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

Wall Street Enjoyed Superfluous Gains in May, But June Looms

It’s fucking looming you faggots. Are you terrified yet? You probably should be.

Contrary to popular opinion, October isn’t the worst month for markets. According to recent history, that designation now belongs to the month of June. Chalk it up to billion dollar hedge fund managers packing it in for the summer — leaving fuckhead junior at the trading turret with strict instructions not to fuck anything up.

Each and every May, the market feels terrific. After all, what’s not to like about these seasonal gains?

What usually happens around this time in the narrative is piker brokers/self-directed investors start to feel good about themselves — thanks to the gains. They start doing blow off their red bull cans, trading on margin, even partaking in high octane option trades. Then June swings around and the hubris gets in the way of smart decision making. Plus the caffeine/cocaine induced haze makes it difficult to think clearly. Markets dislocate. Junior fucks up on the trading turret. Satisfaction is demanded. People get whipped whilst swinging from gibbets across the Hamptons. July brings forth a calm normality.

Read that and weep, fuckers. The NASDAQ has been hammered in each of 6 of the past 9 years. How do you intend to grapple with those odds this month? Will you ‘play it by ear’ or simply get fucked up again and then spend the rest of the year trying to make up for your ‘June swoon’?

June, more or less, is like a giant middle finger in the face of traders — dating back a decade now.

Personally, I don’t give a shit. My quantitative model has been thoroughly vetted and I trust it will respond to negative market conditions, should they arise. Plus anyway, I still have 10% in GLD/TLT and another 20% in cash — waiting to be deployed when the market is oversold.

Enough about me, what are you faggots gonna do?

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17 comments

  1. john_galt

    Load up on TLT, GDX, SQQQ, and USO

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    • mushroomz

      All in $XIV, $FAS, $DRYS, bitcoin, dogecoin, pepecash, Chinese burritos and Mexican baseball teams

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  2. gappingandyapping
    gappingandyapping

    Let’s be honest, nothing is going to take this market down at this point. There is too much bad stuff out there and nothing matters. This time it truly is different.

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  3. bushwacker2

    Buy the dips. Too much money still in bonds that eventually will be repatriated to stocks. The future of the 60/40 balanced portfolio is death with bonds still near all-time highs.

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  4. sarcrilege

    Not gamble in rigged and manipulated markets, that’s what this faggot will do. And continue to sleep, literally, on his winnings.

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  5. ironturd

    Nothing like a good top tick

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  6. nemesis

    I’m going to eat a sandwich.

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  7. stockslueth

    I couldn’t care less about June.

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  8. Caffeinated

    Fuck a can of corn? Come on, we haven’t seen that phase in a long time.

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  9. mushroomz

    Anyone know of a good sandwich shop in NYC? I’m thinking of trying Faicco’s.

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  10. heads up

    Even a broken asshole farts right twice a day. Keep calling, eventually you will be right. Until ha haw.

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  11. wordofmaoth

    going to be heavy cash, add to names I want on the dip…. GOOS TWTR DOW(paired with smaller chemical company) UCTT for starters then trade the smaller speculative stuff as traders will be looking for the action as it rotates thru all the various chart steups…anticipating setups just as they seem to be hitting radars….continue to like many of the chemical names, also keep a list of the hot names NTNX, VEEV …interested in playing the twitch gaming trend via EA or LOGI… i dont play games, but all my younger friends do …watch twitch and see the gaming growth..kids are being taken out of concussed field sports and out of daycare and stuck in front of screens with computer gaming. The League of Extraordinarily Feminine Gamers(LEFG) is upon us. With the emasculation of CIS males also being a trend…beauty, health and maintenance is also secular trend.

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  12. hugh hendry

    We’re gunna buy bitcoin, duh.

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  13. gary g

    I can’t even begin to say how fucking wrong these stats are … but you basically have a sample data of 9 points … 9 points!!!! ROLF

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    • sarcrilege

      It wouldn’t matter if it is 9 points, 90 points or 9000 points. Everybody has a strategy until they get punched in the face. “Traders” are trying to find patterns in markets that are valued in fake money, nothing more than confetti central banks can pour into bonds/markets at will. Nothing matters if you have cretins in CB’s playing with chips that cost them exactly nothing to create. It’s gambling, no fundamentals or logic – just bunch central bankers laughing and having fun with you guys. Same as Zimbabwe some time ago, Venezuela now, Tulipmarket, whatever – but have it your way.

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    • Dr. Fly

      Get to head out of your ass Gary. No one is making a prediction over the past 9 years. I am having a discussion. If you want me to pull up 70 years of stats, I can do that. Nothing is wrong about the stats. Those are actual returns dipshit

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  14. gary g

    That’s not an edge pal, that’s a coin toss

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