Everyone awaited the great Trump speech and it ended up being more nothing-sauce. Believe me, Trump’s stock market is in danger of an cataclysmic collapse.
Highlights from Trump Asian Recap speech pic.twitter.com/56ajQtSLn3
— The_Real_Fly (@The_Real_Fly) November 15, 2017
As for me, I remain heavily long UVXY, DRIP, RUSS and LABD. I have additional size in FIZZ and HMNY, both of which did fine. And I’m short BAC and NVDA.
NVDA is days away from a fucking tier 1 collapse.
For the day, I only bought AAL — as a play off weaker crude. Once crude starts to slide, you’ll see all of the tranny fags sashay their way into AAL, DAL and others.
It was a bad day, one that saw markets close near the lows. You’d be wise to get your affairs in order. The Turkey Gods aren’t coming this year.
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Magically, the current recorded high was 1 year election, when the power structure “lost power”
As I noted, “surprise”, last thursday, I wasn’t sure it was a coincidence the nikkei hit an inflection
So there.
Closing 2,594.38 Wednesday, November 8, 2017
Did everybody buy the dip here? Like wow, S&P 500 down 1/2% today. The horror.
Yeah, that wasn’t a “donkey punch,” that was a donkey lick on the cheek. The real donkey punch is coming…
WTF? Trump puts a bottle of water to his lips with both hands as if that was a sippy cup and drinks out of it like a closet homosexual. At two-years of age my kids were already pitching sippy cups across the kitchen with one hand. Disgraceful.
Two weeks of fish oil and that real beauty fish paste. Orange got lucky not puking while gingerly grabbing those water bottles.
Close call on the “donkey punched” .Now if it was “mule punched”. All hell could have broken loose.
DanNathan.com
…”market is in danger of an [sic] cataclysmic collapse.” Classic Fly hyperbole. This is why this blog is a must read.
I think Fly is making a mountain out of a mole hill with the junk bond correction and tightening spreads. It is really not that ominous. The market is just pricing in the risk that tax reform isn’t successful, but it will get done eventually. Why? Because if it doesn’t, Republicans know they will get slaughtered in the midterms next year.