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
23,471 Blog Posts

Burn in the Churn

Do you know what it takes to make money in this market, pal?

It takes religious faith to make money in this market–not balls. Providing you can avoid the occasional OSG in exchange for SVU, the market will reward you. That being said, I barely made any money today, advancing by just 0.25%. But, I am encouraged, based upon the sublime laws of mathematics, as so eloquently stated in today’s PPT summary. For the uninitiated: I give a full daily summary of the day’s events, as seen through the eyes of my mechanical brain aka The PPT.

Bottom line: the market didn’t collapse following Friday’s debacle. The bears need to respond quickly, else they will lose the initiative and the momentum will tumble in favour of the bulls, yet again–as prophesied by the blunt smoking pimp, Benjamin Bernanke.

http://www.youtube.com/watch?v=wHrmr0yeSrc

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15 comments

  1. xxxHuggieBearxxx

    The bounce at the end of the day to close above SPY 143 was meaningful in my view. There is an end of year rally coming and i don’t anyone wants to miss it and many are underinvested.

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  2. fake amish

    Debate night. How can 0 win a libya debacle debate? The moderator better be sucking longtime. King Coal for the win.

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  3. metalleg

    I’m calling this the debate ramp until proven otherwise. If the market is up tomorrow after tonight’s ass whooping by Romney, I may reconsider.

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    • riggedgame

      Why do you support a draft-dodging, flip-flopping, Cayman Cash Stashing gutless puke?

      It’s unbecoming of you.

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      • Billy B.

        Maybe because he can’t vote for a Marxist, America hating,Jew hating,capitalism hating, college records sealing, never had a real job loser.
        You must be a Federal government parasite on the taxpayers dirt bag who is worried about your bureaucratic job.
        Go back to Daily Kos and spew your hate.

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        • riggedgame

          So he votes for a Fascist, worker-hating, Muslim-hating, fairness hating, tax records hiding, job destroyer?

          Go back to your Fox Noise and keep lying to America.

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          • fake amish

            Fairness hating? Even if one had any clue wtf that meant? It is ultragay and such a tampon eating exercise.

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          • Billy B.

            I can tell you that I am an Independent but will vote anti-0, not because I am a fan of Romney but I get ill when I see throughout history how the far left has created a cult of personality out of somebody and then starts to shut down freedoms out of violence and intimidation.
            I knew what 0 was when I saw him 4 years ago go out in front of a bunch of fake Roman columns, like he was a god, when the crowd was chanting “yes we can.’
            Reminded me of Hitler at Nuremberg- another far leftist.
            If Romney wins I fully expect the far left to riot.

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  4. noodleboy

    I’m finding the “What the PPT is saying” posts very useful. Thanks for doing that.

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  5. Show the Cards

    For what it was worth, at 6 a.m., PST: “If there is a severe market correction today, it will not have been the fault of Apple or Google or the Chinese or financial-activists or any other scape-goated fallguys, besides American fascism imploding.” -Lisa Wells

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  6. Show the Cards

    I’m feeling generous, for no charitable reason. Here’s my private google+ page with another post, 3:20 a.m. PST
    https://plus.google.com/u/0/107083812766317165526/posts/BT3upqjJEmB

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  7. illuminated1.

    Bearish Divergences… Bearish Divergences everywhere…

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