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
23,431 Blog Posts

THERE WILL BE DEATH AND DESTRUCTION

Here we go again. The market is selling off and oil is down the tubes. To be clear, my hunch on oil is only that– and I am using seasonality factors to justify my bullish position, coupled with the notion that this decline must cessate sometime.

The market was supposed to offer us 100 NASDAQS. Instead, we get none. Had it not been for Apple, we’d be lower today.

I cannot control sentiment and can only offer inalienable facts. The conditions for a very strong market are present. The number one roadblock to it, and I mentioned this the other day when reviewing the classic Buñuel film The Exterminating Angel, is human emotion. We are a fearful creature, always scratching about the door, trying to escape this, that and the other.

I thought we’d get winship today. Instead, by the looks of it, we will get death and destruction (extra hunch back from 300, part 2).

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32 comments

  1. xxxhuggiebearxxx

    I am long SPY puts and tonnes of GLD….The Day of the Bear is finally upon us.

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  2. itsgold

    I predict a chopping. A chop chop chop to death.

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  3. zuul

    This market cannot rally and needs to crash.

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  4. rangersfan

    Love my $TA

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  5. qeinfinity

    The only things that matter are foreign currency exchange rates and bond yields. As long as the dollar stays strong, the US megacaps operating overseas are going to keep reporting weak earnings on poor exchange rates. The companies to buy are those with revenues primarily in USD now but who are expanding internationally who can buy into those markets with their strong dollars, much like HABT is.

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    • budh

      Everything matters. In varying proportions.

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    • budh

      As to your point, beware of weak-ass managements using exchange rates as their excuse to suck. See the currency factors for what they are. Market share is either increasing or decreasing depending on the strength of their product.

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  6. rangersfan

    Bought $FEYE

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  7. fryguy15

    Who needs a healthy, self sustaining economy when we have iPhones and drugs?

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  8. thomasjefferson

    Your analysis is sound. I have been trying to buy things over the last week that look great but for the fear in my brain ($NDLS and $FEYE so far), and holding a large position in $TZA to calm my feeble mind.

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  9. uglyflint

    Fry who needs I phones ? Lol

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  10. ammy hour

    Nice call in X

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  11. student@psu

    One more big win and I can pay my spring tuition. Netflix call option worked so I’m going BABA call option @ 104 and Facebook call option @ 79.5.

    See you on the other side..

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  12. the shiek

    Dealing w/ CTP, a wall street search firm that was dealing with issues and got pushed down the stairs, now the stock is halted…this should be fun

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  13. traderconfessions
    traderconfessions

    When does Shake Shack IPO hit market?

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  14. rangersfan

    Things getting fast , crude testing the all time lows here

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  15. gappingandyapping
    gappingandyapping

    Bonds are the only game in town, that and short oil.

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  16. charlie

    XIV in a bear market, protect ya neck.

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  17. Marc David

    Come on guys/gals… it’s different this time.

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  18. snoozemr

    Man that was a mistake drinking a double expresso before Santelli talked.

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  19. ummwtf
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