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
23,431 Blog Posts

WALL STREET SET TO ENDURE PAIN: STOCKS PLUNGE, RISK OFF ASSETS SOAR

You can’t say I didn’t warn you fuckers. Since when do you have an actual idea how to manage money on your own? The timeline that I am keenly aware of displayed a group of morons who got lucky after election day, felt a lot of hubris because of it, and has been fucking up ever since then.

Meanwhile, it was this guy who got you into uranium stocks in the beginning of the year for an 80% win, an unheard of anomaly. And it will be this guy who stems the bleeding, setting you back on the path for righteousness to pursue the American dream — replete with fire and brimstone.

Stocks are set to plunge by more than 200, based off memogate. It really is a confluence of events that have accumulated that have traders believing in ZERO economic stimulus items being passed by Congress. How could they, after all, whilst busy chasing their tails and this Russian business?

European stocks are off by 1%, bitcoins are higher by 3.5% and gold is shining like a brand new Ivanka Trump bracelet, higher by 1.5%.

Bonds are rising too, with yields on the  10yr down 7 basis points to 2.25%.

The knee-jerk reaction to any meaningful sell off will be ‘buy the dip, we’re all homos. Let’s suck some dicks.’ But that’s because you’ve been programmed to be stupid. The success in beating down the VIX will prove to be a key factor in defeating many of you in the days and weeks to come.

We’re overdue a bigly market sell off. Get your portfolios crash ready.

Top picks: TLT, GLD

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13 comments

  1. sarcrilege

    get ready like this?
    https://tinyurl.com/m52vt5y

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  2. dragun

    O/T here but got censored on TWTR for tyring to post this link. Changed link and story

    http://www.reuters.com/article/us-eurozone-greece-strike-idUSKCN18D0I9

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  3. dmfracer

    Cash except for some lousy $EDIT May calls. Awaiting the buy signal (extra Exodus)

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    • oilerua

      could be a while , may+summer+trump@gate may deflate the trumptrade

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  4. mad marsupial

    Fire. Brimstone. Uranium. Vix. Should be a cool party…. I’ll bring some bling.

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  5. ironturd

    Get to watch the market put in a top and you guys cheering the impeachment process? Sign me up.

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  6. jtizzle

    Ha. 1% drop = stocks plunge.

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  7. john_galt

    Yes, money (and a lot of it in a much shorter time) can be made when the tape reverses, albeit once in a blue moon

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  8. ericbakerbruce

    I’ve been on the ark a looonnnggg time. Might be time to get off with all my gold.

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  9. paradox

    It’s posts like this that remind me why I frequent the site. Classic.

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  10. aciiq501@att.net

    Notice how much better than Ark works with the giraffes back onboard.

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  11. bushwacker2

    Went to 55% cash this morning. The res allocated to gold, TLT, IG bonds and bitcoin.

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  12. roundwego

    The consumer is out of credit and defaults on the rise. Printing is futile.

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