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
20,326 Blog Posts

Having Fun Yet? This is a Bear Market

This market has a certain finality to it. You can sense the storm brewing, the indescribable calamity to come. Earnings short fall are swiftly met with decapitation. Entire sectors are dropped into large vats of grease, then lit aflame. The small piker investor is tossed out into the winter winds, without clothes or weapon, then told to hunt.

News flash for all of you: if you aren’t investing in your business, staying informed by reading the missives of persons of superior intellect, you’re already behind the curve. I implore you, for the sake of your children and your children’s children, join the league of top hatted gentlemen inside the grande halls of Exodus and get an edge.

Stocks careened lower, despite what the indices said. I shed all of the gains made yesterday and I am now expecting the very worst to close out the week. The respite was had, and enjoyed. I expect chop from here until January 1st. After the New Year, I expect the market to drop 10% in January, fucking every single person who bought long into what they thought would be “The January Effect.”

X-mas has been canceled.

Chanukah has been canceled.

Fucking Kwanza never happened.

Enjoy the rest of your miserable days.

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

10 comments

  1. t.c.

    Christmas is still on. Janet has a special present for your tree.

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

    I don’t have a clue like you but next year is elections and liberal Ms Yellen is going negative interest rates-NIRP and then to please the Democrats and get Hillary elected the rollout of QE 4!!!

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

    Amazon up 100% for the year

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. razorsedge

    I’m long Starbucks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. teslawasright

    La casa es blanco

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

    sold SBUX at 62.50. that was easy. the end.

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

    The picture of that baby is killing me. Hysterical.

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

    Long SBUX, will add if it goes below 58. I need to try Exodus again. I’ll send Vince an e-mail in the next week or so. I spent an hour with it when it first came out, then got crushed with other things before I figured it out. I really don’t want to be decapitated and thrown out into the winter winds with no clothes.

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

    Nobody is having as much fun as Ackman these days.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. pb

    The “xmas rally” theory is long overdue for total failure.

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