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
23,455 Blog Posts

Hillary Tweets: Market Goes Apeshit to the Downside

A few hours ago, Hillary tweeted this:

image

As much as I’d like to deride her for being a communist, I cannot. The healthcare system is such a farce: it’s painful for me to even think about all of the money I’ve paid for insurance, year in and year out. Truth be told, America has the best innovation in medicine because our companies are flush with cash that is given to them from the morons who occupy hospital beds.

Drugs are absurdly overpriced and something needs to be done in order to reduce healthcare costs.

That being said, Clinton’s comments have resulted in a rout in the biotech sector, to the tune of 5%. For me, the sector is too sensitive to risk to delve into right now. I need lower beta, a few infield hits before I am ready to swing for the fences again.

I am having a difficult time finding stocks to buy. I am flush with cash, actively scouring the market for opportunity. But the pickens are slim, thanks to a very narrow and unpredictable group of stocks trending in a positive manner.

I will likely put some money to work soon, if only to entertain myself from the moribund nature of wating for something exciting to happen.

If you enjoy the content at iBankCoin, please follow us on Twitter

17 comments

  1. levrage

    Buy the dip – she’s going to jail anyway.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. ConManipulation

    Fook that Anti-American, Commie, Ambassador Abandoning, Crimial Coont!!

    I sooooo hope to see her handcuffed & perp walked, and later in an Orange Jumpsuit, picking up garbage along the highway!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. grimace

    stick a fork in it. Biotech is done.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. UncleBuccs

    A modest donation to the Clinton Library will easily persuade… She’ll come around.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. cilantro

    Just got a letter that my wife’s health insurance premiums are increasing 20% on January 1. That is a great pic! I have always imagined her NY penthouse has lots of cats that she devises her political policies with. Including one named “Monica” that she neglects and keeps locked in a cage

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. frog

    Amusing how all the stock market people hate Hilary for no reason, even though she’s in bed with Wall Street. But Trump’s fine with them, even though he’s saying he’ll get rid of their carried interest deduction.

    Right Wingers invent some silly reason why they think Hilary should go to jail over some email thing where no one was harmed in any way– while G W Bush and Cheney run free, after getting lots of people killed over lies about weapons of mass destruction in Iraq.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • cilantro

      I just think she is irritating and old hat…No more Bush’s or Clinton’s

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. longview

    I think you have to worry about a market that is this easy to unsettle.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. matt_bear

    that’s the hot game right now. become sole source supplier of a drug, and yell checkmate as you increase the price 1000%.

    I saw a drug go from $70 a bottle to $79k overnight a few weeks back. I’m not joking about that price.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • frog

      Incredible. That’s highway robbery. No wonder Hilary and Donald are both talking about it. The drug companies are shaking down sick people and robbing them.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • duckkell

        shaking down insurance companies…if there is no generic insurance will pay..

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  9. sloop

    don’t be in a hurry to buy. right now money is lost a lot faster than it is made. when you find a buy, YOU WILL FEEL IT IN YOUR GUT. don’t force a trade.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. henceforth

    Healthcare insurance should be abolished in this country. If you cant pay, you can get a job building a wall at the Mexican border.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. og

    Bill is just waiting in the shadow to win her the nomination.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • frog

      Strange how almost everyone loves Bill Clinton but so many hate Hilary. I guess it’s personality or because she’s a woman. Their favored policies would likely be the same.

      But, oh, what am I thinking? As if Americans would vote for a president based on their policies, LOL. Impossible.

      • 0
      • 0
      • 0 Deem this to be "Fake News"