I had a late start today, as the schools around here had a delayed open and then I had to go walk my new dog — something that I enjoy doing very much because she’s psychotic and tries to eat all other dogs and she charges towards every single car that is driving on the street. It makes for a most enjoyable morning saunter.
Markets are off sharply and the news headlines are suggesting it has something ado with Trump’s tariffs on Chinese goods, something to the tune of $50 billion. You do realize how ridiculous that sounds, right? China pisses and defecates on $50b.
Truth be told, markets haven’t been the same since XIV blew up. When history is written and some historian digs into the annals of time to understand where it all went wrong — he will come upon this blog and learn that people did not read the prospectus and were, therefore, unprepared for the catastrophic losses to come.
FB is flat after the CEO sucked media cock last night, begging for forgiveness. Pardon me for being the only one who doesn’t give a shit about this topic — but I’ve known FB has been selling data for a decade.
Cryptos are getting lit up, WTI is off by 1% and gold is strong.
In my tactical portfolio, I am making strident gains in AMTX — as the frankenfood craze takes hold of Wall Street. Not much else going on, frankly. I am not disturbed by this pullback at all.If you enjoy the content at iBankCoin, please follow us on Twitter