Did you ever hear the tragedy of Darth JPOW The Wise?
Did you ever hear the tragedy of Darth JPOW The Wise? I thought not. Itโs not a story the Motley Fool would tell you. Itโs a ๐ณ๏ธโ๐๐ป legend. Darth JPOW was a Dark Lord of the FED, so gay and such a bear he could use his money printer to influence the economy to create inflationโฆ He had such a knowledge of the economy that he could even keep stonk prices from falling. The dark side of the economy is a pathway to many abilities some consider to beโฆ transitory. He became so powerfulโฆ the only thing he was afraid of was losing his tendies, which eventually, of course, he did. Unfortunately, he taught Nancy Pelosi everything he knew, then she sold at the top. Ironic. He could save others from market corrections, but not himself.
Did you ever hear the tragedy of Darth JPOW The Wise? I thought not. Itโs not a story the Motley Fool would tell you. Itโs a ๐ณ๏ธโ๐๐ป legend. Darth JPOW was a Dark Lord of the FED, so gay and such a bear he could use his money printer to influence the economy to create inflationโฆ He had such a knowledge of the economy that he could even keep stonk prices from falling. The dark side of the economy is a pathway to many abilities some consider to beโฆ transitory. He became so powerfulโฆ the only thing he was afraid of was losing his tendies, which eventually, of course, he did. Unfortunately, he taught Nancy Pelosi everything he knew, then she sold at the top. Ironic. He could save others from market corrections, but not himself.
Bullish market makes me hard
When the stocks ๐๐ go up ๐๐ธ, my dick goes too ๐โฌ๏ธ๐ณ. Bullish ๐ market ๐ฌ makes me hard ๐ฆด๐ฆ. All the countries ๐ณ๏ธ๐ด๐ดโโ ๏ธ๐๐ฉ๐ณ๏ธโ๐๐ณ๏ธโโง๏ธ๐บ๐ณ try to recover ๐ from corona ๐ฆ so the money ๐ฐ๐ต๐ธ flows ๐ฌ into my pocket ๐ณ. Soon ๐ there will be a crash ๐๐ญ๐ฅบ๐ and the bears ๐ป will crawl ๐ผ out of their holes ๐ณ. Then they cut off my greedy dick โ๏ธ๐๐ฉธ if I donโt โ eat โem out ๐ ๐ธ. I must turn into a bear ๐โก๏ธ๐ป and make ๐ค๐ผ more money ๐ฐ๐ต๐ธ and eat some honey ๐ป๐ฏ. When Iโm done โ Iโll throw a party ๐๐ท๐พ and eat your ass ๐ ๐.
When the stocks ๐๐ go up ๐๐ธ, my dick goes too ๐โฌ๏ธ๐ณ. Bullish ๐ market ๐ฌ makes me hard ๐ฆด๐ฆ. All the countries ๐ณ๏ธ๐ด๐ดโโ ๏ธ๐๐ฉ๐ณ๏ธโ๐๐ณ๏ธโโง๏ธ๐บ๐ณ try to recover ๐ from corona ๐ฆ so the money ๐ฐ๐ต๐ธ flows ๐ฌ into my pocket ๐ณ. Soon ๐ there will be a crash ๐๐ญ๐ฅบ๐ and the bears ๐ป will crawl ๐ผ out of their holes ๐ณ. Then they cut off my greedy dick โ๏ธ๐๐ฉธ if I donโt โ eat โem out ๐ ๐ธ. I must turn into a bear ๐โก๏ธ๐ป and make ๐ค๐ผ more money ๐ฐ๐ต๐ธ and eat some honey ๐ป๐ฏ. When Iโm done โ Iโll throw a party ๐๐ท๐พ and eat your ass ๐ ๐.
I just smashed my TV because of the SPY
I just smashed my TV in front of 30 guests at my house because of the SPY. My wife just took our crying kids and said theyโre all spending the week at a hotel. This sub has ruined my life and my party. I canโt handle this anymore. Goodbye Powell. I am no longer a fan.
I just smashed my TV in front of 30 guests at my house because of the SPY. My wife just took our crying kids and said theyโre all spending the week at a hotel. This sub has ruined my life and my party. I canโt handle this anymore. Goodbye Powell. I am no longer a fan.
Christmas for a wsb trader
As the tree blinks from white to red to green, you look at the void under the tree that previously held presents. Fewer this year than usual, but some.
How did you get here? Boredom? In March, you felt trapped with your wife and infant. You needed something to pass the time. Something you could throw yourself into fully.
โAre you coming to bed?โ your wife yells down the stairs. It seemed harmless at first, but as the pandemic drew on, so did your investment. Youโll stop soon, though. โSoon!โ you reply, and you hear her feet climb the steps.
The lights start to blink chaotically. You cringe because you could only afford the junk strands at CVS. Suddenly they haltโthe alternation feature brokenโon red. The red fills the room and covers your flesh. You look down at your hands, and they look like theyโre bleeding. Like your calls.
After a timeโhours?โyou realize youโre sitting in complete darkness. Your lights have expired, worthless.
As the tree blinks from white to red to green, you look at the void under the tree that previously held presents. Fewer this year than usual, but some.
How did you get here? Boredom? In March, you felt trapped with your wife and infant. You needed something to pass the time. Something you could throw yourself into fully.
โAre you coming to bed?โ your wife yells down the stairs. It seemed harmless at first, but as the pandemic drew on, so did your investment. Youโll stop soon, though. โSoon!โ you reply, and you hear her feet climb the steps.
The lights start to blink chaotically. You cringe because you could only afford the junk strands at CVS. Suddenly they haltโthe alternation feature brokenโon red. The red fills the room and covers your flesh. You look down at your hands, and they look like theyโre bleeding. Like your calls.
After a timeโhours?โyou realize youโre sitting in complete darkness. Your lights have expired, worthless.
I am going to short the whole country of South Africa
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.