Wall Street, with Washington, is pushing the public and traders to shorten their horizons and the focus of their thought and reactions to today, just the here and now.
This leaves you without an anchor in reality, to be tossed here and there by greed and fear spurred by their latest lies and headlines, like short term day traders. This is how a con man bamboozles his victims.
Resist this. Maintain your observations and plans to more than a day.
Think about the next seven days for trading purposes, and perhaps the next thirty days at least for planning your strategy. And think about what you need to do to prepare for the future. And then you may not be blindsided.
So we had another Trump Bump, in which he threatens war almighty, and then announces a peace deal in time for the weekend futures to have fun with it.
The claims of peace talks are risible, with Iran launching a missile at a tanker attempting to sneak through the Strait, and then plainly attesting that all these claims of POTUS are rubbish.
Wall Street does not care. They read this as a signal to simply buy, with the strength of the government ESF functionality at their backs.
"A source close to Iranian officials says Tehran has documented a pattern of oil market manipulation tied to Axios reporting and Trump administration insiders, including evidence of a $9 billion insider trading operation linked to Jared Kushner and Steve Witkoff. The documented timeline of the $9 billion insider profit." The Hormuz Letter
It will be interesting to see if anything comes of it, and if the evidence they claim to have is turned over to and picked up by the Western media.
Gold and silver were of course hit, and then recovered a bit.
Bitcoin managed to gain back a little, but well within its trading range.
SpaceX managed a limp bounce. It still looks to be in a distribution after the initial IPO pump.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.