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
18,723 Blog Posts

Markets Drop, So News Outlets Could Say Trump is Starting Trade War

Morning lads

I had a late start today, as the schools around here had a delayed open and then I had to go walk my new dog — something that I enjoy doing very much because she’s psychotic and tries to eat all other dogs and she charges towards every single car that is driving on the street. It makes for a most enjoyable morning saunter.

Markets are off sharply and the news headlines are suggesting it has something ado with Trump’s tariffs on Chinese goods, something to the tune of $50 billion. You do realize how ridiculous that sounds, right? China pisses and defecates on $50b.

Truth be told, markets haven’t been the same since XIV blew up. When history is written and some historian digs into the annals of time to understand where it all went wrong — he will come upon this blog and learn that people did not read the prospectus and were, therefore, unprepared for the catastrophic losses to come.

FB is flat after the CEO sucked media cock last night, begging for forgiveness. Pardon me for being the only one who doesn’t give a shit about this topic — but I’ve known FB has been selling data for a decade.

Cryptos are getting lit up, WTI is off by 1% and gold is strong.

In my tactical portfolio, I am making strident gains in AMTX — as the frankenfood craze takes hold of Wall Street. Not much else going on, frankly. I am not disturbed by this pullback at all.

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6 comments

  1. acehood

    OVERSOLD

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  2. mrcharlie

    That pooch of yours sounds like a wild dingo!

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  3. roundwego

    Xiv and fakecoin. Will be the greatest bubble since tulips. The cleanup will be ugly.

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  4. natehois

    Is it possible that the size of the inverse VIX trades was suppressing volatility?

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  5. sarcrilege

    This usurious ponzi was finished once the laws of exponents asserted themselves. However, the controlled demolition, just like 9/11, must now be done on their terms and time – hike int rates, start trade war, crash markets — delegitimize Trump, start impeachment efforts, etc. March 26th, the trading of oil futures in yuan, could a game changer. I am loving it…

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  6. numbersgame

    Zerohedge explains it. Just look up “VIX risk-parity funds”. These funds are automated and forced to sell stocks when VIX remains elveated (relative to the unnaturally low 10s it was in).

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