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
23,446 Blog Posts

Stocks Close at Record Highs; Oil Crashes on OPEC ‘Uncertainty’

I took the day off. I’m guilty as sin. It was a wonderful trading session, betwitx with all sorts of fuckery — like stocks hitting new highs and oil crashing by 4% — all at the same time. I love when that happens.

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Crude is down on renewed fears over prospective OPEC cuts. The people who run OPEC are professional liars and can never be trusted, so guessing whether or not they’ll cut production is anyone’s guess.

At the end of the abbreviated session, a lovely volume spike from one of our algorithmic based trading bots, smashed into the SPY to make it great again.

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The bet here is a simple one: Black Friday sales are going to be fucking awesome — as the animals rampage throughout America’s shopping malls like savages — killing one another for toasters and pairs of rubber sneakers.

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3 comments

  1. Marc David

    I’m eagerly awaiting the Black Friday videos of people getting trampled for an Xbox!

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  2. heckler

    mee too

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  3. soupbone

    OK I’m awaiting moderation again? Offshore comments?

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