI is the story today. If you’re not long those two sectors you are officially incapable of managing money and should therefore remove yourself from the field of money management. Go get a job at the mall folding slacks.
As for me, the Jenga building looks strong again and I am happy seeing both JNUG and PUMP rip higher.
Here’s today’ spastic pin action.
Top picks: JNUG, PUMP, LABU, DSX
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This dead cat is made of rubber and will bounce around a little… Clear signal for Powell. More interest rate hikes on deck. Git er done all the way up to 5%; where the gay Frenchies like it.
Hedges are AUY,PZG,SLV,UCO,TBT gorilla says to monkeys
Pretty sure the USA is bankrupt at any interest rate, its really just a question of when, but you are hardly unique in that respect.
France will be dead and rotted before USA
Bold headline, esp on #WorldDownSyndromeDay