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
23,431 Blog Posts

Constanza Trade is On: Stocks Rip Higher on the Very Worst of News

Classic Wall Street, finding the silver lining n anything at all. We could have a mushroom cloud over DC right now (God forbid) and someone, somewhere, would bid up stocks based on the notion of an easy Fed policy. This is exactly what we’re seeing early going — straight up.

More than that, SAAS and tech are leading the way, while the commodity trade takes second fiddle. The idea of gold, oil, and stocks in quicksand almost immediately turned into a buy the fucking dip moment, with traders leveraging up their accounts to find bargains.

Is the market wrong?

The market is never wrong. It all depends on your timeframe. I went to cash and locked in a 1% gain for the session. I was hoping for 5x that amount but all of the commodities faded and my shorts quickly started to lose luster. I am not playing this bounce — only because I am stressed the fuck out and prefer to not increase that stress by being long in what I view a ‘stupid rally.’

Perhaps Kiev is sacked by the weekend and maybe this all goes away like some sort of lucid nightmare. For all the talk, I very much doubt Europe could survive another winter without Russian energy, no matter how many windmills they build.

If this were 3pm, I’d likely take on shorts and long commodities.

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7 comments

  1. trumpmeister

    Will resume its crash in a few hours as Xi readies his military to take over Taiwan and the other Asian peninsulas.

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  2. indie

    war is bullish USD

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  3. purdy

    …and the denarius ..er dollar ..is surging

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  4. tradercaddy

    Some pretty hot looking Russian Female (no Tranny) Officers.
    Just an observation.

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    • dchanko

      of course you meant to say hot looking Russian people who menstruate (no Tranny) Officers.

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  5. dchanko

    the RT.com website is gone down.
    Now I wonder what country that is a ‘bastion of free speech’ took down that site .. hint it wasn’t Russia

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  6. bob smith

    Your stress will go down as soon as you recognize and accept that you’re not “all that.” It’s ok, you’re just human and that’s ok.

    You’re not what you pretend to be and that ok too but that is what’s causing all of your stress… i.e., you’re not measuring up to your pretend self.

    Summary, stop puffing yourself up for your own beleaguered self-importance and your stress will go down… with your pretentious ego-centric self-portrayal.

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