The reason why you voted to oust Trump in 2020 was to send a message to him, not so much for Biden. The reason to vote GOP last night was in protest to the current ruling party, sending a message to them. But America didn’t really do that. Sure, there were some GOP gains, but nothing out of the ordinary. If you’re Biden or whoever controls him, you view this election as a rubber stamp from the American people that things are going swell and to continue the path we’re on.
ENTER FETTERMAN
Psycho
Clearly this man should not have been elected, but people voted for him anyway. Philly went more than 80% Fetterman — mostly due to the overwhelming majority the democrats own amongst blacks and latinos. He wears the dates of people MURDERED on his arms, tattooed there to remind him of all the people he has killed and the one’s he hasn’t gotten around to yet. Now that he’s in DC representing PA, I suspect several Senators will be murdered soon, providing the body of Fetterman with fresh dates to remember as he goes about life in the Fetterman way.
As for stocks.
Amazon is 10 yr oversold inside Stocklabs and nearing HISTORICAL stress to the downside levels. The data is good and if you look around you can bore witness to valuations of an absurd quality, such as SIVB trading less than 1x book for the first time since 2008.
But what exactly are we pricing in? The job data is good and earnings are off, but nothing disastrous. Have we overshot to the downside OR is the market pricing in something that is coming?
As for me, I am heavy cash, positioned in a pastiche of defensive names — hedged a little with FAZ. I am +81bps for the session and thinking the best course of action is more of the same. I shall not get vacuumed into value traps and will continue my methodical march higher amidst defensive names and hedges.
NOTE: TOOTSIE ROLL INC IS AT FRESH 52 WEEK HIGHS. If curious about the dot com implosion, I wrote two short books about my experience trading it. TR is featured too!
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I am pretty sure they thought their votes went to Uncle Fester (Addams Family). In any event it confirms to me that much of Pa. speaks Klingon and they were voting for one of their own.
Ha …you’re old.
Well let’s just say I changed my Medicare Part D plan the other day.
Stop running MAGA clowns so we can actually vote for republicans again.
That Oz person was nothing to vote for either. Everytime I think of him I think of all those idiotic emails I used to get in my spam folder to buy acai berries from him to cure cancer, lose weight, have reguar bowel movements, etc. (as seen on Oprah).
So the choice was a crime loving cyborg or medical huckster.
What a country!
Valid points, but on the first question at the beginning of the debate, the “Winner” was given 1 minute to answer the question.
His response: Thank you, good night.
A debate between him and Jim, without teleprompters would be productive, for a dementia researcher.
They also elected a dead man.
Hey—I wonder if Fetterman had anything to do with it! ?
https://amp.theguardian.com/us-news/2022/nov/09/pennsylvania-dead-democrat-tony-deluca-victory
Said dead voters, “finally, we got someone to represent us”