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

Constructive on Any Near Term Destruction

As many of you know, “The Fly” is calling for the end of western finance sometime this century. For most of you who aren’t immortal, you might miss this momentous event. I, on the other hand, intend to preside over this event, fully robed and flowing, leather sandals adorned like Moses, which is forthcoming in the most earnest of ways. Moreover, I fully intend to profit from it — feeding off the blood and the accounts of those foolish enough to believe they could live so carelessly and ignore the perils of rigged markets indefinitely.

But today’s weakness is a mere pittance, a distraction from the true dangers that lurk around the bend.

Markets have broken out of their recent ranges and will most likely trend higher for the next week or so. Having algorithmic intelligence at my finger tips, in Exodus, I can tell you that shorting into hot markets is a low probability bet.

Listen to me. This isn’t the moment of truth or the time to go all in bearish. This is a farce, a ruse, to lure you into an indelible circumstance from which you will depart all the lesser. Bide your time and take a few moments to enjoy the North Eastern foliage and take heart in the fact that a great storm of epic proportions is coming and that when it comes you’ll be prepared. But for now, avoid any temptations to venture out into haphazard bear traps.

Stay aboard the ark, or in the mine, for they are impenetrable vessels, impervious to inclement conditions and deleterious winds that pose grave risks to your well being.

 

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4 comments

  1. superb

    one of my favorite song. thanks

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  2. roundwego

    oil crashing back to reality? lot less oil to burn when people are not driving to work and inventories are piled to the roof.

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  3. tradercaddy

    So I just read a headline that there is now a proposal by the Fed that Banks can’t hold physical commodities (didn’t read the article).
    This must mean something bad for gold, silver, copper, oil, etc.

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