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
23,419 Blog Posts

Markets Fall as Chaos Reigns in DC

I’m not going to be hoodwinked into believing Trump will cause a disruption in the matrix again and stocks will fall as a result. That has been the core bear thesis for a year now, hasn’t it? The theory is, Trump is such a wildcard that even the thought of him in the White House would cause nervous nellies to sell and run for cover. Thus far, that has not occurred.

Multiple news agencies are reporting that the President is exploring ways to fire and shit-can Robert Mueller. Good. I hope he does that, and more. I hope he fires everyone. Nonetheless, they’re just reports, more fake news for the masses, and not actual happenings.

I noted yesterday, markets were getting tired. Today, they are resting.

European indices are getting smashed — down by 1.3% — making our modest -0.3% pullback look minor.

WTI is off by 1.4%, further solidifying my theory that chasing crude stocks is for rusticate cavemen, and not for gentlemen of Wall Street.

I’ll be doing my weekly reshuffling again today — a full portfolio makeover.

Stay tuned.

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14 comments

  1. Cricket

    Trump has no recourse but to annihilate Mueller. And he will do it too. Stay tuned.

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    • sarcrilege

      It won’t be as easy as you think since that would get us closer to the truth, the truth that would bring the whole rotten, fragile status quo down in a heap of broken promises and lies:
      https://tinyurl.com/ybuwq52l

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  2. ferd

    Regarding this “liberal” chimp out … While libtards are most certainly freaking out, they are, at least in part, MSM-programmable Likud/neocon tools. The timing of the Trump witch hunt noose-tightening is interesting.

    Trump cut a deal with Putin to stop the slaughter in Syria with a cease fire and he stopped the CIA program to overthrow Assad. This goes against the Likud/neocon/MSM agenda. You can be a pussy grabber, but don’t eff with the neocon program.

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    • sarcrilege

      …only temporarily stopped, shall we say paused. Mossad/CIA will restart the fighting in Syria for the benefit of that zionist shithole Israel with some kinda false flag momentarily….

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      • ferd

        That is a concern …especially since it has worked a couple of times in Syria already. Hopefully Trump has learned.

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  3. WrongView

    I said it with Podesta, Clinton and the DNC, too. Even if the circumstances of sh*t coming to light are suspect, if it’s yours, deal with it.

    Everyone thinks their swamp is a protected wetlands.

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    • sarcrilege

      Pedophilia and similar occult deviancy (i.e. child sacrifice rituals) are the glue that holds it all together at the top…and that is the main track of protected wetland. Even PCR is now wondering if Western governments are now more Satanic than Christian:
      https://tinyurl.com/y75bbe87

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      • traderconfessions
        traderconfessions

        Maybe Satanic is better way to go… Christian hasn’t worked that well.. Your demented brain and paranoia is SOOOO entertaining.

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  4. WrongView

    In other news: Sean Spicer is free! I wish the best for that poor ba$tard after a long period of detox and recuperation. Looking forward to his book.

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  5. moonshot

    89D chess. Trump had Sessions appoint a deep state shill and personal friend of Comey with obvious conflicts of interest intentionally. In true Trump form, he positions to win regardless of outcome. Mueller finds nothing or finds Democratic crimes, he wins. Mueller goes apeshit and overboard investigating Trump, he’s able to call out the obvious conflicts of interest and biased investigation (hiring Clinton lawyers, etc.) and demand he recuse himself or be fired.

    Ace in the hole, ALL THESE PEOPLE REPORT TO TRUMP and he can fire and replace them all with people more loyal to him. Further up his sleeve, Republicans would be committing political suicide impeaching their own President while they are in control of Congress, short of a true smoking gun. Up the other sleeve, official DOJ policy long before Trump arrived makes it virtually impossible to charge a sitting president with any crime outside of the impeachment process.

    Demtards are fucked six ways from Sunday.

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  6. moonshot

    Meanwhile the DNC-Media complex has bet the farm on Russia and without said smoking gun, they have made zero progress winning over anyone in areas that voted red in 2016, and are looking like wacko conspiracy theorists to more and more independents and moderates.

    If I were a Democrat I’d be looking seriously at whether forming a new centrist party would give better odds than trying to save the Dying Dems.

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