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
23,419 Blog Posts

Market Apathy Reigns, Investors Pile Into Variety Bazaar Styled Retailers

Just about half of stocks traded are down today — painting a vivid picture of investor apathy of the first magnitude. All of the shit being foretold by those wishing for Dow 30,000 are on pause for now. My best guess, markets remain in flux until after the elections. After the elections, no matter the outcome, I expect a very sharp sell off and then a bounce and rally into the year end. Should the Fed be stupid enough to hike rates, you will get your bear market in fairly short order.

Today’s market standouts are in the carinvale like variety store, filled with fucking midget misfits who shoot themselves out from cannons and employ clowns to pester and stalk customers around their stores, hoping to execute a sale.

PSMT +6%
FRED +2%
BIG +1.6%
DLTR +1.6%

Other than that, ‘general entertainment’ stocks are higher thanks to RCL and footwear stocks — most likely due to people buying comfortable sneakers so they could run far away from this asshole of a market.

Gold is struggling again today. The whole kit and kaboodle is tied into the Fed hiking rates. Oh, I hope they do. I don’t mind getting my brains shot out from my thick skull in gold, if it meant the overall market would crack asunder and perish in the fires of vengeance.

That being said, I hope you’re having a great fucking day.

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6 comments

  1. bood

    they’re buyn lower and with 3 hands what you got notice sold yesterday ( risk assets ) really..

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  2. john_galt

    you too

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  3. bood

    me did not change much of my portfolio in the last 2 days really

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  4. juice

    DRAIN THE SWAMP

    MAKE AMERIKA GRATE AGAIN

    HILLARY FOR PRISON 2016

    http://www.nbcnews.com/news/us-news/fbi-re-open-investigation-clinton-email-server-n674631

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    • bood

      the last 3 days really seem’d some tide turning ( I mean law dept other then mass public perception )
      for the first time maybe

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    • bood

      who know that today market collapse has nothin to do with it..

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