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
23,474 Blog Posts

Morning Poppers (The Oscars is Shit Edition)

Anyone see The Shape of Water? I heard it was absolute shit — the type of movie some of you faggots in the comments section would enjoy. It was about a deaf girl who fell in love and fornicated with a fucking fish-man — later revealing she herself, in fact, was a fucking secret fish too.

Go fuck yourself.

Futures are down 30, substantially off the lows. The commentary on Bloomberg and CNBC this morning is one of sheer panic over Trump’s steel tariffs, with analysts lying about China’s true impact on US markets. What they’re telling you is China only has 2% market share in the US. What they’re intentionally leaving out is the fact that Chinese steel first goes to S. Korea, or Taiwan, or Mexico, or Canada before hitting our shores. Anyone in the steel industry knows this and the talking heads are either retarded or too ignorant to do a little channel checking.

As far as trade wars are concerned, quit fucking exaggerating. For the love of God, you people make me physically sick.

Moving on, the Italian elections favored two clown parties, one led by an actual comedian in the latest salvo against establishment politicians. One could only hope for a new Mussolini to take power and restore Rome to its former glory.

The only notable mover this morning is Bitcoin — now at $11,500.

Mosaic upgraded to Outperform from Market Perform at Cowen
Vertex Pharma target raised to $200 at Maxim Group
Foot Locker target lowered to $57 at Pivotal Research Group
Intrepid Potash upgraded to Market Perform from Underperform at Cowen
Amazon is in talks with JP Morgan (JPM) and other banks about creating checking account product, according to WSJ
CF Industries upgraded to Outperform from Market Perform at Cowen

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12 comments

  1. ferd

    The effect of steel tariffs alone aren’t the point. The world sends us stuff for our funny money and anything that has the potential to upset this arrangement will affect stocks, relative lifestyles, and the timing of the inevitable reset.

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    • sarcrilege

      Hopefully we can finally get that price and wage inflation going, not the fake CPI, to justify Powell’s interest rate hikes, leading to the much anticipated and inevitable financial reset.

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  2. infinitezuul

    I wasn’t able to stay awake much past the unfunny opening monologue by unfunny guy Jimmy Kimmel… speaking of which – someone has some dirt on that idiot. He did used to be funny. Now he’s a crying, lying, virtue-signalling moron that only other morons – trained to clap their fat sweaty hands at not too clever political jabs – like.

    Anyway, I’m surprised those actors from the Parkland Shooting didn’t make an appearance. That would have been hilarious.

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    • reversion

      I’d like to welcome Donald trump to the comment section!

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      • infinitezuul

        I am not Donald Trump.

        I am a black left-handed atheist trans disabled muslim with a very serious speech impediment and i weigh over 600lbs.

        You just injured me with your words and will now be going to jail.

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    • sarcrilege

      That’s how entertainment rolls in all communist enclaves of past (soviet union, eastern block) and present (i.e. marxist/communist China and USA). You gotta walk softly as not to trigger the police of political correctness and marxists at large.

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  3. mushroomz

    If China stops doing business with the US they die. What do you think is going to happen ferd? Whatever the tv tells you?

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    • ferd

      “stops doing business” Where do you get that? Stop thinking in absolutes. …and learn how to ask a question without being a douche.

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      • mushroomz

        China has more to lose in a trade “war”. USA has great negotiating power and Trump is using it.

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  4. indie

    ROFL

    idiots

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  5. one-eighty

    So Mullet Man has declared war on his Allies. And you sycophants think this is a good idea.
    Bunch of lemmings.

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