Late in the day the LA Times reported that the order to STAY AT HOME had been issued for another 3 months. Markets did not like that and we fucking careened lower immediately afterwards. I did not react quickly, because, frankly, I did not believe it was true. If it is true and something that perhaps will be replicated throughout the country, we are 100% fucked.
Before this news hit, I bought a half dozen stocks, all of which went lower. To hedge them, albeit late, I bought two inverse ETFs, representing 10% of my holdings. Most of my holdings are healthcare, virus related, so there is an outside chance markets will collapse and they’ll still trade the fuck higher tomorrow. Worst case, I get stomped out and try again. Not a big deal.
When you have tools and skills to manage through any type of tape, nothing is insurmountable.
Dow closed lower by 450, crushing the spirits of bulltards everywhere.
NOTE: Dare I say, get your COLLAPSE Ts and Merlin mugs at the iBC merch store now.
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I sold just about everything this AM. Nothing was making sense so I got out.
Decided to ignore the tape then checked it out about an hour ago. Bought some inverse 3x. Not alot.
75% cash. Still have gold and natural gas calls, January expiry.
Really? Nat Gas calls.
Yep. I need some wells to get capped.
Who gives a shit.
Helpful California legal advice
Crime: operating a business
Not a crime: Stealing $900 a day or less; Knowingly infecting someone with HIV
As stated before your server crashed, I followed the plan and bought the panic at 6PM and sold out at 6:08PM for a very solid profit.
It was absolutely beautiful.
What if Trump’s launched multiple wars in the mid-east and North Africa like your hero? …and tortured, maimed, killed millions of children, women and men? Would Trump have gotten away with it? You seem like a smart enough guy …get over your victimhood.
Again, what victimhood?
The way I always see it, Trump is just the most recent turd blossom (thanks Karl Rove) of the remaining white supremacists and their allies.
My objective is to speed up their demise so “liberty and justice for all” will sound less ironic to my children and theirs.
We keep going back to the same repetitive arguments in the last few years so at least I aim to be succinct.
Again? Don’t think I’ve said anything about your embrace of victimhood prior to now. Anyway, I’m all for liberty and justice for all …although we may have very different ideas as to the meaning of these terms.
I don’t know if Trump is a white supremacist or not, but I do know that he has served as a tool of supremacists like Sheldon Adelson and Netanyahu at the expense of brown people …and, unfortunately, I can’t say the Obama didn’t do the same friggin thing.
The word “victimhood” has been one of the recurring vernacular staples in my past conversations with Fly and/or his alts along with a few others. I still don’t know what you/he/they mean by that since I don’t consider myself a victim at all.
And I don’t know if Trump is a white supremacist either, that’s why I call him a “turd blossom” (again, a term from the Karl Rove era) because he thrives on the forces of white supremacy–it’s clear that he despised the white supremacists until he needed to use them for his own purposes.
So there’s no bothsiderism as far as I am concerned. Either you are with the domestic terrorists (the 50 millions who still consistently vote GOP) or you are not. And it shouldn’t irk you so much if you aren’t one of them.
So it’s all about labels? D or R? Maybe you’re not as bright as I once thought.
As of 2020, absolutely.
And also, while you and so many other were distracted by nonsense like hotel rents, Trump trashed the Iran deal and trashed nuclear agreements with the Russians. What the fuck????????????????????
Hello? The whole point of bringing up the outright corruption is to highlight the grotesque hypocrisy of “the right” (as they would have dragged Obama to the guillotine if did it).
You’re hopelessly distracted by YOUR issues.
Millions killed, maimed, displaced!!!! $Trillions transferred to the already asset-rich!!!! All under Obama while you cheered.
Now how much was that room at the Trump hotel?
While I check on that, this is only the first two weeks of 2018:
A report out today from Public Citizen details how foreign governments, corporations and trade associations have been patronizing Trump’s properties since he took office. You might say, “Well there’s not necessarily any quid pro quo there,” which is true. But it’s also true that everyone knows that Trump is a man of uncommon greed and pettiness, and if you’re coming to Washington or holding an event, you might as well line Trump’s pockets while you do it, whether you’re the government of Saudi Arabia or the American Petroleum Institute, as a gesture of good will that might pay off later. As an Asian diplomat told The Post right after the election, “Why wouldn’t I stay at his hotel blocks from the White House, so I can tell the new president, ‘I love your new hotel!’ Isn’t it rude to come to his city and say, ‘I am staying at your competitor’?”
A review by BuzzFeed of all Trump Organization condominium sales since the 1980s shows that 1,300 sales totaling $1.5 billion were made in cash by anonymous shell companies. “Those two characteristics signal that a buyer may be laundering money, the Treasury Department has said in a series of statements since 2016.”
According to an investigation by USA Today, “President Trump’s companies sold more than $35 million in real estate in 2017, mostly to secretive shell companies that obscure buyers’ identities.” The use of these shell companies exploded once Trump became the Republican nominee for president. “In the two years before the nomination, 4 percent of Trump buyers utilized the tactic. In the year after, the rate skyrocketed to about 70 percent.”
