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.
Traders are just waiting around, literally waiting for Trump to offer them to suck on his dick. You have to take control now.
You are not promised a trade deal. Bear that in mind. Your time frame might not correlate with Trump’s. Another idea: Trump isn’t the only one at the table. Maybe China wants to drag this out to save face. Trump has been humiliating them on a daily basis.
All I know is this. Junk bonds are swimming lower again, as are leveraged loans.
I sold out of my DICK-CAR (DCAR) for a 22% loss and BEST for -12.4%, both Chinese shit. I am 50% cash, 5%, SOXS, 5% DRIP and I bought NUGT today.
On the bright side, SAAS stocks are flat and many of them are sharply higher, such as my TEAM. But don’t let that confuse you. The indices are sharply lower and you should adhere to stops and quit thinking Trump is going to allow you to suck on his dick before Friday.
The Editor in Chief of the China Globe Times has been making waves on Twitter for his seemingly ‘in the know’ reports on the US-China trade deals. Judging by his recent tweets, the trade war is about to take a turn for the worse.
Today, I asked one from Chinese side who knows the trade talks well, how many possibilities there still are to reach a deal before Friday. His answer is: 0. If it is that bad, the real suspense is whether the two sides will continue negotiations after Friday.
The Chinese delegation is at the airport and will take off soon. Some ask why bother to go to the US for talks given what had happened?This is also a question for the US side, why still bother to invite the Chinese delegation? I want to emphasize 'invitation'.
China has fully prepared for an escalated trade war. It is a new strategy of China to engage in trade talks while fighting a trade war. I think China bets on the fact its politics is more powerful than US politics. Trade war will be decided by domestic politics eventually.
Although the Chinese delegation decided to go to the US for negotiations, as far as I know, the situation is more tense than the Western media speculated. The possibility of an escalation of China-US trade war is seriously increasing.
How do you trade this shit? You don’t. But what you can do is buy WKHS when Trump tweets about it. Shares jumped by more than 200% since this tweet yesterday.
GREAT NEWS FOR OHIO! Just spoke to Mary Barra, CEO of General Motors, who informed me that, subject to a UAW agreement etc., GM will be selling their beautiful Lordstown Plant to Workhorse, where they plan to build Electric Trucks. GM will also be spending $700,000,000 in Ohio…
We’ve got all sorts of SEC red flags going up and I know you’re tempted to sell something short — because all of a sudden the charts look bad. But remember, the charts look bad because Trump is editing them. They were looking fine before the recent trade war began again.
Here’s what we have this morning.
Nasdaq futs -80
Ten yr bonds yields sinking and a really fucked up inverted yield curve.
Europe down more than 1%
And WTI is off by 0.7%.
Look for WTI to firm up before the market bounces. I will most likely sell my SOXS and DRIP today — because I have no interest getting caught short into a rally that is bound to come by the author of this madness — President Trump.
For the record, I am for better trade deals with China. I only think the meddling in markets and the non-stop propaganda is hurtful for those trying to navigate the indices cleanly.
This is some high level autism, starring Trump talking extreme shit as Chinese diplomats are on a plane en route to DC to etch out some sort of deal. I’m not falling for this shit again. Shorts should be covered tomorrow and longs applied.
“By the way, you see the tariffs we’re doing? Because they broke the deal. They broke the deal,” Trump said Wednesday. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. They can’t do that, so they’ll be paying.”
Trump added that the United States “won’t back down until China stops cheating our workers and stealing our jobs.”
Over the weekend, Trump surprised markets by threatening in a Twitter post that he would significantly raise American levies on Chinese goods — with a first increase this coming Friday, and another “shortly.”
And here’s The Donald showing America the win-win situation we’re in apparently. Literally nothing can go wrong here. If we get a deal, great. If not, also great.
“If we don’t make the deal, nothing wrong with taking in over $100 billion a year, $100 billion, we never did that before,” he said.
Beyond Meat finally cratered today, after IPOing and enjoying the gravitas of SOY-BOYS everywhere. All of those open mouthed pics of beta fagLORDS, steaming face first into a giant pile of Beyond shit, made me sick for a moment. I’m glad to see those cuckholds put into their place. There isn’t enough room on this planet to allow those nuMALES to navigate this wonderful flat surface we all live on.
As for the overall market — if you stepped into today leveraged long, you’re not exactly feeling your oats right now. This is a small dicked run, not worthy of news. If you’re betting on a large directional move higher, why? Based upon what? The fuck is wrong with you?
We’re trading ova here.
Long TEAM and ZEN, and some hedges, and a lot of other shit, into the close.
PS: How’d you like the new friendly kinder Exodus today, fucked faces?
I’m not trading this shit. I sold UCTT for +0.2% (now 16 for 17) and I bought TEAM — because stocks at record highs tend to make new record fucking highs.
Someone should make this sort of thing illegal. Trump has been fucking with the market since he got elected, menacing us with trade wars, only to quickly solve them in bullish tweets. After a while, the market calls bullshit on said tweets, goes lower, and then he sends out Mnuchin and Kudlow to jawbones us back higher. We’ve been doing this shit for over 2 years now and I’m sick and tired of it.
Dare I say, I’m tired of winning.
