Zelenskyy says Putin is escalating by bringing in North Korean military equipment. North Korean military equipment. The same country that can't keep the lights on is now exporting war machinery to Russia, which apparently ran out of its own tanks somewhere between Crimea and wherever the f*ck they are now.
This comes after deadly Russian attacks on Ukrainian cities overnight. Your portfolio took a hit because some analyst said the Fed might sneeze in October. These people are dodging missiles.
Putin looked at his options and decided North Korean gear was the move. Not Chinese. Not Iranian. North Korean. The military equivalent of buying store-brand batteries for your smoke detector. But sure, retail traders are convinced this changes their thesis on energy stocks because they read a thread on Reddit about grain exports.
North Korea makes military equipment the way your cousin makes furniture in his garage. It technically exists. It might even work once. But you wouldn't trust your life to it unless you had no other choice. Putin has no other choice.
Day traders are now monitoring geopolitical tensions like they monitor Elon's tweets. They think this matters for their calls expiring Friday. It does not. Nothing matters for their calls expiring Friday except the fact that they bought calls expiring Friday.
Zelenskyy issues a warning. Putin escalates with bargain-bin weapons. Retail checks their app to see if defense contractors are up. They are not. They never are when you need them to be. But they were yesterday, which is when you should have bought, except you were busy watching TikTok videos about technical patterns that look like Batman.
North Korea's biggest export used to be threats. Now it's helping Russia lose slower.
Photo by ΓaΔlar Oskay on Unsplash
Leave a Comment