This is the first night since all this stuff started that I am looking at the numbers, the market, the questions bringing asked, and the general tone...and it makes me sad.
So many mistakes have been made. Unnecessary mistakes.
Just stop for a second and think about the easy stuff that could have been done. Sure, the “panic” would have come a week or two sooner. Everyone is too interested in being “right.”
This country has lost its way. Maybe a good ass kicking will straighten us out.
“The love of money.” The “score” is what’s about to meet the headlights in the road.
The Dow is down 1250. Should we expect another 50 basis point cut before the open?
Using my VXX call profits and rolling the right into Gold.
It took a while, but it’s a machine.
Many of us were projecting the current state 5-6 weeks ago.
Bannon had some great points, on all of this, a couple of days ago.
He said that the administration/POTUS could’ve said....the numbers could very well be high...we are preparing....we are doing x, y, z and all resources are being expended....
Something to that effect. That people take bad news much better, at first, than later.
Not sugar coat it, then have things go south...loss of confidence.
I guess they were worried about panic? Well, now what?
mistakes:
unfortunately, the labor pool in DC is limited to those willing to live there or who do live there. Bubble vision is all the more reason to move agencies into the heartland to adjust their perspective