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Cognitive Dissonance
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Cognitive Dissonance

by The MoleJanuary 20, 2017

I had to think long and hard about what exactly to post today without insulting at least half of my readership. As you know I have kept political discussions to a minimum as a rule here at Evil Speculator. First up it’s awfully distracting and secondly it rarely has any bearing on our core activities which mainly revolve around banking coin and surviving our extended swim in the mirky shark infested waters of the U.S. financial markets.

And quite frankly there is little I could say about President-elect Trump that would most likely not immediately trigger an avalanche of emotionally charged exchanges. But – and there is always a but at Evil Speculator – a very important lesson can be learned as part of our ongoing journey to become the best traders we can possibly be. So instead of talking about the man who will be inaugurated sometime today let’s take a moment to talk about everyone else. Meaning the nation of people who elected Mr. Trump as the 45th president of these United States.

Playing By The Rules

And right away I can already hear the screams insisting that the popular majority of the country did not vote for Mr. Trump. And that is absolutely true – at last count Hillary Clinton won the popular vote by roughly 2.83 million votes. But she did not win the presidential election for the very reason that the United States is not a direct democracy, in the sense of a country in which laws (and other government decisions) are made predominantly by majority vote like for example Switzerland. Yes, some lawmaking is done this way, particularly on the state and local levels, but it’s only a tiny fraction of all lawmaking. Rather we (and this lowly expat counts still counts himself as part of your proud nation) are a representative democracy, which of course is only one form of democracy. And that is a fact, whether we like it or not.

And here we are the crux of the matter. Which is the ability to accept and abide by clearly defined rules which were agreed upon before deciding to participate in whatever type of activity. It doesn’t matter if it’s a board game, a sports competition, a spelling bee contest, or a national election. All these activities have one single thing in common, which is that they are clearly defined by rules and reglations. So if you choose to engage in said activity then your acceptance as a participant is contingent on you abiding and accepting those very rules, no matter if you like them or not.

Now that does not mean that you don’t have the right to criticize those rules or even seek to change them. More specifically if you are unhappy with the United States being a representative democracy then you are free to convince your fellow citizens to join you in your quest to convert to a direct democracy. Last time I checked the constitution of the United States allows for addenda and changes. Yes, it would take time but if the majority of the country agrees with you then there is nothing preventing a democratic nation of citizens to affect constitutional changes.

Cognitive Dissonance

Wikipedia defines cognitive dissonance as the mental stress or discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time; performs an action that is contradictory to their beliefs, ideas, or values; or is confronted by new information that conflicts with existing beliefs, ideas or values.

And obviously you already know where I’m taking this. Assume for a moment an alternate reality in which Donald Trump would have won the popular vote but Hillary Clinton would have gathered more delegate votes. Would any of the current protesters be on the street demanding for Donald Trump to be declared the legitimate president of the United States? Of course not – for the simple reason that self interest remains to be the basis of all reasoning. And the same token it’s quite possible that many Trump supporters would be on the streets of Washington D.C. right now chanting angry slogans and rejecting Hillary Clinton as ‘their’ president.

But as the old saying goes – you can’t have your cake and eat it too. Rules are rules and what would have happened in a direct democracy has little bearing to our current reality. Now you may forgive people for reacting emotionally after having supported their favorite political candidate for months or perhaps even years. A lot of money and hard work goes into even regional elections and the stakes of political power are high. However we should always remind ourselves that fairness and a system of law, among all other things, used to be part and parcel of what it meant to be an American. And it was that very aspect of our nation that many others wound up admiring as a model for the rest of the world. So ask yourself if you are truly ready to throw out the baby with the bathwater.

Of course I have seen signs of cognitive dissonance many times on the trading front as well. People routinely engage in pertinent activities but often seem to be unable to accept the final outcome. Which is a rabbit hole that goes as deep as you are able to chase it. Maybe your stop got touched overnight as a result of a widened spread, or perhaps you got a margin call which you couldn’t satisfy, or an FOMC event robbed you out of significant paper profits. Instinctively we want to blame external factors for our failure but this is exactly the very moment when we should remind ourselves that we agreed to abide by those very rules ahead of time. You may remember the stack of documents you were asked to sign when opening your trading account. Right, that one. Which, had you taken the time to read it, would have explained to you in exhausting detail all the rules and ramification as well as the financial risk to which you were about to expose yourself. And any lawyer worth his/her salt will be first to tell you: Ignorance does not give you license to skirting the rules.

