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
20,329 Blog Posts

Snagged Another Whale; Eagerly Awaiting Strong Bounce After Unemployment Sad Face

Unemployment claims came in at another 3 milly, placing a total of 36 million Americans directly into the shit-box since March. On this news, stocks went down, shockingly. We were off more than 300, now just 180. The way this is supposed to work is Main Street suffers under the weight of champagne bottles delivered to Wall Street.

Yesterday on Twitter, RIP Capitalism was trending. I found most of the tweets amusing, all bedraggled Communists with a RED AGENDA. Here on Wall Street, we simply produce MOAR gains in order to finance extravagant lifestyles — the American way.

Oil is up more than 3%. Goldman says it’s going back to $65. I see no reason to panic — yet.

Here were today’s overnight gains.

NVUS +44%
NVUS +15.3%

See pal, that’s who I am and you’re nothing.

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14 comments

  1. Po Pimp

    Oil will never go down again until we hit $100 or 100% unemployment whichever comes first.

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  2. rickyretardo

    Anyone playing the rumor on OPK?

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  3. edge

    Had a good morning but now- not feeling it. Watching.

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  4. heckler

    Get fucked Fly ??

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  5. heckler

    You pussies buying stocks here??

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  6. fxtradepro

    The broader index’ have sweat off some big IV discounts in the last 2 days. We bounce soon. Picked off some mining stocks knifing lower off the open, now higher. Nothing can stop metals from here, save for Covid-20 and gargantuan sell off in equities – not gonna happen.

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    • heckler

      You should no look just buy banks they are rallying

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    • purdy

      Yeah. I was surprised by PMs and miners’ strength in the face of overall mkt plunge. Does anyone know how gold and silver performed against the sestertius when Rome fell?

      Long MTA

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  7. purdy

    above 21.40 USO may squirt.

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  8. spaceman

    I BOUGHT 4 MORE GOLD EAGLES NOW I HAVE 22 IN VEGAS AND 20 MAPLES IN SINGAPORE ISN’T THAT FANTASTIC!!!!!!

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