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
ATH’s within a week.
No doubt.
A good, timely drop down just in time before the tax bill passes and we rage higher.
“A good man” a “wonderful man”
It should only take ZPN about an hour to demonstrate that he is a pizza eating pedophile planted by the Deep State to undertake a false flag operation.
Give it a rest.
Think HRC is laughing much? Lock him up…
What was the crime?
The “what about Hillary” comments are just as annoying when they’re used to gloat as they are when they’re used to deflect from Trump’s bullshit. Trump and his circle being found guilty doesn’t mean Hillary is clean, or the other way around.
That said, Donny is in deep shit here, Flynn looks like he got a sweetheart deal, and there’s only one reason Mueller would do that.
It’s not a happy time for the country.
Quit being melodramatic.
The crime isn’t crazy, talking to the Russians isn’t a big deal. They lied, which is stupid, but again, not treason.
Talking out of your ass as usual. You have no idea what Flynn told Mueller about Trump. Clinton was impeached for lying about a blowjob. Kushner is now toast. Lock him up!
Such bullshit. Again. The fake ‘impeachment’ of Clinton was to extort him into approving an illegal bombing of Serbia & massacre of civilians, something he was against. After Clinton agreed to the slaughter of civilians, he was ‘acquitted’ and allowed to continue banging under-age girls on pedophile (((Epstein’s))) Lolita Express.
I agree. It’s not a happy time for the country. The criminals in Washington are playing with fire. Things are very delicate in the shires, and this has the potential to rip the country apart.
The Russians had no significant impact on the outcome of the election, that is obvious. Even Feinstein et al have stated this fact. But the Russians are firmly in the driver’s seat now and they are doing everything in their power to drive this bus off the cliff.
When you consider the deep ties of Mueller, Rosenstein, Podesta and Bill and Hillary Clinton to Putin’s Uranium One (allegedly $145 million in payments to the Clinton Foundation plus Bill’s $500,000 speaking engagement in Russia, Rosenstein involved in the cover up as US Attorney in Maryland and Mueller hand carrying yellow cake to Moscow – not to mention gagging informants under his FBI) there is no doubt that the Russians are in full control right now. And their stooges in Washington (and the national Fake New Press) are using the unlimited resources of the US taxpayer to do it.
This oh-so-obvious corruption at the highest levels of government is destroying the faith of the population in their system of governance. This is the only thing that could possibly bring down the dollar – a collapse in confidence. It’s accelerating.
I’m happy at least one person here appears to grasp the significance of this. The only thing that maintains law and order is the belief that the laws are (more or less) equally applied. If its one rule for you and another for me… well… you think you are the only person with guns?
Why is it that some peopl can’t identify criminals or criminal actons before knowing their politics?
I’ll agree that the Russians did not have a significant effect on the elections. Hillary’s and Trump’s flaws were the main deciding factor.
However, having a significant effect on the elections, and having a significant effect on the election **results** are two different things. It’s either very arrogant or very ignorant to make an absolute claim on whether Russain influence was or wasn’t significant enough to change the results of an election that was so close.
https://www.theguardian.com/media/2017/nov/15/fox-news-anchor-debunks-networks-clinton-uranium-scandal-sparking-fury
This is ultimately good news. As much as I wanted to believe in his drain the swamp manta, Trump has proven to be a complete dimwit that is mentally unfit for office. Assuming Pence has clean hands, he will be a vast improvement and good for the markets.
Yeah, Pence is a lot of things, but at least he’s not an idiot.
It’s always the lie that gets you. Idiots.
When Trump was campaigning, I estiamted his IQ at 120 or so. It didn’t take long for me to realize Bannon was the brains (130+), while Trump is more like 90/95. Anyone else remember Dan Quayle?
I initially estimated Bush II to have an IQ in the average range but grossly overestimated it. Also, noteworthy is that IQ doesn’t protect you from delusional arrogance (Clintons) or insanity (Manson).
This is not good news, for stocks.
I’ll give it a rest, after saying it’s amazing what you are willing to dismiss as no big deal and the stupid, conspiracy theory crap you get all frothy about.
If you have an issue with a topic, fine, but the ad hominem attacks on ZPN are ridiculous. He has a different world view than yours — big deal.
Either debate the merits of your argument about a specific topic, or just accept there are people who disagree with you and move on.
You are right. Apologies to ZPN. In my defense I do try to read his stuff, I look at his sources, etc. I’ve never found it at all compelling. In fact it seems so cynically slanted that it blows my mind. Generally I try to ignore it, but every once in a while I just can’t stand it anymore. I’ll try to keep my yap shut about it.
Thanks for correcting the record.
Hey – I’m always open to a counter argument and better information. If you’ve got something to refute what I’m putting out, throw it back at me and we can debate it.
Just keep in mind that I’m never wrong and I think it’ll clear a lot of things up. /s
Who the fuck gave you fake news votes
Whether I think the crime is ‘bad’ or not isn’t material, like I said. I know DC will chimp out over it and use it against Trump, so yeah, it’s a big deal.
