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
20,318 Blog Posts

MARKET RAMPS FURIOUSLY AFTER TEXAS RAILROAD COMMISSIONER TWEETS ABOUT OIL SUPPLY CUTS

What a fucking day.

Trump pumped oil markets with a tweet, which was later denied by the Saudis. Then markets faded like a motherfucker, losing a 350 point rally, only to rally up again after the TEXAS RAILROAD COMMISSIONER offered this fucking tweet.

On that news, markets lifted off and oil ran up 10% from the afternoon lull. You have to be fucking kidding me. I’ve seen it all.

Today’s results.

AMPE +9%
APRN +10.6%
SOXS +8.7%
FAZ +4.6%
LAKE +2%
(NBY -13.8%)
(BIMI -4.7%)
(AHPI -7.4%)
DYNT – wash
MEDS – wash
PUMP +16%
NUGT +12.5%
CLR +1.5%
(PTON -7.9%)
(APA -7.8%)
(NOV -6%)

Into the bell, I went short real estate, oil, and small caps. I am long gold and consumer staples, positioning for a Friday collapse. Anything can happen and the news is now important to juice markets. I sense the oil markets are now the most important for the market, so look for real chicanery to come out of OPEC and Trump the next few days.

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41 comments

  1. traderconfessions
    traderconfessions

    It’s all ACOS… A Crock O Shit… Why would anyone place a bet based on what President Pinocchio says? Rather wipe my ass with money.

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  2. it is showtime

    DDD EEE . FFF LLL AAA TTT III OOO NNN
    DDD EEE . FFF LLL AAA TTT III OOO NNN
    DDD EEE . FFF LLL AAA TTT III OOO NNN

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  3. tradercaddy

    He is the Texas Railroad Commissioner. You would think he would have something to do with box cars and cabooses.
    Now you are going to tell me the Texas Health and Safety Commissioner is in charge of roads and prisons.
    No wonder why everybody in Texas has to be locked and loaded.

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  4. mad marsupial

    It will be interesting to see what oil does when producers run out of storage. Many analysts think that will happen sometime towards end of May. They can’t cut enough daily production to prevent that from happening.

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    • peaches

      the human stomach can expand to around 1 quart in volume. About 60 million clowns voted for Trump. That’s over 350,000 barrels of oil capacity.

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      • ericbakerbruce

        so the cock gobln is saying that he’s swallowed a quart of semen.

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        • peaches

          you imagine so much man on man action on a daily basis bro its wild.

          all the schlongs getting slobbered on. you think about it all day long.

          errriccccccccccca

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  5. s.k.

    The good commissioner appears to be the most powerful man in the country at the moment.

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    • soupbone

      the good commissar

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    • narcist

      Quite sure there were plenty of criminal shenanigans behind the scenes to be investigated if there was a functional CFTC/SEC.

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  6. og

    Hope nobody was long Luckin. Some wild shit.

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    • chickendawg

      Wild is certainly an understatement. I’m guessing Jian Liu is no longer alive.

      • 0
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    • 1russianguy

      I was, still am, luckily small % of my folio

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  7. ericbakerbruce

    Peaches – Carry on with the never ending whimsy, stupidity and general douche baggery that you pollute this board with.

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  8. Mr. Cain Thaler
    Mr. Cain Thaler

    Well I…did not see that coming.

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  9. traderconfessions
    traderconfessions

    The price of oil is the least of out country’s problems.. unless one is in the oil biz. I’m more concerned that the fate of lives is in the hands of Jared Kushmer who is a serial failure. Get Langone or some other kick-ass dude who knows how to get things done…

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  10. heckler

    DILDOS ARE NOT ESSENTIAL ITEMS

    https://youtu.be/3BWQj2-8t8s

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  11. numbersgame

    We’re now in the 1000+ US deaths per day zone. This is expected to last for another 5 weeks – if we are lucky. Take a look at this cahrt if you haven’t by now:

    https://covid19.healthdata.org/projections
    All of these predictions are based on the Death rate, which is tending on the upside. Does that curve look like a good to your eyes? Your eyes aren’t lying.

    The sneaky thing is that the cahrt is updated daily, so if you look at it once, it looks like we are still on track. What is *really* important however, is how the update has cahnge. Now take a look here: http://www.healthdata.org/covid/updates

    As yo ucan see, the Total National Death update has increased by ** 20% in 1 week**. Also, since we have less uncertainty as we go, the range has narrowed (so the maximium expected peak is lower, but the minimu expected peak is higher as shown by the dotted lines). What’s more important to note is that even the average peak is moving up and to the right, impying that we are in for a longer and worse epidemic than expected just 7 days ago.

    So bulls should be asking one question: Do you feel lucky, punk?

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    • numbersgame

      The reason that the moel is gettign blown out is relatively simpel: garbage in, garbage out. While the model may be sound, the **assumption are not.** Unless we ahve police on the street, the US will NEVER acahive the kind of lockdown / social distancing that has occured in the South Korea and China.

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      • peaches

        Freedom isn’t freee!

        It costs folks like you and me…

        And if you don’t pitch in your buck o five….

        Who will?

        Ohooo buck o five….

        Freeedom costs a buck o fiiiiiiive

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    • alty

      Did we have 1000 deaths yesterday or 926? I thought numbers meant something to you.

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  12. numbersgame

    On Mr. Sutton: https://www.bloomberg.com/news/articles/2020-03-22/it-s-not-the-first-time-opec-has-pulled-up-a-chair-for-texas

    It will be interesting to note waht has changed in the last two weeks since he first proposed to Russia and Saudi Arabia that Texas cut its oil production by 10%. More interesting is from waht level that 10% is taken, since I’m quite certain that US oil production is already dwon more than 10% from it’s peak in January, by no choice of it’s own…
    https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

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  13. numbersgame

    Payorlls: expected -100k
    Actual -700k

    The rally sprung a leak
    DRIP, DRIP, FAZ..

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    • numbersgame

      https://www.bls.gov/news.release/empsit.nr0.htm

      Unemployemnt:
      Previous: 3.5%
      Expected: 3.8%
      Actual: 4.4%

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    • numbersgame

      ” Coronavirus (COVID-19) Impact on March 2020 Establishment and Household Survey Data

      It is important to keep in mind that the March survey reference periods for both surveys predated many coronavirus-related business and school closures in the second half of the month…March 8th throug March 14th.”

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  14. sgdw

    [ Work At Home For USA ]
    My last month paycheck was for 1500 dollars… All i did was simple online work from comfort at home for 3-4 hours/day that I got from this agency I discovered over the internet and they paid me for it 95 bucks every hour………Read More

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