Thanks Mr. Trump
The market spiked over 200 handles on Trumps announcement that means NOTHING!!!
The market had been trending down all day. Trump has a paid service that gives hedge funds ample notice for his tweets. Price to play 100K each. Last I looked.
200 points × $50 = $10,000 per contract.
For those of you that never traded a market, a 200 handle spike is an outlier event.
In normal market conditions without a major headline, you almost never see a clean vertical 200-handle rally like that.
That gives ample time for funds to exit their longs… UNFAIRLY!!!
There is ABSOLUTELY NO reason a sitting President should be allowed to alter the course of the market, albeit, temporarily and give big funds a free escape route for being ignoramus’s to the market cycles.
A gentle reminder. He sold you out. Nobodies going to jail and the CEO will walk out richer than when he came out. A real George WAshington.
Maybe we can send him back in the time machine he rode in on.
In my republic, you go to jail for this stuff. Maybe not yours. But in mine, the penitentiary.
I am not complaining because I lost money. I was short before he gave the inside information out to the guys with the big cigars and fortunately for mean reversion. I’m up. But there might be traders that weren’t so lucky.