Mental discipline and rational thinking is not something we are granted at birth. Some of us are more predisposed to separating our emotions from our daily decision making than others. Most of us fail constantly and have to work on it every single day of our lives. It is an arduous process that requires constant personal vigilance and mental effort. Relenting into simply following your instincts and emotions usually leads to stark long term consequences – on the political as well as on the trading front. And just because everyone around you seem to be doing it doesn’t mean so should you.

Evil Speculator Rule #134: Accept the outcome and learn from it, whether you like it or not. It won’t change the outcome but it certainly will change you.

 


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • OJuice

    Thumbs up on the post.

    I read today that as many as 1/3 of the House Democrats are protesting the inauguration. I find that pretty disappointing for a number of reasons.

    And on a somewhat unrelated note, the old lady and I have been listening to a great podcast called, “Revolutions Podcast” http://www.revolutionspodcast.com/. The guy is great and hilarious and I highly recommend it if you are into History. We are working through the French Revolution right now and its very good IMO.

    Happy Friday!

  • ridingwaves

    accepting outcomes is painted in both pain and peace….

  • BobbyLow

    Fantastic post Mole.

    As one who is from the “other side”, a few months ago, I got very emotional about the election and said a few things here that probably shouldn’t have been said. The funny thing is that a few years ago I had decided to check out of the process completely because I got sick and tired of voting for the lesser of two evils election after election. I also realized that arguing politics is a complete waste of time because this is an argument that rarely can be won. Then DT came along and let’s just say I got re-motivated.

    Needless to say, I was shocked at the way the election turned out. However, I do realize that I am absolutely powerless to do anything about it. I did all I could do. I voted. At this point, all I can do is hope that I was totally wrong about him and just leave it at that.

    To those who supported him, I say congratulations and let’s hope things work out for the best.

  • ridingwaves

    We can only hope, the rest of that how the system responds is out of our hands..
    Its nice having a somewhat business savvy friendly CEO, maybe some fat can be trimmed off government excess and entrepreneurship can accelerate but at the same time some CEO’s use bankruptcy as option…he has to step up now, enough with Twitter and get on to making change for all. How Canada has universal healthcare and we don’t is mind boggling…insurance is a huge financial vertical and maybe the downsizing of all the middle men/women is what scares the government whom relies on these verticals to prop up in economic stats…

    I see little hope for me until I leave California. The state and local governments are like a mafia and keep raising the monthly take to support stupid stupid stuff that doesn’t help housing, roads, services, energy efficiency, water management etc. Instead it leaks into a sex change for a male murderer whom decides he is a woman, wants to be in women’s prison? or a 58 billion bullet train between Bakersfield and Fresno? huh, do raisins need to run up and down the valley? or how about defending illegal immigrants for free on tax payer dime while I pay a fee just to contest a citation?

    I’m leaning on Arizona, Oregon, Nevada as place to pull out in 8 years.

  • Mark Shinnick

    Recent elections have been immensely educational for myself, opening my eyes to the the reality of how carefully we all think with our preferences/bias of information quality, and then justify our decision, and thus treat our fellow American. More than any other, this election drove home that the effect of gullibility leading to prejudice leading to group think and justification of mistreatment of other Americans is immensely strong. Of all the indicators, it was the plurality of who was evidently behaving more abusively toward the other half of Americans that made the decision quite EZ.

  • Yoda

    It’s #MAGA time!!! :-)

  • Yoda

    Universal healthcare is certainly not the panacea. Although it’s free, to get an appointment to see a specialist in Canada the waiting list is several months if you are in luck and sometimes years. So if you have cancer, by the time you get diagnosed you’ll be dead or it will be too late to do anything anyway.

  • Mark Shinnick

    What everybody wants, nobody gets.

  • BobbyLow

    Funny, I lived in South Florida for 10 years and during that time, I must have asked at least 50 different Canadians which health care system they would rather have, theirs or ours. This was a very tiny sample, but not one Canadian said they would rather have our system.

  • ridingwaves

    sounds like going down to the dock, loosening some mooring ropes and taking off for the south pacific on a stolen ship and dying like a pirate might be better than the waiting list

  • BobbyLow

    I can’t find anything to disagree with you here RW and I totally agree with you on Universal Health Care. As you know, I’m originaly from Massachusetts and MA has a lot of the same issues that you have in California.

    When it comes to politics in general, I tend to be a left leaning moderate and am not a bleeding heart liberal. Having both bleeding heart liberals or the far right running the show scares the hell out of me.

