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
18,346 Blog Posts

Time to Head for the Hills — BROKEN ELEVATOR DOWNSIDE ACTION AHEAD

I sold out of my oils and even CLF — most at a loss. I don’t give a shit where my basis is on the stocks, only the last print. By doing this, I isolated my tactical account in a few biotech, one steel, an LED play on roids, and of course SHORT Nasdaq via SQQQ.

Given the recent bounce in markets, coupled with the collapse of Bitcoin and spike in the dollar, I cannot envision a scenario where this market doesn’t pull back. I’m talking scorched earth motherfucker. IT WILL MASSACRE YOU, if you’re not careful.

Based upon my long and storied history trading the market, I’d say there is a zero percent chance of me being wrong now.

Good day.

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25 comments

  1. gappingandyapping
    gappingandyapping

    Am I the only one who finds it ironic that people are pushing equality so much these days yet they will carve out a special day for women or start to make women focused products? If we are all equal why are we singling out women and saying they are not able to use normal products, they have to have their own or their own day.

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    • masteroneass

      Ever seen fight club? Were in the late capitalist post industrial fag contribution award snowflake everything is gay and equal era. I hope it doesnt last more the one generation or two. Just keeps getting progressively worse and worse every year. Everybody is a fag now.

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    • Dr. Fly

      Because that’s what they want — division.

      When Rome conquered Gaul, the enslaved the men and killed a child and told the mother to raise good roman soldiers else more of her children would be killed.

      Best way to control a people is to split the family.

      Modern feminism is anti-male and has little to do with women’s rights. Heck, most of them are lesbians who fashion themselves as men and get angry at pretty women.

      Don’t fall for the illusion that everyone is like this. There are more of us than them — but the power of the media makes it look like the other way around.

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      • duuude

        Indued Fly. The other way is to make them debt slaves.

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      • gappingandyapping
        gappingandyapping

        Very good point. I do love these people talking about wage gaps. If that was true and women delivered the same value as men but for a lower cost input why in the world would any business person ever hire a man when I can get the same productivity as men but at a lower cost. The workforce would be all women.

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        • edn618

          You just pissed out a tremendous amount of male white privilege, whilst standing, I’m sure.

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          • gappingandyapping
            gappingandyapping

            I am glad I am not a white male, but a true Native American. I should be protesting or some shit like that.

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          • sarcrilege

            @gapyap, Too late for protesting. Your ancestors should have killed every Marano that set their sights on your great lands. Your ancestors would have done great favor to the entire humanity. But as they say, no good deed goes unpunished.
            https://tinyurl.com/y7j4dhtu

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          • bob smith

            There is no such thing as an American Indian. They are from Asia originally and have as much right to this land as any other immigrant.

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        • numbersgame

          Gap, you do realize that there is a *considerable* income gap between whites and Native Americans, right?

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      • sarcrilege

        …except, a well organized minority will ALWAYS out-maneuver disorganized majority. If the bolshevik revolution in Russia taught the marxists anything, it was the ability of tiny minority represented by organized Jewry to kill and murder more than 60MM Christians in the most heinous ways only Jews are capable of (vis-a-vis Palestine) while extorting billions$ from Germany and others by fabricating “holocaust” myth. Shrewd. Very shrewd.

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    • numbersgame

      Seriously? You don’t know why men and women have different products? Your theory is “Muh, PC equaility”?

      It’s a f*cking business and marketing decisions. If some women prefer pink razors, then companies will make pink razors, especailly if they cost more. It’s the same reason why Unilever started marketing body wash to Men with a new brand (“Axe”) in shiny black bottles. I can’t beleive that you guys couldn’t figure this out for yourselves.

      As for gender wage gaps, I’ll be the first to admit that 70%+ of the gap has nothing to do with gender bias. However, the gender bias *is* there. Your statement tells me that you are ignorant as fuck about biases in general and how they work.

      You realize that not long ago every actor and *every* professional athelete in the US was white, right? So according to your “logic”, that was because minorities were inferior atheletes and actors. Does that make any sense?

      What you SHOULD have noticed is that the **trend** is to place more women in roles that they typically weren’t seen: CEOs, STEM, Congress, etc. That is the proof that men are realizing that women can perform at these roles.

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      • sarcrilege

        wait a minute here…….did you happen to run into ‘frog’ and she gave you her crib notes?

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        • numbersgame

          Is this your way of conceding to my arguemnt?

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          • sarcrilege

            …it’s complicated. What comes first? Family or Marxism? Women being the bedrock of family in the role of wives and nurturing mothers…or being unbridled sluts?

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          • numbersgame

            The implication (from gap and others) that I was arguing against are:
            1) women must have a genetic inferiority to men because they don’t use “normal” products
            2) the fact that women are paid less than men is evidence that they must be inferior workers.

            The societal drawbacks and benefits of single-parent and single-earner households vs dual-earners is a different arguement.

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    • fryguy15

      Let’s first admit that women are the better of the two sexes. Without women we would be beating the shit out of each other for a piece of coal.

      Answer me this… would you work if there were no women around? Riiight. I wouldn’t even care to take a shower.

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      • sarcrilege

        Goes double for women. You think women would care to take a shower if no men were around?

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      • bob smith

        All the power struggles where I work are between women. Were it not for men, they would have killed each other off long ago.

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  2. stocksnblondes

    No indication that the market uptrend is broken, bitcoin and everything else notwithstanding. I wouldn’t stick my neck out to short until that changes unless you’re looking very short-term.

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  3. numbersgame

    I think before we see elevator action, AMZN will top out.

    Also, we’ll probably have to wait until the NASDAQ 100 tests the 7000 level again before going down. It seems to be gettign close today. Of course, if we hit 6700 before 7000, then that may be the end of the bull market.

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  4. bexpo

    What happened? “OMG tariffs. OMG govt shutdown. OMG Cohn is gone. OMG Trump won the election. OMG no bailouts for banksters. OMG sovereign debt crisis. OMG China capital flight. OMG tape tantrum. OMG jobs…???

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