Index futures have plunged in after-hours trading, presumably on news that Trump’s former campaign manager, Paul Manafort, has been convicted of fraud. Does Wall Street actually care about this? Not one bit. So why are stocks falling? Simply because the traders who ‘work’ the news each night think it will trigger widows and pensioners into dumping their shares at fire-sale prices. However, I am advising Rick’s Picks subscribers who held short positions in the E-Mini S&Ps from today’s high to cover most of it before DaBoyz run up the shares they are at this moment stealing from the gullible and the unwary. Their phony, fright-wig tactics remind me of Oscar Wilde’s crack that “One would have to have a heart of stone to read the death of little Nell without dissolving into tears…of laughter.’ And so it goes with those who evidently believe that Manafort’s conviction will hold back a bull market that is manipulated 100% of the time by shysters, carny men and lunatics. _______ UPDATE (12:30 a.m.): I now see that a news story out just after I published the comments above — Cohen Cops a Plea — was the ostensible reason for the stock market’s dive. My comments still apply, however, since only the half of America suffering from Trump Derangement Syndrome could possibly believe that Trump’s ex-lawyer’s admission of guilt in the bimbo-payoff scandal will topple the President.
Shysters Pull a Fast One in After-Hours Trading
- August 22, 2018, 8:54 am
In life and in markets:
We all get just what we want.
1) I would suggest that ‘one has no control’ as towards being the noun or subject over not just the markets, but all things in life.
2) That ‘waiting, patience’s or self-discipline’ as towards being the verb or action over not just market success’s, but of all and any success in life.
Epictetus taught that philosophy is a way of life and not just a theoretical discipline. To Epictetus, all external events are beyond our control; we should accept calmly and dispassionately whatever happens. However, individuals are responsible for their own actions, which they can examine and control through rigorous self-discipline.
https://en.wikipedia.org/wiki/Epictetus
Have a great day Rick.