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
23,558 Blog Posts

Asian Markets Are Getting Smoked; US, European Futures SOFT

Chinese stocks are getting smoked out, off by more than 3%. Some believe it has something to do with Trump fixing to bankrupt China with new tariffs, others believe it has something to do with Chin’a politburo saying it would ‘resolutely curb’ housing prices. Property developer stocks are off by nearly 4% and the index is now lower by 41% for 2018.

Over in Hong Kong, the indices have been poleaxed into dust, lower by 2.5%. The NIKKEI, -1%.

Dow futs are off by 0.3% and the Eurotrash, -0.40%.

It’s all bullshit, believe me. We have the best markets and we’re going to have the best deals and the best trading partners. Many people believe, from what I’m told, markets will go up in a big way.

I just got back from a fun filled day of driving thru NYC traffic and then visiting family in Brooklyn. After the close, HUBS smoked on the top line, but missed on the bottom. They guided up and the numbers look great. However, the stock retreated by 8% in the after-hours — because retards seem to think SAAS companies give a shit about net income. All that matters is the top line. This company is smoking hot on all cylinders — buy dips.

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2 comments

  1. ironbird

    Watch the Tudors again. James had a Gun. They all do. Call it the pedo panic.

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    • ferd

      Not sure what you’re trying to say …never am. Best guess is that you’ve mistaken the IBC site for your NAMBLA support group.

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