• Uber cringe worthy watching CNBC hosts and guests dancing carefully so as not to step on Trump's toes.
• If CNBC had an ounce of self-respect they'd hire a hardboiled engineer willing to state the obvious in plain English.
• Trump golfs, Wall St melts.
• Xi declares national schadenfreude day.
• Tariffs + Fed layoffs + long unemployment lines = recession.
• Civilized world knows US is run by a vengeful moron. World will avoid US as much as possible = no tourist visits, no student VISAs, no nonessential trade.
• Trump + Musk + MAGA Congress = years of recession.
• Repeat. YEARS.
Good question as well as a rhythmic allusion 😉, but since Reuters' is one of the most trusted news outlets, I don't think these fact checkers need to be checked.🙂
They think it will just bounce back. Unfortunately no country in the world trusts Trump or America anymore. A country whose government hurts the most vulnerable is not a country many want to deal with. Recovery will be long and difficult.
I closed out all of my spy puts about a hour or two ago, then I bought a few far OTM just in case it goes another leg. Should be bear market rally soon though. I'll wait on that to reenter the short side.
For the rest of you, bear market rallies are a phenomenon that happens in bear markets. RSI levels on SPX are around 30. Might have another down day monday, but at some point, we'll get a face ripping rally. It doesn't mean things are ok when it occurs.
Comments
“Thune (R-S.D.) said he will give Trump "the benefit of the doubt and see how it goes."
https://apple.news/A6xtBtsBkTQ22fT6cmoK8Dw
• If CNBC had an ounce of self-respect they'd hire a hardboiled engineer willing to state the obvious in plain English.
• Trump golfs, Wall St melts.
• Xi declares national schadenfreude day.
• Civilized world knows US is run by a vengeful moron. World will avoid US as much as possible = no tourist visits, no student VISAs, no nonessential trade.
• Trump + Musk + MAGA Congress = years of recession.
• Repeat. YEARS.
Why kill a business when you can kill a whole country full of businesses?
Now hold him to it!
https://www.reuters.com/fact-check/no-evidence-2012-trump-post-calling-impeachment-if-dow-drops-by-1000-points-2025-03-11/
*limbo dance* 📉🤓
https://www.leakedtrumpmemos.com/p/new-white-house-memo-on-market-response-to-tariffs?draft=true
The stock market has crashed in every Trump term as president. This time they can't blame Covid.
We need an update on that cellar mouse.
I closed out all of my spy puts about a hour or two ago, then I bought a few far OTM just in case it goes another leg. Should be bear market rally soon though. I'll wait on that to reenter the short side.