Good morning lads. Don’t drink that coffee too fast, otherwise you might burn your lips off.
Trump is out talking shit again about trading deals without proof. Futures are higher, but very soon will be lower.
“It’s happening, it’s happening fast and I think things probably are going to happen with China fast because I cannot imagine that they can be thrilled with thousands of companies leaving their shores for other places,” Trump said during remarks at the White House, providing no evidence of such an Exodus.
When markets break down and have a hard time gaining upwards steam, they fail often and rarely, if ever, will they ascend on Fridays. Hence the phrase applies here “markets do not bottom on Fridays.” You might not believe it now — but you will by this afternoon.
The big story today isn’t about stocks — but cryptos (dot dot dot) surging higher. My ELF coin is up 21% and I couldn’t be more pleased. Truth is, total market cap for all ICOs is only $250m, still down $500m from the highs. I think once BTC breaks $10,000, we will begin to see the light at the end of this very dark tunnel — which is “new all time highs” ahead.
I’m here afflicted by allergies, allergic to the earth and the air, barreling into my birthday — which is tomorrow. I’ll be turning 43, but I look and feel 100. Something about turning 40 sucks the life out of you — and it has only gotten worse in recent years. Part of the reason why I decided to move from here is to change things up a bit — perhaps find a place to live that brings me comfort and peace. We’ll see about that. For now, prepping to sell the house has been hell on earth.
Cheers to better times and always remember — markets do not bottom on Fridays.If you enjoy the content at iBankCoin, please follow us on Twitter