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
20,083 Blog Posts

The News Over the Weekend is Going to Be Harrowing

Naturally everything is going to be okay, eventually. But until that times comes, expect the news to worsen — especially over this weekend. The Wuhan Bio-Lab most likely leaked deadly pathogens into the world and said virus is now wreaking havoc. Ergo, and this goes without saying, authorities are freaking the fuck out.

Pay attention to this news and don’t ignore it.

Headlines worth knowing.

State Department orders non-emergency personnel out of Hubei – CNN
881 cases confirmed, 26 dead
China building 1,000 bed hospital in a week


China’s Travel Limits Now Cover 35 Million People
McDonalds closes outlets in five Chinese cities $MCD
UK calls “Cobra” emergency meeting to discuss virus -CNN
Reuters: SINGAPORE SAYS TWO MORE WUHAN VIRUS CASES CONFIRMED, TAKING TOTAL IN CITY-STATE TO THREE – HEALTH MINISTRY OFFICIAL

The downside to playing these virus stocks is getting fucked with secondaries. If you get fucked, average down and wait for the bounce. I have immense profits in several virus stocks but have no appetite to sell yet. I am nothing but a humble merchant of death.

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5 comments

  1. cancel19

    What if the construction workers also contract the virus?! Where’s the hospital now?

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    • 0 Deem this to be "Fake News"
  2. heckler

    Heckler is calling for a complete and total ban of Chinese coming to our country until we figure out what the hell is going on!

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    • 0 Deem this to be "Fake News"
  3. jbandy

    Why is this going to turn out any differently than SARS, swing flu, Ebola, etc.? Each of those ended up being fine in the end. It’s fine to trade the vaccine stocks with all the other degenerates, but this is just a minor blip to the overall market.

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    • 0 Deem this to be "Fake News"
  4. numbersgame

    Boy, it’s lucky that the US multinationals don’t rely on Chinese production for anything. I was afraid it would affect the US stock market.

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    • 0 Deem this to be "Fake News"