The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to “negotiate” with Joe Biden or one of the very weak Democrats, and thereby continue to ripoff the United States (($500 Billion a year)) for years to come….
….Guess what, that’s not going to happen! China has just informed us that they (Vice-Premier) are now coming to the U.S. to make a deal. We’ll see, but I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers…great for U.S., not good for China!
Of course China wants to make a trade deal. I don’t understand how this is news, but that might be me venting through my sharply lower DRIP and SOXS positions. It’s impossible to gauge what the fuck is going on here, only relying upon the fact that Trump is a god damned narcisist who will do anything to look good.
Here’s the context of China’a sins against liberty and democracy.
The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies.
The document was riddled with reversals by China that undermined core U.S. demands, sources told Reuters.
U.S. President Donald Trump responded in a tweet on Sunday vowing to raise tariffs on $200 billion worth of Chinese goods from 10% to 25% on Friday.
I have a radical idea. Why not export American democracy into China and regime change them? Why, their people will shower us with flowers in the streets and their vendors will sell us the very best fried rice and Peking duck. I realize there will be collateral damage and many of your sons will need to perish, horribly, in the streets of Beijing — but it’ll be worth it. Think about all of the money we can make in China, all of that hand-wringing money.
Back in the old days, some people made fortunes selling sarsaparilla in China, ended up building grandiloquent homes in Newport, RI and entering society as people of distinguished honor. If we open China up, and I mean ALL THE WAY UP, maybe you too can build a museum styled home in Newport and live gayly like the later Ward Mcallister.
Futures are moderately lower — but a purge is coming.
For the past 10 months or so I’ve been cursing and hollering and bullying my dear members of Exodus — taking up their time with nonsensical faux moon landing theories and a sundry of recipes, which quite frankly, is both annoying and stupid. More than that, the vulgarity inside of The Pelican Room has reached an ebb that has cascaded and caused several long standing members of this fine service to email me profanities and cancel their service — greatly offended in a biblical and moralistic sense.
I’ve had some time to contemplate these rational complaints, and I’m sure many of you are expecting me to tell them to ‘fuck off’ or to go ahead and fuck their mothers or something ribald in that nature. But you’d be wrong.
See, I grew up inside of an oil field, in Central Brooklyn, in a little known enclave called “The Flatlands.” The Native Americans named it that thousands of years ago; and although the land was entirely flat for miles and miles and miles, just like the rest of the planet, they curiously never bothered to invent a wheel. But what they did do is discover oil, lots of lots of oil — and I grew up inside of those Flatland wells and heard men swear all day long, throw large wrenches at one another, and slap each other in the faces with hot mops.
This is why I am this way — because of my terrible childhood around oil men. This is another reason why I’m always trying to short oil — in a life long attempt to exact some cosmic revenge against those bastards for always throwing their lit cigars on my front lawn.
Now what does any of this shit have to do with my God damned trading room? I’ll tell you in just a minute.
I’ve listened to you all and agree — there needs to be a higher level of professionalism inside the Pelican Room. There’s a reason why every damned person whoever worked for me on the site has quit, or gone off to do other things. Bear with me as I work through my trauma.
The new Exodus will be solely focused on trades, actionable trades — such as the 15 for 16 winning streak of trades I am presently on. It will NOT include an iota of food recipes, theories on physics, politics, eugenics, family, movies, books, anecdotal stories, and most importantly VULGARITY.
A short while ago, one of my favorite long term members quit in an absolute rage — because I kept referring to the trading range as being inside of a ‘FAGbox.’ As a matter of fact, I affix the word “Fag” to just about everything and this is highly offensive. Such homophobia cannot be tolerated in this day and age. There’s a reason why after a decade on Twitter, I barely have 40,000 followers on the platform, been kicked off Facebook, tossed off and banned from Youtube etc. “The Fly” is highly offensive and not for everyone, again a byproduct of my horrible horrible childhood in the fields.
In short, my eyes are wide open to the issues presently plaguing and haranguing you inside Exodus. We are currently rebuilding the platform and it’ll come with a much bigger dick for you to fuck yourselves with and the next iteration will be splendid, bright and grande. All of these problems will soon be washed away, and we can enjoy equanimity with one another and set aside our differences and live freely and truly. I promise you that. If you have any other concerns you feel need to be aired out and leveled towards me — feel free to express yourself. This is a community after all, one that has churned and devolved over the past 12 years into a zoo of unkempt outcasts, flinging shit at one another. I will take control of all of this and martial in some resources and impose some law and order — keeping people in line — keeping focused on the BIG PRIZE of stock market winning, lambos, fancy vacations, and really large houses.
How do we resolve the present tape? It’s important to remember that we’re only going lower due to a self-inflicted wound. Agreed? That being said, the wound can be resolved rather quickly. Would you also agree?
So, naturally, shorting into a tape with a poor technical set up is sensible, only if the move lower was organic — but this is anything but that. Trump can announce a deal this afternoon and stocks will spring higher by 900 tomorrow.
It’s true, I am short via SOXS and DRIP, but they’re merely hedges against much larger long exposure.
Head into this poor technical set up with trepidation, but know and understand the cards are entirely in Trump’s hands. For now, I am not adhering to my stop losses and will consider doubling down in my trading position if we gap lower tomorrow.
