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
23,473 Blog Posts

Think it Through

This market is capable of exacting extreme pain on you. The very essence of who you are is at stake. Don’t lose your lives betting against it. The lack of any discernible momentum has led to an apathy not seen since the Tulip bubble collapse of 1637. Our society doesn’t appreciate stakes in highly profitable companies anymore. Instead, they buy paintings for $300 million.

Eventually, this paradigm will turn on a dime and make you regret the day you were born. All defensive positions, such as bonds and gold, will be tossed into the fires of redemption and stocks will careen higher, whistling and screaming all the way towards its inevitable glory.

Why I am so confident?

The writing is all over the walls, lads. Your lack of faith in the American people is downright traitorous. Your path is a ruinous one and you will be punished for it.

We have a robust jobs market, cheap energy, benign government, corporations are flush with cash, and governments are able to handle their debt with ease, with interest rates at record lows.

The perpetual crisis economy that you underwrite does’t exist. All of the cancerous statements regarding the future of our great nation is merely a reflection of your disappointment of who you’ve become. Life is filled with peaks and valleys. We ebb and flow thru these troughs with purblind guidance, spread by psychotic addled sociopaths in a position to eschew good news in favor for headline grabbing nonsense and despair.

These are the good times. Let’s at least pretend that we know it.

GOD BLESS THE GODS UPDATE: The iBankCoin iPhone/iPad App has been rebuilt from scratch and is now available. Thank the good folks from Cypress North for their generosity in providing your worthless asses with scripture that will be recorded in the annals of finance history for  thousands of years.

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35 comments

  1. xxxhuggiebearxxx

    We stand on the precipice of total and complete destruction of the western way of life….gold is your only salvation.

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  2. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Admit it with me readers, you had no idea what this word meant.

    pur·blind
    ?p?rbl?nd/
    adjective
    having impaired or defective vision.
    slow or unable to understand; dimwitted.

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  3. matt_bear

    I fully intend on banking an obscene amount of fucking money this year. My approach so far has been disciplined and calculated. Picking spots with the very high ROI potential. My trading volume is way down compared to last year. I’ve also utilized the PPT oversold to move my 401k in and out to bank coin swiftly then return back to the shadows.

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  4. UncleBuccs

    Commodore, I was reminiscing with a colleague today about taking the test to work for my current employer along with over 10,000 people 20 years ago. Why? The place pays great & the economy sucked for ham & eggers at the time.

    The economy has always been worrisome and a struggle in one area or another, and yet there has always been shrewd profiteers scratching up coin in one way or another throughout it all. I would rather be in the group that makes money.

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  5. sloop

    “We have a robust jobs market” No we don’t! you ask the middle class people. They are in no way back to normal. Its all a lie cooked up by this traitorous administration. DID YOU NOT hear Obama at the Day of Prayer meeting on Friday. He all but told you he stood with ISIS. WAKE THE FUCK UP!!! ITS REAL and we are soon going down..WAY DOWN!

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  6. sloop

    NON OF THE NUMBERS YOU HEAR ARE REAL!! NONE OF THEM!!

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  7. halloweenpleb

    My edge on this market is my subscription to Option Addict.

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  8. prospectus

    New app is great! Viva la iBC

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  9. YOU WILL KNOW ME BY THE TRAIL OF BLOOD
    YOU WILL KNOW ME BY THE TRAIL OF BLOOD

    Did Gauguin forget to take drawing classes? That work, and the rest of his works, are terrible. Post-modernist artwork is truly awful, found wanting in all aspects.

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    • ironbird

      That dude was cool. Overdosed on morphine way back in the day. The point of the painting was the clothes on the girls. Uptight Colonial Europe dressed their women basically in a trash bag. See it now?

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  10. sloop

    ONE MORE POINT! You tell me a REAL President who would make an enemy out of Russia(again) and “try” to be friends with Iran and Cuba and then turn their back on our BEST Ally Israel. WE ARE FUCKED PEOPLE!! THIS GUY IS NOT OUR PRESIDENT!! HE IS OUR ENEMY! 2015 is the year he shows us just who he is.

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  11. Dr. Fly

    Sloop

    You’re a god damned idiot.

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  12. esquared

    TWTR for the win anyone? Looking for a good price to establish a position…

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    • ironbird

      You missed it. Try buying before the move. Buy high sell higher is for muppets playing with other peoples money.

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      • esquared

        I’m not a momo trader, but TWTR could’ve turned an intermediate term corner with the St not as worried about AMU’s as much as monetizing the existing base. This thesis has been all over the place of course, but doesn’t mean it can’t be true.

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    • matt_bear

      if you are a true TWTR believer, you would have been establishing a position in the mid $30’s. OA and Raul have blogged many times about it. You’re simply chasing now.

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      • esquared

        You’re right, I haven’t been a believer. I’ve thought the platform wasn’t scalable, management wasn’t worthy and just created themselves a bunch of options and always sell their own stock. But I also didn’t own FB at $26 before the big mobile realization quarter but DID buy 10 points higher at $36 right after, and that’s looked pretty good….dunno, still don’t have lots of conviction in management but I can change my mind and go from being wrong to being right can’t I?

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  13. zheeeem

    I’ve been pretending this is a bull market ever since the bear market ended in 2009. I’ll keep pretending for a while longer.

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  14. og

    Like the new app update but how do you sell a full comment. Clicking just brings you to the reply screen?

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  15. momono

    As long as there’s people saying the sky is falling, everything will be fine. When few take the time to spout their nonsense, that is the time for fear.

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  16. rtcushing

    How come when I click on a comment to read the rest of it, it goes straight to posting a reply? (Using the app from an iphone 6)

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  17. Dr. Fly

    App comments issue will be fixed.

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  18. gorby

    The most underappreciated recovery
    in modern times.

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  19. pyromonoxide

    ” All of the cancerous statements regarding the future of our great nation is merely a reflection of your disappointment of who you’ve become.” — Writing that one done, that’s deep.

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  20. jpmorgains

    Very well said. Indeud.

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