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
17,094 Blog Posts

WE WANT MARKETS TO FAIL

I think I speak for everyone in the comments section and America when I say ‘please, Mother Market, crash this fucking bastard through the floorboards.’ Although I voted for Trump, mostly for the laughs, it’s ILLEGAL and against the superstitions that built Wall Street to brag about market returns, claiming they are a result of you. What I mean by that, plainly, is that Trump has done literally nothing to help markets. They just go up freely because that’s what they like to do.

Since 2009, under the evil Obama, stocks have catapulted higher, bringing forth a perverted version of finance — one that is recalcitrant in the idea that pullbacks are unacceptable and that all should partake in this great splendor that is modern day finance. It is a fucking abomination and should be stricken from the earth, cast down into the vulgarities of hell.

We want stocks lower — because we love America. We love America, because we hate everyone else. We hate everyone else, because we’re smart and it’s hard not to. Being happy and dumb are two of the most wonderful gifts a person could have — living out rote lives as a public servant or lawyer. To have self-awareness and a high degree of intelligence is a god damned curse. Sometimes I wish I could lower my IQ and stop the madness. I was much happier when I didn’t know — but you can’t unlearn certain indelible truths, can you?

So, we toil on against the current, hoping for our boats to crash against a wave that sinks us for good. It will be my honor to preside over this great masterful vessel as it descends into the dark abyss, joining the Octopi in a ceaseless peace.

If you enjoy the content at iBankCoin, please follow us on Twitter

58 comments

  1. sarcrilege

    Mother Market was murdered, strangled and asphyxiated if you want to know, by the usual synagogue suspects at the FED with their filthy funny confetti they conjure ex nihilo in abundance. They are the only ones that can help you with crashing this fucking bastard through the floorboards now since they are in charge of that circus.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  2. duuude

    A ceaseless peace…masterful

    • 1
    • 1
    • 0 Deem this to be "Fake News"
  3. smarticusrex

    Oh captain, my captain. Help us navigate our way to the Octopuses Garden.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. doji

    Two known knowns here:

    1) “Although I voted for Trump, mostly for the laughs…” – well fuck you very much.
    2) “I think I speak for everyone in the comments section and America when I say ‘please, Mother Market, crash this fucking bastard through the floorboards.” – Market says, long till you wrong girlie-man.

    • 1
    • 1
    • 0 Deem this to be "Fake News"
  5. soupbone

    your wish will be granted, except for oil. oil goes higher over time.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. tonka

    I’ve always felt that if you are 10+ years from retirement, with steady income and secure housing, a market crash is the best thing that could happen to you.

    Bring it on! The earlier and bigger, the better.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. peso trader

    In the old days we would buy when there was blood flowing in the streets, buying with Belgium chocolate flowing so much harder to get used to.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. joyous__ending

    Too many folks have lived through 3-4 crashes: 1998, Nasdaq 2000, 9/11, 2008.
    Everyone wakes up, looks at the futures and say “Won’t be today”.
    It will take a global bank iceberg, hedge fund, earthquake, pestilence, climate change catastrophe to bring instant short seller euphoria. Likely still looking at a Fed overshoot sometime next year that gives 5-10% off, but my money is still on the crash of 2019.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. ironturd

    This all but guarantees no crash is coming.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  10. juice

    prose floweth forth from the one known as le flea these here days

    very good monsieur

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  11. fxtradepro

    Judging by today’s trade action in treasuries, gold, oil and the late fade in equities , I fully expect that Rocketman tomfoolery is lurking.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • moosh

      Sure seams that way doesn’t it. President Trump has made all of his rounds, in person, to the vital players…nk and Iran somehow not on the list

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  12. moonshot

    Release the Kraken!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. tradingnymph

    Been waiting for it for 8 years. One massive bubble that surpasses anything I could ever imagine when I started studying the formation of it. Only rule of the Markets…Bubbles always Pop. I will be glad when I finally get to see what finally was the last moment that pop this mess China, BoJ, FOMC, BoE, ECB, SNB, etc made such a bubble that the global depression should last for years.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • joyous__ending

      Market may be extended or overvalued, but this is not 1999 when there was heavy margin and outright junk companies on Nasdaq. This is also not 2007 when bank were leveraged on mortgage debt. We do have SNAP today and a few others, but thankfully they are being sold not bid up.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • tradingnymph

