I’m having a fantastic week so far, so I might as well piss and moan about something to even things out: early last week, I got stopped out of my QUBT short. I guess their “earnings” (they earn nothing) report wasn’t so awful, so it popped higher and I took a hit. Ever since then, it’s been falling every day, since people are realizing that pouring money into quantum computing companies with zero revenues and profits isn’t so sharp.
Again, this isn’t a swipe at your hero, so just settle down. Here’s what I think your god is thinking:
Put this in the Bible: this isn’t going to happen. Kevin Warsh is fucked sideways at this point, and he’s going to wish he’d never taken the job. Interest rates ARE going to go up no matter what he does, and the more he has to hold rates (or INCREASES them), the more his supposed boss is going to screech at him, say how disappointed he is, how stupid he is, and so forth.
(more…)Happy Nvidia Eve, everyone. So, what’s going to lift the market today? A pledge not to nuke the moon? After all, yesterday afternoon, a sudden promise to not bomb Iran on this particular Taco Tuesday was all it took to flip the entire market green.
Not to worry. I’m sure everything will be fixed in two weeks. Two. Weeks.
The /ES is actually hammering out what has a chance of being a decent reversal pattern.
What a stupid and vain waste of time. Sheesh.
