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
18,346 Blog Posts

Trump’s Dow Jones is 1,300 From Record Highs — Can the Madman Do it Again?

STOP CELEBRATING NOW. You people are so fucking annoying. Some of us own SQQQ and a lot of meaningless dollars, sitting there staring at us stupidly.

While you undergo your God complex this evening, bragging to your faggot friends about all of your gains, remember this: THE DOW JONES IS 1,300 FROM RECORD HIGHS.

How do ya like ‘dem apples?

All in all, I made nice gains today, in the ballpark of 1.5%. My trading account is a barren mess now and I’ll need to throw on some new positions next week.

It was a fun week and I have no regrets. For this evening, I have a busy night of driving and spending money ahead of me, betwixt by dog walkings and large glasses of gin.

Ciao.

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20 comments

  1. numbersgame

    Is the Nk meeting a nothingburger? The WH has been walking back all day, first saying that the meeting won’t be a negotiations, and then this from Huckerbees-Sanders:

    “This meeting won’t take place without concrete actions that match the promises that have been made by North Korea…Let’s not forget that the North Koreans did promise something — they promised to denuclearize, they have promised to stop nuclear and missile testing.”

    Understandably, the meeting won’t take place if there are any more nuclear test.s However, what does she mean by “they promised to denuclearize.” Is the WH expecting a promise to denuclearise *before* any meeting? That’s the same position as all the war-mongering neocons.

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    • sarcrilege

      Wrong questions to ask. All that matters is if that backstabbing terrorist hellhole Israel pulls another false flag, you know…, like two planes three buildings, kill thousands of innocent civilians, shoot up some highschool in Florida, celebrate a little (dancing Israelis), chalk it up to a good deed (as killing goyim always is) and blame it on muzlims or some patsy HS kid. Those are the kinda questions to ask before any meeting w/ NK can come to fruition. What will Israel do? What do you think? Is it in their best interest to see NK and USA make up? I think it is because then young amerikans, perhaps your sons, can focus better on dying in ME for a better cause, you know, like Greater Israel.

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    • ferd

      Excellent question. There is little political upside for Trump to speak with Kim. Kim would be insane to give up his nukes and our hostile MSM and their neocon mouthpieces would be happy to crucify Trump for his ‘naivete’ when he fails to meet that expectation.

      Will Trump put himself at political risk to dial things down? …I hope so, but very much doubt it.

      However, a possible get for Trump is to have Kim to agree to not provide any help to Israel’s enemies in the ME …and that may be sufficient to get Trump’s handlers to let him go. (N Korea reportedly helped Syria with a nuclear reactor and provided them chemical weapon precursors …probably bs …duh, I thought Syria already had all kinds of chemical weapons …hard to know what is fact out of that agenda-filled region.) Who the fuck knows.

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      • sarcrilege

        Well, maybe Trump can trick little fat boy into letting you know who, those filthy neocons of course, open a hofjuden central bank right in the middle of Pyongyang city. You think Phat Boi might at least go for that…?

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  2. Dr. Fly

    Who knows, who cares? May is a lifetime from here.

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  3. Bullish

    Only the unwashed would buy SQQQ in a Donald Trumpdom Era.

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  4. goose20

    Nothing wrong with hedging when S&P pe is 25?

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    • Bullish

      Not when the markets about to rip tits to the upside

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    • joyous__ending

      The Bull is just too strong for shorting. Bonds yes. But it will take a few more Fed events or a Black Swan to hit the windshield.
      Shorting is a low probability/low gain trade right now.

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  5. acehood

    Read the prospectus on SQQQ.

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  6. acehood

    What brand gin btw, Sir Fly?

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  7. gappingandyapping
    gappingandyapping

    Just 3 weeks ago those same people were begging the FED to step in and stop the selling.

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  8. boyaj

    Good Dr, I hope you refrain from partaking in gin drinking and driving simultaneously.

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  9. moosh

    The dirty thirty dow is about to play catch up. AXP top pick of the retarded bunch. ‘MERICA FUCK YEAH

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  10. thegametheorist

    Why are we measuring the DOW? Such a fallible index. Price weighted. 30 stocks.

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    • moosh

      I think that is the joke?? My 97 year old grandfather speaks of the DOW as the stock market. Him and showtime.

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