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
17,980 Blog Posts

YOU CAN’T FUCKING STOP THE MELTUP

Everything you knew about order and the ways things are supposed to be has been tossed down one gigantic fucking shithole. You’re over there in your bullshit suits, shined up shoes, getting your bald head annihilated by a market that never goes down.

Add another 200 on top of the 21,000 we’ve gone up since 2008.

All the while, inflation has been non-existent. Quite honestly, this is the very best economy of all time — even better than the 20’s.

When was the last time we had technological innovation on this scale, with no inflation, roaring markets, super low rates, and a God damned President who tweets stock quotes?

Having said that, it’s important for you to be “in the market” and not only on the fringes. While I’ve been crushing trades in crypto space, it is not the market. Those stocks could go down 50% from present levels and the market would never know. If you’re playing along, do yourselves a favor and take 70% of your money and invest it in a quantitative strategy, like the one I have in Exodus. I’ll be trading that Quant account once per month, which is designed to position in the very best growth companies — spread out across sectors.

Back to the cryptos, my SRAX is the only stock that looks promising. Other than that, especially with today’s IPO — LBRT — I like frackers.

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14 comments

  1. acehood

    Nice, another Richter

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  2. aflow90

    Two whole weeks without 100% gains in NXTD(and w) and your conviction is shaken!

    What a time to be alive.

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  3. truth or consequences
    truth or consequences

    Hive Blockchain now trading in OTC as HVBTF … mining bitcoin, ethereum & monero in Iceland/Sweden

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  4. sarcrilege

    Who said this about a “meltup” market, the very best economy of all time?

    “Parallel with this was a gradual ‘moneyfication’ of the whole of the nation’s labor-strength. ‘Share-capital’ was in the ascendant and thus bit by bit the Stock Exchange came to control the whole national economy.”

    ~??

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  5. Cricket

    “When was the last time we had technological innovation on this scale, with no inflation, roaring markets, super low rates, and a God damned President who tweets stock quotes?”

    Well, excluding the Tweets, President Coolidge? The man who put the ‘Cool’ back in Capitalism.

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  6. fxtradepro

    The action in the Dollar, Gold, and Treasuries (late in the day) suggests this rally in equities is nearing the end. next move is likely back down in yields, further supported by strong demand for the US 30yr and 10yr paper by foreign institutions at this weeks auction. get yourself some TLT for a short term trade higher.

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