If, as rumored, Trump was going to appoint Pompeo as Sec of State, hopefully this will instead keep the relatively sane guy in that office.
Tillerson laughed at the the rumors. IE, “FU Trump. You want me out, get some balls and say it to my face.”
Trump is so weak. Remember how he railed on Sessions, then Sessions said he’s staying and now not a peep as Trump’s potential legal liabilities creep up.
You are so much smarter and stronger than Trump. That’s why you have more money than him.
If you have any time between your huge deals, please give us more insight. Wisdom like yours is hard to find these days.
If money equals smart and strong to you, than you’re just a pretty sad little man aren’t you
Senator Joe McCarthy is laughing in his grave.
Well as Ralph Carpenter once said: “It ain’t over until the fat (Clinton) lady sings …”
lol. Douche bag alert in the hallowed halls. Get THAT cock out of your mouths long enough to breath. Psycho libtards.
Again with the cocks in mouths and up asses. It’s legal to be gay in America bird, just be yourself.
The Devil is wrong, and not because markets won’t decline. They most certainly will. Take the time to work through the actual math involved in both the VIX and its derivatives…
You are Correcto mundo.
Waiting for a VIX spike is a highly improbable trade.
Waiting for a VIX implosion is a much higher and easily timed trade.
The Devils analysis is based less on VIX, but mostly on the yuge short position in UVXY which will explode on continued market volatility.
“So the candidate who campaigned on a platform of getting along with Russia did indeed want to get along with Russia. The fact that he needed Flynn to negotiate de-escalations with them kinda kills the narrative that he’d been colluding with them to steal the election, though.”
Yea just a coincidence that they lied about talking to the same enemy state that got him elected.
you are either dump as a stump or dump as a stump — take your pick
If Dems had a better candidate they would have won. The fact that HRC was such a poor candidate was the real reason Trump won.
“For months, I’ve been hearing from DC circles that by December Trump would be out.”
You heard that from me first a year ago, go check. #TIMESTAMP
This is way bigger than you think, and ditto on the fact that you get you panties in a bunch over fake news but think this isn’t likely treason. Donny’s done.
What was the crime?
Obstruction of Justice is the easy one to prosecute. Treason is the real one, but that is ahrd to prove.
Flynn will be Martha Stewarted for talking to FBI.
If the FBI comes knocking for an interview, can’t one just reply ‘yes I’d be happy to attend an interview, but I am informing you in advance that each and every question will be not be answered under the protection of the fifth amendment’. How can one be compelled to answer anything? Does the fifth not apply to the FBI? If you don’t answer, how can you be caught in a lie?
“nor shall be compelled in any criminal case to be a witness against himsel”
The fifth protects you from **self**-incrimination. You cannot refuse to answer. You can request an attorney and talk to him/her before answering every question, and you can say, “I don’t recall/remember.”
http://archive.is/ZQxxR#selection-1483.322-1495.45
“Communications, including meetings, between representatives of US presidents-elect and foreign capitals, particularly Moscow, have been “common practice” over the years, according to Jack Matlock, ambassador to Russia for Presidents Reagan and Bush; Matlock had previously arranged meetings in Moscow for President-elect Carter’s transition team. Moreover, Obama’s own Russia adviser, Michael McFaul, told The Washington Post recently that he visited Moscow in 2008, even before that year’s election, for talks with Russian officials. The Post implied that this was “appropriate contact.” “
Except their government made huge efforts to swayed the election all the while Trump knoew about the communications and lied about it. If that’s not a red flag, you’re as drumpf as a skunk.
yes, I know that facts are irrelevant in your brain
Juice, try and keep up. Flynn pleaded guilty to lying to FBI, not to Russain conclusion or treason.
Meetings with Russians were proven about a year ago. If that was a crime in itself, half of Trump’s closest advisors would already be in jail.
Meeting with Russians is not a crime, but is potential evidence of a crime. It all depends on what was said, whcih is the reason for the Mueller investigation.
The reason for the Mueller investigation is that Hillary, i.e. the Deep State lost the election. period.
If Flynn is a military man with honor, he will throw the deep state under the bus at trial. Otherwise, this guy has no backbone.
He pleaded guilty to protect his son from prosecution and because he knows he will probably get no prison time anyway.
And if Trump has any backbone in his fat body, he will pardon Flynn no later than one minute after the verdict is read, just for dicks and giggles.
It won’t be the first time. Dig this excerpt from Wikipedia:
“Attorney General Eric Holder appointed (Rod) Rosenstein to prosecute General James Cartwright, a former Vice Chairman of the Joint Chiefs of Staff, for leaking to reporters. Rosenstein’s aggressive prosecution secured a guilty plea from Cartwright, who was ultimately pardoned by President Barack Obama.”
Generals don’t go to jail, unless they are tried at the Hague for war crimes
Fucking Russians!
