I sold out of all of my positions today, excluding my quant. This fucking market is just getting started on the downside, led lower by a tech sector that is fat and bloated, dying to get popped. FANG stocks are off by 3%, led lower by robotic Zuckerberg, mechanically taking losses like a true machine today.
I took action before the end of day bombing hits, buying both UVXY and YANG — a levered bet on volatility and short China, not once, or twice, but three times.
Look at that shit right there, poised, eagerly waiting with the energy of 10,000 thoroughbreds.
Betting on nuclear war with N. Korea is fun, considering the ancillary benefits — such as harrowing nuclear fallout in Beijing. We’ve got work to do here, getting ready for the broken elevator trading action. Complacency is still imbued in the air, thick with narcism, a false sense of entitlement thanks to 9 years of Federal Reserve assistance. All of that is ending now. A new beginning is beckoning, one formed with malice and built upon a pedestal made from weakened clay.
Prepare for bedlam.
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Betting on Nuclear war? thefuck?
Not betting, hoping for it.
“Betting on nuclear war with N. Korea is fun,”
if one likes to lose.
Not advocating, just quoting Fly’s post, which seems to contradict his comment
Buying tops and selling bottoms….. love it
The master-manipulator-fucks get to see me increase a few Th$ou,
Based on goldmans y/e, “This view explains our year-end 2017 target of 2400”
The psychological game is won when they can’t get another fabricated&peddled stairstep. And they know it, And they know it’s inevitable. Doesn’t matter how long it took
Prediction: The sun will stop shining.
Doesn’t matter when. I called it.
Survey Says:
Wrongo
The sun was made by Big Daddy. The post-lehman equity increase was made by apes in sheep’s clothing.
Stop being obnoxious, dumbass.
May we call you “FIZZed Face” now?
I’d like to beat you like a piñata.
you could try, but you’d probably swing and miss.
Don’t make me start eating meat again, head to the gym for a few months, and then track you down.
Your first steak and bacon strips after your vegan trip is going to be AWESOME!
lmao
Better to short the dead cat, maybe tomorrow.
End of quarter coming. Mark ups in FANG stocks start tomorrow. Time to short is next week, you’re early.
C’mon man you were long af yesterday!
And you will be alive one day, dead the next.
lol true
Volatility is opportunity!!
True that!
Boom Boom https://www.youtube.com/watch?v=e2GEs-SMGtE
Fact is the S&P 500 annual return is not likely to exceed that of 14,15,16 and its at 11% now. Odds are the market will be flat to down to year end. Any pullback around 10% will get mightily bought. I do highly recommend EGO for the current scenario, improving fundamentals with gold leverage. Disclaimer EGO is my largest holding.
Love it, but same ‘ol thing for the past five years. What’s different this time?
What’s different is that the PE multiples are higher. THis doesn’t mean stocks are more liekly to go down, but it does mean that the losses will be higher at the turn
Where are all the forkin’ BOOLS from a week ago who
talked me into going big-assed LONG despite earthquakes,
hurricanes, floods, Rocket-Man nukes and all the other
Bool Shit?
As for FANG, I’ve always thought it should be “FAnG”. Consider how much information and power 9relly one in the same thing) Google, Amazon, and Facebook have compared to Netflix. Also consider this:
market cap revenue net income PE
googl $641B $90B $19.5B 33.9
fb $473B $28B $10.2B 36.4
amzn $451B $136B $2.4B 239
nflx $77B $9B $0.2B 217
Google literally makes 100x the net income of Netflix. These companies are nowhere near in the same league. The only thing they have in common is that Millenials are slaves to them all (both the stocks and the companies)
Good point, and add in different revenue streams at that…amzn chart looks like it’s ready to maybe shred some cap