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
23,474 Blog Posts

GLENCORE RECOVERS ALMOST ALL OF ITS PANIC DRIVEN LOSSES

Earlier this week the metal giant plunged by 29% in one day, following some fucktard research note, penned by an idiot, causing people to surmise Glencore was the Lehman event of our time.

Listen to me: Lehman was Lehman. I knew Lehman. Glencore is no Lehman (extra Dan Quayle attack).

Look at the damned 5 day chart, ok?

Glencore

In other news, and way more interesting, Russia is bombing targets inside Syria and demanding the U.S. stand the fuck down.

One more odd piece of news: Unisplendour is making a $3.77 billion invesmtment in WDC at–get this–$92.50. WDC closed at $69 yesterday. Pray tell me why the fuck are they paying up like that, in a liquid, large cap stock, like WDC?

In summary, Glencore isn’t the next Lehman and they really were under hedge fund attack. Russia issued a démarche to the US and is bombing ISIS. And, lastly, some private equity firm just got played by the swindlers at WDC.

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9 comments

  1. freebie

    SPY is only down 3% this year? Can you really beat just owning SPY and holding long term at 15% cap gains tax? Why do I even try.

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  2. UncleBuccs

    The Lloyd Bentsen cut… such a classic. https://youtu.be/NRCWbFFRpnY

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  3. zuulmule

    Meltup began yesterday. By next week we will be kicking out canes from under old men and throwing diamonds into biotech cubicles.

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  4. gappingandyapping

    I see nothing wrong with Russia bombing ISIS. They use up their bombs and they do the work for us.

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  5. vandamme

    Putin can have the entire middled east.

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  6. sloop

    Putin laughs at Obama because he knows he’s a Faggott get ready for WWIII

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  7. sloop

    I just bought 50,000 shares of TC at .43 starter position. first buy in almost three months.

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    • 0 Deem this to be "Fake News"