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
23,445 Blog Posts

Enjoy the Bounce; It Will Be Short Lived

Oil is leading the market higher, which means the House of Saud is your master…again.

Biotechs, however, were delivered death–indicative of risk off.

What they’ll tell you about today is that stocks bounced, soon to be bankrupt oil companies rallied, and how oversold we truly are. None of that matters when the leading industries are utilities and government bonds continue to gain steam.

utes

This market isn’t built to rally, only to crash into brick walls in cars made from dynamite sticks. Breadth was below 60%. Participation was pathetic. If you bought into this rally, you’re playing yourself and deserve to lose all of you money, and much, much more.

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5 comments

  1. frog2

    https://m.youtube.com/watch?v=lI9jywQ4cgc

    Shkreli is in the middle of a federal investigation and issues death threats to a rapper, while drinking wine

    and he’s not joking

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  2. infinitezuul

    Buy stocks now or get priced out of the market for the rest of your lives.

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    • it is showtime

      What happened to —- DOW – 20 – K

      huh? bulls? huh? what happened
      to dow20k. it was all a joke just like you

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  3. zerosum

    Short CL, first trade of this year. I’m usually early.

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  4. aloushi

    Congratulations, you played yourself. – DJ Khaled

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