Be careful with these hot money plays, for they are getting bombed into the stone age on earnings. Yesterday, one of my holdings, CAAS, reported solid earnings, yet slipped a buck fifty, nonetheless. Let’s not even mention BORN. That fuck dives 10% if someone at the company sneezes sideways.
Even still, today should be a solid day, after a good jobs report. Plus anyway, the Fed is actively manipulating the markets, in an evil underhanded way in order to blow up our Asian counterparts. There is something very fucked up taking place between China and the US. Last night, China scrambled to raise reserve requirements for their banks by 50bps. Everyone openly acknowledges the fact that US clambux are flooding Asian markets to the point where dangerous bubbles are being formed. If you think about it, what better way to fuck your enemy than to create a monstrous bubble in their bullshit country that will one day blow up and cause armed revolt? Rofl.
China might have us by the short hairs via treasuries; but we have them by the fucking head with all of our clambux over there.
It should make for an interesting decade.
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