A wave of sellers smashed through the market over the past few minutes on news that Gen. Flynn will testify against President Trump, claiming that the President ordered him to speak to the Russians. Whether this is a big deal or not is somewhat immaterial. The fact that they lied about it is what’s important. While we do not know the extent of the damage this will do to the President, it is a woeful development — one that could lead to the resignation or impeachment of Trump.
For months, I’ve been hearing from DC circles that by December Trump would be out. Coincidentally, on 12/1/17, this news hits. I am of the belief those in the know were aware of this testimony, which is why Trump’s agenda has been placed on hold.
For markets, this is ruinous, as it adds a great amount of uncertainty. I do not expect Trumpsters to take this lying down and this might very well spark mass protests on both sides of the aisle.
The Dow is off by more than 200, Nasdaq -100.
For me, this changes everything about the market. As such, I sold out of VERI and VUZI, two of my more volatile names and bought more UVXY. This is a quadruple down on my VIX trade, one fully endorsed by The Devil, who said to me yesterday he thought UVXY could hit $120. That is not a typo. We discussed this in Exodus yesterday.
It’s over Trumptards. The day of the rope beckons and the end game is near. Deep statefags win again.
Unrelated: I made changes in my quant account, which is in the $1-5b quintile.If you enjoy the content at iBankCoin, please follow us on Twitter