This is the dumbest thing I’ve ever seen on teevee, by a President.
Watch it all the way through.
Art Cashin sums it up.
“I have been around for not quite 80 years and I have never seen anything like this … and the stupidity to let it go on,” said Art Cashin, director of floor operations UBS. He added that the televised exchange increases uncertainty around the projects will move forward in a divided government. “It doesn’t look like they’ll get very much done.”
What does this mean for you?
We’re now in the process of negating the reversal hammer of yesterday and potential hollow candle, and instead run headlong into a bearish pattern that is assuredly destined to lay waste to overzealous dip buyers.
I sold all of my upside ETFs and bought TVIX — betting on destruction.If you enjoy the content at iBankCoin, please follow us on Twitter