iBankCoin

Market Set to Collapse on Trade War Worries

You listen here good and earnestly.

When I got up this morning and found futures down more than 200, it gave me an extra spring in my step. Immediately, I ran downstairs like a lunatic and tossed on a pot of water on the stove. Then I whipped out a jar of Korean Kim-chi and ate some with bread. You might think that is absolutely disgusting, eating fermented cabbage in the morning. What sort of breath should one expect to have after eating such disgusting fare?

Shut the fuck up.

I’m from middle earth now and I am here because The Era of the Short has begun. Get used to eating horrible foods — merely sustaining off fermented cabbage and maybe dry nuts and a hard sausage. These are hard times now, ya here? Don’t tell me about your cryptos — because they’re dead. Don’t tell me about your tech portfolio — because that’s gonna die soon.

Trump’s plan to slap China in the face with his cock has backfired. The world order is upset and will now press the orange one’s fat head into a panini press — plunging his market lower.

Both Canada and the EU threatened to counter-punch Trump in his head, due to the proposed levies.

“We will not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk,” Juncker said in a statement.

He also said that in the coming days the European Commission will propose “countermeasures against the U.S. to rebalance the situation.”

This is causing people to freak out — especially since it’s Friday and all — forcing futures sharply lower.

The dollar is lower by 0.4% v the euro and gold is +1.3%.

Happy Friday.

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6 comments

  1. dragun

    Interesting piece on ZH as it compared Trump’s steel tarrifs against Bush W’s tarrifs back in the day. What followed was a 30pct drop in S&P.

    https://www.zerohedge.com/news/2018-03-02/2002-president-bush-imposed-30-steel-tariffs-what-happened-next

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    • Phileo99

      if that is true and History rhymes, then the next target for SPY is >>>> 194 <<<<

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  2. juice

    the last decline was blamed on the volatility trade blowing up and this one on the trade tariffs

    what will they blame the next one on?

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    • numbersgame

      Good observation.

      More evidence that this decline was NOT due to the steel tariffs, is that the Commerce Dept completed the report in January, and actually released the report *2 weeks ago* (2/16/2018), ***including tariff recomendations.*** Nucor and US Steel stocks both shot up at that time on big volume.

      This is a case of the market drop finding a reason post-decline, rather than a reason leading to a market drop. Given that, you should ask yourself, “Why did the market **really** drop?”

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  3. sarcrilege

    First a trade war and then hot war. Hot war will be discussed with the zionist snake Netanyahu next week. Nuttyahoo needs hot war like spring cleaning to combat his corruption scandal back home, Satan’s snake pit, Israel.
    https://tinyurl.com/ybww7ewn

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    • moosh

      Yawn, first remember the kind fellas at house of saud want to unload an ipo…

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