Jon Stewart Explains Why America Can't Have Nice Things

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by Portfolio Armor
Wednesday, Feb 21, 2024 - 10:12
Jon Stewart
Jon Stewart explains why America's large cities are squalid, unlike Moscow.

Why America Can't Have Nice Things

In a post last week, I wrote that amid all the rage at Tucker Carlson's reporting from Moscow, none of his critics had bothered to explain why America can't have nice things, like Moscow's clean and safe subways.  

It looks like I spoke too soon. One Tucker critic (a longtime one at that), Jon Stewart, has bothered to explain why America can't have nice things. You can hear him say it himself in the clip from his Daily Show in the X post below, but in a nutshell, Jon Stewart argues that our squalor is the price of freedom. 

As you can imagine, this generated some heated responses. Some pointed out that Moscow isn't the only city with clean and safe subways--democratic Tokyo has them too. 

Others suggested that Stewart's concept of "freedom" really only applies to America's criminal class. 

Still others pointed out that Jon Stewart's sanctimonious act has gotten stale. 

And perhaps most devastatingly, Helen Andrews noted that Jon Stewart (and other American pundits attacking Tucker Carlson for showing Moscow's nice amenities) were deceiving themselves like Russian communists did during the Cold War, to avoid admitting their lower living standards. 

In Case You Missed It

In our trade alert yesterday, we posted four bullish trades and one bearish trade on companies reporting earnings after the close today or before the open tomorrow. You may be able to get better entries on some of them today, given the recent market action. 

A woman analyzing her stocks ahead of earnings.

We also have three trades teed up for later today on companies reporting earnings after the close tomorrow or before the open on Friday. If you're subscribed to our trading Substack/occasional email list, check your inbox this afternoon; if not, feel free to subscribe below. 

Wednesday Evening Update

One of our four bullish trades in yesterday's trade alert was on Nvidia: 

Bullish Trade #4

The stock is Nvidia (NVDA 0.37%↑), and our trade is a vertical spread expiring on February 23rd, buying the $715 strike calls and selling the $720 strike calls for a net debit of $2.10. The max gain on 2 contracts is $580, the max loss is $420, and the break even is with NVDA at $717.10. This trade filled at $2.10. Note: the stock has dropped since I placed his trade—currently, it’s at around $685. If I were placing a trade on it now, I’d try buying the $685 calls and selling the $690 calls.

It's currently trading at $734.50 (the max gain on the trades above is with NVDA above $720 and $690, respectively. 

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