Dow futures slump more than 300 points as fears of a U.S.-China trade war ratchet up

Make that down 450 on the day (so far).

And the VIX started the day at 13.77...is now over 18.
Means my son is making money.


So am I.

I shorted the DOW as soon as Trump started his tariff nonsense.

Plus...I am short Tesla. Love the cars...hate the companies fundamentals.
My son straddles options.
He was making money before Trump and since.

Options are risky.

But if he can master them...big money to be made.

I admire his (trading) guts.
 
Make that down 450 on the day (so far).

And the VIX started the day at 13.77...is now over 18.
Means my son is making money.


So am I.

I shorted the DOW as soon as Trump started his tariff nonsense.

Plus...I am short Tesla. Love the cars...hate the companies fundamentals.
My son straddles options.
He was making money before Trump and since.

Options are risky.

But if he can master them...big money to be made.

I admire his (trading) guts.
He works with a team who have been doing this for over 20 years.
The Global Economy makes it difficult to anticipate a sudden crash.
 
Make that down 450 on the day (so far).

And the VIX started the day at 13.77...is now over 18.
Means my son is making money.


So am I.

I shorted the DOW as soon as Trump started his tariff nonsense.

Plus...I am short Tesla. Love the cars...hate the companies fundamentals.
My son straddles options.
He was making money before Trump and since.

Options are risky.

But if he can master them...big money to be made.

I admire his (trading) guts.
He works with a team who have been doing this for over 20 years.
The Global Economy makes it difficult to anticipate a sudden crash.


Actually, I disagree...somewhat.

Yes, big, fast crashes are rare.
But at least the more global the economy, the less effect individual central banks can have.
And they are now the real enemy of free market capitalism.
 
Means my son is making money.


So am I.

I shorted the DOW as soon as Trump started his tariff nonsense.

Plus...I am short Tesla. Love the cars...hate the companies fundamentals.
My son straddles options.
He was making money before Trump and since.

Options are risky.

But if he can master them...big money to be made.

I admire his (trading) guts.
He works with a team who have been doing this for over 20 years.
The Global Economy makes it difficult to anticipate a sudden crash.


Actually, I disagree...somewhat.

Yes, big, fast crashes are rare.
But at least the more global the economy, the less effect individual central banks can have.
And they are now the real enemy of free market capitalism.
Banks can do as they please...cook the books and get away with it.
 
So am I.

I shorted the DOW as soon as Trump started his tariff nonsense.

Plus...I am short Tesla. Love the cars...hate the companies fundamentals.
My son straddles options.
He was making money before Trump and since.

Options are risky.

But if he can master them...big money to be made.

I admire his (trading) guts.
He works with a team who have been doing this for over 20 years.
The Global Economy makes it difficult to anticipate a sudden crash.


Actually, I disagree...somewhat.

Yes, big, fast crashes are rare.
But at least the more global the economy, the less effect individual central banks can have.
And they are now the real enemy of free market capitalism.
Banks can do as they please...cook the books and get away with it.

Yup.

And then when they mess up...the Fed bails them out...free of charge.

It's disgusting.
 
My son straddles options.
He was making money before Trump and since.

Options are risky.

But if he can master them...big money to be made.

I admire his (trading) guts.
He works with a team who have been doing this for over 20 years.
The Global Economy makes it difficult to anticipate a sudden crash.


Actually, I disagree...somewhat.

Yes, big, fast crashes are rare.
But at least the more global the economy, the less effect individual central banks can have.
And they are now the real enemy of free market capitalism.
Banks can do as they please...cook the books and get away with it.

Yup.

And then when they mess up...the Fed bails them out...free of charge.

It's disgusting.

And then when they mess up...the Fed bails them out...free of charge.

Bank TARP made huge profits for the US Treasury.
Is that what you meant by "free"?
 
Make that down 450 on the day (so far).

And the VIX started the day at 13.77...is now over 18.
Means my son is making money.


So am I.

I shorted the DOW as soon as Trump started his tariff nonsense.

Plus...I am short Tesla. Love the cars...hate the companies fundamentals.
I do well trading stocks I do really lousy guessing which way the market is going to go.

Nobody who does well at the equity markets 'guesses'.
 
Who could have seen it coming?

US stocks drop as markets around the world are pummelled by Trump's intensifying trade war

Will Martin

Jul 11, 2018, 5:49 PM

https://www.businessinsider.com.au

LONDON – Global markets were getting hammered Wednesday as the trade war between the Trump administration and China intensified, with fears also rising that President Donald Trump could pull the US out of the NATO military alliance.
 

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