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OK, I'm in. Seems like a BS rally.
Just locked in S profits. Thank you very much PPT!
LAST CHANCE TO LOAD UP ON CHEAP SQQQ... EUROPE IS ABOUT TO IMPLODE... GLOBAL PANIC WILL SET IN!!!!!
Bought a gob of S @ under $52 a bit earlier. Betting the DAQ will be down some early Monday morning.
I hope they run the DAQ to the clouds by close today. If they do, I'm going to load the truck with S shares!
SQQQ$ Weed Whacker 420
SQQQ$House of Pain Jump Around JUMP JUMP JUMP
SQQQ Pray for America Amazing grace best version I ever heard WEEDTRADER420 IS THAT ONE
SQQQ$ How can markets go up when we’re about to get hit with a nuclear bomb from Russia. Pretty scary This government doesn’t like America
SQQQ AHs $56.20 +1.42 (2.6%) TOMORROW SHOULD BE ANOTHER GOOD DAY!!!!!!
WOOHOOOOOO SQQQ$
WOOHOOOOOO SQQQ WOOHOOOOOO $70 Coming quick
SQQQ ON THE MOVE.... $70'S BY THE END OF THE MONTH?
Copper a true recession indicator.. Copper falling exactly the same as 2008.
Look at the 2000-2022 copper or other similar metals chart.
2008 and 2022 look exactly the same with copper having room to fall much lower still. Remember 2022 the economy is in much worse shape then it was in 2008.
Press “m” for month on this link to expand the copper chart back to 2000
https://finviz.com/futures_charts.ashx?t=HG&p=m1
CRAZY FAILED PPT STICK SAVE. FUTURES WERE DEEP RED LAST NIGHT SO THE PPT JAMMED THE OPENING IN DESPERATION. QQQ WAS UP $3 AND A FEW MINUTES LATER DOWN $2.
WHAT A JOKE!!!!!
SQQQ NICE AND GREEN NOW!!!!!
"Reduce speed. No lane traffic ahead."
SQQQ wears short shorts woo woo 8 )-"
430 shares here. Holding for up to 4 months
ITS RARE FOR SUNDAY NIGHT NASDAQ 100 FUTURES TO BE DOWN OVER 100 POINTS!!!!!!!
NICE!!!!!
All the tech workers being fired from Amazon, Microsoft, Google Facebook, Netflix, etc etc were the majority of the homebuyers in tech cities. Now that these buyers are gone San Francisco and Seattle downtowns can soon start looking like more like raggedy vacant downtowns of New York and Los Angeles. Of course San Francisco downtown is already king of drug needles and homeless sidewalk poop.
California Circus show just like they did with Lyft and Uber drivers to ultimately have there independent contractor status remain. I believe powerful lobbyist industry always wins and truckers will remain independent contractors. Either way truckers screwed as employees or independent contractors
US dollar surging means we will see more countries then Sri Lanka start folding as they can’t pay their US bond debt. Typically a peaceful country 90% Buddhist.
Thousands of protesters in Sri Lanka’s commercial capital of Colombo barged through police barricades and stormed President Gotabaya Rajapaksa's house on Saturday as part of an anti-government demonstration brought on by the country's economic collapse.
Some protesters were carrying Sri Lankan flags and helmets as they broke into the president’s residence, according to video footage from local TV station NewsFirst.
The country, consisting of about 22 million, is suffering from a severe foreign exchange shortage, which has limited essential imports of fuel, food and medicine. This shortage has pushed the island into its worst financial situation in 70 years.
Rajapaksa has been blamed by many for the country's economic decline. Protests have taken place since March in which demonstrators have demanded the president's resignation. Saturday's protest is believed to be one of the biggest anti-government marches this year.
Protesters try to remove a tear gas shell after it was fired by police to disperse them in Colombo, Sri Lanka, Saturday, July 9, 2022. Sri Lankan protesters demanding that President Gotabaya Rajapaksa resign forced their way into his official residence on Saturday, a local television report said, as thousands of people took to the streets in the capital decrying the island nation's worst economic crisis in recent memory.
Protesters try to remove a tear gas shell after it was fired by police to disperse them in Colombo, Sri Lanka, Saturday, July 9, 2022. Sri Lankan protesters demanding that President Gotabaya Rajapaksa resign forced their way into his official residence on Saturday, a local television report said, as thousands of people took to the streets in the capital decrying the island nation's worst economic crisis in recent memory.
According to a witness, thousands of demonstrators forced their way into Colombo’s government district, breaking multiple police barricades before reaching Rajapaksa’s residence.
