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
17,091 Blog Posts

ABC Retracts Market Moving Flynn Report; May They Forever Burn in Hell

I hate fake news. I know my haters will rub in my UVXY trade come Monday, but you must grant me a small bit of pity — for I am a victim of a most horrendous dose of FAKE NEWS.

Those motherfuckers from ABC need to refund me for any losses that come my way next week.

Nevertheless, I do not believe any of this so called retraction. There’s no way Flynn just pleaded guilty to lying without giving up anyone else.

The response on Twitter has been apeshit with a side order to horseshit. Lots of shit flying these days.

FUCKING CHUCK WOOLERY

In case you’re wondering about Nixon’s impeachment and how it affected markets.

My sense.

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37 comments

  1. sarcrilege

    We fooled some folks.

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  2. natehois

    Refund you for losses??? Only my generation is allowed to ask for such things. ¡Viva la millennial retadación!

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  3. ironbird

    Welcome to California. It is ALL fake news. You cold weather dudes. When women and queers are soldiers the truth is vaporized forever.

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  4. badduck

    Sp Futures +50 sunday night. Vix 7

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  5. ironturd

    Permabulls are so fucked damn

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    • Dr. Fly

      How do you know?

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      • insp cluso to you
        insp cluso to you

        Take a good, long look at the picture of Flynn dining with Putin in Russia. Then add his connection to Kapersky.

        Trump was in on all of this.

        UVXY will look a lot like Bitchcoin very soon.

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        • moosh

          You are inspector gadget – minus the brains -to make your scenario work logically, but I am going to play it in bizarro land for a few days. Thanks

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          • insp cluso to you
            insp cluso to you

            I refute your insinuation that I am Inspector Gadget, an imbecile.

            Flynn was a General and a Military Intel Chief.
            At the time of the election he was banking serious coin with Putin and Erdowan/Turkey, and was deep into Kapersky. Kapersky = Putin.

            For years KaP was giving away their antivirus and its in countless computers throughout the US.

            He pleaded guilty to a Felony today.

            Down goes Trump!!!

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  6. mrcharlie

    Yo when you pansy’s gonna stop this Jibba jabba and come to Bond Street for a Tijuana taxi??? It’s fridayyyyyy lighten up there are hot Brazilian women here 🙂

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  7. burrito land

    No worries, the Martingale strategy will prevail.

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  8. moosh

    I refute your refute that inspector gadget is not a badass. How close is the monitoring really going on between and before transitions happening?

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  9. duuude

    This is pure theatre. Behind the cloud the megarich tax break moves along, and the full surveillance of Amerika bill gets passed.

    If TPTB really cared about “fakefuckingnews” they could force a review / revocation of broadcast licenses.

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    • ferd

      Could have been a distraction …Could have been someone positioned to profit in markets …Could have been a deliberate attempt to trigger the president to tweet a counterattack on Flynn …Could have been an honestly deluded anti-Trumptard who hears what he wants to hear.

      But anything that causes people to question the news from all sources, especially from an MSM that has been selling us on wars that are against our interests, is good news.

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      • insp cluso to you
        insp cluso to you

        Hard to see where MSM has been pro-war, unless you mean Fox.

        What is for sure, when it comes to Waar, no matter the party, its pretty easy to get 51 votes. And with all the tail wagging admissions of guilt goin’ on, we’re probably less than 30 days out from attacking NK.

        So I ask, how good is an all out assault for stawks?

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  10. juice

    https://www.jacobinmag.com/2017/11/trump-russia-bush-saudi-arabia

    Imagine if Russia — instead of doing what it has been accused of doing last year — had funded and facilitated an attack on US soil that killed thousands of Americans. Then imagine that US policymakers, rather than punish the Kremlin by cutting diplomatic ties, imposing sanctions, seeking legal recourse, or all of the above, covered up its involvement in the attack and continued to treat it as a loyal ally.

