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
23,419 Blog Posts

Enjoying the Cyanide Cocktails, Are We Not?

China did it again, devalued their currency for pleasure, instead of necessity. But I don’t need to tell any of you about that. By now, you’re all experts.

Stocks are toilet bowling lower and the black flag is hoisted above Wall Street. Evil days have fallen upon us. You’re all worn out, withered and worried about the future.

A great man once said “there is no tomorrow.”

INDEUD

On the menu for today’s lunch is margin with a side order of call. You’re gonna love it.

By the way, gold is spring loading higher, validating the August seasonality magic that repeats itself on an annual basis.

When do we nibble?

I entreat you to be patient. Give the market some time to clear out and of course let Exodus be your friend.

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8 comments

  1. itinerant

    F china. 4% in two days is not devaluation.

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  2. j

    The money center banks, which are the most leveraged to a rate hike have taken a dump. This means the market doubts a rate hike in Sept. the Yuan has hardly moved. Fuck, the Euro has strengthened 3.5% in a few days and no one gives a shit.

    This move down is way overdone, I think.

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  3. braveflaps

    Very nice call on the cash and GG combo.

    INDEUD

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  4. the_wolf

    can you comment on uncle carl’s new position good professor ?
    early,… ?

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  5. 1russianguy

    F@#! stocks, listen to some good rap & live to fight another day.. https://www.youtube.com/watch?v=LlU4FuIJT2k

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    • duckkell

      fuckin awesome!!

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      • 1russianguy

        INDEUD 😉 Hope Mr. Fly will post more of Lil Dicky, kid is blowin’ up! sick of Rick Ross

        PS Picked up some more AAPL

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