Police fired shots in the air but failed to halt the protestors from surrounding the president's house, the witness said.
A severe shortage of fuel on the Asian island has stalled transportation services, but demonstrators still rode on buses, trains and trucks from different areas of the country to reach Colombo to protest the government’s economic failures.
The impoverished country in recent weeks has stopped receiving fuel shipments, which has forced school closures and limited petrol and diesel for services deemed essential.
The country has been hit with massive fuel shortages and high inflation levels. Sri Lanka's inflation hit 54.6% in June.
California Throws 70,000 Truckers in Gig-Work Legal Limbo, Risking Supply Chains.
(Bloomberg) -- About 70,000 truck owner-operators who form the bedrock of California’s transport industry are in limbo as state-level labor rules start applying to them, creating another choke point in stressed US supply chains.
Almost a dozen truckers told Bloomberg News they’re unsure how to comply with California’s Assembly Bill 5, which requires workers satisfy a three-part test to be considered independent contractors, or else be seen as employees entitled to job benefits. The trucking industry relies on contractors -- who until now have had flexibility to operate on their own terms -- and has fought to be exempt from state regulations for years.
California truck owner-operators must now comply with AB5 after the Supreme Court on June 30 refused to review a case challenging the legislation that sets out the tests for employment-status classification.
Off the Road
The California Trucking Association, which brought that challenge, estimates the law may push thousands of independent truckers off the road while they take the necessary steps to comply with the new regulations.
More than 70% of truckers serving some of the country’s largest ports -- including Los Angeles, Long Beach and Oakland -- are owner-operators, and AB5 will govern their relationships with carriers, brokers and shippers in most cases, according to the CTA.
“We have never gotten any good answers from anyone official in California on how this is supposed to be enforced or how our members can comply,” said Norita Taylor, the director of public relations at the Owner-Operator Independent Drivers Association.
The law comes into effect for truckers in the busiest months of the year as retailers stock up on back-to-school and holiday goods. At the same time, dockworkers and railroad workers are currently negotiating contracts with their respective employers. Additional transportation snarls would only worsen pandemic-era supply-chain chaos and add to inflationary pressures, threatening to slow economic growth.
“This denial couldn’t have come at a worse time,” said Eric Sauer, senior vice president for government affairs at the CTA. “We’re in peak harvest season. We’re also in peak construction season. And this is the time for peak holiday imports coming into the ports.”
The Port of Long Beach is monitoring the trucking situation as AB5 comes into effect.
“We understand the capacity concerns at this very busy time for the port complex,” Deputy Executive Director Noel Hacegaba said.
Meanwhile, the Biden administration is looking forward to more detail and a plan of action from California, a White House official said.
Given the ambiguity on how AB5 will play out, it may force carriers to immediately downsize their contracted owner-operator fleets, or hire former owner-operators as company drivers effective July 7, said Kevin McMaster, vice president of carrier sales at Encinitas, California-based Flock Freight.
“This would cause a ripple effect in the industry, pushing many drivers who don’t want to apply for their own authority to lease out of state, likely in Arizona or Nevada, and even force some into retirement due to increased market pressures,” he said. “There will likely be pressure added on capacity in California that could exacerbate an already tough environment where drivers are at a premium.”
Capacity Loss
Matt Schrap, chief executive officer of the Long Beach, California-based Harbor Trucking Association, is projecting some level of capacity loss as drivers exit the marketplace because they don’t want to be employees, nor do they want to obtain their own operating authority.
The cost to transition from an owner-operator model may reach $20,000 annually as truckers file for the appropriate licenses and pay additional fees and insurance, Schrap said.
The best advice for truckers now is to “find a lawyer,” he said.
Exemptions, Injunctions
California passed the AB5 law in 2019, aiming at gig-economy giants including Uber, Lyft and DoorDash.
But these companies won exemption, along with other professionals, including musicians, freelance writers and architects.
The trucking industry scored a temporary injunction that remained in place until last week’s Supreme Court decision.
The timing of the decision is “nothing new,” said former Assemblywoman Lorena Gonzalez, the Democrat who proposed the bill.
“They’ve known for the last two and a half years that it was equally possible that this injunction would not hold. This is not a shock.”
‘Constant Bogeyman’
Still, some see in the law an opportunity to address longstanding pitfalls within the industry.
The International Brotherhood of Teamsters, which represents about 1.2 million US and Canada workers mainly in trucking, says the law will avoid misclassification and will guarantee independent contractors are paid fair wages, benefits and employee-related fees.
