iBankCoin

The Dow is Now Down for the Year (rolls eyes)

Fuck you and your shitty headlines. The Dow is down for the year, really? We have sectors down 50% for the year. Stocks in tech, commodities and retail down 30% across the board.

Gargatuan hedge funds getting blown the fuck up, as if they were holding bags filled with micro-cap shit. Let’s not be so glib about the difficulties this market has posed during 2015.

Last night, our President menaced us by threatening to take away our guns. I do not pretend that the 2nd amendment is still intact, living in a state that will toss you into a gulag for 5 years, mandatory, for having an unlicensed firearm. Gun rights are, at this stage, a state’s issue. The constitution is the toilet paper for the people you elect in Congress.

Nevertheless, the President said Congress should prohibit persons on the “no Fly list” from being able to purchase a gun. How does this pertain to the San Bernardino attacks? It doesn’t. But it’s populism, catering to the weak minded, mentally disabled liberal.

Seventy two employees at Homeland Security are on the “no fly list”, alongide scores of congressmen, including the late Ted Kennedy. It’s completely arbitrary, without due process; and by tethering gun rights to this shadow government blacklist, you permit the gov’t to ban whoever they want from buying a gun.

Moving on. Stocks are lower. Oil is plunging down into the dirt, further pressuring the entire commodity sector. Stocks like FCX, CHK and KMI look like they want zero.

Biotechs are getting lit again, with huge losses found in BLUE, AGIO and many others.

Fucking U.S. motherfucking Steel has a 7 handle.

Oh, yeah, the Dow is also down for the year (takes shot, scowls at tv).

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

11 comments

  1. infinitezuul

    It would be fun if the Fed announced the rate hike today in a surprise headline rather than on the 15th.

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

    How about putting 300 million Americans on the “no fly” list?”
    Obama’s problem is solved (although the airlines may have a small problem).

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

      No fly list made sense on 9/12
      Since then more airline pilots have crashed planes than passengers

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

    $SWHC ’cause we got guns, we got guns, we got guns…

    https://www.youtube.com/watch?v=34jC1fmeFD0

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

    Dow is down, but many who play long are up for the year
    Scenario…gotta buy something on a day like today

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • it is showtime

      Scenario lacks something. maybe balanced critical thinking
      really? hedge funds are saying general risk reward upside
      is worth it?

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

    What guns that one needs for personal protection or hunting is he taking away? Move out of NJ (don’t know why anyone would move into NJ) if you don’t like its gun laws. That simple.

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

      Sure, just move out of the state if you don’t like its laws. I’m sure lefties say the same thing about those Constitutional rights they feel are impinged upon by state legislation. Just pick up and move! Oh, what’s that … they instead go into a seething rage? Shocker.

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

        Supreme Court effectively just ruled that there is no Second Amendment right to own a an assault weapon. Guess you’ll just have to cower in your home until the mean people disappear.

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

    I’m full retard happy you’re speaking up about the 2nd amendment.

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

    Substantial areas of the economy are upside down resulting in share prices getting vaporized. I kind of saw it coming but failed to take advantage of it through puts. Tried early in the year but there was a dead cat bounce. Gave up before the current leg down started. What nobody talks about with puts is that they are expensive and if you are wrong a couple of times before you are right you might only break even.

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