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.
BONUS
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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No doubt some Bag Holders in LOMA AGT ARGT TEO. But they make a hell-of-a-good steak. Time to buy some beef on the cheap.
AAPL, NFLX, and MU are curently positive – just about everything else is negative. Very odd that market volume leaders.are tradign contrary to the market.
Argentina mail ordered bribes just got 30% cheaper. More winning.
My condolences to your team of misogynists for the recent loss of your star player, Jeffrey Epstein. May he rest in pieces, in the fiery realms of Hell
reply to trumpmeister…
In case you have some friends in Argentina, just know they’re all poor now, unless they were short stocks heading into today OR owned gold or owned Bitcoin.
Anyone who owns a 100 yr bond deserves -0-