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Neoliberal Shill For Mass Immigration Gets Wrecked

Portfolio Armor's Photo
by Portfolio Armor
Wednesday, Sep 25, 2024 - 12:31
Aerial view of Charleroi, PA, via America 2100.
Aerial view of Charleroi, PA, via America 2100. 

"Challenge Accepted" 

Neoliberal economist and pundit Noah Smith challenged opponents of dumping thousands of Haitian migrants on small towns throughout America to explain how they would save those towns. America 2100 accepted that challenge in the phenomenal X thread below. 

Following that, we'll share some insight into why a smart man like Noah Smith would advocate a destructive immigration policy, and then we'll close with a brief trading note about a "Holy Grail" set-up. 

Why Someone Smart Might Support An Obviously Stupid Policy 

As a PhD economist and widely-read columnist for Bloomberg Opinion, Noah Smith is obviously smart. So why would he support a policy that hurts working Americans, such as importing desperate migrants from Haiti to compete with them for jobs? 

Smith has written about how he was bullied by "rednecks" when he grew up in Texas. Occam's razor suggests the victims of Haitian migration in towns like Springfield, Ohio and Charleroi, PA remind him of the boys who bullied him in high school and he wants them to suffer. 

The panel on left in the post below is a quote from the great sociologist and novelist Tom Wolfe on what kind of boys grow up to become journalists (which includes opinion columnists, such as Smith). 

A "Holy Grail" Set-Up 

ChatGPT still misspells some words in images. 

A Holy Grail technical set-up occurs when these elements come together: 

  • A strong trend, as indicated by an Average Directional Index (ADX) of 25-30 or more. 
  • A pull back to the stock's 20-day Exponential Moving Average (EMA). 
  • A reversal pattern, such as an inside candle, bouncing off of the 20-day EMA. 

Yesterday, we got a Holy Grail set-up on a stock that happened to also be Portfolio Armor's current #1 name. 

If the set-up holds, we're going to place an options trade on this stock today, to take advantage of this opportunity.

If you'd like a heads up when we do, feel free to subscribe to our trading Substack/occasional email list below. 

Update: Holy Grail Trades Placed

Our "Holy Grail" trade alert just went out, so check your inbox or click on the image below to find it. 

 

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