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
19,125 Blog Posts

Trump’s Public Debate Over Border Wall REKT Stocks — Down We Go

This is the dumbest thing I’ve ever seen on teevee, by a President.

Watch it all the way through.

Art Cashin sums it up.

“I have been around for not quite 80 years and I have never seen anything like this … and the stupidity to let it go on,” said Art Cashin, director of floor operations UBS. He added that the televised exchange increases uncertainty around the projects will move forward in a divided government. “It doesn’t look like they’ll get very much done.”

What does this mean for you?

Total doom.

We’re now in the process of negating the reversal hammer of yesterday and potential hollow candle, and instead run headlong into a bearish pattern that is assuredly destined to lay waste to overzealous dip buyers.

I sold all of my upside ETFs and bought TVIX — betting on destruction.

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42 comments

  1. acehood

    Shutdown bullish given the President admits he couldn’t care less about the deficit. Also increases odds he deals with China, as well as odds Jerome continues to “check himself”.

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  2. cancel19

    It is never good seeing your favorite sausage being made. Everybody knows that I thought.

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  3. numbersgame

    FLy your analysis is usually spot on, but this is just a coincidence, NOT the reason the market is going down.

    Look at the AM charts, before our Baby-in-Chief opened his mouths:
    XLF, GE, AMZN, AAPL, NFLX, all hit their highs ***** before 9:40 am *****

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  4. WrongView

    Art of the Deal.

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  5. og

    What an embarrassment.

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  6. Lyndon Keltner

    Fake sell-off, amirite?

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  7. jbandy

    Honestly, I appreciated that. At least we know where everyone stands. They should publicize debates by our elected representatives the same way the UK does with the Prime Minister being forced to go before the House of Commons and answer questions and have a debate.

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    • irma vep

      You have to know how to properly debate to have a real debate. Good lawyers know how and they know the tricks to convince people that valid logic is the same as sound logic. In general, we get combative over subjects that are good to debate and do not argue positions with civility which is one of the tricks in winning an argument. Most politicians do not want to reveal their real position these days until elected. And I could argue that this is smart. I could argue, is this right for the nation? I’ve thought this way since I chose to take “Logic” in College. A very hairy subject.

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    • irma vep

      By the way jbandy, I agree with you. Sorry, I get long-winded on the subject.

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  8. roundwego

    Vix on the move.

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  9. irma vep

    It’s fabulous! It’s the most intelligent political debate ever in my lifetime. It clearly reveals that Trump’s logic is not sound. It is perfectly valid but not sound. More please! Schumer and Pelosi are all over Trump like the cheap suit he is.

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  10. ferd

    Impassive Pence is just sitting there thinking, “When’s the Rapture.”

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  11. schadenfreude

    Why is he talking to Pelosi and Schumer? I thought the Mexicans were going to pay for the wall? Fucker should just buy some OTM puts to pay for it, as ‘this sucker could go down’.

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    • numbersgame

      This is 10-D chess:
      1) The stock market collapses
      2) People clamor for USTs
      3) Interest rate on UST drops
      4) National debt balloons at a slower rate

      See, he is just SAYING that he doesn’t care about the debt, when solving the debt problem without decreasing spending was his plan all along.

      Additionally, he is bringin people together: now that R’s have their 1% Tax Cut and 2 more SC judges, they don’t really need him as much and can abandon him just like Independants and Democrats.

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      • schadenfreude

        Sir – This man can’t play tic-tac-toe.

        “A fucking moron” – Rex Tillerson
        “It’s worse than you can imagine. An idiot surrounded by clowns. Trump won’t read anything – not one page memos, not the brief policy papers, nothing” – Gary Cohen
        “Not only crazy, he’s stupid” – Thomas Barrack
        “Idiot with the intellgence of a kindergartner” HR McMaster

        I mean, these are people Trump himself hired. Are they all wrong?

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      • schadenfreude

        I tend to agree with that. GOP got pretty much what it was after and is going to have to rebrand itself to attract new voters going forward. I can see them trying to quietly lay as much blame on Trump as possible over the next two years.

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      • irma vep

        Yes but this probably betrays the people who elected him. True to Trump Form.

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        • numbersgame

          I initially gave most of Trump’s abse the benefit of the doubt, after all ,Hillary was the Establishment Status Quo in the flesh. However, he still has a huge number (at least 33%) of the public supporting him.

          I hope that their 2 SC justices will help Trump’s base pay their bills, because that Tax Cut sure won’t. The deserve what they get, including
          1) the Florida voters that wonder why their beaches have are multi-colored water,,
          2) the Midwest voters that wonder why factory jobs don’t pay as much as they used to,
          3) the Appalachian workers that wodner why their tap water literally makes their skin crawl,
          4) the Southern voters that wonder why their public schools are so bad.
          5) and the anti-Swamp voters that wonder why Corporations are considered people with 1st Amendment rights (hint: it was a party-line SC decision)

          Not that the Democrats are that much better, but they are the lesser evil more often than not

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      • irma vep

        I’m lousy at chess. No practice, I hope is the reason. I did thoroughly enjoy “The Queen’s Gambit”. Tevis was/is a national treasure.

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  12. sierra water

    I thought the whole thing was awesome..

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  13. jbandy

    I agree with Trump. We need a big, beautiful which is better than any wall that any one has ever seen.

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  14. mx2101

    Public and broadcast debate and negotiation is in the public interest and good for the country. Let the citizens see and judge for themselves.

    Social media, smart phone video, and the long memory of Internet content has made ordinary people much more accountable for their actions at awkward times and places.

    Government officials should conduct public business with no expectation of privacy.

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    • ferd

      Cool. But can we have a button that lets us apply a mild electric shock when needed? ….like when Nancy whipped out her verbal crayon and explained to the president or the United States that ‘legislators legislate’ and ‘congress is the first branch of government..’

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    • irma vep

      It’s the first real political debate on television. A real debate! I didn’t like Nancy Pelosi want to take it off camera. It belongs in the public realm.

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  15. Theon Nodick

    LOL that was great

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  16. roundwego

    What the hells up with bonds and jpy?

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  17. awanka

    I’m unsure that Mr. Trump is the reason for all these moves anymore. I think the markets are coming to understand that the situation is more precarious than the past 2 years would suggest. It’s a battle between those who see this new volatile outlook for the markets, and those who think it will stabilize and be business as usual again.

    I don’t have a favorite here, but I will be watching with great interest.

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  18. one-eighty

    Hey Fly. Why does your favourite President Loco always make the sign of the vagina with his hands?

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    • irma vep

      That’s just his subliminal control mechanism to tell you “Shut up and do it my way. Everything is OK because I’m in charge and I say it is.” He also convinces himself with circular categorical syllogisms. It worked on quite a few women who later regretted it.

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  19. irma vep

    Mr. Fly, I just got your point that it was “the dumbest thing I’ve ever seen on teevee, by a President.” But it was beautiful.

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  20. chuck bennett

    I think it’s great!!

    Yes, of course it’s entertaining, but there is more.

    The sun king, Cheeto man has a track record. The fucking guy wins despite being in the jaws of defeat.

    Does he have that almanac from back to the future ?

    Whatever.. keep it up, you guys are being fags (no homo)

    Regards

    Chuck Bennett

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