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
19,840 Blog Posts

REPORT: WE’VE GOT A FUCKING TRADE DEAL FELLAS

Unsure if this is total bullshit, but it looks like Trump got a ‘partial deal’ that enables him to call a truce, which might mean a cessation to the tariffs.

I sold PRTY for a +12.5% gain and FAZ for a 3.8% loss. I am now allocating to the long side with my 40% cash. I won’t spend it all, but I like this fucking vibe.

WISH ME LUCK!

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7 comments

  1. acehood

    Sell the news, pal.

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  2. numbersgame

    “agricultural concessions” for “tariff relief”? As in “we’ll buy food so our people don’t starve and overthrow us”?

    If true, Trump folded like a lawn chair.

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    • flea

      Tariffs still in place (only increase on hold). Trump forces China to demonstrate whether they are good on promise or not. What was lost?

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      • numbersgame

        I was posting based upon the rumors. In reality, with Dec tariifs still in palce, nothing lost, nothign gained.

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  3. s.k.

    They’ll spin it as a trade deal but it appears to be nothing more than the last time the ChiComs said they’d buy more soybeans in exchange for a freeze on tariffs. How’d that work out then?

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  4. mvenezia

    Isn’t that where we started? They were buying our soybeans without tariffs 2 years ago. Am I missing something?

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  5. bambam

    It’s almost like the PPT called the bottom…

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