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
23,460 Blog Posts

Markets Reverse Gains; Heavy Losses Underway in the NASDAQ

You god damned animals are going to be punished, soon and swiftly. The rally that you chased this morning slowed down and revealed itself to be a fucking four headed monster. Now it’s chasing you. And when it catches you, it is going to root out your guts and turn you inside out.

NASDAQ

On the upside, is the clown-heavy silver and gold cabals, both enjoying stupendous gains. Just look at the shares of EXK, AG and FSM and marvel at the splendor of a decadent silver class. On the downside, inexorably, is IBM and the entire biotech and homebuilder sectors. Semis are to the downside as well, with large losses in RMBS, CAVM and moderate sized losses in other stupid stocks like MU and AVGO.

I won’t make a big fuss out of this very minor reduction is wealth from the investor cadre. Nonetheless, just know that I am actively rooting against them, with every fibre of my existence, dating back generations of Celtic tribesmen, running about the green fields in search for potatoes and ale.

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8 comments

  1. lplongo

    I figure XLE needle nearing OB in Exodus. I am also typically early when I move on OB so probably Friday trigger.

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  2. speerothekid

    Reversing reversal…

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  3. frog2

    damn this post missed the bottom tick by 1 min

    it’s time to make some more lateral moves

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  4. el rey de cucamonga
    el rey de cucamonga

    Potatoes and Ale for everyone!

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    • Caffeinated

      I’m sorry, I can’t deal with anything else since hearing about paying $29k to name babies.

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      • frog

        It is a symptom of our time. Due to the extreme wealth inequality, there are people in dire straits without a sufficient safety net, while other people who have more money than sense piss their money down the toilet for stupid things.

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  5. bushwacker2

    Let the bodies hit the floor…

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