In case you have some friends in Argentina, just know they’re all poor now, unless they were short stocks heading into today. The Merval is down more than 30%. Their banks trading here cut in half. Their currency is for shit — off by 25%.
This has resulted in a minor blip of a sell off here, 250 points, which most believe is due to the protests in Hong Kong. As for me, I booked an 8.4% profit in DOYU and a 3% loss in LK — a win by my standards. No big deal.
Going forward, I am 25% cash, 25% gold — waiting in the tall grass for fresh meat (no homo).
No one gives a shit about Argentina.
Prices on Argentina's 100-year bonds are in free fall. pic.twitter.com/FfkExKWCpj
— Lisa Abramowicz (@lisaabramowicz1) August 12, 2019
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