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
23,428 Blog Posts

The Futures Mean Nothing When You’re in This for the Win

I know of many people who called the 2008 crash, but never profited from it. Wall Street is littered with such stories, fables of men who didn’t have it in them to see their visions through. Luckily for you, “The Fly” has a heart made from steel and granite, and a brain made from stone. I will not waiver, or flag, in this fight against freedom. Ultimately, this is what it’s all about, isn’t it? The very essence of our capital markets is one held prisoner to a command economy structure, one rife with orangutan styled manipulation.

Am I lying? (extra you’re part eggplant)

None of you really like the markets. Be honest with yourselves for a moment, maybe two. Sure, you might like a few companies that garner an emotional response, some stupid hamburger joint that you like, a flighty cosmetic product that you’re engendered to. But at the end of the day, like me, you hate this market. The very thought of central banks swooping into ‘save the day’ makes you want to detonate nuclear bombs over the NY Fed. Good thing you’re not a fucking terrorist in control of such a bomb, otherwise you might do it.

The point here is simple: eventually, all manipulations end. Humans are too scatter brained and eccentric to accept a rigid form of anything, let alone way of life. The idea of negative rates and/or zero interest rates for people who’ve saved money, eventually, will cause massive levels of resentment and pitched forked protests. The catamites who operate on behalf of the new world order aren’t prepared to deal with such discord.

I guess what I’m saying is, the bounce in futures now, 0.9% for the DAX, 0.6% for the SPY, is chicken feed. If you have a core thesis that extends past a few trading days, surrounded around the idea that this whole big ball of wax is set to unravel, you’d be a fool to buy stocks now–at the opening salvo of what could be the beginning of a substantial decline.

Stay true to who you are and follow your convictions. Hopefully, you’re not a moron idiot and know a thing or two about investing, otherwise keep reading these prophecies and take notes.

Asian markets are lower, led by Hong Kong–down 1.1% so far.

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10 comments

  1. bearraid

    Well your second paragraph nailed me to a T. I hate every single bounce in spy with all of my soul. Fuck central bank manipulation.

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  2. roundwego

    Theyre not going to let spx2000 go so easy. It may need some work unless fresh news.

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  3. bushwacker2

    Are you short anything at this point? Or will go short via a thermonuclear leveraged inverse ETF?

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  4. frog

    “None of you really like the markets.”

    True. And it’s a huge waste of human talent, time, energy and other resources, when people who are capable of writing great literature, or curing cancer, or solving various human problems in our country and in the world, spend their time instead on this– on trying to guess what central bank machinations are going to happen next.

    We do need a better system than this. And some people have invented various systems that people could try out, when this one fails.

    But I also think that the central banks are going to keep the plates spinning in the air for a while longer here. Tomorrow may be Turn Around Tuesday. But if tomorrow isn’t it, the Turnaround is still coming soon to a theater near you.

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  5. JakeGint

    That use of catamites was elixir. Grazie, Signore.

    ____

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  6. pb

    “Humans are too scatter brained and eccentric to accept a rigid form of anything, let alone way of life.”

    Yep. I often wonder how in the hell this country functions at all.

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  7. btn

    If you read the 2008-09 press releases from the FED, Treasury, and SEC, it’s easy to see why profiting from the crash was harder than predicting it: “free market” capitalism doesn’t exist.

    Continues to today with the FED rolling their MBS purchases, the ECB buying corporate bonds, and the BoJ buying equities, for example

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    • it is showtime

      Just to dovetail
      And
      Selfaggrandize

      I was saying that 4 years ago. Death/accelerating death/point of no return death of free market. And was dismissedly tossed&feathered. Hey fuckers: I’m looking kind of right now?!!?!

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      • scottbot

        Seriously, what is the alternative? We can’t all hide in bunkers crapping in buckets and counting our gold bars. I have no problem at all investing in real companies that make or do real things that make life better. I just can’t stand having to support the entire leeching class that sucks the lifeblood out of people trying to do something bold.

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