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
23,428 Blog Posts

BASELESS FABRIC OF A VISION

I imagine some of you fancy yourselves to be operators, stock plungers of the likes of Jesse Livermore. You sold short the market, endured a 1,000 point ‘reflex face ripping rally’ and walked away from today’s -500 a smug faced champion.

Your monies will soon be absconded.

There isn’t a moat deep and wide enough to defende against the Dick Guillotine, currently being rolled out from the outskirts of town into the city square. It’s wooden grandeur strikes fear into the hearts of short sellers everywhere. Upon seeing it, most shriek with fear and soil themselves, hiding behind their horses.

I cannot tell you with certainty that September will bear fruits of patience and offer bulls an escape from their current misery. I can only remind you that these ‘squalls’ have come and gone bfore and the end result, with exception to a handful of occasions, has been a resumption to the 200 year trend of higher equity valuations.

To be clear: my bullish position is temporary for the month’s of September and October.

If you enjoy the content at iBankCoin, please follow us on Twitter

15 comments

  1. zombie

    FIG

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. UncleBuccs

    It looks like the guillotine has been upgraded with a Vanadium alloy blade from Seki City…. this could get ugly.

    Short preview here: https://www.youtube.com/watch?v=Gcv9nTDoPkc

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. rormilt

    Fly = God

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. bruce keller

    Watch China rip fucking balls here in 4 minutes.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. it is showtime

    Welcome
    . . . . To
    September

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. billiejones

    Dr. Fly,

    Someone on twitter looked back at times the market was down in August in recent history and the resounding conclusion was that September was always down as well when preceded by a negative August. I haven’t checked myself, so take for what its worth.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Bullish

    I’d like to call this the:
    The September Sex Change!

    Where short-sellers will have their dicks cut off once again.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. alf44

    .

    … dare I say it … again …

    —–

    FEEL THE “VERNE” !!!

    😉

    .

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. typebtrading

    Where does it end? If the Bears have their way then we head back to 2009 lows and imagine further. Never going to happen without some giant black swan event and then frankly we have worse things to worry about. I’m not a perma bull, being a bear is way more fun, but at the end of the day the world moves forward along with prosperity and the further proliferation of the illusion that is money. It’s all an illusion. You should feel way less anxious about losing money and WAY more regretful about missing out on gains.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • ironbird

      Dude have been to this mythical forward moving world lately? Kind of looks fucked up right now. Millions of Refugees and Presidential Candidates blowing up and Cold Wars all over. Disturbance in the farce and all.

      • 0
      • 0
      • 0 Deem this to be "Fake News"