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
19,842 Blog Posts

HONG KONG BURNS — MARKETS IN TURMOIL

A very high IQ quasi- revolution is taking place in HK — and although I think it has CIA written all over it — I’m supportive of any people who demand freedom from their government. They’re cutting down facial recognition poles — in defiance of the Orwellian Chinese way of controlling people.

HIGH IQ RALLIES ENSUE!

Without question this is a fucking negative for stocks. My only question is whether this is really happening or more bullshit? Will this revolution be stomped the fuck out — or will it spiral out of control and fuck the Chinese with a bamboo sizes cock?

The Hang Seng is off by 880 now, or 3.5%. Nasdaq futures are only off by 35, after fair value considerations. Oil is down and gold is sharply higher. You’re welcome. The 10yr yields are hitting new lows at 1.48% — something to consider when thinking about buying banks. This yield curve business is treacherous for them.

My best bet — markets plunge at the open and I buy with my entire cock. I do not believe we’re setting up for a large drop. Trump is too vain to let this slide for too long. Look out for some sort of offsetting stimulus package to antagonize the Chinese. The men inside Exodus are all doing fine now, sipping on large coups of champagne, overseeing their large holdings in gold appreciate with both style and grace.

NOTE: The Yuan is cracking lower again. The dollar is now +5% vs the Yuan over the past year.

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7 comments

  1. awanka

    I’ll be buying into the morning collapse as well. God help me.

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  2. omfgitsjd

    Just as I suspected. I wake up to news of “kiss and make up” with China with futures moving higher.

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  3. chuck bennett

    Food inflation could screw up their harmonious system.

    The lower the yuan falls, the more expensive pork fried rice is.

    Regards

    Chuck bennett

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    • omfgitsjd

      Cutting costs using sewer oil is an option. Funky aftertaste, but doable.

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    • numbersgame

      Long T in Aug, short NFLX in Sep, lloking for another market plunge by Dec.

      Trump’s Friday tariff tweets were pure impulsive reaction with no long-term plan. XI is playing chess, Trump is playing Simon says.

      As Trump’s popularity falls with the market, he gets more reactive. He is an egomaniac with no ability to cut losses and admit mistakes. Once he figures that the game (election and/or trade war) is over, he won’t ever concede, but instead flip the board and purposefully try to take everyone down with him.

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  4. numbersgame

    The one thing I don’t understand about the tariffs: why is Congress lettign Trump take the point on this?

    If Nancy thinks Tariffs are bad, then the House could pass a bill to take back control of tariffs and force McConnel to either opose Turmp or let the bill die: a real test of Repuplican Establishment/Corporations vs Republican/Trump base voters. It would box them in hard.

    I can only a few reasons that she isn’t doign that:
    1) She is fine with the tariffs
    2) She wants that power to reamin with future presidents
    3) If Congress takes bakc control of traiifs, then that gives Trump an “out” without admitting he’s wrong + another anti-estabilishmen rant to run on.

    Still, it seems almost worth it to watch McConnel squirm

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    • ferd

      LOL. Political expedience vs long-term benefit to the country?

      Yeesh, clearly #3.

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