Insurance companies are getting hit hard. Irma is clocking in at 185mph and is now considered a Super Cat 5 Hurricane heading straight for Florida. In related news, a new hurricane is forming just behind Irma, ironically called Jose, and it too is heading for Florida.
This has insurancefags shitting their draws.
UVE
HTRG
HCI
UIHC
^^All down double digits.
Refinery stocks are getting hit too, as the WTI-Brent spread narrows and cracks collapse. This is simply a walking back of the ill gotten gains Harvey provided these stocks last week.
But seriously, the financial sector is in all sorts of trouble here, from the property insurance sector to the surety and title insurance. Have a look.
Related: New data suggests 50% of home prices are in bubble territory.
The way to play this: GET IN THE FAZMOBILE.
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We will probably close green. Lol
These ILK of comments will soon be bygones
about 3 yrs worth of overcliche “omg red close”
Doesn’t your Orbital Space Cannon (OSC) have the ability to FLY into the eye of a storm and render it powerless?
If we would have paid our extortion fees to Al Gore, these Hurricanes would never happen.
FAZ is for burlap wearing irascible men.
See a bear, punch a bear.
bullish for home builders and funeral parlors?
Vix up 30% after an artificial all-week 8% per day drawdown
These are Not normal market movements,
To those who argue things are on-the-up-and-up
Negative divergence on the QQQs is pretty monstrous too, could see blood soon