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
18,460 Blog Posts

May the Gods Curse the Stock’d Market and Flood Your Sheets with Bleak Losses

Good morning lads,

Pleasant day here in NJ — lots of sunshine and the frost isn’t too bad. Markets are selling off and those who are heavily long and leveraged into today’s tape deserve to have their genitals cut off. We really shouldn’t discuss it much further, other than remind people what happens to pigs around these parts of the woods.

That being said, the trend has been sharply higher — so you’d also be highly stupid to be out there naked short. You might get raped.

It’s best to be like me — almost exactly like me, but without all of the eccentricities. I know they encumber my growth in so many areas and they’re not as exotic as you might believe. Sometimes, as a point in fact, they are outright injurious to me. Nonetheless, let us all pray now for the end of the stock’d market and all that comes with it.

While your retirement funds might evaporate into dust and you might be forced to live in the streets with dirty drunkards, it will be a cause worth praying for.

Alongside my longs, I am hedged with SOXS, TZA, and FAZ. It’s a bit complicated, but my gameplan is to time my exits perfectly and then let my longs rip.

First we need some more downside, nothing too much — maybe 1,000 points MOAR.

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18 comments

  1. sarcrilege

    We’ll find out right at market close where the riggers want the market to be…for the after hours bloodbath. Another blown up financial instrument would be nice to keep the suspense and conspiracies going…

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  2. helicopter money

    The yen is a good safe space. Lots of therapy pups there.

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  3. fryguy15

    TL; DR

    Saw an article today that President Orange is considering ending the food stamp program in exchange for (wait for it….) FOOD. Interesting idea. Please discuss.

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    • Cricket

      44 million people using EBT cards. Revenge of the Trump. First he takes the tax ax to the Blue States (NY, CA and IL). Not he takes the ax to the rest of the Democrat base.

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      • Cricket

        Not he -> Now he

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      • numbersgame

        Cricket, it’s not the Buue States that use the most welfare products like Food Stamps. Why do you think the GOP couldn’t break Obamacare? Because Red State Govorners wouldn’t let them.

        Trump is doing this for one reason: to subsidize private companies. Who do you think will be delivering and packaging the food, the Dept of Ag? Nope, the part of Trump’s base that he actually cares about: the 1% stock hodlers and CEOs.

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        • numbersgame

          To be clear, I’m in favor of the *idea* of food instead of stamps, just not optimistic about how it will be implemented by *this* Adminisitration. I believe that Free Capitalistic Markets are more efficient than Government, but also than Government is more cost-efficient than Oligopolic Government Contractors.

          Free markets only work becuase their is an incentive to decrease costs – this is usually not the case in gov’t contracting. Just look at the DoD or FEMA.

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          • sarcrilege

            you, fry, ferd (below) and the rest of you marxists are criminals advocating for illegal activities
            https://tinyurl.com/y74sacfb

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          • numbersgame

            Interesting link to a sad state of affairs . I was halfway through the first article and thought, “this is NIMBY” and not 1 paragraph later that was confirmed.

            I will say that it is most likely card-toting Democrats that erected those laws. However, these type of laws are enacted in the shadows, like the roaches that pass them. You know what happens when you start fining Churches and Charites and imprisoning clergy for feeding homeless people? Laws change.

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    • ferd

      I’ve been advocating for that forever. Have you seen the shit that most Food Stampers bring home to feed their kids?

      If this is about helping people, especially kids, absolutely give them wholesome food and instructions on how to use it. Forget any hurt feelings it may cause in the adults.

      Put Mitt the Mormon in charge …as the Mormons already do this kind of stuff.

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  4. chuck bennett

    You don’t know how many times I see able bodied men using their EBT cards ( food stamps ) buying all types of shit.

    It’s a scam. LGJ know what the fuck he was doing.

    Dude was able to accomplish what Jim Crow was unable to do.

    Break up the black family and make seem slaves again.

    Terrible.

    Regards

    Chuck Bennett

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    • fryguy15

      EBT Cards are traded like stocks over there. Some bodega owners running a racket. 75 cents on the dollar for EBTs. Launder the plastic into liquor.

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      • sarcrilege

        You nailed it right there Chuck. The break up of black families was a blueprint how to break up the cohesion of independent and proud christian society (family, culture, religion, tradition, community and nation) and turn it into dependents and debt slaves – courtesy of the usual synagogue suspects, their filthy confetti and depraved cultural marxist propaganda.

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    • numbersgame

      “You don’t know how many times I see able bodied men using their EBT cards”

      Zero?

      I’d be shocked if you live somewhere that you see men using EBT cards PERIOD. That would destroy the “expert trader” persona that you have tried to create here.

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  5. chuck bennett

    Exactly right Fry

    Regards

    Chuck Bennett

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  6. heaterman

    Being my family is in the grocery biz I can totally and unequivocally concur with Ferd and Chuck.
    The fact that the able bodied are using them doesn’t offend me nearly as much as what they buy with them. Many EBT users do in fact need help due to their $10/hour job at WalMart et al.
    Prepared food (which is the most expensive type of meal per person), snacks, junk food and the like are usually what I see shopping carts full of.
    I’d be all for giving them an “allowance” for canned goods, cheese, eggs, milk, raw meats (not processed)etc etc…even though it would probably dent our bottom line.

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    • numbersgame

      It’s hard to beat a box of pasta for $1.

      Your posts brings up another point: are we subsidizing the poor, or are we subsidizng Walmart and their investors? Without welfare, where would wages go? I think corporations should ahve to pay a welfare tax corresponding to how much their workers benefit from governement welfare programs like CHIP, SANP, Medicaid, etc. This seems like an idea that consrvatives and libertarians would be in favor of as well as Democrats.

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