Markets are down more than 500 and my initial sense was to sell and book gains in my inverse ETFs; but then I realized if I did that I’d be left without hedges and the market doesn’t look all that fucking great now.
We have a classic risk off environ, with Utes, Treasuries and Gold strong — everything else down.
My two major tells in this tape are NVDA and AAPL. Keep it simple. I am not, however, looking at crude today, due to mid-east tensions.
If you’re buying dips, you’re assuming today is a one off event and somehow Trump will get the art of the deal mojo going again. My sense is this cannot be resolved right away and might elongate itself for quite some time. Then again, Trump is an Apex Narcissist and might pull a rabbit out of his asshole in order to buoy stocks.
One thing I know for sure, betting against stocks for a long period of time is a fool’s errand. I just think, or hope, for more pain and rough shaking of the tree before we bounce. Bear in mind, a lot of fucking retards are long stocks now. They deserve to lose.
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This response from China was perhaps a necessary step so that they have something additional to give up in order for Trump to be able to brag that he got an amazing (though, perhaps short-term) deal.
But longer term, isn’t any success that we have in disrupting China’s mercantilism is going to negatively impact the profitability of US corps that rely on their cheap stuff? And isn’t investing in countries where C suites are not filled with entitled execs making 30 times what the average employee makes a better bet for a shareholder who wants a decent share of profits?
As a Canadian having to deal with Diaper Donald’s steel and aluminum tariffs, and getting hosed by China because of the arrest of Meng at the request of the US, I hope Xi shoves it right up his ass. All the stupid idiots who voted him in deserve to suffer. They earned it.
Hey look, a Canadian who wants to pledge China. Fair warning, they tend to consecrate the bond of obedience on the regular.
Goodness. “Diaper Donald”, “up his ass” …I thought all Canadians loved us unconditionally.
Americans are great but their public policies are ridiculous. Guns, medical insurance, religious influence on public policy, openly biased judiciary, paranoia; where does all that nonsense come from?
Biden should adopt his own “MAGA”. Make America Good Again..
All right. Since you didn’t mention – and apparently don’t have a problem with – our many regime change wars, we will not target you …for now.
Oh yeah. That too. I forgot. Sorry.
Millionaire electrician friends …… Give me a break.