Markets are in spiral mode here and I feel like a fucking serial killer in on my tail, trying to murder me and my stocks. I broke loose of BOX today, a crowd favorite, at an 11.5% loss. All of the stocks I bought yesterday are lower, DOCU sharply lower.
There isn’t much recourse for me, other than to sell and raise cash or hedge. I did a little of both, in addition to buying 3 old man stocks; but those aren’t holding up either.
I hedged some of my longs with a SRTY long position. Truth is, everything I do is futile. Markets are destined to drop and fall hard, amidst rumors of trade wars and actual trade wars.
The Nasdaq is -60 and I am 20% cash. I suppose I’ll stick around and wait for Exodus to flash OS, before getting really aggressive. Until then, I remain a prisoner in these downward spiraling stocks, hoping for perdition to end.
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Everyone knows that TIF and other upscale retailers are going higher. A quick trip to 126 will yield me a 10 bagger by Friday.
stepped in 10:00 AM this morning. FML
Markets just trying to tell Trump to stop fucking around with tariffs.
I don’t trust these markets one bit, Mr. Fly. People are still in denial about the trade war, and they’re going to have to accept that it’s coming. I’m not going to pretend to know whether a trade war would be good or bad for America. I don’t know what it will do is enough for me to stay out of the market right now.
Trade war, schmade war.
Everything the Trumpster does is positioning for a negotiation, trying to gain leverage. He always goes to extremes to get the other side riled up and then he settles for a good deal. The other side(s) will soon come to the table to work out a deal and Trump will be carrying a big bag of leverage with him into those meetings.
He’s President of the biggest fucking economy in the world. He has more than enough leverage without resorting to his usual bullshit.
His biggest problem is the fact that everybody knows he is a liar and doesn’t bargain in good faith. Other countries are resigned to just waiting him out and won’t bother trying to make a deal.
Trump creates worries, and the backing off from those worries propels the market higher. At least so far….