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
23,431 Blog Posts

Wheat, Natty Soar as Tensions with Russia Continue to $BOIL

Double Entendre alert!

It’s all fun and games until your city is a pile of ash.

Wheat is jacked this morning by 6% and natural gas by 10.5%, after Russia cordially withdrew from the grain corridor deal with the UN, Turkey and Ukraine. However, all parties are shipping grain nonetheless! It seems they’re not afraid of Russian subs and believe their torpedoes to be made of rubber. As such, today they exported with 12 large grain ships to Turkey and had 2 coming in! Perhaps that one was loaded with lots of Halloween snacks.

Anyway, I am of the belief it’s mostly bullshit at this point. If markets are never going to take this war seriously, I might need to focus my efforts on something else. Perhaps it’s time to obsess over the COVID shots again, take a look under the hood and see how many treble boosted folks dropped dead from SADS.

The NASDAQ is down 140 and I had a fuckload of everything rolling into today. I liquidated all of my inverse ETFs and still hold some risk averse stocks, +37bps for the session. I am content with the slow boil and will gun for higher returns when the fucking market is easier — you sons a bitches.

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3 comments

  1. john galt

    Difficult trying to understand how this war hasn’t impacted more, maybe it’s just still too soon. Maybe the media is steering you in the wrong direction. Nothing here worth reporting, SADS isn’t a thing…. attacks in their underwears at 2am just happen.

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    • roguewave

      Maybe? the media is steering you wrong – clown world
      ____ isn’t a thing….
      Don’t tell me, do you by chance use gug search? How ’bout gmail?

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  2. roguewave

    Jim is the Costanza of world peace and prosperity

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