During the Trump administration years one of his biggest detractors was a person called BILL KRYSTOL, widely hated by both the right and the left. He is what is called a “neocon” and doesn’t really have any allegiance other than to spread “democracy” around the world through war — the neocon doctrine. They’re a lot like Trotskyites and if you track down his lineage you will find his father was King Neocon, who of course had close ties with Trotsky. The neocons were the aggressive communists who wanted to spread their way of thinking through war and then they were ousted out of Russia: they came here.
Those same fuckers coopted the republican party and made very specific appeals and for a while went unchecked, especially after 9/11. But now it’s pretty obvious they’re all war-pigs who don’t like America the way it was or is — but have a vision for it the way they intend to rule over it.
My point is, Bill’s favorite candidate was and always will be Nikki Haley. Aside from never-ending war, Nikki also wants to nuke your social security fund because giving it to you at 65 is simply too young and needs to be more in line with your DEATH DAY.
I only tell you of my opinions to warn you — in case Nikki suddenly surges in ze polls and starts to collect all sorts of campaign donations and/or becomes the VP candidate.
As for markets: I have no business trading and made a mess today, losing 1.1% in whip-saw action. We jumped higher and both my quant and longer term accounts made money — but my indecisive trading, coupled with lack of conviction, caused me to get churned. I lost 1.5% for the week, now down 11% for August — up 33% YTD.
What to do when slumping in such a manner?
Normally you want to trade through it and stick to one conviction. The issue I am having is the market is behaving anticipatory and I am an instinct trader. In other words, the momentum isn’t there. The moves are had only if you positioned ahead in anticipation of such a move. Once you see the move and lured into it — it’s over. This isn’t always the case and I always do best CHASING performance.
I closed with a fully long book — probably the most bullish book all month. I am positioned this way because of today’s action and guess that if rates didn’t jump after the Fed said they’d raise em’ again today — there is a good chance we could see stocks rise again on Monday. Either way, it has been dreadful for me and I have not enjoyed my job trading, which reminds me why I quit money management and how I hated it during the bad times.
The highs are high and the lows are very low.
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Enjoy your weekend Señor.