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
22,418 Blog Posts

THE END NEARS

The summer of SAAS you all enjoyed is fast coming to an end. The Champagne is getting stale and the cocaine is losing its potency. The ribald gains you’ve enjoyed will soon be paired with a dagger to the eye socket.

The war in the Ukraine is getting worse…for NATO.

The bitter coldness of winter is just around the bend, threatening the existence of the poors in Germany.

The artificial run down of oil, thanks to the release of the SPR, will not last and America, fat lazy and stupid, will be left without reserves and oil will be $150 bbl.

I positioned bearish into the close, long some oils and defensive stocks — but shed 23bps thanks to an errant WEBR trade that spilled over into losses.

You have enjoyed yourselves the past month or so, almost feeling as if the bear market had ended. You were happy, slovenly, and comforted by gains. All of that, Sir, is about to end and with it comes loss, regret, and tragedy.

Have a nice weekend.

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8 comments

  1. Cricket

    USA supplying Ukraine with medium range missiles. Ukraine trying to blow up a nuclear plant in Donbass that is 3 times the size of Chernobyl. If they succeed, radioactive clouds will spread across Ukraine to Poland and across Germany. Russia may as well start using tactical nukes at that point, nothing to lose.

    Pentagon always hoped they could use their tactical nukes. Looks like they may get their chance.

    Doesn’t look good for Europe at the moment. Plague and pestilence coming.

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  2. roguewave

    Our paper pushers think the SPR is just another number they can manipulate without consequence, And they can, at least down to zero.

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  3. purdy

    Y’all might could be a tad early on oil …SPR will be continue to be drained for over a month and oil should, at least initially, crack if the market cracks here.

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    • moosh

      Pendulums always swinging… but agree lower bbl before higher, unless aliens, or nuked like NY has prepped the plebs for recently.

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    • moosh

      Purdy, what are your thoughts on au? It’s the lagger here on the pm, bounce wise. Also, have you checked out LENR tech in the energy space lately

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      • purdy

        I have a bunch of long-term gold …which hasn’t been a great. If you’re talking about AU the stock, I try to avoid South Africa (even though I like that they didn’t kiss the ass of our idiot Sec of State on his recent visit).

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        • moosh

          Thanks – yeah, not a gold bug here but like to dabble. Interesting about South Africa…seems the logical ideas are being dismissed, but in the meantime, here is a stupid idea that tastes like cotton candy. Make sure everyone everyone doesn’t question anything and get fentynaled up first

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