Down goes the Dow

Tesla bouncing off the bottom. Wondering how those who shorted are fairing....

Timing is everything.

yeah shorting is all about timing.

it's bouncing on this talk of big federal contracts going to tesla

I just can't believe that the elon effect won't bring the stock down a notch or two more. People identify him as a trumper, and that is going to make sales continue to fall and lose market share to chinese electric cars abroad.

Agree for the most part. And I definitely saw the bounce being tied to the discovery of the $400 mill contract for Armored teslas. What a f'g joke.

Sometimes it seems the hardest scams to see are the ones right in front of us.

Good luck on this. I know my premonitions on the short and timing and it makes me uncomfortable, but I would have given it a shot if not for my mitigating factor stemming from an impending wash sale if I did.

Started listening today to the audiobook version of On Tyranny by Timothy Snyder. Pretty bracing read that I recommend for those inclined to read non-fiction. Maybe obvious I read it from a certain point of view shared by some, but not others in this discussion, but I think it’s a good read for either side of the political chasm. I bring this up from the point of view that the current administration seems set on a certain path that will have important social and political outcomes but also probably very significant, yet largely unpredictable, effects on markets.

If mas is lurking, I would really love to know his thoughts on where things are likely heading, as he, while mainly American, is also widely travelled with roots elsewhere. Also, he’s said he is a lawyer, and the book offers one lesson that lawyers (and judges) always play a key role in the eventual descent (or ascent if that’s your point of view) to tyranny.

I think we are at a global socioeconomic critical point, in for a very bumpy ride. Keep some powder dry, everybody, is my thinking.

We were here years ago when the guy that funded the global Covid pandemic, lied, states covered up the truth, prosecuted, and shut down those that dared utter the truth. The tyranny is now being exposed rather than imposed.

Not a reader then?

Read the book. Maybe it’s about Biden, if you like. In any event, food for thought, no matter who you think might be a tyrant, I think.

My post implied that the tyranny has been here awhile. For example, in 2024 $516 Billion was spent on programs that had expired authorizations. Not legal expenditures. At the same time $1.67 Trillion was spent on interest expense for U.S.debt. A system unwilling to face the facts of an unsustainable reality seems tyrannical to me.

In regards to law, just yesterday the current Administration challenged Sanctuary Cities which are in violation of Federal Law. So, if activist judges can choose, like States do, to follow laws they want, and ignore those they don’t like, where is the tyranny?

I’m not sure you understand the word tyranny. Or perhaps I don’t. Either way, my main point is to advance a personal belief that we are entering a critical period where markets and economies may experience significant turmoil. Perhaps I’m wrong. We shall see. Best of luck to all.

You said: “the book offers one lesson that lawyers (and judges) always play a key role in the eventual descent (or ascent if that’s your point of view) to tyranny.”

I said: “yesterday the current Administration challenged Sanctuary Cities which are in violation of Federal Law. So, if activist judges can choose, like States do, to follow laws they want, and ignore those they don’t like, where is the tyranny?”

Turmoil in markets has also been here for sometime. Gold, bonds, currencies, and stocks will all point that out. The fact that 20 stocks are up, and 480 are flat disguised the fat lady pulling the strings.

For the Delightful Downvoters (DD):

Trump is a Musker.

“Those who failed or refused to see the massive opportunities from this Trump-led realignment -- and instead enslaved themselves to the broken, ossified, unimaginative, status-quo perpetuating Democratic Party -- are some of the dumbest people on the planet.” —Glenn Greenwald

From Vivek the Quitter? Couldn't even hang in DOGE.

Sorry, not a Russian stooge.

You are a dope.

Yup

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Lisa Abramowicz
@lisaabramowicz1
Ed Yardeni: “If the Fed does start to lower interest rates that could create a meltup” on the S&P 500, meaning “we’d blow right through 5,400 in a heartbeat, and we could very well get to my target of 6,000 for the end of next year by the end of this year.” https://bloomberg.com/news/newsletters/2024-05-15/fed-rate-cut-would-be-a-mistake-that-extends-inflation-fight-ed-yardeni-says?sref=aGKv3aV7
11:21 AM · May 15, 2024
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248.2K
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Yup again

Ryan Detrick, CMT
@RyanDetrick
S&P 500 up more than 20% the past 15 weeks.
After previous huge 15 week gains it was higher a year later 86% of the time and up 12.5% on avg and 13.1% median.
I almost feel sorry for the 🐻, almost.

4:18 PM · Feb 9, 2024
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51.6K
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It's still happening

Year to Date

SP500: +4.04%

Non-US Developed: +7.67%

Europe: +9.96%!!!!

Seems like the markets predicted the end of the ukraine war before talk about that really began. Impressive foreseeing by the markets.