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So is this how it’s going to be? A day in which we have some Big Looming Event and have to sit around for it and wait until we actually trade? The biggies tend to be:
That third one is the one we’re dealing with right now. We’re all stuck in the muck until the Next Big Data Point. In the meanwhile, I languorously offer to you the next meaningful resistance level for TSLA, at its gap:
Welcome back from the weekend. We’re still in the throes of the quagmire, or face-off, or whatever other term you want to apply to a market that simply doesn’t know what to do with itself. My most optimistic (that is to say, bearish) point of view is that the resistance at 4200 is still our best friend, and the cyclic nature of the /ES over the past 9 months still suggests an erosion lower.
As most of you know, Elizabeth Holmes has managed to avoid prison for many years after her transgressions. My hunch is that this month will not end without her being led off to prison. Anyway, the New York Times did a huge write-up on her, and it’s quite a read. I’ve got to admit, the whole pretty mom+likes dogs angle works awfully well with me. Like this:
“In the waning days of Theranos, Ms. Holmes got a dog, a Siberian husky named Balto. Last year, when a mountain lion carried Balto away from the front porch, Ms. Holmes spent 16 hours searching in the woods, digging through brambles and poison oak, hoping to find him alive. Everyone knew Balto was dead, but Ms. Holmes kept searching. The relentlessness. The certainty. The fanaticism. “
Glancing at the comments of the article, it’s clear people have blood in their eyes when they read about this woman. The whole thing makes me just sad.
During the course of this weekend, during which sane people relax and enjoy themselves, I have:
I need to tell myself I’ve done enough for King & Country for now. I’ll see you Monday morning.
The world’s richest man isn’t Elon Musk. It’s Bernard Arnault, found of luxury brand LVMH. His success just goes to prove there are no limits to human consumption. No matter how many Louis Vuitton bags a woman owns, she’s always going to want more. Because……….they give life meaning, I guess?
