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
19,700 Blog Posts

And Up We Go Again

It was a coin flip and here were are pushing +200 like yesterday never happened. If you’re trying to short the market, you ought to take out life insurance first — because this type of pin action is going to give you a heart attack.

Citi think a trade deal isn’t happening any time soon.

Trade negotiations between the U.S. and China broke down last month.

Investment bank Citi said on Wednesday that it sees “no deal before the 2020 US election.”

As the trade war continues, Citi expects U.S. economic metrics, such as consumer fundamentals, will “likely deteriorate further.”

No one cares.

Old man Greenspan is out with commentary, suggesting the US is heading towards negative rates.

No one cares.

Stocks are gleefully swimming higher. Shorts should be covered, hedges closed out. The FAGBOX is intact and we’re racing towards the top end of that range. Moreover, you should assume we’ll break it and establish a new range to the upside.

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8 comments

  1. The_Swede

    LeFly. Would you advise remortgaging a house now, or waiting?

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  2. acehood

    Assume we’ll break it? Why?

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    • numbersgame

      Because he can cahnge his mind tomorrow?

      Anyway, I shorted ROKU at $167.40

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      • biggranddaddy

        You heard the fly…you need insurance,like a long call,since Riki is gonna keep going up

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  3. bob smith

    No chance whatsoever that China will ink a deal with Trump before the election. They know that they can only do better after the election and that waiting till at least then will tank the US economy and result in concessions when trade agreement is finally reached in 2021. Two wins for waiting, nothing to gain by inking a long-term agreement now with an unpredictable crazy man.

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  4. it is showtime

    That was the logic from the beginning. As some of us said. Along with clearly-paired synthetic us index piggyback pumping.
    As some of us said.

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