iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

The Answer to All of Your Problems is War, Gentlemen

This evening we are greeted with ‘peasant war’ on the House of Saud front. Apparently they could no longer sit by and watch ISIS behead everyone in Yemen, so they’ve decided to do some shearing themselves. Word has it there is an intolerable amount of homosexuals in Yemen. As such, the government of Saudi Arabia, in accordance with the laws written down by the prophet Muhammed himself, have taken to the skies to smite them from 30,000 ft above.

This is having a glorious effect on the price of crude. However, be careful not to get lured into this trap. If the House of Saud wanted higher oil prices, they’d simply behave like any normal producer– following a fucking catastrophic decline in their main export– and cut supply. Instead, those crazy beach bums increased supply, in order to break non-OPEC producing nations, like the retards in Canada.

Futures are flat and biotech is set to go lower again, as the congress is debating whether to change patent law, which would decidedly fuck the profits out of any upstart biotech company. Keep an eye out for that.

What names are worth buying on this decline? How about companies that don’t give a shit about oil or patent laws, for starters?

I like AMCX, GTN, GRUB, MD, MUSA and ANF.

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9 comments

  1. asteroids

    As a Canuk, I admit the damned Arabs have outsmarted us and whacked off our dicks. What moron thought he could squeeze oil from frozen sand and make money. Madness.

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  2. og

    Damn. I sold UCO at the open this morning.

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  3. budh

    This is a most amazing nature photo, of a nesting falcon high in a tree…..

    http://i.imgur.com/YW6Fufm.jpg

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  4. it is showtime

    Why We’re Drifting Towards World War 3
    03/20

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  5. matt_bear

    War and cowbell. We are a nation of more.

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  6. moneybagz

    “Buy the cannons, sell the trumpets.”

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