    When I lived in MA, it was controlled by the Dems and the political patronage and waste was and probably still is running wild. I’ve lived in NC for the past 8 years and it is controlled by the Reps and it’s the same thing. It’s to the victor goes the spoils.

  • Yoda

    That is because they do not have health insurance in the US. Without insurance the healthcare system in the US is unaffordable for the common man. Canadians however do travel abroad, such as Cuba, when they need to see a doctor in a hurry without getting broke at the same time.

  • Jay Thomas

    Huh. I live in western Washington where we have a lot of Canadians. My informal polls have given the opposite result. They like the competent doctors that you can see on short notice. They aren’t happy about the price (I personally blame the lawyers), but they say the healthcare itself is way better here.

  • Jay Thomas

    Yes, well said Mole. Except we do not have a democracy and
    never have. (Putting on professor of linguistics hat.)

    “Too long didn’t read” version: U.S.A government is a
    republic, not a democracy; a history lesson ensues. Politicians change the
    meanings of words; a linguist is peaved.

    A Mrs. Powel of Philadelphia asked Benjamin Franklin, “Well,
    Doctor, what have we got, a republic or a monarchy?” With no hesitation
    whatsoever, Franklin responded, “A republic, if you can keep it.”

    There are popular votes, as you mentioned, so it can be
    called a democratic republic, but it is far from a democracy. Google says “A republic
    is representative government ruled by law (the Constitution). A democracy is
    direct government ruled by the majority (mob rule). A republic recognizes the
    inalienable* rights of individuals while democracies are only concerned with
    group wants or needs (the public good).”

    The Founding Fathers despised democracy. Very few of us have
    enough time and interest to devote ourselves to the details of government. In a
    democracy, the few who devote the necessary energy become de facto rulers –
    they sound like they know what they are talking about so people go with it.
    Then you end up with a cartel of rulers who wield the power of the entire
    population and who cannot be deposed. Democracy gives unlimited power to the
    majority. A Republic differs in that those people put themselves into the
    spotlight and everyone else formally debates their merits and flaws. Republics
    can be subverted as well, but not as easily.

    Alexander Hamilton: “We are now forming a Republican
    form of government. Real liberty is not found in the extremes of democracy, but
    in moderate governments. If we incline too much to democracy we shall soon
    shoot into a monarchy, or some other form of a dictatorship.”

    Franklin: “Democracy is two wolves and a lamb voting on what
    to have for lunch. Liberty is a well-armed lamb contesting the vote!”

    James Madison (in Federalist Papers 10): Pure democracies
    “have ever been spectacles of turbulence and contention; have ever been
    incompatible with personal security or the rights of property; and have in
    general been as short in their lives as they have been violent in their
    deaths.”

    John Adams: “Remember, democracy never lasts long. It soon
    wastes, exhausts, and murders itself.”

    By using the word “democracy,” progressives in both
    political parties have effectively begun to convert our republican system that
    preserves unalienable and individual rights to an increasingly socialist/communist
    system that replaces the individual`s rights with government distributed
    entitlements.

    Ignorance of our own history has made it easier for statists
    in America to blur distinctions that have traditionally defined our Republic.
    For example, *inalienable vs unalienable. As always, unalienable is legally defined
    as “incapable of being alienated, surrendered, or transferred”, but lawyers (pthuh!)
    legally defined inalienable as “capable of being alienated only upon surrender
    or transfer by the owner of the right.” It is easy to write a lengthy and
    obtuse contract in which rights are surrendered, but that contract is void is
    the right is unalienable.

    A few other pet peaves:

    No, we are not a nation of laws – we are a constitutional state.
    Laws must directly derive authority from the Constitution. Sadly, we the ignorant
    people have turned to the governments as our god; we accept it when they create
    laws outside the limits of the federal and state Constitutions.

    Federal does not mean federal. Federal governmant actually means
    that the power is distributed to the constituents – the states or counties, not
    the central government. The three authors of the Federalist Papers flipped the
    meaning of the word so that their oppenents in New York could not use the term “federal”
    as a rallying cry. Words changing meaning naturally over time, but this was a
    deliberate act of deceit. All for our own good, right? The end justifies the
    means? Acceptance of the Constitution depended on New York, the most powerful
    state prior to the creation of the U.S.

    “Checks and Balances” is not part of the Constitution or any
    of the Founders writings. The concept is attributed to Montesquieu in his
    theory on separation of powers and was favored by John Calvin who promoted
    democracy. The Founders generally agreed with the separation of powers (which
    is why senators were chosen by state legislatures, distinct from the house being elected by
    popular vote), but not coequal power. The legislative was intentionally
    designed to be the strongest branch because it had a lot more members – harder to
    collude with that many people.

