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
23,411 Blog Posts

SAUDI ARABIA ORDERS CITIZENS OUT OF LEBANON; TRUMP TAX BILL DEAD; MARKETS PLUNGE

Saudi Prince Alwaleed bin Tala’s grandfather was the first prime minister of Lebanon. Now the good Prince is in prison and the current prime minister resigned, fearing for his life.

Now the House of Saud is ordering all of its citizens out now.

It’s really happening.

Trump’s tax plan is dead, as expected.

World markets are in panic mode, led lower by the DAX, which is off by 1.5%. Our Dow is accelerating to the downside, now down more than 200. The perfect storm is brewing with a toxic blend of a tightening yield curve, political instability, and blowing out of junk bond yields.

WATCH OUT.

It’s all fun and games until your accounts are at zero. I will have you know, I am riding my NVDA short into earnings and also holding onto my UVXY with a death grip. There’s a lot more downside to the move to come.

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10 comments

  1. numbersgame

    “Still, we’ll nee a catalyst before heading down. I assume that the Republcans lose-lose-lose tax bill will set the stage.”
    – Me, yesterday

    but I thought the bill would flop around for another week at least.

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  2. heaterman

    VIC up 22% and climbing.

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  3. heaterman

    VIX dagnabbit!

    …spell correct…

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  4. Dr. Fly

    JNK

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  5. ferd

    …and you still believe that the petrodollar cost of oil is heading down.

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  6. DaJuice

    How much is Hans Zimmer paying you to post a link to the Dunkirk soundtrack on every post? Eventually I’ll be forced to click on it and see what all the fuss is about…

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  7. sarcrilege

    Bluffin’

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  8. chuck bennett

    Tanks are next
    Regards

    Chuck Bennett

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