Tweet gets TecnoKing in trouble again
â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â It's quite an accomplishment when you are directly responsible for helping a country avoid being conquered... and also become Public Enemy Number One.
Elon Musk and Starlink have been a key factor in Ukraine's ability to stymie the initial Russian invasion. Now that Ukraine is on the offensive, Russia is reportedly considering a nuclear option. Musk broached some ideas about a possible agreement, including ceding Crimea to Russia. Ukrainian officials - and, well, pretty much all of social media - went after him.
The point is that even if you've delivered for people in the past, you're only as good as what you can do now. The genius - and curse - of the market economy is that it creates a greater whole out of competing interests.
The free market is simply the most efficient way to process inconceivable amounts of information through the price system. But at the end of the day, in every trade, someone is coming out better. Don't get me wrong, in many trades, probably most trades, there's mutual benefit... but someone is coming out on top.
The laissez-faire economy is something of a myth. It's a model - a useful way to understand how a system fundamentally works. But today, we're dealing with an economy in which we have dramatic state intervention, massive swings in public opinion directed by social media, and "just-in-time" supply chains that are extremely vulnerable to natural disasters, political mistakes, and disease.
Musk's error was thinking that he can indulge in idle musing on social media. It doesn't work like that.
Everything you do has an impact on everything else... and attracting negative media or government attention can be a disaster on your core business.
It's something traders should keep in mind. And it's also something all of us should tell ourselves every morning - we're only as good as our last win. Let's get another one today.
Keep Moving, Any strategy that makes you money consistently is worthwhile. Though many new traders believe that trading is primarily about indicators and tools, Chris maintains that it is at least 95% about emotional control. This is especially relevant in this bearish, choppy market which has made the trading world extremely difficult. Learn some pro tips to come back from your losses and stay in the game. [CLICK HERE TO WATCH]( WORD ON THE STREET Musk Steps In It, UN Takes On Fed, Congress Keeps Trading - Someone Please Take His Twitter Away - Elon Musk, unprompted, floated a peace plan for the Russia-Ukraine conflict that could conceivably force the latter to cede territory to Moscow. Ukrainian officials blasted Musk on Twitter, with one ambassador even telling him to "F*** Off." Musk protested that his Starlink network had been critical in Ukraine's defense, but Kyiv is on the offensive and in no mood to compromise.  - UN Running The Economy Now? â The United Nations rather unexpectedly warned the Fed and other central banks not to raise interest rates any farther. "There's still time to step back from the edge of recession," said the head of the UN's Conference on Trade and Development. However, Rebeca Grynspan said the "current course of action is hurting the most vulnerable, especially in developing countries and risks tipping the world into a global recession."  UN - "Excessive monetary tightening could usher in
a period of stagnation and economic instability." - The Fed Holds Firm â Speaking of the Fed, don't look for any pivots. Federal Reserve Bank of New York President John Williams said monetary policy is "not yet in a restrictive place for growth." (I'm pausing here if you want to laugh.) He said that "we still have a significant ways to go." So much for the UN. - CongressCritters Keep Trading - In a democracy, the people rule. Polling data show about 80% of Americans want those in Congress prevented from trading stocks, given that elected officials have significant advantages in information and ability to manipulate markets. So of course, Congress is doing nothing. House Majority Leader Steny Hoyer (D-MD) recently said Congress can't have a vote before the midterm recess. No time apparently. (I'm pausing here to let you laugh again.) "3-Pillar" strategy spots a 108% surge in just 4 days... RapidFire is on fire â with new trades are on the verge of exploding soon! [Click here to learn more](. HOT SPOTS: What's Going on in Geopolitics - Russians Warned Not To Expect Good News - A significant change in news coverage has taken place in Russia, with even news outlets allied to President Vladimir Putin's regime saying the situation is grim. Even reinforcements won't stop Ukrainian victories in the short-term. "Right now, we shouldn't be expecting good news," said Vladimir Solovyov. "We need to possess 'long will' and strategic patience." - China Warns US Not To Let Ukraine Into NATO â Though China has not been backing Russia fully, it is still hardly friendly to Kyiv's cause. State media said that if Ukraine enters NATO, "all European countries will tremble under the shadow of a possible nuclear war." It accused Washington of "fanning the flames of war" rather than seeking peace. - USA Sends In Advanced Carrier - The USS Gerald R Ford is heading into the Atlantic Ocean, powered by two nuclear reactors and hosting advanced warplanes and about 9,000 NATO troops. "The deployment of the USS Gerald R Ford's carrier strike group is the natural progression of our renewed commitment to the Atlantic," said Vice Admiral Dan Dwyer, Commander of the US 2nd Fleet.  CUTTING EDGE: What[']( Happening In Tech - Kim Kardashian Coughs Up Cash To SEC - The SEC agreed to a $1.26 million settlement with Kim Kardashian for "unlawfully touting" a "crypto asset security offered and sold by EthereumMax." Kardashian never disclosed that she was being paid to promote it. - Tesla Stumbles, Cathie Wood Pounces â Tesla (TSLA) missed expectations on quarterly delieveries, leading to a significant plunge of 8.6%. In response, Cathie Wood's Ark Investment Management's funds reportedly purchased 132,213 shares, her first new purchase since June. You have to admire her optimism. - US Moves To Counter Chinese Semiconductor Manufacturing - The "Chips and Sciences Act" provides $52 billion to companies that will produce semiconductors in the United States. Of course, it comes with a catch - if you take the money, you can't expand advanced semiconductor manufacturing in China itself. After all the talk about "America First" under President Donald Trump, it's under the Biden Administration that globalization is being abandoned. The federal government has determined that advanced semiconductors are a prize too valuable to be shared with the People's Republic.  China's economic growth could be stopped cold unless it can develop domestic alternatives FOR YOUR CONSIDERATION "Overall, the technicals line up with the bearish thesis for the market. Interest rate hikes, the energy crisis in Europe, and other macroeconomic events all seem to point downward in the near term." markets were up yesterday, but that doesn't mean the larger problems have gone away. As Chris Hood writes, "All of my long-term indicators point to more downward pressure." But that doesn't mean you personally need to suffer through a bear market. Here's how to play it. [MARKET LIMBO - HOW LOW CAN YOU GO?]( Enjoying Dawn Report? Learn something, made some money?
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