    “Domestic terrorism”… don’t get me started.

    “Liberal” comes from the Latin adjective liber meaning “free,
    unresticted”. How does intense regulation of the minutia of our lives promote
    freedom of choice?

    “Conservative” comes from the
    Latin verb conservare meaning “to keep, preserve, keep intact, guard,
    maintain”. How is the Dept of Homeland Security conserving the traditional
    freedoms of our republic? I’ll pick on Boehner since he is gone. How was anything that he did while Speaker of
    the House (the position intended by the Founders to be the most powerful
    position in the country) conservative? How is Chief Justice of SCOTUS John
    Roberts conservative?

  • BobbyLow

    Jay you mentioned the key problem and that is the cost and it is. Doesn’t WA have a form of State Run Universal Health Care?

    But the bottom line is that if a person has excellent health insurance paid for by their employer then they have no problem. If a person does not have this then they are probably paying $15,000 per year or more for their family’s health insurance. If they can’t afford this and qualify then they are added to the millions of people on Medicaid. This when combined with the millions of people on Medicare and the Millions of the active and retired Military also covered by a Goverment run system, we already have a form of universal health care used by a tremendously large segment of America.

  • BobbyLow

    On the trading front, I began to pucker a little because I had picked up a short of the Russell via TWM just before the close last night. This could still be a shit trade but I got the signal and took it. But then I was worried if DT might say something to cause a knee jerk reaction to the upside? It looks like I have dodged a bullet so far.

    Of course Oil is still in Fuckery mode and I remain short here but have gone from profit to being slightly negative. My original stop was going to be 53.50 but my BB’s are keeping me in the trade fpr now. My long TLT is barely hanging on. So all in all, it hasn’t been a great day on the trading front but it is what it is. It’ll be interesting to see how we close.

  • Tomcat

    TLT has been a tough trade. On one side, Yellen has been consistent with rates > yields going higher, on the other side (where my trade has been) is the questions, how in hell can all these investment (i.e. in infrastructure) promises be realized if costs to borrow keep rising…

  • ridingwaves

    opex to boot

  • BobbyLow

    Sure has TC.

    When I first saw the price of LT Bonds going up while yields were increasing, it was very strange because price was telling a different story from what was “supposed” to happen. But for me Price Rules.

    Anyhow, this is the only vehicle that I’m running trades from a Daily Chart and I still have a little room before I get stopped out. At some point, I’ll flip and be short but not yet. :)

  • Billabong

    Why the Electoral College process? It seems pretty straight forward, states with smaller populations would be run over in a direct democracy by heavily populated states like California. Some states also have totally different cultures and value systems. I for one don’t want the four largest populated states (NY, CA, FL and TX) dictating terms of engagement to the rest of the country. As for HC and the popular vote, if the three largest metro areas in CA were taken out of the equation, she wouldn’t have had the popular vote…

  • Billabong

    Even with a sell signal, there’s still no breakout or breakdown…

  • Billabong

    We learn a lot about human behavior in the trading business…

  • ridingwaves

    L SAEX 7.01 Stop at todays low..
    Trump trade…ultra small float

  • http://evilspeculator.com Sir Mole III

    Fantastic discourse here today – will work myself through it as I just returned from running errands.

  • Mark Shinnick

    Especially. I think it starts and ends within each of us. Personal reflection, self understanding and total responsibility for our results being always in our face.

  • Mark Shinnick

    Yeah…its an amazing protective result, in essence to help prevent a chronic festering centralization of power.

  • BobbyLow

    I’m uncertain if I’m even disagreeing with you here Mark because I don’t know what you meant by “the plurality of who was evidently behaving more abusively toward the other half of Americans that made the decision quite EZ.”

    Regarding information, I didn’t need anyone to explain to me what I saw leading up to the election. I understood what I was seeing very clearly and made my decision accordingly. My side lost and that’s it. So now all three branches of goverment will be controlled by the same party. History has shown that regardless of whatever party has had total control it is only a matter of time before they fuck it up. Perhaps, DT will be enough of a rebel to change history for the better. I hope so but we shall see.

  • ridingwaves

    you don’t want some of the money grows on trees politicians of California..
    tree hugging to them is can you pay more taxes as they hug you….yep, your the tree or sucker….

  • Darkthirty

    Still looking for a c of C drop to 2247 if we’re in 4 or better if 3 of 1.

