agdaddy04 said:

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thanks for the reassurance. I read your post the other day about the weak leadership as maybe you were wavering on them long-term.

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Nope. No wavering. None in the slightest. Regarding T senior leaders, some people mysteriously rise to top senior leadership. They should be good for 3 to 10 strategic decisions a year and yet they still blow it. Solid companies survive this type of leadership ignorance because most shots(decisions) aren't fatal and other layers of management guide the ship to calm waters. However, one example of many, Ralston Purina - Bill Stiritz/CEO was incentivize to destroy that company - fact. He figured out the loophole to destruction and getting rich by doing it before the BOD did. That mother trucker would have been tarred and feathered in earlier times. It's sad to witness something like this because you think, "What could this (insert company name) do if we had real leadership". A weak company with a bad senior leadership team cannot survive. I know 10X of these examples. I do think, AT&T/Stankey, unloading the entertainment businesses from AT&T is prudent. I give him credit for that move; however, he's fumbling those divestures too. He's selling technology held by DirecTV that he, or AT&T, will end up buying back in the future, guaranteed. DirecTV owns wave frequencies that are key to 7G, 8G and 9G (crown jewels) and it will be sold off. AT&T, leadership just don't know what they have/own and it's sad.

get in *****, we're going to the moon.

$30,000 Millionaire said:

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taking some profits here. Man, what a great day.

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some guy from Merrill Lynch pinged me on LinkedIn today.

Should I tell him I shorted VIX and was long SPX calls from 4290?

Yes, I have one runner left sold others at 4x. Insert line about degenerate gamblers here.

The rate hike panic is officially over: Atlanta Fed just came out with a 0.1% Q1 GDP estimate. Watch as Fed speakers hit 180 next week on hiking intentions. pic.twitter.com/X5vkBCJ3K1

— zerohedge (@zerohedge) January 28, 2022

pretty weak effort by the bears so far.

Here's my rest of day plan:

• Long above /ES 4380
• short below /ES 4340

Current zone likely to be chop.

The rate hike isn't going to be what gets us out of this inflation cycle. It is the federal government printing and spending money like drunken sailors