Everyone got suckered into the Fed announcement, mocking the fiscal cliff as old hat. A friend of mine will be attending the White House holiday dinner tonight. I hope to learn about some shady deal by tomorrow.
Today’s sell off is catastrophic. It marks the very top of tops of 2012, until we jettison the fuck higher tomorrow of course.
Just like in life, the stock market is a casino. Sometimes you get rich, other times you end up with a tin can begging for coffee money. One thing is for certain, the crowd is rarely right, with exception to shorting social media stocks down 75%. We’re all too optimistic. What this country needs is a forceful correction, to wash out the unemployed and liquidate the disabled. I intend to neutralize a great many in the recession of 2013, conforming to the very basic darwinistic instincts that are within me.
I feel like a stupid fool, buying into JRCC and BZH today, although I am bullish for more than a day. If there is one thing to be certain of, it is upheaval.
Chaos is right around the corner and it’s begging for you to look at it the wrong way.
At the time of this blog, “The Fly” was long SWHC.
NOTE: At midnight, iBC will be holding elections to anoint its next 3 tabbed bloggers. In case you’re just tuning in, Chuck Bennett dropped out due to reports of ‘sexual indiscretions.’ Early polling suggests dark horse candidate, Maximus, is amongst the front runners, following “The Fly’s” endorsement and subsequent moral backing.
If you enjoy the content at iBankCoin, please follow us on Twitter
It’s a FIG (newton).
Also, Fly is God.
Short Housing
Thanks Neighbor for not revealing my name for security purposes.
The Secret Service guy says it’s okay now for me to say I am at the WH for the Holiday dinner. I am texting this from underneath the Presidents very large king size bed. I won a raffle at the local JCC to attend this function.
I will give you more details tomorrow but I can tell you for now that Michelle 0 earlier brought in a very shiny pole. It’s either a stripper pole or we will be doing an airing of grievances for Festivus.
I will check in tomorrow.
I’m looking forward to getting short in the new year.
12-12-12, ?
‘sexual indiscretions.’ HAHAHAHAHAHAHAHAHA!!!!!!
deflation ongoing, except for pockets of growth. many folks are in deflation.
Kicking the can down the road no matter what. That’s what Benny and the Jets are going to do and he said it in the news conference. No matter what the Fed will apply their magic tricks and invent new magic tricks when needed. Keep with the high soaring stocks, no turn around any time soon. The fireworks are still shooting up on their way to bursting sometime off in the future.
This market is super borning. Who gives a crap.
I’m WAY more interested in the iBC Tabbled Blogger elections tonight.
The cliff is just the beginning of the Great Recession of 2013-2017. When 0bamaCare rolls around and a 21 year old finds out he will be paying for an illegal’s heart transplant maybe then, just maybe the lightbulb will go off in his little pea brain.
we dont have a revenue problem. we have a spending problem. it seems that even if congress comes up with a good plan (in theory) they fuck it up. the more they take in, the more they spend. now (epa) the gov is getting in the way of oil indendence. this is a conspiracy imo
your ass might well be saved by something the fed nor obama had nor has any affect on; low natural gas and low oil prices within the continent.
I am preparing for TITN-ic gains.
My only relief was placing an order for 90% silver half dollars last week…