Schadenfreude Friday – Trump Catches Corona

Talk about an October surprise!

It seems the President has contracted the coronavirus as the Global hoax spreads to the White House.  Of course, it's very possible that Trump, who is constantly tested and is surrounded by people who are constantly tested is FAKING the virus to elicit sympathy, give himself an excuse to not be humilated by Biden again in another debate and to make an "amazing" recovery, proving to his gullible followers how strong he his, probably claiming that he can be their salvation too.   

Would that really shock you if it happend?  Trump passed 20,000 false statements to the American people way back in July, should we believe this one?  After the debate, Trump's numbers have been plunging and the GOP has resorted to using Russian "Deep Fake" videos and images to make Joe Biden look bad – and that's not working either.  

If cheating doesn't work ahead of a test, why not fake sickness?  It's what a gaint child would do…

So, if the President is really sick, I wish him well – no human should ever have to suffer what 7.3M of our fellow countrymen are suffering under the Trump Administration – not even Donald Trump.  But, if he's faking it, then he is the biggest peice of s**t on the planet which is suffering 34.3M infections with over 1M people now dead from the disease the President actively DENIED – not ignored.

 

IN PROGRESS

 

 

 

 

 

 

 

28,000 Thursday – Dow Back Within 5% of it’s All-Time High

We're back baby!

The Dow Jones Industrial Average topped out at 29,500 in February as we ignored the virus in China and then it plunged 11,000 (37%) points, to 18,500 in late March and now it's back up 9,500 (51%) since then and we're only 1,500 points (5%) from a full recovery.  Recovery, of course, is a funny word when over 7M Americans now have a disease that has terrible, long-lasting effects on the body but who cares – it's rally time!

The revised Q2 GDP came in yesterday at -31.4%, which was better than the previous estimate of -31.7% but that's not why we rallied, we rallied because it was the last day of the quarter and the hedge funds all like to "dress the window" and make things look good in the brochures they use to lure in fresh month during the following quarter.  

This will be a nice time to go over our hedges and make sure we're prepared – just in case the indexes are rejected at their all-time highs again – given the 200,000 dead and 7M infected and 31.4% decrease in economic activity and all.  Oh, and the nation's slide into Fascism….  So, in our Short-Term Portfolio, which we reviewed back on Sept 18th, we've made no changes but we've made a lot of money as Tesla Calmoed down a little – though that may change at any moment again:

While the TSLA position has the potential to give us a huge pay-off, it's very volatile and we need to focus on our hedges, which we KNOW will pay us if the market falls for sure.  At the moment, our primary hedges are SDS and SQQQ so let's make sure they are adequate to protect what is now a $1M Long-Term Portfolio (up 100% for the year).  

  • SDS – This is now a simple bull call spread and the spread is $12 wide with SDS at $16 so it needs to gain $6 to be 100% in the money for $240,000.  $6 is 37.5% of $16 and SDS is a


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