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
18,117 Blog Posts

Futures Chimp Out in After-Hours Blood Bath, as Trump Asserts His Alpha-Dominance Over China

Here’s the fag-heavy Bloomberg thread, an active discussion, regarding Trump’s wonderful trade war — tonight enacting over $200 billion in tariffs to the dog-eating nation of China.

There’s a lot of theories about trade deficits and most people on Wall Street think the whole deficit complaint is Main Street bullshit. After all, Apple makes their iPhones in China and we love cheap $1,000 iPhones. I tend not to get bogged down in political thinking, or even nationalistic thinking. I really don’t care. It’s the craziest thing in the world. I know — since I’ve been on the other side of the fence, really caring about thy country. Fuck it — don’t care who wins or loses. None of those fuckers care about me. I’m forced to pay almost $20 at the fucking Staten Islan bridge toll just to get back into NJ. Fuck their trade wars and fuck the victors.

The only thing I care about is how can I profit from it.

By the looks of it, futures off by 200, Nasdaq off by 50, is a lot of horse dung. We already knew this was going to happen, so this is reactionary nonsense. I suppose traders thought it was all a joke. Yeah, it’s all a joke until your pantaloons shit its own pants and costs you $50 at Target.

Buy dips. Make a habit out of it. Trump’s lunacy has a way of creating art out of feces. Somehow, someway, this negative newsflow will morph into another great trade, one filled with brutish rapes and all sorts of tortures for the bears.

My quant fund is 20% cash and my active account is 30%, so I consider myself to be supremely positioned for an opening downtick.

Let the real games begin, starting with wiping out the margin buyers.

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12 comments

  1. joyous__ending

    CNBC Fast Money…..I know, I know. Opened with a segment Fake Out or Break Out.
    They were going break out to new highs. Other than Feb- March where oversold readings often went deeper, past 3 months have had nice moves off undersold reads.
    Glad I cleaned house on this last rally to sell some under performers.
    Go eat a sandwich and again wait for next oversold (or near) flare.

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    • Dr. Fly

      KYS

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    • it is showtime

      These are general geopolitical headlines from the last 24 hrs. There are at least 3 narratives slightly entering deterioration or hostility. Fucking teevee commenters musing breakout-or-not on a tape which looked clearly timed and engineered are such puppet tool twits

      Trump Suggests China May Be “Exerting Negative Pressure” On North Korea Deal
      The Uncivil Civil War: Economic And Market Implications Of Political Transformation
      “Craziness Becoming Strategic” – NATO Leaders In Panic Mode Ahead Of Trump Visit
      UK Government Crisis Deepens As Boris Johnson Resigns, Pound Tumbles
      Sunoco Hikes Some Prices By 4% In Response To Tariffs
      Iran’s Revolutionary Guard Says “Awaiting Orders” To Attack Israel Ahead Of Putin-Netanyahu Summit
      As Global Debt Hits A Record $247 Trillion, The IIF Issues A Warning
      US Publishes $200 Billion China Tariff List

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  2. ferd

    “so I consider myself to be supremely positioned for an opening downtick”

    …a bit of blowing smoke up your own skirt given that you got long oil-related stocks. 20 cents from now – below $73.65 – I will short oil and make big monies.

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  3. it is showtime

    Fly keeps stating that the trade war has been put in the past.

    What a puny intellect.
    Fly cannot process that there’s a programming regime over the stock market, affirmed and evidenced over and over again, playing games with both long and short sides. There was no reason whatsoever for the indexes to manifest the last 4 sessions of tripledigit dow surging, and on examination it reveals to be fairly or very fabricated.

    The last 4 sessions were a game. The fly’s intellect remains puny.

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  4. thehouse

    $200B is the headline number. Its $20 Billion. Big fucking deal

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  5. MSGT HARTMAN

    This isn’t about a trade war. This is Trump throwing the gauntlet down on industrial espionage and IP theft.

    Bill Gates, Tim Cook and Art Levinson are going to lock themselves in their closets tonight, turn out the lights and do a series of fist pumps in the air.

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  6. Dr. Fly

    Quit being retards, morons. The Fly is gonna crush your skulls tomorrow.

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  7. ironbird

    Dr Copper has pre AIDS. Where they but it sooner than later. But looks like Nigeria nonetheless. No tape for old Aboriginal Men.

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  8. cockmith

    Methinks i’ll buy a bunch of stocks tomorrow, only a common whore would think this isn’t a buy opportunity. SAD that all the bullshit at like Party City and knock off Fendi bags will cost a shitload now….

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  9. awanka

    Ah, Mr. Fly. This was the news I was waiting for. We’ll finally see the fallout from a large bulk of the tariffs. Citizens of this great land will have to come to terms that a trade war is on. I’ll be buying into any significant weakness.

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