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
23,428 Blog Posts

GRANDEUR AWAITS

All of your reasons for lower stock prices are so stupid I cannot even get myself to address them. I am going to mug you tomorrow, then toss you into my fireplace to provide me with the fuel that I need to warm my parlour. There is a difference, however, between those of you who genuinely hate America and would like to see her crumble– and the guy, mind you, WHO IS BUYING VIX INSTRUMENTS INTO THE FUCKING HOLE. The latter is an abomination of humanity, the ISIS of investors, and shall be upbraided.

You, my friends, are going to endure heinous market losses, 20-50% inside of a single session. Your parvenu ways will be no more.

In all seriousness, I expect the market to rally for 3-5 more days, then drift lower, eventually retesting the lows. Bottoming is a process and there isn’t anything to justify a V-shaped recovery.

So the game plan is simple: skin the shorts alive and eat their livers over the next week, then sell out and wait for the hammer to drop. The new found volatility is going to work itself up into a frenzy then collapse. At that time, I will have my revenge on you VXX nerds.

Oil, biotech, social media and chinese burritos will lead the way. Just remember to bail out before Thursday of next week.

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33 comments

  1. berniecornfeld

    Oh thank goodness, I thought this was just going to be a bounce everyone was going to short into.

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  2. xxxhuggiebearxxx

    I m mostly flat at the moment….i have made back about half of my horrific losses….leaving me probably 2%-3% down for the year. Sold my TNA today at 60-sumpin.

    I want to play this bounce you fortell of, but i suspect we won’t get over the 200-day.

    These are bad days.

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  3. davebird

    Another latin student. Are your knuckles bruised?

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  4. it is showtime

    Biggest short: Japan
    2nd: Europe
    3: Real estate

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  5. alf44

    .

    Tomorrow could very easily become hideous !!!
    —–
    I wouldn’t want to be LONG going into Friday !

    But, who REALLY knows ?

    ROCK … PAPER … SCISSORS !!!

    .

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  6. mtpennybags

    Bounce into higher lows, then bear market for a year or until fed starts another round of QE. Just know when to flip em XIV->UVXY

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  7. Dr. Fly

    LIARS. ALL OF YOU.

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  8. byhiselo

    agreed sir fly, not sure my vote really counts…see you on the other side

    tupac – upper cut this market:

    https://www.youtube.com/watch?v=DAE8leRhGLg

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  9. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    Ebola is fraud. Oops. Wrong blog.

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    • alf44

      .
      … could it be a “Wag The Dog” attempt to divert attention away from the ISIS shit storm going on in Iraq & Syria ?

      —–

      Could our government be so calculating ?

      Could our government be so manipulative ?
      Could our government be so deceptive ?

      .

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    • pirate

      Barrak Hussein Ebola sez:
      If you like to call Ebola a fraud, you can keep calling it a fraud. Period.

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  10. bushwacker2

    After your prescient 3-5 day rally, we should expect another big leg down that will be equal in magnitude to the first.

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  11. bushwacker2

    Wtf? the IBC investors conference marketing video is blocking the drop down bloggers menu. I can’t access OA or Bluestar.

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  12. tradingnymph

    Agree. All the reasons on CNBC for the sell off didn’t make sense. China is the reason. But of course I would say that. Hot money moving there is fading so fast and with Port Scandal the speculators can’t get loans. Now State Owned Biz will be limited on issuing bonds. No demand for thermal coal, copper, etc…and China getting flooded with cheap Russian Oil. Such and ugly mess that will take down global economy.

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  13. ironbird

    The vol instruments are barely down this morning. In the past it would be a fucking bloodbath. The bounce is on but the winds have bad intentions.

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  14. bruce keller

    Welp, looks like the ol’ 401k missed the train, keeping it cash, not chasing. AMZN calls should be happy, TSLA puts, very sad. At least I didn’t hold a large position of VXX/UVXY through yesterday and overnight and stuff.

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  15. jtrader

    You’re right on the rally, but wrong on the time line….we’ll rally into early-mid Nov.

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  16. runawaytrain

    Make back some money, and run for the hills

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  17. Billy Cutting

    I love the ad at the top of my screen, screaming at me to ‘BUY ALIBABA..ON LEVERAGE”, yet reminding me that ‘my capital is at risk’

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  18. bruce keller

    I dunno if I would laugh or feel bad if bulls get routed on this practically guaranteed bounce. Something feels fishy, but I’m not psychic or anything and will probably miss out on some good gains on the ride up.

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