The Worst Defeat For France Since Dien Bien Phu
The main event of the UFC's fight card in Paris on Saturday was a match between the betting favorite, Frenchman Benoît Saint Denis, and Brazilian Renato Moicano. Moicano beat Saint Denis so badly that the octagon-side physician stopped the fight after the second round.
That was the worst defeat for France 🇫🇷 since Dien Bien Phu.
— David Pinsen (@dpinsen) September 28, 2024
Renato Moicano 🇧🇷 beats Benoit St. Denis blind and then tells the French crowd to read Hans-Hermann Hoppe. #UFCParis pic.twitter.com/8NTAUWk1jZ
An Epic Rant Against Globalists
In his post-fight interview, Moicano uncorked an epic rant against globalists, beginning with an attack on Macron and a book suggestion for the audience:
First of all French, I come here and I wanted to talk a lot of sh*t about France but I went to the Louvre, I went to the Arc de Conquiste [Sic], I went to all beautiful places in Paris and I just have one thing to say: people from France don't suck but government in France is horrendous. French Revolution 1789 try to erase God from the map but guess what Jesus Christ is alive more today than ever [...]
Globalists--they're trying to push a a political corrupt agenda. If you want to learn about politics and economy I advise you read Democracy: The God That Failed by Hans-Hermann Hoppe and I hope you understand that democracy is a fallacy. Democracy is not the real government so please read Hoppe and understand why the world is going crazy like that today.
The book Moicano mentioned, which argues that democracy leads to increasing state control and the erosion of individual liberty, was the #1 best seller in political philosophy on Sunday.
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You can watch Moicano's full rant here, which includes a couple of choice words for French President Macron.
Let's close with a quick note on a trade we have teed-up for today.
Overbought And Overvalued
On Friday, we exited a bullish bet on a Chinese stock for a 200% gain. Today, we're looking to place a short trade.
Using Chartmill on Friday I screened for names that met these criteria:
Has options
Valuation rating <=2 (on a scale of 0-to-10)
Piotroski F-Score <=2 (on a scale of 0-to-9)
Relative Strength Index >80 (on a scale of 0-to-100; figures over 70 are generally considered overbought).
That screen returned only one stock. If it doesn't drop significantly today, I plan to place a bearish bet on it using options.
If you'd like a heads up when my subscribers and I place that trade, you can subscribe to our trading Substack/occasional email list below.
If you'd like to stay in touch
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And you can hedge your long positions using our optimal hedging app.
