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
16,985 Blog Posts

EVERYONE IS WRONG: It’s Time to Get Bear’d Up

No matter what Jeff Macke says, you should know and understand the shopping mall is, inexorably, dead. The inescapable dread of a market that’s way ahead of itself commingled with fundamentals that aren’t worth a premium multiple stands before you like a fire breathing dragon, fixing to roast your balls into hell.

Last year today, this was the exact time to go long and be joyful, yet many people missed the initial move, myself included. This year, mostly everyone I know is levered up and bullish as fuck, which means a great fade is just beyond the horizon.

Now if a garden variety sell off was in order, I wouldn’t bother with the warning. As a matter of fact, I’d sit back and just watch you twist in the wind, enjoying the specter of it all. But the potential for a massive repudiation of this market is more than possible, but increasingly likely. We are talking scorched earth, motherfucker — the type of pullback that makes you seek God and maybe a sex change.

It’s also entirely possible that none of that shit happens and we gently drift into the New Year’s, like so many year’s before, and then collapse in early 2018. All I am saying is, there is a small window for the apocalypse to both form and strike deadly daggers at you, and all of your stupid fucking friends.

I’ve been doing this shit for nearly 30 years, since I was 10. You might think you know something — but the truth is, you’re dumb money with dumb luck and I will prove it out over the course of time — you dumb little fuckers.

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16 comments

  1. dae42

    Dan Nathan is your doppelgänger.

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  2. MSGT HARTMAN

    Online shopping is a fad that will dissipate as more packages go “missing at the post office” or stolen from the front porch. The latest is fake AMZN delivery drivers replacing packages. As it is they drive unmarked white vans with no uniform. Easy.
    And let’s not forget credit card numbers stolen off of servers.
    So we go back to the olden days, Montgomery Wards using cash, buying American products.

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  3. hedge500

    How do I go long Flys ego? Its going to fucking explode to heights we havent seen as this trade works and he called it – ESPECIALLY as every fucking loser out there is on the opposite side and gets wrecked, as he does what his domain name is. Banks coin.

    Hat tip on the Les Gorssman line.

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    • Dr. Fly

      Just having a little fun, trying to trigger some of the dumb readers out there.

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      • numbersgame

        “you’re dumb money with dumb luck and I will prove it out over the course of time — you dumb little fuckers” – a bit more than triggering.

        Plus you are setting yourself up for a lose-lose:
        1) The market goes down, many of your readers lose money, get jealous of your gains and spiteful of the way you rubbed it in, and then they abandon you.
        2) The market goes up, your readers make money, lose admiration of you skills and abandon you.

        Thread that line carefully between entertainment and arrogance.

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  4. pb

    Markets are funny sometimes. What would be most comical, is if we topped out right at year-end, circa Japan 1989.

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  5. bob smith

    I have a slew of Chuck e Cheese tokens that are getting phased out (Chuck e is going digital). I’m thinking about doing an organic, gluten free, non-GMO, vegan ICO with them.

    Who’s in?

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  6. sarcrilege

    Not this year. Early next year. First half of 2018. False flag on one of significant dates represented in kabbalistic gematria, market collapse follows.

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  7. mongoosereflexes

    Starting to consider cutting down on my long positions that I’ve done well on. What’s a good fund or recommendation to move the money into in case we go down (soon or not so soon)? Thanks.

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  8. numbersgame

    It’s too close to December. The near-term market direction and timing is completely dependant on tax reform. To say that corporations aren’t expecting tax reform is contrary to the evidence: rising profits + dropping taxes collected on corporate income.

    If it passes, you can bet that losers will get sold (to get the deductions when they is worth more) this year and high-flying profits will be taken in January, causing the market to reset to normal. This goes double if there is no 2018 corporate tax cut to boost dividends and buybacks – I’m sorry, I meant “to increase workers’ pay.”

    If it fails completely, then the floor on the market will drop out within a week.

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  9. awanka

    Maybe this is the eternal bull market like in the legends?

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