So all in all, just another Saturday in a world that’s completely falling apart.
“Trump’s derisive description of Kim Jong Un as ‘Rocket Man on a suicide mission’ and his threat to ‘totally destroy’ North Korea were not in a speech draft that several senior officials reviewed and vetted Monday.”
“Either way, you gotta be super smart to run a country and sell vol. buddy, okay? It’s not easy.”
UK Cut to Aa2 From Aa1 by Moody’s.
“To some extent the market’s resilience is justified; in other cases, however, it looks like a case of when rather than if potential shocks get priced in.”
“Perhaps, the prudent investor should be braced for at least a -20% plunge in the value of a well-diversified portfolio at some point during the next 18 months.”
“I know our logo and our name might not seem like it … but they stand for fueling your passion.”
“This one is better.”
“Why bother with hedge funds when you can buy the SNB? They print Swiss Francs and invest the proceeds in stocks.”
“And yet, I almost feel like I’m being an iconoclast by choosing to take a sip from a glass half full.”
“Our nation’s ballooning trade deficit has gutted American manufacturing, killed jobs and sapped our wealth. That is going to change under President Trump, and rules of origin are just the beginning.”
“High October volatility is visible in each major index and sector over the past 30 years.”
And it got still more ridiculous.
“Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down.”
Trump, having learned absolutely nothing, is back at it this morning on Twitter.