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
23,456 Blog Posts

Markets Defy Gravity, Ignore Wholesale Rout in Crude

A day of reckoning is coming. You’re all assholes at a party in the Hamptons, trashing a beautiful mansion.

But do you know how the story ends?

YOU GET FUCKING FIRED.

Laugh now. They all laughed at Noah too, until they were getting kicked in the head by giraffes who weren’t fast enough to board the ark.

This is what I know.

A fucking pestilence is sweeping the western hemisphere. Crude oil is knifing lower–currently at 2 month lows. Come 2017, the entirety of the oil complex will be in shambles due to the debt wall to come. We’re in an earnings recession. The Fed is tone deaf. The world is encumbered by negative yielding interest rates. And, lastly, Hillary Clinton is fixing to be your next President.

Need I say more?

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13 comments

  1. heckler

    Are you in any of the mansion party pics, Fly?

    Nice little tramp stamp ramp into the close.

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  2. scottbot

    one douche-faced cockroach down, another 999,999 to go

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  3. it is showtime
    it is showtime

    Societal devaluation

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  4. bizerkus

    The market can still run to 2300 SPX, sucking in mom and pops meager cash, sufficiently chopping off the cocks of the short sellers and providing succor to the Bulls—all before trapping them in a hail of bullets, as the ark floats away.

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  5. roundwego

    Gartman killed it on the oil short. Now is the time Gartman turns from fool to stone cold killer. 🙂

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    • scottbot

      until it goes back up to $50 tomorrow, where he said it would never be above in his lifetime. Oh wait, that was $44. Pardon me if I completely ignore his advice except for the part where I laugh my ass off.

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  6. roundwego

    For most hedge fund juniors. The goal is the party in the Hamptons with hookers and blow. So this guy got what he wanted. He is just lucky his greed did not land him in jail. Keep the partying in the strip clubs where it can be contained to the outside world. Amateurs

    https://www.youtube.com/watch?v=dQbpx5Be5rI

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  7. john_galt

    and Frog is still in denial mode

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    • frog

      If you think I’m in denial, feel free to short crude and hold, waiting for it to drop to the low of the year. Be my guest.

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