“Over the last decade, the California Labor Commissioner found misclassification is rampant at our ports,” Randy Cammack, president of Teamsters Joint Council 42, said in a statement. “The race to the bottom in trucking is going to end.”
Since 2012, the California Labor Commissioner’s Office issued about 500 decisions finding that port trucking companies had misclassified drivers, ordering them to pay over $50 million to these workers.
“We’ll blame AB5 for everything that really is a result of decades of deregulation in the trucking industry,” Gonzalez said. “This is a constant bogeyman.”
‘Blow East’
Truckers in other states are looking closely at California as an example of what might come next for them, according to the CTA’s Sauer. “A lot of the laws and regulations that get adopted in California blow east,” he said.
Home to the second-largest port complex in the US, New York and New Jersey failed to pass similar bills during the pandemic, but both states have since taken steps to regulate independent contractors. Other states including Washington and Massachusetts have also proposed labor-regulation bills.
It’s “sad to see people don’t understand the severity of the situation,” said Edisson Villacis, president of the Elizabeth, New Jersey-based Port Driver Association. If anything, all the confusion in California is a cautionary tale. “It’s a chain reaction and nobody is paying any attention.”
ANOTHER 75 BASIS POINT RATE HIKE IS COMING THIS MONTH.... LOAD UP ON SQQQ AND WAIT.... EASY TRADE!!!!!!!
MASSIVE PPT INTERVENTION WON'T LAST!!!!!!
ADDED MORE AT $49.77... SQQQ IS A GIFT DOWN HERE!!!!!!
Closed tomorrow buck
I'll be looking to buy T again tomorrow for another quick flip-a-rooshki before the day ends.
Somethings in the air ...
DEAD CAT BOUNCE BEFORE THE NEXT LEG DOWN.....
WALL STREET'S MO IS TO SQUEEZE OUT WEAK SHORTS, SUCK IN NEW BAGHOLDERS AND THEN PULL THE RUG!
A SINGLE NEWS HEADLINE CAN QUICKLY TANK THE MARKET RIGHT BACK TO RECENT LOWS.... AND BEYOND!
Zeroing in on T. We may be in a slow turnaround.
HAS ANYONE ELSE LOADED UP ON SQQQ IN THE LOW $50'S???
ONE DECENT GAP DOWN = INSTANT PROFITS
... OTHERWISE AVERAGING DOWN A LITTLE EACH DAY WORKS UNTIL THE NEXT INEVITABLE SMACK DOWN!!!!!
I AVERAGED @ $50.40 .... NOW MY CURRENT POSITION PRICE IS $52.85.
AS SOON AS Q2 EARNINGS START TO HIT I EXPECT A SHARP SELL OFF!!!!
ALSO, ANOTHER RATE HIKE IN A FEW WEEKS.
8 )-“ SQQQ $100 COMING The Little drummer boy
they have to if not the dxy goes to 160 over night
You sure long today SQQQ? The FED monster QE is back they buying up billions in debt to bring the 10 year yield down to 2.77 now from 3.50 a few weeks ago.
This is the most incredible amount of debt buying I have ever seen the criminal money printing cartel do.
it’s alright criminal action but they are doing it right in front of our faces.
It’s clear lunacy
BOUGHT BACK IN @$55.30 .... WE WILL SEE WHERE IT GOES FROM HERE!
$5 CHEAPER THAN THE MORNING POP... TRADE THE VOLATILITY!!!!!!
how can i find "this" article you speak of
Looking good SQQQ this morning. Out of long trades Friday
The Fed lost its printing privileges yesterday. The Fed had a 10 year grace period from 7/4/2012 and it ended last night.
Do not sell S Q Q Q $ markets are gonna be crushed $1000 target price QQQ are going to $10 Year of the Cat
Get out of TQQQ WOOHOOOOOO SQQQQQQQQ Billy Preston My Sweet Lord
Interesting take.
Much appreciated!
I’m in TQQQ now because I believe the criminal cartel will not allow QQQ to break down the 200 ema. Low trading volume makes it easy for New York Fed desk traders to manipulate moves.
They still have Ponzi printing powers until one day they don’t ——just not yet —-in my opinion. The criminal cartel doing a job on the VIX also.
THE FED IT TRAPPED... IF THEY EASE OFF NOW INFLATION WILL GO THROUGH THE ROOF!!!!!!!
HORRIBLE Q2 EARNINGS ON DECK!!!!!
PREPARE FOR THE SLAUGHTER!!!!
ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index®.
Invesco QQQ holdings as of May 7, 2024.
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