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
19,850 Blog Posts

STOCKS OBLITERATED INTO THE CLOSE

Trump’s trade war took a dark turn for the worse. More than that, QE4 is getting people nervous. More than that, impeachment is just around the bend. More than that, we’re in October — the month designed by the simulators to crash markets.

I took three losses today and added a bunch of stocks to the mix. Cash is 25% without any real hedges. My only counter equity position is a leveraged bond ETF. Frankly, I’m spit-balling into a volatile wind from the east.

Should I give up and go short?

BAD MOVE.

QE4 is ultimately bullish.

Nevertheless, we’re in a mood now and most of you will just have to ride it out. I’ve had poor experience shorting into the hole, so I am refraining from doing so. As for gold, it looks good, but not great.

Better luck tomorrow.

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21 comments

  1. roguewave

    “When something gets crazy; it’s not going to revert to the mean. It’s going to get crazier first.
    Bill Fleckenstein
    https://www.youtube.com/watch?v=QqkHipvOB4Q

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  2. it is showtime

    +1.4% friday, ppt

    mon tue
    -.3
    -1.2

    You fuckin. LOSE! ppt.

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  3. og

    This administration sure isn’t acting like it wants a deal. Maybe I’m wrong and Trump is just playing 4D chess again…

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    • macpatton

      4D Trump

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    • ericbakerbruce

      Too early for a deal. Chinese think they have trump on the ropes, but he won’t give in. If he has to wait until next year, say around September, then he’ll make a deal…on his terms. He doesn’t give two shits or not if he is President for a second term. He’s childish and vindictive, but I’ve really grown to like him (thanks to the media trying to convince me that I shouldn’t like him).

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      • dragun

        Dont kid yourself he wants a second term.

        Striking a deal at Sept will not happen if at all the Chinese will wait him out and take their chances

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        • soupbone

          China can wait another four years if needed. Cut to the chase and make a deal.

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      • og

        but I’ve really grown to like him (thanks to the media trying to convince me that I shouldn’t like him).

        What a dumb reason to like somebody. smh

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        • ericbakerbruce

          Not dumb at all. I like anyone the media hates, except of course serial killers. But the media even seems to have more respect for the degenerates of society than for the person elected President. Not sure what smh means…suck my hose? Smell my hippyass? Fuck off though.

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      • WrongView

        Of course he wants a second term. Obama got two. He doesn’t want to be a loser like Bush 41 or god forbid Jimmy Carter.

        And he sure as hell doesn’t want to be prosecuted.

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    • MSGT HARTMAN

      Who wants to make a deal with a country that uses slave labor and 9 year old children to work in their factories? Answer: Tim Cook.

      Why can’t the bastards make a swing set that doesn’t break in two sending Johnny into the neighbors yard? Tools that rust out within a year. And everything shipped is sprayed with formaldehyde so it doesn’t mildew.

      And to top if off they can’t even make a good copy from our inventions. (The Japanese and Germans are masters at that).

      Enjoy.

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      • soupbone

        Sarg the quality is OK from quite a few facilities now. Trick is which facility. Like Japan they are quick to learn.

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      • skalliwag

        They also ship tons of fentanyl to the US killing 50,000 people a year and renege on every deal they make (see Hong Kong). You can not and should make a deal with thugs.

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  4. ferd

    Re Trump and media …one thing is certain: After 18 years of the media not showing Americans the horrors of our many wars (as they did during Vietnam), we WILL be shown moving pictures of the horrors (both made up and real) that happen in Syria if Trump finally follows-through on his campaign promise and withdraws.

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    • numbersgame

      The US will be sad for a minute, but not care for more than a week as long as it isn’t US soldiers or white people dying.

      Even now, the media and political emphasis is not on the fact that a lot of Syrians civilians will suffer and die, it is o n the fact that we are betraying our ally (SDF) and it may be bad for the US’s fight agaisnt ISIS (self-interest).

      Look at Yemen now for the latest example of this. It’s American made hardware causing most of the death there.

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      • ferd

        Agree …except that people don’t care all that much about our soldiers either.

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