        @Joy, I didn’t get a chance to live through those as a market watcher. But IMHO, I have been watching since 2009 the leveraging of debt via commodity financing that China has been doing. The Bad Debt wall that has been the coke since 2009 all leads back to China. Bank of Japan, Swiss National Bank holds more equities then most of the world.of course joins in the mess. A simple Junk Company on the Nasdaq or bad loans on houses looks like child’s play. When this thing unravels it is going to be horrific. It really should have fell apart at SPX 1775ish, but Kuroda had to flood more money into the system along with China’s PBoC and the Cash Wall that the Belt and Road Dream sloshed through.We are beyond in trouble…but Bubbles take forever.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • tonka

          You always struck me as a student of the markets. So you must clearly understand that Shiller CAPE would have to triple in the US for this “bubble” to be the most expensive ever.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • soupbone

            you are neglecting the debt tonka

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • it is showtime

            ridiculous misunderstanding of CAPE. Meaning context&examination. the ratio was skewed during tech because there were “near zero” sales much less earnings. plus was one primary sector, 1929 was entire market, Present-day is entire market

            #1 um triple? what the hell metric shows were still only 33% of the biggest. it’s 95% over the median and over 2/3rds to the highest, as the current 2nd place alltime placement
            #2 To downplay that it’s over what caused 1929, just because it hasn’t reached what is arguably technically-exaggerated, is so densely delusional

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • it is showtime

            correction: present day is entire market + $5-$12T qe

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • tradingnymph

            @Tonka, First as of the close the CAPE Shiller was sitting over 31 which is higher then the peak in1929. Not higher then 2000, but the real issue is that the CAPE Shiller really isn’t the tool I would use. First Shiller just took a random amount of years to smooth out for a biz cycle. 10 years seemed OK, but why not 5,7 or even 20? Plus, our Inflation Problem…Global Central Bankers unleashed Historical, Untested amounts of Liquidity into the markets. Everyone called for Inflation as a result of that. Now, all the Central Bankers are confused on why there is no Inflation or rather why CPI data is not showing inflation? CAPE Shiller calculations are adjusted for inflation from the CPI, if that is giving a wrong reading (which many people would argue when they are paying much higher prices), why should the final CAPE Shiller be trusted?

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • tonka

            Just saying Japan hit 100

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • tradingnymph

            Japan, lol, omg. The Bank of Japan is the SECOND largest holders of Stocks there. Their Pension plan is number one. Only Hong Kong in 1998 was even close to that craziness. We haven’t seen this level of risk in our modern history. BoJ is out there supporting their markets by buying everything….yep, nothing wrong with that.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • tonka

            Japan is only 28 right now. 100 was in the 80s. US would have to tripple to reach that valuation.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • tradingnymph

            When this bubble pops, I doubt we will see a CAPE at the levels you would be worried about. This Surreal lack of Inflation around the world mixed with the risk speculation..makes any economic figure suspect.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  14. bushwacker2

    When cash flow from operations is higher than reported earnings, the quality of earnings is good. When the quality of earnings is good the demand is for stocks rather than bonds. And, if there is no reason for institutional investors to sell their supply of stock out to the market, stock prices will go higher. Keep waiting, keep hoping….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. moosh

    Why are uranium stocks defying gravity, lately?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • tonka

      Cameco cut production

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • moosh

        Do you see any huge squeeze in the near future?

        • 0
        • 0
        • 1 Deem this to be "Fake News"
        • tonka

          I could see some near term overhead supply. Lots of folks stuck after 7 straight down years. But longer term appreciably higher unless the industry gets wiped off the planet.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • moosh

            Lol, someone fake new’sd my question. Thanks for the answering, tonka. I’m dipping my toes in.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • tonka

            Might been me while
            trying to answer …my mobile connection sucks right now

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  16. paradox

    I’ve been wrong about the direction of the market (while still making a little change at least) for the last several years, so obviously I don’t know much. That said, having this incredible, almost decade long, market run end without a final parabolic move up seems suspiciously unlikely. Things have gone up a ton, and forever, but there has been nothing fast about it if one looks at monthly charts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • joyous__ending

      >there has been nothing fast about it if one looks at monthly charts
      Good point
      I really don;t think this bull run has gone on as long as often stated. Mid 2007 to March 2009 was the Black Swan of the century. 2009, 10, 11, 12 just making up lost ground. True bull market conditions have only been with us a few years. We could easily have a flat year or two, 5-10% selloffs. The 2000-2009 time frame was really quite horrific by historical terms and many of us need to consider that is far from the norm.

      • 0
      • 0
      • 0 Deem this to be "Fake News"