Every downtick in stocks, Trump sweats a little more. You can tell he’s panicking, unsure how to rig markets higher. This is the problem with policy makers, always concerned with jimmy-rigging equities higher and not letting markets settle and do their thing. During periods of economic uncertainty, policy makers often instill more panic into investor psyche. The people who regularly help confidence are industry titans, legendary investors, influential analysts.
Alas, Trump lashing out again, like a baby.
“They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon,” Trump told reporters in the Oval Office, referring to the U.S. central bank.
“I have great confidence in our companies. We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think it’s a tremendous opportunity to buy,” Trump said after speaking with U.S. troops deployed abroad via video conference.
Nasdaq futures are -19. Now is a good time to reduce shorts, move to cash, and wait for a breakout above a consolidation range, which is bound to establish soon. You can play the bounces, which should be sharp, but remember to book profits quickly. Any measurable gap lower tomorrow will likely be met with bottom pickers.
If you enjoy the content at iBankCoin, please follow us on Twitter
“But now I knew I must sell stocks. I was right, and I must prove it in my old and only way by saying it with money. To sell the general list would be a proper, prudent, profitable and even patriotic action.” — Jesse Livermore
It’s time to NAT TURNER this bitch.
Counting down to Battle of Atlanta. Victory’s within the mile.
BANNED
lol u think he gives a shit?
If you mean, Lyndon, yes, he gives a shit.
That’s why he always comments in the latest post instead of the original conversation: looking for attention.
Ferd, as to “dwelling on past victimhood”, yes that is bad, but so is pretending that structural racism doe not exist.
Show me the “structural “ racism.
If you can’t prove it, (I known you can’t. ) please perform intercourse on a goat in front on church.
Regards
Chuck Bennett
There’s plenty of structural racism …often disguised with pleasantly numbing appellations like “affirmative action”.
Make ’em walk the plank Cap’n! Arrrrrrr….
As KGB trolls sowing discord to undermine our democracy go, his approach is interesting. Bad for blacks (as dwelling on past victimhood is toxic), but interesting.
RIP Django, rock on brother
haha no bounce from the mnuchin headline
Mnuchin crashed the market. But we WILL bounce this week.
VIX @ 35. We might get a short term bottom tom
Bannings on Christmas? These are truly dark times.
A short term bottom should happen, a reaction and consolidation pattern. But we have still not seen high volume capitulation and reversal.
i’m buying into carnage tomorrow- small positions. Sitting on over 50% cash. BA, HD, AXP and perhaps some AMZN. I think we turn at some point tomorrow unless Trump tweets more stupid shit. Will look at XOM under 65 too if WTI stabilizes – 65 if crazy oversold.
“Rogue Fed”? You still haven’t paid for the last crash. Everything since then was made on debt. “…markets settle and do their thing.” Fuck me, if the markets were allowed to do their thing you lot would all be standing in long queues wearing denim.
It is payback time.