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
23,441 Blog Posts

No Bounce…EVER

It’s likely that some of you were out celebrating today’s market bounce, over a cold glass of chardonnay. You ordered the surf and readily updated yourself with stock quotes from your stupid phone. Upon leaving the restaurant, a giant anvil fell on your head–now you’re dead.

That just about sums up the NASDAQ, a great ancient land of mystery and phantasm.

Don’t bother buying anything with a PE north of 13. Please, do yourselves a favor and try to make back the money you lost methodically, as opposed to all at once. My greatest catastrophes always occurred when I was most desperate.

As an aside, I find it readily (there’s that word again) amusing how CNBC is trying to blame RISING rates for today’s decline. It must be quite enjoyable to be that stupid.

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13 comments

  1. the pirate

    Don’t feel bad, there’s always some good laughs at the idiots of the internet to be had:
    https://www.youtube.com/watch?v=TrieBhaGgHM

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  2. acehood1

    GET READY FOR TNA, BUT NOT TODAY

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  3. it is showtime
    it is showtime

    bot YGE half

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  4. xxxhuggiebearxxx
    xxxhuggiebearxxx

    I will let you know when it is ok to buy. I will signal the “all-clear”

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    • Dr. Fly

      Huggie

      BANNED

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      • j livermore

        hahahahhahahhahahaha

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      • xxxhuggiebearxxx
        xxxhuggiebearxxx

        Do 5 years of loyal readership mean nothing around these parts! It may even be 6!

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    • the unbeliever
      the unbeliever

      You fool, show some gratitude. The Fly has already said he would let you know when a bounce is coming via The PPT. That’s when you buy. Instead, you’ve been ban(nish)ed!

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  5. Marc David

    I find it amusing that only 1 entity has won an Asshat of the Decade award. US Congress. Not sure that will be surpassed anytime soon.

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  6. jazzyjeff

    the fun and games continue never seem to end – FUEL down 26% after hrs

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