  • BobbyLow

    Lots of interesting stuff Jay.

  • Tomcat

    Catching a falling knife in natty here…wish me luck…

  • ridingwaves
  • BobbyLow

    You are correct because it definitely has not broken down yet. However, I was looking for a close below the January 12th Low. I got it and triggered my short. It also hadn’t traded that low since December 6th. Could just be an extended consolidation or the beginning of the beginning. :)

  • Edd

    Hi Bobby,
    I am grateful to Mole for the post today. In the interest of full disclosure I was surprised, dismayed and angry the day of which you speak. I was surprised that someone I perceived that I had so much in common with was not of the same political views as myself. I do not lean right, I have fallen over to the right. I am not a rabid bombastic flamethrower, yet I do hold very conservative views. I was horrified at the looming election of another Clinton. I was mad at you that day for your views and for your emotions. I was and am sick and tired of all the vitriol I have to hear from even my own family members I otherwise love. I wrote an angry email to Mole saying the heck with this. I didn`t come hear as a sub to pay for this. I never sent the email to him. Days went by. A cooler head prevailed and very soon thereafter I wasn`t mad any more. I was now sad that you had left. I really missed you. I missed your posts. I missed your thoughts and experiences sharing with us your journey in our joint trading experiences. You were my “friend”. You were my “brother in arms” in this fight to try and bank coin. I learned much from you and was always amazed at how similar in all ways my path mirrored yours. I was so glad to see you come back. I thought of contacting Scott to see if he knew where you might be hiding out, but thought better of it. In the end I knew I had become a better person. I looked within and resolved to try and mend things with others not in sync with my views. The Bobby I knew and respected before was still the same Bobby now. I still am glad to see your posts. I am glad your here and I hope your back to stay. It is a lonely occupation trading by your self all day. It is great to be able to not lean right or left, but simply lean on each other in our common endeavor here. Thanks Bobby

    PS. I also have never liked the Patriots. I am a life long Skins fan and I have been wandering in the dry desert since the days of Joe Gibbs. I do have the utmost respect for Brady, Belicheck, and the organization. For your sake I hope your team wins. Once again this year like the past 20 some years, mine is at home.

  • ridingwaves

    the end of the world folks playing volatility L are still sharpening the falling knife…
    the gap near 3 on nutty is making it nutty….would feel more comfortable with close and launch….

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Cheers to Mole.
    You built this place Capt’n. Revel in it.

  • http://greenlander1.blogspot.com/ Greenlander

    Short GLD from last Friday. A bit early. Major short term positions are all longs BABA, BIDU, JWN smaller one in M,VFC all picked up in last 1-2 days. I really like the turd retail trade bc sentiment is so shitty https://uploads.disquscdn.com/images/25fc22222d736ab22e3841b85400a6e8a4f06ead9aef13f0e6d061fd3426499a.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    can we look forward to a
    State of the Union EvilSpec plan?

  • Mark Shinnick

    This is such a fair question going to our perception bias, or prejudice, and to the concept of selective attention. We need some more robust standard to identify the encroachment of those limitations against the quality of our decisions. Character is then what matters most because of all the conflicting facts, assertions and confusion, it tends to demonstrate its chronic level.

    My attempt to objectify the data was to characterize both nature of the abuse and the countable incidents. For example, the number of hate words or acts, and the ease of how those behaviors became triggered, were observed simply as they were reported in mass media, but also within some of the blogs in which I participated.

    I was extremely impressed within those blogs how quickly and rapidly the emergence of hate or other prejudice could be elicited simply by my posing of rational questioning demanding of thoughtful and disciplined response. In other words, how quickly one side v the other would demonstrate breakdown in civility necessary for rational discourse and joint exploration for a practical answer to the question, to then resort to personal attack, was in my view dispositive of character. Once the personal abuse begins it tends to become self-sustaining and self-justifying exactly as an animal behaves in fight; game over, another (hopefully objective) data point acquired.

  • http://greenlander1.blogspot.com/ Greenlander

    Here’s a huge swing and a miss. I bought OTM calls expiring this week @ .21. Needless to say the low probability event I was looking for didn’t happen https://uploads.disquscdn.com/images/79949772b78382a37ea32424308748217d3f06389313ff7e42cc7eea2d0f0645.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    I’ve been sideline from shorting a couple of days because my model’s character of this is more bullish than usual, but still short. I’ll probably reshort closer to the local high, however, with a potential hair-trigger reversal to long.

  • Mark Shinnick

    Its why I love this blog, people committed towards better understanding.

