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
23,431 Blog Posts

MARKETS IN SPIRAL MODE, AS THREAT OF WORLD ENDING NUCLEAR WAR LOOMS

Ever since I was a young boy, I wanted to write a nice headline like that. Sad part is, it’s not entirely a fake news headline. Say what you want about Hillary “fucking” Clinton, Trump is doing exactly what we feared she’d do — head us down a ruinous path of war, bloodshed and fuckery.

Rich people.

The Dow Jones is down over 200 now, with the fag-heavy NASDAQ -71. All in all, this is a rather pedestrian decline. You should be concerned if the losses doubled from here.

On the risk off side, the 10yr is off nearly 8bps to 2.08%, sending my TLT higher again.

My quantitive positions are somewhat hedged by the 20% cash and GLD/TLT positions and my discretionary positions are getting ready for some big dicked gains (no homo).

The way I figure, nuclear war with China and “Best Korea” will cause oil prices to careen higher. Plus, it might dehydrate people, upping demand for refreshing beverages. As such, I am profusely long both FIZZ and OAS, with an FAZ hedge — because FUCK THE BANKS.

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10 comments

  1. acehood

    These discretionary trades are like heroin.

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  2. Cricket

    Cheer up beautiful people, after a global nuclear holocaust money won’t matter anyway. So sleep soundly, as tomorrow is just another day. That is if you’ve not been vaporized, melted or turned to ashes.

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  3. sarcrilege

    Delivering and detonating nukes in high altitude (for best results) is the equivalent of moon landing. Makes good headlines and teevee though…

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  4. ironturd

    Hillary would’ve definitely risked a nuclear war with North Korea over twitter, especially while dealing with two massive natural disasters.

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  5. heaterman

    Ahhhh. Fazmobile resurrection!

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  6. heaterman

    …waiting to hear news of the Yellowstone caldera coming to life here. That would be icing on the cake.
    Dow 8,000 here we go! Yeehaaaa!

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