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
23,419 Blog Posts

If It’s Not Systemic, It’s Not Worth Worrying Over

I still believe the market is going to cascade lower in late August, through pagan X-mas. I’ve told you we are following the path of 2000 and I am sticking to it. But part of that journey included a July fake out, a decline that scared people into believing we’d head back to the May lows. Many stocks are indeed back to the May lows and even more are hitting new lows. But that doesn’t mean the game is over, just yet.

Let me tell you something, this market has been marked by satan ever since it crashed in 2008. Do you people remember how much fun that was? Do you? I mean, really? If you were happy to see the market at 666, then something is chemically wrong with you. I’d castrate 90% of the male population, if given the chance. The simple fact of the matter is, most of the current gene pool shouldn’t continue. There, I said. I do not support genocide, per se. I am only advocating the sterilization of more than 100 million eligible men.

Back to the markets.

I don’t care what that idiot Cramer said: markets don’t go lower because airplanes get shot down. Believe me, I am saddened by it and I will probably never ever fly in an airplane that is even remotely close to Russia in my lifetime. But are we all fucking children here? Have you all lost your minds and balls?

We trade up from here, people. If a military jet was shot down, maybe we trade down for about a week, maybe two. But we have a destiny to fulfill and there is nothing that can derail us from tethering the timeline of 2000 to the exact decimal.

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21 comments

  1. goose20

    Fly do you still like RUBI here? Looks like they are throwing out the baby with the bath water.

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  2. dewey dortmunder
    dewey dortmunder

    I hope you’re right about this being a fake out because I do believe my balls are shrinking with my account balance

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  3. xxxhuggiebearxxx
    xxxhuggiebearxxx

    I am extremely long, and I am not just mimicking my wife when i say that. I bought back up to a completely full position in EWZ today, and have a big chunk of TNA to boot.

    I am looking for your playbook to unfold over the next two months…

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  4. bluestar

    Markets never top on bad news. However, it is debatable how deep this correction is before we hit new highs.

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  5. UncleBuccs

    I’m reading & commenting via the iBC Android app. First time in a couple months, but I’m desperately trying to gain good mojo going into the near future…

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  6. Marc David

    PPT says we go higher before we go lower. That’s all I need to know.

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  7. bushwacker2

    I say we go lower before we go higher. It’s a matter of perspective, chaps.

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  8. Marc David

    What makes me laugh the most about this video is that you know.. you KNOW based on the comments, these people really did take that test.. realize they were fat and got pissed.

    LOL

    https://www.youtube.com/watch?v=AIC9dovVfhA

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  9. operator1

    It was before my time as I was only a freshman in HS in 2000 but I would gladly sacrifice a piece of me to appease you FLY in order to receive 2000 like gains upon my portfolio. All Hail HIs Grace THE FLY!

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  10. hattery

    Most men are already sterilized through the cuddling of cellphones with their balls via their pockets on a daily basis.

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  11. it is showtime

    Agree with reproductive termination

    Google shouldnt-have-kids-loveline Hi larious
    https://www.google.com/search?q=shouldnt+have+kids+loveline

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  12. matt_bear

    The market at 666 was a lifetime opportunity to own some blue chips and quality companies at insane prices and dividend yields. I would kill for that opportunity again, as I have much more this time. GE at $5 and Ford at $1.12.

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    • bruce keller

      I had $20k in calls around 680, then I sold and melted down and oh God why must I remember.

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    • matt_bear

      speaking of Ford…declared 13 cent quarterly div today. That’s an annualized yield of 46% from that $1.12 share price. Sweet baby jesus if i only had more money in ’09

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  13. xxxhuggiebearxxx
    xxxhuggiebearxxx

    Brazile (EWZ) is going BONKERS this morning for some reason…..fuck yea.

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    • xxxhuggiebearxxx
      xxxhuggiebearxxx

      I don’t know why it would go up 3.5% overnight but i just took a bunch off the table.

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  14. rahagar

    it is amazing ow many times a day I see the numbers 666 on my screens. Like, FB 66.67, XYZ 42.6667 etc….LOL. Beelzebub doing some head fuckery. Buwahahaha!

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