Why is oil below $50 today, down by more than 3%? Some argue that Trump tricked the House of Saud into fucking themselves. Others believe it’s forecasting a very weak Chinese economy. Whatever the reason for it, let me remind you that there are HUNDREDS OF BILLIONS in oil debt — fuckers who borrowed money to dig holes in the ground — hoping their team of geologists have the faintest idea of what they’re doing.
Truthfully, and this goes without saying, the market cannot go higher with oil so weak. We’ve become accustomed to seeing oil go up when growth is strong. This can only mean weaker than expected China. Maybe a US-China trade deal can reverse this tide; but I warn you against such pollyanna thinking. It may be too late. We might’ve already fucked ourselves, so severely, so monstrously, that stocks have no choice but to trend lower.
I will tell you this, very quietly: next week is the most important week of the year for stocks.
The brand of Trump is on the line. Do you hear me fuckers? He must close a deal, else all is lost and we’ll be vaporized into sub-atomic particles.If you enjoy the content at iBankCoin, please follow us on Twitter