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
17,974 Blog Posts

Morning Poppers (Crude is Going to $100 Edition)

There is only 1 standing legacy nation left in the Middle East and that is Iran. All of the others have been ripped to shreds, so it’s not an exaggeration to believe, in my opinion, that something dreadful awaits Tehran in the not-too-distant future. With that in mind, Iran is a major exporters of crude and the price has been trickling higher, consistently, ever since Trump cut a deal with the satanists in Saudi Barbaria.

So, as investors, we can either stand by and do nothing about it — or profit immensely from the gigantic upswing in inflation that is about to befall western civilization. You can by TIPs or just get long crude stocks and enjoy the ride.

WTI is embarking on $64 this morning and I expect my crude holdings, SN, BBG, and FTK, to respond in kind.

Nasdaq futures are +19, bitcoin is stabilizing, prepare for decadence.

Here are the headlines.

Domino’s Pizza target raised to $250 at Maxim Group — See strong bench amid pending retirement of CEO Doyle
Union Pacific upgraded to Outperform from Hold at Daiwa
Expedia upgraded to Overweight from Equal-Weight at Morgan Stanley
Appian downgraded to Underweight from Equal-Weight at Morgan Stanley
Despegar.com upgraded to Buy from Neutral at UBS
Delek US Holdings upgraded to Overweight from Equal-Weight at Morgan Stanley
Zillow C upgraded to Overweight from Equal-Weight at Morgan Stanley
Barclays PLC downgraded to Underperform from Mkt Perform at Keefe Bruyette
Netflix initiated with a Overweight at Barclays; tgt $245

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7 comments

  1. sarcrilege

    The entire MENA will be a mess soon. Europe endured ww1&2, MENA will be a stage for ww3.

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  2. dragun

    My leveraged ETF model conveniently flagged 2x crude as a buy thus mth. So far so good.

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  3. Cricket

    “All of the others have been ripped to shreds, so it’s not an exaggeration to believe, in my opinion, that something dreadful awaits Tehran in the not-too-distant future.”

    I have direct Mad Max experience as one of these countries collapsed in 2011. I just happened to be there on a brief business visit. Complete anarchy. Marshall law.

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    • sarcrilege

      Bahrain was one with Martial Law in 2011. No Mad Max scenario reported there. Any other…?

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      • Cricket

        Oh yes. Life threatening for about 24 hours. After dark makeshift road blocks with burning barrels run by masked men with baseball bats and guns. I navigated several that evening. That night martial law declared, following morning streets were locked down by tanks and armored personnel carriers.

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  4. juice

    it’s all about the Saudi Aramco IPO saving Saudi Barbaria … Saudi Barabaria has cut off the oil spigots to get crude as high as possible before the dump that IPO on the public

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  5. shr1

    Lol Fly you called the top in December at $59.Good thing we’re traders not investors…

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