Garden Varietal COURRECTION; Great Happenings Loom

Before we get too excited — let’s measure ourselves and not become too erect around the specter of a true market calamity. Last night the state of Georgia, renowned for lynchings, decided to prosecute Trump for election interference. I do not care whatsoever about Trump “having his day in court” or the “merits of the charges.” This is a show trial and show trials aren’t about justice, but to exact revenge. People have done far worse and nothing came from it. Anyone with an IQ north of 85 understands the hypocrisy here. But this isn’t why I’m interested in the state of Georgia. Last night the former general counsel of the FBI said, due to the laws of Georgia, that Trump may be held WITHOUT BAIL. They will arrest him and dress him in an orange jumpsuit and toss him into prison and then tell you Trump is out of the race for President — and there is nothing you can do about it.

FORMER GENERAL COUNCIL FOR THE FBI, ANDREW WEISSMANN, SAYS TRUMP MAY HE HELD WITHOUT BAIL IN GEORGIA CASE: IT’S OVER
pic.twitter.com/ObPNFZpHC7

— The_Real_Fly (@The_Real_Fly) August 15, 2023

How about that?

All of these events lead any onlooker to believe this is a fucking ticking time bomb that poses a risk to equanimity in the nation. Not that it really matters, in regards to the markets. When the BLM fools were monkeying around all we saw was fires and bloodshed and anarchy — yet markets enjoyed it. I suppose if we had an uprising in the country, on par with the anger brought out by the fucking COVID-19 policies, markets would ignore it and go up anyway.

Early this morning I fled most of my stocks and took a TZA hedge and because of this — I am only down 34bps. Even so, I am not pleased with losing a little bit of money. I am trying to figure out which way we move next — up or down. The NASDAQ -100 isn’t much and oil down 2% after the big run up it had might be a head fake. We do have bond yields up again and that portends a much more severe economic imposition than, let’s say, an armed conflict between the state of Florida and Georgian state troopers attempting to arrest Trump at his golf resort.