iBankCoin

Stocks Fall on Open: Welcome to the Grindhouse

The back and forth of the market is equal to that of that little aluminum can opener on a soda can. You know what I mean, right? As kids, we’d twist that fucker to and fro, reciting the letters of the alphabet out loud. When it fell off, the last letter recited would represent the name of a future girlfriend.

We were devilish boys, bad mostly. I had dozens of friends growing up in my neighborhood and about 2 or 3 of them made something out of their lives. On paper, I was supposed to fail, but I didn’t. I’m too stubborn.

Markets opened down 100. It will not recover unless WTI bounces. The recent drop in crude has become a thorn in the side in an otherwise happy group of bulls.

I’ve never viewed volatile markets favorably. Some people delude themselves by declaring it ‘healthy.’ I always felt ‘healthy’ was up 40 points per day.

That being said, it’s perfectly normal for stocks to struggle in September and recover in October. Heading into the holiday season, it’s imperative that H. Clinton not die and win the election. And, also, retail sales must improve, in order for the market to truly breakout.

Until then, avoid the Grindhouse. Go eat a sandwich and watch a good movie.

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6 comments

  1. natehois

    hahah I remember that can tab thing, never ended up with a Yolanda though.

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  2. infinitezuul

    Grindhouse is an awesome movie. Pardon me, film.

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  3. 99 lead balloons

    My first and only was a hillary.

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  4. lplongo

    Great advice, Fly. Market gives us a few opportunities a year where everyone looks like a genius. For those of us that aren’t, better to sit this stuff out and wait for those – using IBC to help identify those opportunities.

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  5. roundwego

    look at hourly on dollar. market will frustrate as liquidity crash is fire is fought, but the dominant trend in dollar is up.

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  6. roundwego

    Die you piece of shit oil.

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