  • ridingwaves

    JWN makes big moves, a move to 48 could happen fast to fill gap on daily, I would sell 2/3 on 48 quote, it will need to push thru and settle above 200sma for test of 51, chart is still bearish and 51-52 is now heavy resistance…

  • BobbyLow

    Thank you Edd. You brought a tear to my eye with your kind words.

    I can have a short fuse that causes me regret from time to time and that exchange was one of them. This is probably why I could never become a politician. :)

    Funny thing is that I was just in the process of writing an email to a friend of mine who just showed me a back and forth political argument that happened today between him and a friend of his. These two have argued politics for years with my friend arguing from the left and his friend from the right. I told him about my friend in Florida who was also from MA and he and I would argue to the point where our wives would be totally embarassed. We spent about 10 years arguing back in forth and he died about 2 years ago. Although he could sling it as well as I did, I regret all the wasted time we spent arguing about things that we could never ever come to an agreement on. Life is too short.

    You mentioned family and I have 3 adult children of which they are a daughter who is about as bleeding heart liberal as they go, a son who is a moderate and could vote either side and a daughter who is Republican and devoted to Fox News. So that is quite a mix. I love them all and they chose their own paths for their own reasons.

    I’m glad to have you here too Edd. It’s great to have someone close to my own age and that has been through a lot of life experiences.

  • Edd

    :-)

  • kim

    Didn’t know Soros is trading without SL?!

  • http://evilspeculator.com Sir Mole III

    Maybe that’s why he lost $1B since the Trump election rally?

  • http://evilspeculator.com Sir Mole III

    So you think you are safe, mmmh? Mmmwwwuuhaaahaaaaaa!!!

  • phantomflash

    Absolutely correct that we have a representative republic, not a representative democracy. (And a pet peeve – not peave – of mine: spelling.)

  • kim

    And maybe position is still opened :)

  • http://www.ProfitFromPatterns.com/ Ivan K

    Greetings all … Monday’s gap concept just struck again in my neck of the woods … a nice way to start a week from where I sit.

    Chart below

    https://uploads.disquscdn.com/images/c302a095054b579d6be21bed27c8ebb8d40d5952bc24d2b0ee7f58eb877acd06.png

  • http://www.ProfitFromPatterns.com/ Ivan K
  • Yoda

    Greetings Ivan, looks like the “real” Trump trade may start on Monday

  • http://www.ProfitFromPatterns.com/ Ivan K

    NFI … and care-factor less than zero.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://www.ProfitFromPatterns.com/ Ivan K
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Nicely done!

  • http://evilspeculator.com Sir Mole III

    Pretty much my theme today…

  • StockTalker

    Damn nowhere tape, still holding

  • StockTalker

    Look at DRYS, GLBS has been on fire!

  • ridingwaves

    DRYS just did a split today and is getting pounded…it might be a scalp play, if the mm’s-hedgies decide to become bullish. I was looking at it last week but figured the big boys were going to bury any cheap share buyers from last week…that was a smart move by looks of it today

  • StockTalker

    Time for /NG to make a move.

  • ridingwaves

    metals are doing nicely considering tomorrow is opex

  • StockTalker

    /ES 2260 again, uuuggg

  • http://evilspeculator.com Sir Mole III
  • Yoda

    be patient grasshopper. Let retail blow their load first. 😉

  • StockTalker

    Going to Trump that B****!

  • Steve Brophy

    Fairly balanced article, Mole. Thank you. J
    Just FYI, as I am from New York, a little clarity on the popular vote win:
    There are 3,141 counties in the United States.
    Trump won 3,084 of them.
    Clinton won 57.
    There are 62 counties in New York State.
    Trump won 46 of them.
    Clinton won 16.
    Clinton won the popular vote by approx. 1.5 million votes.
    In the 5 counties that encompass NYC, (Bronx, Brooklyn, Manhattan, Richmond & Queens) Clinton received well over 2 million more votes than Trump. (Clinton only won 4 of these counties; Trump won Richmond)
    Therefore these 5 counties alone, more than accounted for Clinton winning the popular vote of the entire country.
    These 5 counties comprise 319 square miles.
    The United States is comprised of 3,797,000 square miles.
    When you have a country that encompasses almost 4 million square miles of territory, it would be ludicrous to even suggest that the vote of those who inhabit a mere 319 square miles should dictate the outcome of a national election.
    Large, densely populated Democrat cities (NYC, Chicago, LA, etc) don’t and shouldn’t speak for the rest of our country.
    Thanks again –
    Steve B. NYC