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
23,430 Blog Posts

Stocks Explode Higher After Trump Promises ‘Big League’ Tax Cuts

Trump supporters have waited, impatiently, for some of his platform promises to get enacted by GOP shilled congress. Apparently, we’re gonna get the long awaited tax cuts soon.

“Lowering the overall tax burden on American business is big league … that’s coming along very well. We’re way ahead of schedule, I believe. And we’re going to announce something I would say over the next two or three weeks that will be phenomenal in terms of tax,” Trump said.

On that news, markets went ape to the upside — hitting new record highs.

Related: My $CLF is ripping mustaches off today. As promised, I purchased an oil stock — details are in Exodus.

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14 comments

  1. nemesis

    No Oil love for us pikers?

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  2. sarcrilege

    When do you think you will sell this?
    > I purchased an oil stock

    day, few days, week,….?
    ..just curious

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    • john_galt

      When the stock bottoms like he did for GDX

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      • sarcrilege

        I am thinking one of those momentum trades; otherwise I cannot get my head around the overall outlook for the oil sector; not even for the medium term, let alone long-term.

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  3. ericbakerbruce

    Suck on that traderconfessions, the obama bitch

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    • traderconfessions
      traderconfessions

      Your one-sided bromance is getting very creepy. Calling my name from the wilderness now? Yikes. Sounds like the sucking would be from your end.

      Cheers.

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  4. heckler

    Do you like PBR, Fly?

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  5. Dr. Fly

    Idiot Galt is losing bigly, which is why he thinks his comments mean anything to me. You have a false sense of security.

    The oil play is most likely part of a core thesis. Look at the seasonality charts. Oil is good through March, then fade.

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