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
23,411 Blog Posts

Dip Buyers Punished in Deleterious Equity Breakdown

Pardon my absence today. I’ve been sailing on the seven seas in search of land. Early reports indicate the entirety of the world has been swamped by a once in a lifetime storm which poses a threat to the very existence of western civilization.

Some of you might chide the warnings provided by yours truly; but you will not chide any longer come Monday. You have no idea how deep this rabbit hole runs. This was never about BREXIT or even the EU. The storm that is here has everything to do with credit and how its been manipulated by a corrupt cadre of central banks who papered over largess losses in order to keep banks alive.

Deutsche Bank has a market cap of $24 billion with a balance sheet of $1.8 trillion. Such leverage has never existed in the history of mankind. Currency dislocations will cause liquidity pools to dry up, in turn, commodity prices will unravel and stocks will fall through the fucking floor.

I know these things, and more, because I zip through the multiverse in a god damned space capsule time machine, armed with Orbital Space Cannons (OSC).

All will not be lost overnight. There will be desperate struggles to survive. But eventually all will die, unless protected by the comforts of the ark, or hidden inside a well ventilated gold mine.

This drop has only just begun.

More this weekend.

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30 comments

  1. og

    SCTY up 1% for the day.

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  2. roundwego

    wordpress sucks. no edit of post. there’s got to be something better.

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  3. infinitezuul

    my gld puts were cut in half today. i was up 20% prior to brexit so whatever. took the loss. i agree 100% with your post. brexit is the necessary excuse to start selling confidence in central planning. that is exactly what this is about. many opportunities in the 2nd half. the dynamite is lit. how long is the wick?

    good for those limey blokes. proud of our little brothers across the pond.

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  4. Caffeinated

    Like reading and living a Stephen King novel. Nice and dry here, since January, in the stall across from the honey badgers.

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  5. traderconfessions
    traderconfessions

    Let’s see how well it’s floating a week from now. Any crow aboard?

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    • Dr. Fly

      You have been saying that since I bought it in December. Yet here were are, 18% higher, NEW HIGHS.

      STFU.

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  6. matt_bear

    in major events, i’ve learned to never take action on the first wave….just like from the movie “The Last Samurai”…the first wave of people always get smoked.

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    • bushwacker2

      Yeah, there’s usually a weak rally started by the dip buyers that affords an exit. Of course it eventually fails.

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    • Dr. Fly

      What did I say in my morning post?

      Here it is.

      Now here in the states, we have a proclivity to buy anything, ordinary spendthrifts always in search of a bargain. I am certain there are thousands of you reading this, pondering about buying today’s dip. This is an undeniably lunatic idea, ahead of the weekend, which might prove to be politically toxic for EU member states. I expect to see effort on behalf of the bulls, wearisome behavior, and then collapse. In that order.

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  7. doubleplus

    Seriously. Where the fuck is Bluestar.

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    • matt_bear

      he’s busy committing some kind of act that combines asphyxiation and sexual arousal.

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    • og

      What do you mean? He says he got the top perfectly…

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      • roundwego

        you dont have to get the top. like today you could have just waited for the market to try to gap fill and short the rip. you could have got 20% on tvix today after the move over night.

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  8. chuck bennett

    Haha. Funny stuff.

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  9. dae42

    This site has gone full rainbow giraffe. Buy oils on Wednesday.

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    • moosh

      Sounds about right. What would you do after a couple of days of staring at two pissed off moles and spotty wifi? Drop the jet boat and fill er up. There’s yayo and stripper poles out there somewhere.

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  10. frog

    Indeed things will eventually unravel. But if you know central banks, you know that they will keep the plates spinning in the air for as long as they can. And who knows how long that will be.

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    • ironbird

      Sorry little frog. Duplicity is only dealt with one way. Total collapse. The tape is all you kid.

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  11. bushwacker2

    Don’t look now but there’s a petition for a second vote on Brexit since it was so close and voter turnout was less than 75%. To be debated in Parliament in the coming weeks. I gues it ain’t over until the fat lady (Merkel) sings.

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  12. Po Pimp

    Wish you bulls would quit trying to shake me out of my short positions.

    Assholes.

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    • bushwacker2

      Dude, doesn’t sound like you’re all that confident. Just passing on info. No need to get crass.

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  13. dchanko

    The strategy of the Ark
    “If we are victorious in one more battle … we shall be utterly ruined.”

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    • scottbot

      If I’m remembering my fan fiction right, Russell Crow ended up a homeless wino and the human race could only survive via massive amounts of inbreeding and incest

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