    Imagine if the president who presided over that attack had decades of intimate personal and financial ties to members of the Russian elite and subsequently spirited dozens of Russian nationals out of the country before law enforcement could interrogate them.

    Imagine if, despite full knowledge of the Kremlin’s once and ongoing anti-American activities, successive presidents heaped praise on Russia’s authoritarian government, sold it weapons, and made regular pilgrimages to wine and dine with its leaders.

    Imagine if an army of Russian lobbyists operated on Capitol Hill to ensure Washington’s pro-Kremlin line, eventually pressuring American leadership into actively assisting it in carrying out one of this decade’s worst war crimes.

    Imagine if, at the end of all this, Donald Trump ran for president on an explicitly anti-Russia line, only to shamelessly reverse himself once elected, embrace the Russian leadership, and pursue policies that benefited them even more enthusiastically than his predecessors had.

    It’s a pretty scary thought.

    Thankfully, in the real world, none of this applies to Russia. It does, however, perfectly describe Saudi Arabia.

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    • ferd

      Perhaps it has to do with the petrodollar, oil, and the still-budding Saudi/Israel alliance against Iran.

      An attack on Saudi was never part of the plan that was written by neocons here and in Israel in the late 1990s, but the invasion of Iraq was part of that plan …as were the other invasions we have gotten into. The final prize has always been Iran, and they are still working to get us to war with that country and, unfortunately, Trump seems to be their hapless dupe.

      The fact that the neocon plans have been a disaster for us and for Israel (with an Iran-friendly government now in Bagdad) doesn’t stop these morons and their MIC allies from seeking more war.

      A faction of short-sighted war mongers here and in Israel control US policy in the mid-east. Even if we are pro-Israel, we are not doing them a favor by assuming that what these guys have us do on their behalf is actually in Israels best interests.

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    • chuck bennett

      Nice one Juice

      Regards

      Chuck Bennett

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    • chuck bennett

      Nice one juice.

      Regards,

      Chuck Bennett

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    • MSGT HARTMAN

      Nice one Juice

      Regards

      Chuck Bennett

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  11. blackgld

    Tax cuts passed by the Senate overnight. Prepare for liftoff on Monday.

    • 1
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    • ferd

      Or at least lift up in mature companies that will benefit from money that can be spent on buybacks and manipulation ..perhaps at the expense of growth stocks …as we saw with the Dow/FANG divergence the other day.

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  12. gappingandyapping
    gappingandyapping

    Donald J. Trump is the best president to every have lived. That being the case the establishment will do anything they possibly can to get him out as he is a threat to their financial income. If you are a catamite (which 90% of congress is) you want a priest in office, not masculine men who like hot women and hate kid touchers. This is exactly what is going on with our government today.

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  13. cancel19

    Glad I sold all my spiking short dated $UVXY calls yesterday!

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  14. xela

    Spy & svxy have had a slight divergence this week. Maybe you’ll get lucky on your uvxy position & only incur small losses.

    Once bought a approved pdufa stock play ; pm
    Only to find out the news was fake!
    (Screen shot from the actually companie’s website I had)
    $Acst

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  15. moosh

    UVXY 25 by year end

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  16. moosh

    UVXY 25 by year end, atleast

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  17. Goober

    Fly – I don’t pay anything to read your site and it was the first place I looked to figure out what the hell was going on on Friday. So thanks for that. As for reacting to the Friday morning news with any kind of a trade – the market was calling bullshit on ABC’s story by 1 in the afternoon Friday. Algos were running the show late Friday morning – scaring mom and pop out of their etfs ahead of tax reform. But there is volatility to ignore and volatility to respect. Eventually (within the next 12 months) we will see some volatility to respect. An ultra cheap vertical spread in VIX calls placed on a calm December afternoon with 3 to 6 months of time on it might not be a dumb way to anticipate that kind of volatility. But I’d prefer to react to it vs. anticipate. Lets watch for someone at ABC (or a close relative) to get a algo hedge fund job soon.

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