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
23,474 Blog Posts

The Market Isn’t Really Up Today

Just 51% of stocks are up today, with marked weakness in commodities and tech. In other words, despite what the indices say, we’re really down today. Many widely held stocks are weak, including some of mine. As the day progresses, tech falls into “QWICKSTER MURDERHOLES.”

Don’t worry about me, pal. I’m in the high income tax bracket, paying for all of your food stamps. If I lose money, I will simply chalk it up to “paying my fair share”, fully supporting the communist regime in America.

In summary, I sold out of TLT, added to VMW, LCC, CIEN, AG, MU and LCC. For the day, I am barely up, grossly underperforming the broader indices. To be fair, I am underperforming HD, but fantastically outperforming shares of NFLX.

True to the game and consequences, I am going into Le Fed day with a 70% long position, reserving 30% cash for market calamities.

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35 comments

  1. KIng KOng

    Tht Bernanke dude better come up with sumtihn big tommorow or im gonna b visiitng his home with my gold AK’s

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  2. alf44

    AAPL candle shaping up to be a text book…

    … “Bearish Shooting Star” !

    Could this be the “Top” ?

    Me thinks … maybe !

    .

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  3. publishedname

    Good, I look forward to my increased Obama food stamps. Thank you

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  4. big snacks

    going long nflx here

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  5. futures

    Well fucking ben bernank on a raft murderholes abound in this fucktarded tape

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  6. checklist

    i have a feeling bernanke is not going to show up with the big cocaine bag that markets are expecting tomorrow.

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    • BanAlf.com

      I don’t think that is a big surprise. This will likely be sold hard when they realize it is not 2010 again.

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  7. futures

    Reed Hastings pulled an italian job

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  8. KIng KOng

    the minute i go long from short the market turns.. fucking hell. i wish i could fuck u shorts up right now. no worries tho. Bernanke will save us all tommorow. LONG u fucking cheapstakes

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  9. JTU

    Into the close most everything I own is tanking!

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  10. big snacks

    textbook reversal

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  11. ruggyup

    Tomorrow will be like that video of the black bear falling out of a tree. There you go, Benny’s rally will be a BBB, black bear bounce.

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  12. DistantLight

    The setups were all too easy today. Just as ‘they’ like it. Beware.

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  13. ALPROz

    AMZN finally showing some weakness even when markets were peaking today…

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  14. schizo1688

    head fake setting up for bulltrap of the year tomorrow,500 point down on THURSDAY !!

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  15. drummerboy

    head fake tuesday comin downnnn by:porter wagner

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  16. derrr

    Bernanke can’t do a thing for this market because any plan would have likely leaked, no? If so, isn’t it likely to be cooked in? Unless they conditioned traders by leaking information the last 3 times major policy changes was made and now they tell them it’s bad news and they come up with something completely different. Regardless, I feel like the market is unprepared.

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  17. 'merica

    When we needed some rally music, you pulled out coldplay. What did you expect to happen?

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  18. federalist

    This market will continue to melt up due to USD dilution until the world’s 150+ central banks decide to no longer keep 60% of their reserves in USD.

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  19. lol

    So much for support. Nasdaq takes out 50 day MA. Can’t really rely on technicals over next two weeks imo.

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  20. GR8Trade

    I am long EUO (ultrashort Euro)with about 8-10% pain stop @ about 17.00 I challenge the massive red tape state of the Euro Union to escape some slight form of calamity in their first real test of unity. The Euro trades lower over time. Take a look at a monthly EUR/USD chart, paalenty of room to fall!

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  21. The Fly

    ALF EATS CLAMS.

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