On Friday, TIG says something horrible/psychotic. The market freaks. Over the weekend, TIG says “never mind”. The market flies.
Dow futures rally 500 points after Trump announces delay on EU tariff
Steve
2 Likes
I looked at that this morning (since the big meltdown a month ago I go to CNBC to look at the futures as I’m sitting with my morning coffee; amusement only, of course) and almost daily I wonder, who are these idiots getting a sugar high from “Oh, the tariffs are delayed” and the next day being morose over “Oh the tariffs aren’t delayed after all”.
Idiots, all, best I can figure.
6 Likes
Years ago, a major mutual fund company fund manager was caught front running his trades in the fund, with his personal account. His reputation, and the size of the fund buys/sells, could move a stock, so he was front running the fund moves to personally profit off of fund moves. Would TIG do the same thing?
Steve
5 Likes
That’s a rhetorical question, I’m sure.
3 Likes
Is there an acronym for that already, too?
Edit: turns around there is an entire article on new acronyms. FA FO (F**k Around and Find Out) seems quite to the point.
OFTIGBO
20-19-
The Captain
On Friday Trump Incites Goverment Bankruptcy Often?
9 Likes
Ooooh, I want to play, too:
OFTIGBO=Only Fools Trust In Grifters Backing Orange.
Pete
10 Likes
Just a few I’ve seen:
8647
Foxtrot Delta Taco (my new favorite - a variation of Foxtrot Delta Tango)
And a ton of variations of Taco Belle:
6 Likes
OFTIGBO = Outrageously Fluctuating Tariffs Induce Growth-Busting Outcomes
6 Likes
If he was smart enough, of course he would. Somebody probably does it for him.