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

FUTURES ARE DIVING LOWER AGAIN

A sufficient amount of people were sucked back into the markets last week. As such, futures are inexplicably diving lower by 150 and your prospects for fortune have all but withered away and dissipated into the wind, like the embers from the bones of a body that was just doused with petrol and set aflame near a breezy beach.

I can only hope that the final 25% cash that I am holding can be allocated in a smart manner, away from impulsive acts of greed. This squall that we are going through has been run of the mill for the past 2 years. This hasn’t been a “good” market for a long time. It’s a traders/stock pickers market, loaded with lots of inverse fixin’s and bottomless money pits.

Into further weakness, I am a buyer of MNST, DIS, AMCX, CYBR and even YELP. I also think gold can begin to counter-trend the downward action again.

I am only interested in the next move higher for a trade; because I feel, without a shadow of a doubt, that this market is entirely fucked for at least two years–as we digest a gross deceleration of growth emanating from the dog-eating nation of China.

Do I trust the PBOC to bail themselves out and renew China to its former inglorious methods of fast growing and corrupt chicanery?

I most certainly do not.

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16 comments

  1. goose20

    Let the games begin!

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  2. it is showtime

    oops

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  3. mx2101

    Change in the China growth expectation seems to be fundamental matter that could be with the markets for a while.

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  4. tradercaddy

    I suspect this may have something to do with the futures.
    Bring on the economic war with China!!
    https://www.washingtonpost.com/world/national-security/administration-developing-sanctions-against-china-over-cyberespionage/2015/08/30/9b2910aa-480b-11e5-8ab4-c73967a143d3_story.html

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    • UncleBuccs

      “The U.S. government has not yet decided whether to issue these sanctions, but a final call is expected soon—perhaps even within the next two weeks, according to several administration officials, who spoke on condition of anonymity to discuss internal deliberations” …… Ha ha!

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  5. rangersfan

    The chopped up live snake still moving was pretty repulsive.

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  6. frog

    Live snake and live fish. I didn’t know homo sapiens ate such items.

    It’s very bad the way chickens and cows are abused on factory type farms, and it needs to be stopped. But eating animals while they’re still alive is even more abusive.

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    • matt_bear

      don’t must animals in the animal kingdom eat their food live?

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  7. banjoman

    Asians are savages.

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  8. levrage

    Moar CYBR, huh? Why don’t we just take the company private?

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  9. blahblahblah

    here we go again with the endless 16,583 and 1950. Just DAX dive to 8800 and bring me to the early October buy point.

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  10. sloop

    we will see silver at 5 bucks again. soon

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  11. t.c.

    Oil acting crazy!

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    • t.c.

      $WTI just ate a live Chinese pit viper. I can’t believe he fried that fish alive.

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