The giant piece of shit hated by all at Facebook has beat estimates again. I happen to own META in trust accounts — because monopolies are easy to profit, hard to destroy.
The ghettos of the internet are immensely popular for both owners and creators, filling an echo chamber with well wishes and inane perversity to placate an otherwise listless and un-demurred generation.
I traded light, kept hedges, lost 21bps. It’s easy to lose money in markets ill designed for your trading habits. This is not my market — but I’ll adjust soon.
So the FOMC hikes and rates went down. What does that tell you?
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