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
23,458 Blog Posts

It’s All Coming to a Head Soon

I’ll get you through this shit. I promise you. I always do.

For Exodus members, my top 10 holdings are in the blog section now. Also, don’t forget to secure your ticket to the iBC Conference. If you upgrade your membership to annual, you will be admitted for free.

Lastly, the bloggers here have been through this type of end of days action before. Now is the time to get perspectives and advice from those with experience, After Hours with Option Addict and 12631 are fantastic places to garner insight–much better than the muck on television and on Twitter.

Markets are setting up for a decisive move soon. My guess is to the upside, despite what we’re seeing here now. I am not a fan of shorting into holes or buying into 1,000 point rips. Mean reversion always comes through during the clutch. We’re real clutchy right now.

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31 comments

  1. lplongo

    I need to replace the clutch on my 2002 A4 – 174k miles. I love my car, despite the VW mess.

    PS: The wife drives the new car. Yep.

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  2. vandamme

    China is the wild card and remember, they can do/say whatever the fuck they want to.

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  3. stockslueth

    Everything is made in China.

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  4. teslawasright

    Everyone on here is an idiot

    Off to Singapore

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  5. superpositron

    Bluestar is just fine getting us through the end of days. Short into the volcano.

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  6. sia

    So, it appears Janet Yellen was correct about biotech stocks? IBB will probably hit 250 before it bottoms. This thing could get real ugly.

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    • it is showtime

      I still believe it was bubbled, purposefully. Mar 2014 may have been a test (?) Means they would have ability… to bring down… when… wanted
      Pay no attention to me the kook however as your biotech kills strength on a day… like today…

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  7. tradingnymph

    This is nothing yet. There is ONE big UGLY UGLY Bubble with Glencore and Chinese Hedge Fund Managers being the first victims. No one stopped this bubble. Heck we aren’t even down to SPX 1755 even with China FLASH PMI’s at 2009 levels. Do we see what has happened to Greek Shippers. All beyond Ugly. Yes, I know BoJ and ECB will act mid/late October…but what a mess we have made.

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    • sloop

      You and me are on the same page. We haven’t seen nothing yet!! It’s going to BEAUTIFUL!!

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    • mx2101

      tradingnymph- It’s a pleasure seeing your post here tonight. I was thinking about you this morning, in the context of current market action.

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      • tradingnymph

        MX2101..Thank you! I am still pouting about the market going over SPX 1755 lol and have been sulking. Hi Sloop..Bubbles always pop..this one is just taking a long time.

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        • herbieg

          No One stopped this bubble? Even a broke clock is right once a day …you haven’t been right for Uhmm 6 years…Maybe its easy because you have not in the past had any skin in the game..just your desire to be the next Mrs. Cramer and we all know how that panned out ..Quit spewing nonsense to people who actually invest and could care less about hooking up with guys on CNBC (do I need to remind you about bowtie Jim and the check?) don’t make us go there when you become credible give us proof always interested in legitimate opinions from legitimate investors and always watching out for newbies who do not know the history

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    • sarjoy

      Blah blah blah – I read ZH too

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      • tradingnymph

        Sarjoy if you knew me, you would know that I really don’t read ZH that much. Billet prices yes, thermal coal prices yes, global papers out there, yep and OMG everything on Copper..but not much ZH

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    • bruce keller

      Don’t forget Deutsche BankRuptcy. I like OA’s comparison to 1998… the charts are indeed very similar, even today creating that top shadow. Conditions do seem drastically different, but then again we have QE to make it the same anyway. Don’t forget the ECB still has QE, which is why there is always some magical stupid volume that keeps buying $DB near its lows in huge blocks, only to lose more money the next day.

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      • tradingnymph

        DB is so Ugly too. They have taken on so much high risk after they could no longer fix LIBOR rates, lol, ouch. Maybe, Not even Bubba and Mario can save them? Hard to call.

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    • it is showtime

      My official rewelcome to THE tradingnymph. The permabears have NOT died. I stand FIRM that bulls were only useful idiots in the formation of the next bear. UGLY has been a word we’ve been waiting to use again. It will be the new NORMAL

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      • djmarcus

        Bears out in full force pounding their chests…

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        • the_wolf

          the wolves are here too

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        • ironbird

          When the bottom falls out the permabears barking will mean nothing. Watch high yield. Stocks are your jackass brother in law. Bonds are the head of the family.

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      • tradingnymph

        Showtime..Us Permabears are still alive and have great tans waiting for all of this, lol. Ah the NEW UGLY NORMAL..one that Central Banks can not fix. Iron, FX would say they are the true Family Heads…the True Godfathers, lol.

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  8. chuck bennett

    Crazy taste. I walk away at 1:00 pm, come back at 3:30 and dam! What’s it all mean? Lol

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  9. ironbird

    Senor Fly. This end of the world migrant clusterfuck into Europe must mean something. Cheap maids and butlers for Eurotrash elite? The coming of the moors 2.0?

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  10. ironbird

    Fucking Real Time. Pampered Hollywood ass hammers. Bitching about the weather. God willing the bastards are all in on stocks. Embrace the bear. Bill and his cohorts may have to mow there own lawn. The horror.

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    • herbieg

      If you don’t like what Bill Maher has to say why watch? He is extremely liberal and doesn’t actually vary from his opinion the weather here has been awful probably 5-10 degrees over normal we have a right to complain this is what we are paying for in addition to living at the beach and yes I for one am long stocks and real estate and both have been good to me just ask Howard from Stocktwits how it works here

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  11. blahblahblah

    an abundance of drama queen chatter
    ( xtra homo )

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