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
16,836 Blog Posts

WTI Blows Out, War Looms, Stocks Are An Elaborate Trap

WTI mudstomped bear shitters to a pulp today, higher by 3.1%. This move was due to the likelihood of armed conflict with N. Korea, not because of economic growth. The specter of something dreadful happening in the world increases each and every day, the ultimate end game in having to deal with a balance sheet that reeks with anguish, $20 trillion reasons to collapse society.

Today’s N. Korea press conference had an air of professionalism to it, which made traders think those fuckers might really be serious.

The sell off was muted, down just 56 NASDAQS. While the carnage was significantly more severe in the tech sector, with some names down 10%, today was, more or less, a probing exhibition. In my estimation, today was a warning to those playing with fire, long stocks at record highs, placed at all time high valuations.

So the only logical thing to do was to sell it all, go long UVXY and YANG, then wish for the worst.

I did this with the comfort of having an entirely different portfolio that was higher today. Even still, if forced to bet, I’d say, definitively, we’re heading into thick weeds navigate by apex predators. You weak-links will be foisted onto the cold ice and ripped apart, from crown to foot, for having only ignorance as apprentice to your actions.

I, “The Fly”, transcend your world and have been several steps ahead of the masses for two decades long. While the losses I took today were most unfortunate, they were both necessary and vital in preserving my innate instincts for survival. I shall not be rocked to sleep by the homosexual operas playing in the foreground of this delicate market. Behind it all are people wholly interested in opportunity by way of destruction.

If you enjoy the content at iBankCoin, please follow us on Twitter

17 comments

  1. it is showtime

    Showtime said: “This feels different this time”
    regarding nkorea
    10months ago

    Didn’t peter out like usual. Did it….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. john_galt

    I wouldn’t want to short anything stocks wise into the end of the Q3 window dressing operation

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. ironturd

    This strategy of chasing trades and then writing some fancy mcfancypants prose is just awe-inspiring.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Dr. Fly

      That’s how big money is made. You will watch, learn, and then APOLOGIZE.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • ironturd

        You just top ticked god knows how many stocks in a row, told people to not buy energy into their biggest rally of the year, and still call yourself vegan after eating fish carcasses, I’m the one who has to apologize?

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  4. soupbone

    Might be OK switch into natural resources using the dollar advantage while it is there. That would not be a calamity play, just the run of river like in the past.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. joyous__ending

    When folks run from what made big money Semis, AMZN, GOOG, AAPL, FB, NFLX into another sector energy saying this will now make us big money….recipe for a pullback.
    It’s like the pigs running from house to house from the wolf till they find the brick home.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. roundwego

    Fuck concussion brain dead NFL.

    I used to hate walmart but now they are only weapon to combat libtard amazon and wapo.

    So has the bell toll on gay apple. Metrosexual apple did well. Gay apple will fuck itself.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • ironbird

      Dude. Walmart is Satan wrapped in a flag. Amazon is a tranny fucking your kids. Carry on.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. cancel19

    The Kimchee eating fat boy in NK has an internal problem and he’s trying to divert attention.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  8. ironbird

    Alabama. Unreal when one uses the brain. Alabama.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. bob smith

    If Trump squeezes NK’s floppy top too hard with enforceable sanctions, he’s going to do something extreme. Said another way, floppy top is not going to die of starvation. He would rather go out in a blaze of glory.

    If you corner a rat and it runs out of options, it’s going to bite you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • bob smith

      Floppy Top saw what happened to Gaddafi and Hussein when they dared to defy arrogant USA presidents. Unlike those two dead knuckleheads, Floppy Top is the verified owner of yellowcake and he will gladly use it before he gets decapitated by street thugs ala Gaddafi.

      Thanks to inbreeding, Floppy Top is no rocket scientist (extra rocket man) and has the IQ of a toad. But even a toad knows that when there is a noose around your neck, you have to deploy the yellow… full stream.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  10. fxtradepro

    We all know what’s coming, but I coulnt for the life of me pull the trigger on a TLT or ZROZ position for some good old flight to safety. Treasuries bounced right where they should’ve as well. I’ll opt for cash and patience.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. moosh

    Rocktober or die. It’s coming for you pissants.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. sarcrilege

    Nothing can please you ladies… you complain when there’s no volatility and when there is volatility you complain there’s volatility. decide!

    • 0
    • 0
    • 0 Deem this to be "Fake News"