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
23,474 Blog Posts

PENANCE WILL BE DISTRIBUTED JUSTLY

All of you who were mocking The PPT‘s oversold signal and decrying this market to be dead are going to be forced to dine at Mcdonald’s restaurants for the rest of your lives. Futures have gone from -13 to +5 and the world is rallying. After hearing the cries of the canaille to “get short” the exact opposite has occurred.

I know what you’re thinking. You’re thinking this doesn’t matter because the market is just gonna sell off anyway. But you’d be wrong and will proven to be wrong by next week. Do you know how I know?

DON’T WORRY ABOUT HOW I KNOW AND JUST SHUT THE HELL UP, you upright walking pigs.

I like chinese stocks, and lots of them.

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22 comments

  1. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    I knew that selloff wouldn’t last, but i really hoped it would last until i woke up this morning….bah.

    Going to have to dip a toe at these higher levels now.

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  2. King of all Yaks
    King of all Yaks

    We’re in a Woodstock market. Not so much hippies plied with blotter paper and playing in the mud Woodstock, more the loveable yellow bird that takes the long way around to get where he’s going, leaving a path behind him Family Circus style. (NO CLOWNS)

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  3. TraderCaddy

    The thing about China recently is the disconnect from the world markets (I realize it’s been down for a couple of years while US has been up).
    Last night for example Shanghai was up and the world was down (July exports jumped > expected).
    Could be time for FXI etf again and the spillover into the emerging markets (EEM etf, etc.).

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  4. tm

    Fly, the “DON’T WORRY ABOUT HOW I KNOW…” seems to be channeling Duane The Rock Johnson. Brings a tear of joy to me eye.

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  5. Gorby

    Fuck the Chinese. I Bought $C for $48

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  6. Trent

    Today we shall win big in the Stocked Market. I no long want to eat hotted dogs and frenched fries on my weekends.

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  7. Zuul

    Spoos dropping 13 on headlines of Obama authorizing bombs to be dropped on a nation already destroyed has to be the bottom of this dip. How does that affect anything? Simple fear trade.

    On top of that, rumors that Putin wants to deescalate The Ukraine.

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  8. smartestone

    hoping the gains hold

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  9. smartestone

    these xiv/ziv vol products suck without contango . market is up and 1-month vol is also up .

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  10. smartestone

    added to my treasury position. looks like she’s gonna dump

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  11. I Am Jesse Livermore

    covered AMZN short. added to SPY call position.

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  12. I Am Jesse Livermore

    the leader of the ukrainian rebels is high tailing out of there b/c they are about to be crushed by the ukrainian military. its all but over there. putin was bluffing.

    A prominent leader of pro-Russian rebels in eastern Ukraine resigned his post Thursday as fighting flared there, with militants reportedly downing a Ukrainian military plane.

    Alexander Borodai, prime minister of the self-proclaimed Donetsk People’s Republic, told reporters he was stepping down and handing over power to Alexander Zakharchenko, a little-known militia commander.

    http://www.cnn.com/2014/08/07/world/europe/russia-ukraine-crisis/index.html?hpt=hp_t4

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  13. Flyleech

    I hope you’re right. I’ve got so many stocks in the toilet that I’m starting to feel like a turd.
    Please, don’t flush.

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