– They tried to discourage us from invading Iraq
– They warned us about getting bogged down in Afghanistan
– They tried to give us an out when we bumbled into Syria
– The didn’t support us in our Libya overthrow
If listening to that kind of talk is treason, I wish Trump was a traitor. Unfortunately, he appears to be the conventional kind of traitor.
They shot down a commercial jet
http://i2-prod.mirror.co.uk/incoming/article3882225.ece/ALTERNATES/s615/victims-MH17-main.jpg
http://www3.pictures.zimbio.com/gi/298+Crew+Passengers+Perish+Flight+MH17+After+GqLaEWUySCvl.jpg
Obama droned a wedding.
Twice. It’s called a ‘double-tap’ in military parlance.
First you hit the target, then you hit the first responders.
They thought they were al quaeda militants.
Just a generation ago they were going to launch a nuclear war with us.
>For months, I’ve been hearing from DC circles that by December Trump would be out.
Spare me you don’t have any real sources in DC.
I other news, I just watched 52 Republican Senators on CSPAN all vote against an amendment to change the carried interest provisions. Will have to read the Amendment text later. If it is “clean,’ bookmark this, as that will be a hard vote to hide from in 2018, regardless of how the overall tax bill is viewed.
You think the GOP “base” understands what carried interest is?
not a chance …of course, neither does the dem base
Nice response
No but they understand “Wall Street hedge fund manager” and “tax loophole” enough to know who’s pocket the Senator’s are in.
It’s one thing to not address it (“we forgot”), but a whole differnt thing to vote against it. Usually amendments like this are scuttled before they even get a vote.
They key date in question for Flynn/Russia meeting was December 29th, 2016. This was all after the election?
Are you that stupid? In his statement he admitted “acting with Russia under orders from a TOP CAMPAIGN OFFICIAL.”
Now go back and watch Faux and Fiends…
The date is correct, this all occurred after the election and right before the inauguration.
ZH Headline now:
Michael Flynn promised “full cooperation to the Mueller team” and is prepared to testify that as a candidate, Donald Trump “directed him to make contact with the Russians.”
drip fizz hmny and if Trumpfam getting effed is a big nothing burger? lol uctt?
Happy Friday iBagholders
Mad Max stilt walker through the swamp formation on the $XIV daily chart
The Golden Showering Russian Girls told me to BTMFD!
Kushner looks tobe the fallguy.
Trump is the fall guy. Mueller isn’t after pawns.
When will you people wake up? The shills hate Trump.
Liberals focus so much on how they wish things to be, they lose sight of reality.
Liberal or conservative, Trump is an abomination.
Trump is retarded but Clinton are evil.
Round watches Faux Fiends too…follows Trump on Twitter.
Bwahahaha
UVXY — the graveyard of bears.
Did Fly top tick uvxy today?
It’s a “quadruple position” now and it’s “going to $120”. If that’s not the definition of a top tick I don’t know what else is.
Alt-suckers running around like ******snowflakes*****
Or, “I love the uneducated!”
The Fly is rearing his ugly commie head for clicks today-hence the comment section is full.
Trump’s not going anywhere.
Flynn story is a big nothing burger, and the market figured that out, recovering nearly all it’s losses by the close.
The timing of the announcement was designed to take tax reform and other good Trump news off the front page, and wipe the bad Democrat news on Kate Steinle and Matt Lauer, off them as well.
The DOW will be 30,000 in a few months.
They have nothing on Trump, read a legal analysis on it here:
http://www.nationalreview.com/article/454269/michael-flynn-plea-no-breakthrough-russia-investigation
whaler, you and the national review are looking under the wrong stone. They are probably right in their logic that the Mueller investigation is having trouble proving treason/collusion – whether it happened or not.
However, Trump is sketchy, unethical, paranoid, and not very bright
1) sketchy and unethical: he probably has some illegal business deals prior to even running for President.
2) paranoid: he is afraid that Mueller will dig up these business deals
3) not very bright: he is trying to block Mueller at every turn, and doing so in a clumsy manner, walking right into an “Obstruction of Justice” charge
Trump going or not going anywhere doesn’t matter. The fundamentals of the global economy are rock solid. A correction in the market would be healthy and good for more mom and pops to get more involved, but anything more than a correction is off the table until there’s an actual financial crisis. Years off.
Top of Bitcoin, bottom of UVXY, HMNY turding like a busted science project. Exodus free trials right around the corner.
Does this mean that you think Bitcoin will continue rising, UVXY and HMNY will continue falling? If not, what was the point of your post?
Holy shit! The freaks really came out today. Haven’t seen this many comments in a while.
You all really think that Dems and Republican are on different sides??! LOL. There are no surprises. Everything is arranged. 10D chess.
And why the fuck are people even bringing up Hilary? She’s old news and you people are still sucking her dick. Talk about salty.
The stupid, it burns.
It’s fun watching losers punch themselves in the face on the internets. This is why I blog here and trigger you emotionally unstable folks into saying dumb things.
Continue.