As I have no position at all in Netflix, I feel within my rights to respond to the stock getting the Kevin Spacey treatment after hours – har de har har har. Tee hee hee. Ho ho ho.
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Well, surely you heard the news that Trump has ratcheted up the Chinese Trade War again:
Earlier today, I saw something on ZeroHedge which would have made me fall out of my chair if it weren’t for the fact that I use a standing desk:
Groan. The thing is, he was extremely specific about his trade: he was short S&P futures, with a stop-loss price of 2741. I guess I don’t need to tell you what happened next.
The only good news is that we’re a hair’s breadth away from 2741 at this point.
When I woke up at about 4:30, I wearily glanced at my iPad, and I saw futures were down pretty hard. Nice. I went back to sleep. An hour later I woke up for real, and saw everything was green. And what, pray tell, caused this nearly 30 point spike? None other than that weasel Steve Mnuchin, who – – as seems to be the habit of this administration – – walked back all the tough talk about China. The response was instant.
My entire synopsis of the U.S. political landscape couldn’t be simpler: as long as the economy appears strong, and as long as there are plenty of jobs, Trump will rule the roost. Period. End of story.
The MOMENT………and I mean, the MOMENT………the economy is clearly faltering, he and his cronies are going to be thrown out on their ear (and stop having the right to grab the nation’s attention by tweeting stupid shit about the quality of the paint job on the Red Hen restaurant, for the love of God). But until then……….he is the MAN, no matter what people say. It’s the economy, stupid. No, no, more than that. It’s the economy, you idiot. End of story. END. OF. STORY.
Until then, I find this hilarious and chilling:
Well, my tweet last night was spot-on:
If you look long enough, I think you can tease out a pattern to this madness: