Market jumped more than 100 when the US-China trade war meeting was scheduled for October. We already knew this, but for some reason it was relevant today. Then, ALL OF A SUDDEN, Donnie Ukraine announced this:
*** WHITE HOUSE WEIGHING LIMITS ON U.S. PORTFOLIO FLOWS INTO CHINA ***
This means “fuck you BABA”, “fuck you Baidu.” It also means fuck off with your IPOs China — the American money isn’t yours anymore. If done, this is the deathblow to China and sure to fuck them hard.
Wait, there’s more. How about we de-list all of your fucking stocks?
BREAKING: Trump Officials Considering Delisting Chinese Companies from U.S. Stock Exchanges.
SCOOP on new pressure tactic in #tradewar from @jendeben @sdonnan
— Mike Dorning (@MikeDorning) September 27, 2019
Markets do not bottom on Fridays.
UPDATE: I sold DUST, purchased yesterday, for a one day profit of +8.5%.
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So who would the lawyers sue if this happened?
So who’s adding to LK?
You’re probably thinking I’ve been lying in bed all day with a case of the shakes popping pills with the metals diving AGAIN I’m not going to tell you I just know the FOG OF WAR is messy FDR is dead and the 2020s are coming right up.
Should have been done way back in 2010. That’s when I seriously got into trading and lost a bunch on Chinese scams as a piker neophyte!
Back before PPT, I would have said that it feels like we might crash to circuit breaker levels before the close.
Who’d a thunk it. So predictable.