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
19,895 Blog Posts

Falling for the Trade War News Is a Rookie Move

I have to head out now, still entertaining my mother who is here for a duration of 3 weeks. I bought a slew of stocks today, mostly in biotech — without reservations or thirst to hedge, mainly because I do not believe Americans should sell short her stocks ahead of National Festival. Frankly, and this goes without saying, it is unpatriotic, seditious, and the acts of barbarous men.

I will not lower my standards for the sake of profit. My motives are clear, to make money at all times — but I do draw a line in the sand barreling into Turkey and cranned berry sauce day. Only the mind of a child would surmise it to be a ‘good idea’ to sell short now. Let it be noted, “The Fly” is the adult in the room.

Stocks are rebounding sharply after FAKE NEWS reports of another ‘snag’ in the US-China trade deal negotiations. As such, I expect a full recovery, and so much more.

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11 comments

  1. numbersgame

    MU down almost 5% the last two days – despite the fact that Huawei, one it s prime customers just go another 90-day extension.

    Treasury prices up
    Yen broke below a 2 month lower trend line.
    VIX up.
    Seneate passes Bill to reveiew Hong Kong’s preferential trading status., and China promiese retaliation if the Bill becomes law (the house will pass it, and 100 senators can easily overide a Trump veto).

    All negative trade deal news: “fake news, buy the dip”.
    All positive trade deal news: “Great, should see a deal any day now…”.

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  2. it is showtime

    no.

    record.

    hi’s

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  3. soupbone

    The answer lies in the earnings. If the markets are predicated on Trump or any single issue in general, that is not a leg to stand on. Those sorts of views are best directed following a harrowing event not before one.

    Don’t like the atmoshere right now one bit.

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  4. helen

    Trump will resign within a month from the pressure from his own party! Why is the market, not even a little, concerned by this?

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