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
20,345 Blog Posts

MARKETS COLLAPSE AFTER TRUMP’S OIL PUMP DEFLATED BY SAUDS

Trump said this.

And then the Saudis said this.

And the markets did this.

Trump lied, traders died.

I responded by buying the oil pump, but quickly sold it. This is what I’ve closed out thus far.

AMPE +9%
APRN +10.6%
SOXS +8.7%
FAZ +4.6%
LAKE +2%
(NBY -13.8%)
(BIMI -4.7%)
(AHPI -7.4%)
DYNT – wash
MEDS – wash
PUMP +16%
NUGT +12.5%
CLR +1.5%
(PTON -7.9%)
(APA -7.8%)
(NOV -6%)

I am now leaning towards positioning SHORT, especially REITs and I like oil SHORT here — because OPEC sucks and Trump is a fucking pumper.

UPDATE:

What the fuck?

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13 comments

  1. peaches

    well… this clueless bear is covered in hundred dollar bills again.

    https://www.youtube.com/watch?v=yOQGhC5nzus

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  2. awanka

    This is what they’re reduced to propping up the markets, Mr. Fly. The weapons have all been fired, and now they’re using smoke and mirrors.

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  3. alty

    Absolute collapse. This is a day we’ll be talking about for generations.

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  4. snoozemr

    positive is they didn’t call him a liar. just an exaggerator. Or ‘aspirational’ as the VP would describe that.

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    • narcist

      If you are the other Georgian who talked about the Big Chicken the other day, you probably have seen the sign language gnome doing his thing these days.

      He is an absolute riot.

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      • snoozemr

        former Georgian. lived in atlanta in the late 80s early 90s. so i had not – but links do not work on my iphone, i will check it out this evening.

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  5. teslawasright

    Fly – Are you going to board the SRS train?

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  6. soupbone

    Just about anybody could perform better at this point. Even someone who used to be smart and took to alcohol or drugs could do better.

    Nowthen, would you like your oil prices higher or would you like them lower? Tough one eh? Think as long as you want before answering.

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  7. narcist

    I will re-short later if they manage to push it up to 2540.

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