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
23,426 Blog Posts

Careful Now

baba

^^^that was me back in April, so yeah I called it.

So what I was right? Did you listen to my warnings, or venture off to be a cross-eyed gambler? Your first instinct was to be skeptical of the skeptics, which made you a buyer. You figured to yourself, “everyone is bearish, therefore, ergo, I shall be long.” But you were forming an opinion in a vacuum. Like it or not, the people that you view on a daily basis, even the folks on Stocktwits and Twitter, are fairly sophisticated investors. Their so called ‘sixth sense’ about the market topping out after BABA and in September is 100% foreign to the corn farmer getting his teeth kicked out in Nebraska.

Your second instinct will be to buy this dip now. It has all of the hallmarks of an oversold decline and you are a very greedy, fat, man. But that’ll be a mistake too.

See here, pal, this isn’t your garden variety sell off. This is Armageddon, the sort of decline you will one day tell your grandchildren about.

“I remember that fucking dip in 2014. It nearly took me eyebrows clear off me head.”

“Oooh, tell me more grandpa. Tell me more.”

“It all started after that evil chinese Rumpelstiltskin entered the US markets and stole everyone’s money. I was a wee lad on the internets and had an idea or two about buying dips. Boy was I wrong…”

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25 comments

  1. clegger_2000

    If you say his name three times he will appear and “Sweep your leg”.

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  2. goose20

    It’s ugly out there Boss! How low can we go?

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  3. jules

    How did you get that picture of me?

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  4. Paul

    Where’s your faith in the PPT indicators?

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  5. Weegoody

    Ooooooooohhhh….scary.

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  6. Michelle

    So your an Irish guy living in the US playing the stock market…telling your grandkids that story?

    …got DUST?

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  7. Trent J

    I’m in Nebraska (Omaha) and many a corn farmer who are already missing some teeth, are getting the rest kicked out.

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  8. Michelle

    PPT indicators are almost in oversold territory so there goes your Armegeddon scenario…nice try though!

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  9. jules

    This is a win-win blog set up. lol

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  10. Zuul

    Just clicked on the 3 Day Blinds ad. Good karma.

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  11. j livermore

    What sell off?

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    • dont taze me bro guy
      dont taze me bro guy

      Exactly, an approximate 1% drop on a retarded news Monday, Chiner slower, Alibaba out of the bottle. Folks ’round here would whine like little bitches if there was an actual sell off.

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