4 ms·

Why do you have to short anything? The idea was to get more defensive months ago. Long term treasuries are up almost 50% y-o-y. If you think it's easy to sho

• papito 7y ago
  I started getting defensive right after the election of 2016. Modern history does not have an example of you know which party going on a tax cutting, over-spending, self-dealing, deregulation binge that did not end in a catastrophe. Add to that complete lack of competency when it comes to dealing with a not self-made crisis (a matter of time), and only a chump would think the good times would keep on rolling. The market so far has absorbed the dumb trade war by pure optimism, and we only narrowly avoided a war with Iran. It all has been blind luck so far, and it just ran out.