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
23,419 Blog Posts

Everything is Sold Down as Russian War Jitters Continues

Just when I thought Russia wasn’t going to attack there are reports the Russians are building a field hospital near Ukraine.

Couple that with the fact that no one can verify actual Russian withdrawal from the area, we have a game of chicken and perhaps deception taking place. Would the Russians really lie about invading Ukraine in such a manner that would make their word useless in the future? I don’t expect them to tell us if they were or not, but perhaps saying nothing would suffice. Maybe a SURPRISE ATTACK when everyone expects it? I don’t see the logic in this anymore. Nevertheless, we have markets on edge and oil and gas prices elevated.

I entered the session +130bps now sit with losses of 70bps after a swift drawdown in my oil stocks. The equity portion of this oil trade isn’t doing as fanciful as the commodity today; hence the drawdown. I would prefer to make money on days when the underlying commodity is up and I understand nothing can go up forever — BUT FOR FUCKS SAKE THROW ME A BONE YOU COCKSUCKING PIECE OF SHIT MARKET!

The White House is non stop with their RUSSIA IS GONNA ATTACK SOON rhetoric and it’s all so very tiring. The war hasn’t even begun and I am fatigued.

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2 comments

  1. mad marsupial

    I’m buying Personnel Carriers, Tanks, Aircraft Carriers, MREs with hot sauce, oil, gold and Putin T-shirts.

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  2. irma vep

    Take 10 and put on Julie London Cry Me a River. Seriously.

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    • 0 Deem this to be "Fake News"