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
23,449 Blog Posts

Panic Buying is About to Set In

I’ve seen this before and it always ends the same way: a great wave of optimism washes over the blood left behind from the selling, leading to a fresh round of panic buying, as investors jockey to position themselves into high growth names that were unduly sold off. As sure as I am sitting here, annoyed by the illegal mexicans in the yard, this is going to happen.

All of the people who sold short will be executed. Their heads will be used, by children, as soccer balls, tossed about in the streets for the dogs to play with. All of the pessimism will magically morph into this great perversion of opportunity. Men will toss themselves into lit fireplaces, wrapped with burlap coats, in order to avoid the agony of another failed bear raid.

Life as we know it is about to change.

I hope you’re prepared for the metamorphosis.

https://www.youtube.com/watch?v=crPqaCgeGLA

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15 comments

  1. mike hunt

    And so … the top is in.

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    • The Fly

      How could the top be in when this isn’t the top? You are a much dumber person than I originally thought.

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  2. Your and idiot

    I can see why you are a fly annoying and need to be squashed, what a freak idiotic analysis all opinions no facts..you are a retard!

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    • The Fly

      How cliche of you to troll about on this day of joyous freedom.

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    • Pumking

      @your and idiot – shouldn’t it be YOU’RE AN not YOUR AND

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      • The Fly

        Pumking

        He doesn’t know how to spell, let alone think for himself. He’s like a baby retard.

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  3. matt_bear

    days like today are why we play this game. why we drink lots of coffee, cuss and scream thru drawdowns, and plot our positions into the sea of red.

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  4. mike hunt

    Nice to be in your thoughts though. 🙂

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  5. jules

    FEYE catching up with N today. No way this is a top. More bad economic data means more stimulus and the market needs to price in a recovery.

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  6. metalleg

    Human nature is interesting. Watching how people take the opposite side of the trade (if they actually have any money) against Fly hoping that Fly is wrong. It must be that they need the self-aggrandizement from being right against the master to,lift them from their moribund existences.

    Kind of like fantasizing about getting in the ring with Mike Tyson in his prime hoping to land that one lucky punch.

    These kinds of fantasies, in reality, always end in excruciating pain.

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  7. Dan

    ….the Fly is right.
    Rookie’s please learn before criticizing a trader 100000X”s better than yourself.

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    • Dan

      …..because the next time you post, everyone will be laughing together at your comments.

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      • Dan

        ….and not because they think it’s funny, but rather how asininely retarded it is.

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