Exodus is spitting out its lowest technical score since 9/28/15, which was the bottom of the summer malaise at $188 on the SPY. Within a few weeks, the market went on a tear, exploding by more than 10% on the NASDAQ during October. It’s entirely possible that we’re setting up for a similar run in January. Then again, the market is a fucking ‘keg of dynamite‘ and we’re also doomed.
At the end of the day, we’re all doomed. These are the last days, the seminal moments of our lives. We can hem and haw all we want, trade this, that or the other; but the conclusion will be the same: STARK DEATH UPON THE CROSS OF WALL STREET.
Starting 2016, I will be actively pursuing short sales. I am going to keep an active long/short basket inside of Exodus and truly try to profit from the demise of others. I might even take it a step further and create something for you to tap into directly. More on that when I’ve figured out the details.
One thing that I can promise you: the good folks at iBankCoin are dedicated towards the winship of the market and will toil away at achieving said goals. After we toil, we will regroup and toil some more.
Have a spectacular weekend.
If you enjoy the content at iBankCoin, please follow us on Twitter
Keep up the good fight Govenor.
“Seminole”? Even if you got it right, it doesn’t make sense. Are we having wine or whiskey tonight?
Of course it makes sense.
Seminal: important or groundbreaking
LOL. I stand corrected.
Biotech/drug prices will be nationalized by the Hillary beast. That is a fact and everyone but joe knows it. Barring some old lady malfunction like stroking out again which would give Trump a chance? Fade healthcare across the board. Multiple compression not seen since techs death star days.
And if per se healthcare is faded, where would the exit money go too?
Just off a week where zuckerberg said he’s giving away his money to biotech and education. And shcreli owns an unlistened to $2mil wu tang album. Interesting.
Love the idea of the short basket and flagging short sale opportunities.
Fly, 2016 is dickered (extra Canada) but what happens if your shorts get shkreli’d (extra bundle of sticks)? I understand an open short but what if it is just a cash pos? Very cognizant of 2014. It’s important to me.
I smell the smell of brand new space cannon balls being printed le fly.
Fly looking ot identify shorts! this iis seminal .. hasn’t happened since 08-09
I think Janet will say that, while unemployment has greatly improved and the recovery continues, the actions of other central banks, and the economic conditions of their respective economies preclude a rate increase at this time.
Or, she could simply say “eat me, bitches.”
Love Horatio Clawhammer.
Shorting?? Wow. Puts or outright shorting?