It is only day 5 of what I have dubbed officially as Theater Of The Absurd Year. It just went nuclear as Kim Jong-Un and North Korea have successfully conducted a hydrogen bomb test. Thats right, the crazy man who fed his uncle to dogs has decided it would be a good idea to test some Nuclear bombs in the new year just to make his neighbors feel warm and cozy. I wonder what Obama is going to do? Oh that’s right he is too busy crying over all the folks killed by gun violence. So instead of dealing with this or ISIS he will take your guns.
Additionally, China has devalued a second time in 2 days which has caused our futures to careen lower tonight. Seriously folks what the F-ck is going on? It is as if the mad scientists at CERN Switzerland have mistakenly unlocked a gate to Hell with the Hadron Collider and have unleashed some Demons into the world. As I suggested in my Grinch piece from a few days ago I got max short before Xmas and I will be unwinding some options and vol trades into the carnage this week. I will stay short stocks and SPY as I believe this party is just getting started. Strap on your hard hats and watch out for falling debris.If you enjoy the content at iBankCoin, please follow us on Twitter