It was very apropos of me to feature the film “The Crash” yesterday, was it not?
Futures are indicating a 250 point slide at the open; but it will be much worse than that. The homo hammer of certain death will appear in Europe this evening to annihilate them once and for all. Don’t be shocked to find 5% declines across Europe this evening, as the euro experiment burns up in the funhouse it was ended in today: Greece.
None of your charts mean anything tonight. Get your watchlists handy and focus on companies with a heavy emphasis on domestic sales. Stocks like HAIN and SBNY come to mind. Homebuilders and mortgage plays too, all focused on domestic growth.
The Greek people celebrate America’s birthday this evening by defecating on its flag and the flag of all western nations beholden to it–thanks to its enormous debt burden. Naturally, we’re all interested to find out the exposure risk and who is going to get fucked the hardest. None of this should propagate a credit crisis, a la Lehman Bros circa 2008. To equate the two in the same sentence is fucking ridiculous. Nevertheless, markets are ruled by emotions. In the interim, people are scared and leveraged. This is a dynamic recipe for a sharp sell off, one that will prove to be the single best buying opportunity of 2015.
Luckily for me, I am upwards of 25% cash, with AAPL being my largest position. However, I still expect to lose money tomorrow, as I am exposed to vast quantities of shares that will get clown raped as soon as trade begins. My choice is to cut the rest loose and wait out until a better market presents itself. Or, I can simply hold what I already own and opportunistically average in and then exit upon a reflex rally.
Either way, most of you are 100% fucked. Enjoy tonight’s supper, Greek style.
If you enjoy the content at iBankCoin, please follow us on Twitter
100% TLT as of Friday cheers
France; Spain; Italy; Portugal to follow. Lot of work ahead. Let the healing begin.
The plebs will be too busy celebrating USA’s World Cup win.
This action looks like the OS stats for the qqq’s will take one in the loss column.
Surprise Sex ….. that comes as no surprise.
CLAP
Man we haven’t dominated Japan like this since 1945.
meanwhile, the greekopolyse now will only give a better entry into TSLA .. if there ever was a generational buy & hold, like a Buffett-run conglomerate of 40 or 60 years ago, it’s a Musk-run future conglomerate of today
http://waitbutwhy.com/2015/05/elon-musk-the-worlds-raddest-man.html
Hope you’re right for my TSLA puts sake.
Good to see the Muskies showing up at the top again.
This is the generational top of the market, and you are talking about Buffet as if the over-hyped and way over-priced TSLA is a deal.
TSLA will be less than $100 in 3 months.
TSLA less than $100 in 3 months? Only if an asteroid hits the planet or WW4 breaks out or Musk loses his life in one way or the other. Barring that, I’d love to see it sub $100. Let’s have this conversation in 30 years and we’ll see then how your paper short worked out.
2ND CLAP
Shall we go for a 2nd Sunday night Bear party? “Put Some Money In The Pot, Boy…”
https://youtu.be/CyL9yQc1WvM
The new Grecian national anthem “Looking For Money” (warning – very hillbilly)
https://youtu.be/LEzrQKJMRx8
wait.
clap
It’s so disgusting that a nice and I’m sure very attractive young man like yourself (extra homo) seems to be celebrating the coming global implosion. The “Big Wigs” across the pond must be notified.
Dude if 2010-2011 bears, ultimately become correct, You’re going to be, sour grapes?
fuckin fine with me
Can’t wait to kill the shorts
Drama queen.
Gonna buy anything and everything Chinese. PBOC buyer of last resort.
If you check your Binomial distribution, the probability of calculating a 50/50 election outcome from a 60/40 population with 100 observations is less than 3%.
Since the media polling all claimed that they contacted 1,000’s of people, the truth is even worse and more pathetic, if you can imagine.
http://ibankcoin.com/mr_cain_thaler/2015/07/05/greeks-projected-to-vote-no-in-razor-thin-6040-blowout/
Based on 1,000 responders, predicting a 50/50 outcome or greater in favor of “yes”, when the real Greek population went 60/40 in favor of “no”, in a fair and unbiased statistic polling approach would be about 1 in 10 billion.
If you had considered human nature, you would have known the outcome of the vote.
When people are fed up with something, they assume drastic change is always better than the status quo. The president of Greece understood that and knew that if he supported the no vote, he would win, and retain power. And now he can blame the populace for their fate,
The same tactic will be used by the US Government soon.
You not only completely misunderstood his point, you also completely misunderstand the situation in Greece. Not really suprised by either.
So……
We have the Greeks committing suicide/homocide with themselves and the EU as players.
We have China taking emergency measures to shore things up in their markets.
We have Russia getting all pissy with the neighbors.
We have Da ‘esh beating the crap out of the Iraqi “army”……………….
Which one is going to be the proverbial black swan precipitator ?
I don’t know, but I’m sure we’ll find out on September 13.
Bought TZA Thursday I’m covered
Greece has roughly the same population as the state of Georgia…
One has paid the price of sedition, the other has yet to.
Central Banks have been propping up the market for an unprecedented period of time. Look at the bond market, is in the 9th inning of the largest bubble In history. The Chinese are allowing investors to collateralized their margin accounts with real estate. It’s pure insanity. Bond fund managers are clearing 30 – 100 million while doing little to nothing in terms of real production. Liquidity is drying up, volume is imploding in us share markets, leaving no exit if there is a contagion. Maybe we get another 1-2 years out of this ponzi, but when this one goes it’s gonna make 2008 look like a blimp. The bond market dwarfs what the CDS markedly was in 08. Central banks are going to hit a brick wall..
Sierra Water