Eric Trump has repeatedly claimed that his foundation, recently rechristened “Curetivity,” is able to hold fundraising events at Trump properties for free, but as the Daily Beast reports, this is false. In 2016, Curetivity paid Trump properties nearly $150,000, meaning that if you went to a charity golf tournament the group held, part of your tax-deductible contribution went into the president’s bank account.
McClatchy reports that foreign governments in places such as Indonesia and Panama have suddenly become eager to accommodate Trump properties, doing things like building roads and sewer systems to maximize the value of a property. “And in other countries, governments have donated public land, approved permits and eased environmental regulations for Trump-branded developments, creating a slew of potential conflicts as foreign leaders make investments that can be seen as gifts or attempts to gain access to the American president through his sprawling business empire.”
That’s just what’s been reported in the past two weeks.
I’m still looking up the Secret Service grand total he charged the taxpayers, but the most recent golf-related tally is $133,000,000 ($133 million) per Trump Golf Count.
So it looks like that particular bill was $33,154–says a lot about the kind of cheap pikers the Trumps are.
purdy: I don’t know why you waste so much of your time on this subject. White people don’t give a damn about browns and neither do the blacks. Condy Rice, C Powell, Ely Wiezel, ….
During the war between Iraq and Iran Henry Kessinger wrote in the NY Times ” It is in our interest If those two countries kill themselves”.
Of course you know that Condy Rice, Susan Rice …and their ilk, don’t speak for all blacks …no more than Kissinger and sainted victim industrial complex whore Wiesel speaks for all Jews. Generalizing by race, tribe and such is something that I will forever piss in the wind against.
Amen to that
Markets collapsed when the Fed started to suck up High Yield. Powell at 9AM Est. tomorrow AM. Be there.
markets skittish tendancy has been muffled, could be anything.
Went through all $10billion+ mkt caps stocks today for new short candidates. Anyway, after trolling Number a few times in the past, justice demands that I mention that his EBAY pick – from back when the world was believed to be at end – has outperformed nicely.
Here is a discussion between two actual journalists …who politics I do not share but who’s integrity I respect. https://www.youtube.com/watch?v=WRoTGlQ4JMA
Twiddle you’re diddle
Unfortunately the Blue State Communist Coalition will cause it’s citizens to breech their walls and move into the Free Red States of America.
The only ones left will be the ruling class, political class and welfare robbers.
The political debates here are completely mystifying. They make no sense. You people have lost your marbles. Reading them, one can only conclude that your country is beyond fucked.
If you’re looking at America from Europe, think how things would be like if the AfD neo-Nazis took over your continent.
I think I speak for a lot of people on this site who are sick of hearing about “whites” or “blacks” or “the evils of the Jews having a state” etc. We have had ENOUGH.
Politics should be relevant here ONLY as they pertain to relevancy in the markets – which is why 99% of us are here (as well as fer Cap’n Fly’s humorous prose).
If you guys want to talk ethno-politics why don’t you go to some other racist website that is obsessed with that garbage and leave the rest of us OUT?
Another fucking victim. Another person who reads things that were not written …and then whines about what they imagined was on their screen.
I’ll occasionally respond to nonsense like your …but for the most part I do refrain. Have a nice day.
You are both faggots that should drink massive amounts of bleach to help the world.
Drink bleach is what your Fuhrer told you to do.
Pirate, I do believe that you speak for a lot of white guys with money to invest who think things are fine just as they are… very few people will vote for fairness over their own self-interest, and it’s a lot easier to ignore problems that don’t affect you.
Nope, just a bunch of pikers who want free stock tips and will end up losing whatever cash advance they have on their credit cards.
Went back long sub-2850. The selling momentum was weak.
We don’t give a shit. You are a MORON. Nobody cares
how YOU misplay the market.
Misplay? I just closed out the position for a 10-point gain. It could have been way more if I did it in the 2870s.
Admit it. You’re really jealous. Only losers call it a rigged game–you don’t know how to play it.
He’s right though. No one gives a shit.
And I likewise don’t give a shit who does or doesn’t give a shit. You dig?
Flys comment section has turned into a bunch of faggots that should be removed from society.
Yeah, you go first faggot.
Narcist is upset due to his racist demographic change not working out. LOL.
A-ha-ha. You’re clueless as usual. We’re well on track to flip the last Atlanta-area district in November.
It’s your Fuhrer who’s doing a lousy job steaming the tide.
Very much so. Same is playing out in a bunch of suburbs.
Oil goes up every day, that is not a sign of imminent collapse.
Oil is hurting, and Powell just said we’re fucked.
Run up that deficit, way up, or crash harder.
We’ve shut in 20% of production just to try and get back $30, and GDP estimates are still dropping.
10 year yields being hammered, globally.