Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Rick: How can you close investigate me? On what grounds?
Captain Renault: I'm shocked, shocked to find that gambling insider trading is going on in here!
[a croupier broker hands Renault a pile of money]
Broker: Your winnings, sir.
Captain Rena…
But, do you start to DCA back in now, or wait until things got worse, which they probably will, but you never know
If things are on fire-sale prices, I would DCA. That's my plan as I continue to nibble on things new and/or to add to existing posit…
Right now? My first-round screening question is do people/companies *need* what the ticker sells regardless of politics or economic conditions? Or is it seriously exposed to consumer whims, tariffs, or other fickleness?
If the first one is 'yes'…
WaPo: "Under President Joe Biden, MAGA influencers framed every stock slide as a national crisis. Under President Donald Trump, however, they’re masterful chess moves or moments for building character."
(free link)
https://archive.ph/mbhKQ
Guardian:
The overall US tariff rate on Chinese imports has risen to 145%, a White House official has confirmed to CNBC.
The increase follows a new executive order from Donald Trump raising tariffs to 125%, up from 84%.
An additional 20% tariff, …
I *almost* trimmed some of my SPX short at the open (the options part expire next week) but for some reason I thought to myself "this isn't over yet." Looks like I was right.
He's also reducing the crazy surcharge on shipping on Chinese-built vessels...
(Free link)
https://www.wsj.com/business/logistics/trump-administration-revises-port-fee-plan-to-soften-blow-to-u-s-exports-603aa923?st=VJdTZC&reflink=desktopwebsh…
No tariff on Russia. That point has been made. I do believe Ireland is missing from the list, too. Curious. At any rate, the method for computing each nation's tariff charged by the USA is... um.... f***ed.
I believe it's called 'alternative math' …
Two questions:
In what fraction of a Scaramucci did FOTUS cave to the bond markets this week?
Did anyone else notice that both Liz Truss & the head of lettuce lasted longer than he did vs the bond markets? But then again, a sliced avocado wou…
April 9, 2025 at 10pm EST
2, 5, 10 and 30 year Treasury issues are indicating decently lower yields (price appreciation) and hopefully maintaining and improving going into Thursday trading.
It's all part of his super-jenius Plan, remember.
WaPo on the switcharoo...words just fail me here....
By late Wednesday afternoon, Trump was saying he had been thinking about switching course “over the last few days.”
The final decision, he said, “probably came together early this morning, fairl…
I doubt if Trump took in his proposed country by country tariff rates very seriously. He probably doesn't even understand it's squiggle filled formula. But, he is convinced he is the world's best negotiator. And, it appears he has now given himse…
Bought just several more of ET at the day's low, before everything popped on the suspended tariff news. Sometimes ya get lucky.
Same. Like 10m before the news broke ... I did a double-take when I saw that. My luck tends to go the other way when I …
Charlie Gasparino says "What happened in the bond market overnight, the spike in yields on the 30-year and the 10-year bond, which showed that people were dumping our bonds," he noted. "And from what I understand, this is what forced the hand of thi…
BBG: Goldman Sachs economists rescinded their forecast for a US recession after the 90-day pause on most of his previously-announced tariffs. Again, you should always do the opposite of what they recommend!
“Earlier today, before President Trump…
Around 830 ET this morning he tweeted out a plea to BUY.
Around 4 hours later, he announces the 90-day pause and indices shoot-the-moon.
In Trumplandia, market manipulation isn't a crime, it's just standard business practice.
WTF? Did Trump resign?
As of 1330 ET...
Dow is up 2250 6%
SPX up 332 6%
NQ up 1400 8%
Edit: CNBC -- Trump raises China tariffs to 125% but announces 90-day pause for others
Now watch Donnie bleat about how the Dow "rose the most ever in a s…
BOOM.
Markets reversed this morning's relief rally and are now flirting with red wth 90m to the close.
I expect tomorrow to be quite red as the latest China tariffs from the Toddler go into effect and they respond.
FWIW saying my levered SPX short ETF and option position did their job - for once I was right on time with my analysis and timing of hedges. Of course, it was nowhere enough to offset the damage everywhere, but at least there was big green showing …
Rumors that the WH will enact an annual 'exporter tax credit/refund' that will offset tariff hits for American companies sent the futures up last night ... and that some countries are lining up to negotiate with Orangina.
I don't trust this bounce…
And he's now threatening China with 50% additional tariffs if they don't drop the 34%.
Well, at least he has a lot of personal experience with bankruptcies.
He runs the country the way he runs his business. Only problem is, bankruptcy doesn't go w…
So now Donnie is insulting people who are worried about their retirement accounts...
“The United States has a chance to do something that should have been done DECADES AGO. “Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on W…
I just saw a good interview on MSNBC -- The global investor said " the world is moving on and looking at how to do it without the US" This is going to cause long term problems for the US. FAFO at its finest.
As the Orange one said about Canadian…
Excellent points. Not that Donnie Dimwit, Puppet of Putin, First Felon of the USA, and cosplaying 'president' would be able to read it ... let alone understand it.
Great picking. Thanks, made my day. Love the words. One good trend pays for them all. Indeed! :)
Hah. I found that back during the GFC when I was an active futures trader. It was brilliant. :)
NO ONE is "forced" to deliver the Party Line of either Party. It's a matter of personal choice, for whatever reason.
Sure they are. If they don't, they're fired. They don't need to be 'forced' at gunpoint to spew the party line ... it's all part…
But it will take a much heavier force to dissuade the Orange Doink. Majority in the Congress will have grow spines.
Until GQP Congresscritters realize there are more people outside their primary-threatening MAGA base who want them to do something, t…
As the Monday markets start to crash in Asia, this is Donnie at 7:20PM ET this evening...
"““We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now b…
Bessent is an out-of-touch elitist idiot, saying people aren't checking their accounts daily and thus won't be worried about market volatility.... as in, "nothing to see here, *I* don't have to watch the markets every day sitting on my piles of cash…
