I took on an emotional trade today and they sometimes work out for me. On the whole I chopped myself to pieces, losing 1%. I ended heavily short, but long oil via ERX based upon this fucking moronic comments.
BIDEN CALLS ON OIL COMPANIES TO HALT BUYBACKS DURING WAR
BIDEN CLAIMS US WILL BUY BACK OIL TO FILL UP SPR BELOW $72
BIDEN TO RELEASE ANOTHER 15 MILLION BARRELS FROM SPR
Basically he’s a giant piece of shit. Oil isn’t even expensive and he’s all but demanding that producers step up “during war” to drill more, at the same time he works tirelessly to destroy the industry and promises to RIG prices lower via depleting American reserves. The fucking balls on this senile demonic cocksucker is unreal. This isn’t coming from a partisan point of view, so don’t think I’m ready to support a GOP cocksucker either. I hated it when Trump intervened in markets with his stupid tweets and I hate this shit too.
Net net, forex markets reasserted danger today, and bonds got hammered. We are seeing 30yr fixed mortgages at 7.22%, auto loans 8% APR and we have +150bps of Fed hikes on deck.
If you’re bullish here, you should be in jail. Markets are down drastically, I get it. The Chinese Dragon index was down 7% today — because we hate China. It’s all coming to a head and I also see that overwhelming bearishness might be reason to hope and pray for a dick-sucking rally.
Fight the Fed, why don’t you? Let’s see where it gets you and let’s see how fortunate Jim Biden is with his demands to Texas to drill more so that he might get more of his left wing lunatics voted into office this November.
I CANNOT HATE THIS MARKET MORE. IT IS NOT POSSIBLE.
Month to date, I am +3%.
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B E L I E V E
Sure. Fly. On the one hand you have all relevant facts, truth & reason, basic reality of the situation, justice, arguably even human decency, and all the other meaningful points and arguments saying being long here is stupid…
But on the other hand is just plain faith.
Right, gotta have faith in something. Like a dog knowing he’ll be fed. This game or dream that is life will keep moving along with or without you. Can’t fight it, it’s not a horror movie we’re in. Truman show
Buybacks, and dividends are also frowned upon in time of war. Apparently, hydro-carbon resources are found largely within Republican dominated states, yes?