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
23,433 Blog Posts

Poof! Yesterday’s Gains are Gone

Markets reeled today. After they reeled, they reeled some more. There are many reasons to be worried about your stock portfolio, which is most likely filled with complete shit. The Japanese Yen continues to fireball higher, in spite of NIRP. Because of NIRP, european banks are beguiled by losses and they’re mounting.

Here in the states, our consumer, which was once the lifeforce of the market, is missing in action. Every once in a while he emerges out from the crevasse to rear his gluttonous head. Judging by recent earnings reports, he’a dead.

Stocks raced lower today, shedding 200. The Nasdaq fuckery is real. Shares of AAPL are down 26% over the past year. There are hardly worthwhile endeavors in the tech space anymore.

As the tumult and chaos reign over the land, a quiet soliloquy, almost of an ingenious musical nature, ebbs and flows without pause. It floats over the flooded landscape, filled with the species of this world, so that when the pain recedes, we can start this world again–but without the fuckery and the chicanery.

The ark floats.

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2 comments

  1. Caffeinated

    Nice of Merlin to stop by again

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  2. it is showtime
    it is showtime

    Death —- to — the — Nikkei

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