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
23,471 Blog Posts

Experts Everywhere Agree: The Bottom is In!

That was a hard racked recession. It lasted all but 8 weeks; but it was the hardest and most arduous 8 weeks of my entire life. Lads were swimming about the frigid waters of Princeton, NJ in search of fish to feed their families. Local townspeople were strewn out across the Small World Coffee outpost, with broken brokerage statements in one hand, a pink slip from their Bakken oil field operations in the other.

I, as an onlooker, was powerless to effect change. I took to the internets, like a modern day Robinhood, to take from billionaires, like Broadway Bill Ackman, placing sums of coin into the pockets of my readers, so that they might buy themselves a luxury or two. A soda pop here, a bag of popped corn there.

All that in mind, markets soared today, in magnificent fashion, higher by 348. Gains were abundant everywhere, even for Pershing Square. The late date reversal we all bore witness to in VRX, going from $59 to $65, was nothing short of a miracle, equal to that of Moses parting the red sea. If, by chance, you were a devil atheist before today, you should be convinced hitherto now that there is a supreme being watching over us.

The internet agrees: the bottom is, inexorably, in.

The Bubble Basket inside of Exodus moved higher by 3.65% today. And, the GARP portfolio, which is a semi-annual actively managed portfolio by yours truly was +1.9% to the good.

Rejoice and pop champagne corks into the faces of the most vicious of bears. They can do nothing other than sit back and watch you pour the liquids of success over their childish heads.

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14 comments

  1. it is showtime

    “so bedazzling”

    The little guy can “get back in”

    before the final plunge

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  2. stockslueth

    The sirens of calamity beckon you to join the party. I can’t wait to get flat.

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  3. uglyflint

    Sell now.

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  4. tradercaddy

    I must have missed the recession (2 consecutive down GDP quarters/2 % rise in unemployment).
    But then again, if one is unemployed or loses $$ in market it’s a personal recession.

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  5. aformalcat

    Sarcasm?

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    • tradercaddy

      I guess so after a re-read.
      As they say in Princeton, NJ (and Greenwich, Ct.) STLM (stock trader’s lives matter).

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  6. blahblahblah

    it’s super cruddy TVIX time again ! is it going to 6? maybe. lower for longer? i doubt it.
    speaking of lower for longer the 1.59 gas yesterday is 1.75 today. lolz.

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  7. frog

    This way to the Ark exit.

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  8. dae42

    Buy the rips?

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  9. pb

    If it looks like a bear market rally, it is a bear market rally. Case closed. Prepare to short the fib queen retracement.

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