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
23,474 Blog Posts

This Sell Off is Straight Up Bullshit

I haven’t seen a good looking -150 day like this in awhile, truly indicative of a market begging to go higher. Although the Dow is off by 150, breadth is at 50% — meaning half of the stocks traded are green for the day.

My positions give zero fucks and are all higher.

Observe.

positions

At the end of the day, people want to speculate. Look at that god forsaken $DRYS — lifting higher on bullshit news.

In other words, this sell off is straight up bullshit. It looks like Exodus will be right again and stocks will begin heading higher — starting with tomorrow’s session.

Bottom line: with the dollar down by 1% v the euro and base metals ripping through the roof, this market is like a tinder box waiting to detonate and explode. I would not hold onto any shorts here. Book the trade.

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10 comments

  1. john_galt

    Actually the opposite is likely to happen. Sell your stocks on rips and buy downside protection near the high of the day. Set your stop on shorts if Monday’s gap is filled.

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  2. infinitezuul

    Fed gonna hike tomorrow and stocks are gonna love it…

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  3. mr.wiggles

    There are no sellers left in uranium stocks. They’ve been going down for YEARS. Pullbacks are mild. The bottoms in. $UEC

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  4. it is showtime

    2PM – 3:30PM: Government bankers turned on a Nasdaq boost subroutine. Straight line increase for an hour and a half. That is the stock market being controlled, if you’re wondering

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  5. soupbone

    if not cock and balls formation, at least it is cock.

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  6. mr.wiggles

    Apple beats and the stock rips higher.
    Dow closes up over 120+ tomorrow.

    I’m calling it now at 4:16pm

    Go fuck yourself

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  7. jacked rabbit

    I can say with complete certainty I am going to hell for owning CLF and UEC. That or my son is going to get taken by a Yeti on the way to school.

    My Zecco account gave me three different times to get out of the trade before it submitted – never saw that before.

    The last one popped up as, “Are you sure about this, dumbass? Wait a day or maybe just give the money to a homeless one-armed man with an IFON.”

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    • soupbone

      may god bless and save you, and us, if He exists which is not likely, but what the fuck.

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