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
23,441 Blog Posts

Quick Question for Weekend Warriors: Are You Retarded For Being Bullish Now?

This is a very simple yes or no question. The reason why I ask if you’re Mongo retarded for being bullish now is because all of the data suggests you are. In fact, the leadership has been racked with losses and the riskiest of equities, best represented by my “Bubble Basket” is now down 12% over the past month and only +2% for the year.

This index was up nearly 20% in the beginning of January.

So what are you fools banking on anyway? The FAANG complex has been destroyed. Semis are finished. Bitcoins done. Banks are a joke. Oil can’t string together more than 3 days of upside. You have no leadership.

Without leaders, the weak and the mentally addled with drift off into the blackness of the oblivion.

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52 comments

  1. lastbid

    That’s a 100 percent retarded blog post.
    Market goes down like this, aka corrects, correlation moves to 1. Sentiment extremes and margin calls are not about leadership.
    But please, just keep on doing what you are doing. You been a wonderful contra-indicator since the Feb puke.

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  2. goose20

    Cramer says No, S&P 500 to at least 2800. VIX not going up as market drops?

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    • numbersgame

      Cramer’s a shill.

      Plus, VIX is double what is was a year ago. Also, now the 20 handle carries all down the motnhly VIX futures

      Trump’s election (11/9/2017) – VIX spike (2/2/2018)
      310 *straight* days the VIX went been below 15 intraday
      (looking at data from 1990 omward, this is a record and twice as long as any streak after 2000)
      18 *total* (including the first 3 after election) that the VIX has made it above 15

      VIX spike onwards:
      3 *total* days VIX made it below 15 intraday
      44 *straight* days and counting that the VIX has made it above 15

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      • moosh

        Holy shit dude, what is it with your spelling? What robot facade are you trying to put on?

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        • numbersgame

          Robots spell great; it’s the foreign trolls that have issues. Anyway, my issue is poor typing skills (not spellign) and not giving a damn.

          Because people interpret words as letter groups in context, and not actaully letters in sequence, the posts are usually perfectly readable anyway, although sometimes even I go back and fix words when it gets atrocious.

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  3. sarcrilege

    Au/Ag always was and still is an ideal and universal hedge in times of political, financial, geopolitical and economic uncertainty, turmoil, upheaval and phase transition. If you’re not hedging w/ PM, you’re all retarded for not seeing the dramatic changes the world around you is undergoing and the hurricane that is coming your way.

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    • fryguy15

      A bank CD is a better hedge than gold. 1360 ok.. 1400 is as high as it goes and the downside risk is significant

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      • sarcrilege

        Comic relief. Well done, sir.

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        • metalleg

          Many will realize the importance of owning the shiny stuff only after they’ve had their balls cleanly sliced off.

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        • fryguy15

          I would invest in gold, just not at these prices.

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          • sarcrilege

            PM is not an investment in times like these. That’s your hedge, your protection, your insurance, your backup and lifeline if things simply go very very wrong. You’re looking at the roof meanwhile the fire is in the basement. JPM is stacking phyzz silver, China, Russia and Iran phyzz gold. Why? Tradition? Being dumb and collecting pet rocks?

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          • metalleg

            Things will go wrong. It’s a 100% mathematical certainty.

            I cannot be proven wrong.

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          • fryguy15

            When things go very wrong like when?

            All bear markets are simply opportunities.

            The natural path of the equity markets is up. It’s been this way for a very very long time. THEY will not allow it to really fall apart.

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          • metalleg

            They may not allow it to fall apart but they will be propping it up with a worthless US Dollar. $21T in debt and growing fast. $200T in unfunded liabilities. Not sure how long they can keep things going but the path we’re on is unsustainable and we can no longer grow our way out to right the ship.

            Near 0% interest rates for nearly a decade is a pretty good indication that everything is fucked up.

            If you don’t own some physical metals, there will come a day when you won’t be able to get your hands on any, at any price.

            You don’t have to believe me. Just do the math.

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      • Dr. Fly

        FAKE NEWS

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  4. fryguy15

    Wait, are you suggesting it’s time to be bearish now? AFTER the S&P lost 200 points? Just clarifying.

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    • fryguy15

      Never mind. Just saw the FAZ post. That might be the worst entry i’ve ever seen.

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    • Dr. Fly

      Yes, but this isn’t about me. You’re boolish so that means you vote affirmative to being retarded.

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  5. rpajam

    Your own algo is only a few points from being oversold. I bought a few calls into the melt down on friday- most likely they will melt into zero but we shall see.
    BTFD is dead…. we shall see….

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  6. heckler

    Cyrptos and Weed. Lot of year left

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  7. joseph25

    Cash. Sidelines. Patiently waiting.

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  8. moonshot

    No.

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  9. cancel19

    When all hope is lost on basically bullshit one should BTFD!

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  10. soupbone

    Timely cut-down for the old parabola social media, and not much damage done. No.

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  11. fryguy15

    The only thing that keeps me worried is the reverse POMO going on with the Fed’s balance sheet. We are swimming against the current, I get it. Still, markets have gone up, and a lot, in a tightening environments in the past. This time will be no different. Up before down.

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  12. ferd

    Another mass shooting.

    But this time no one says a word. No march on DC. No nothing. Only one national politician out of 435 (senator Sanders) lamented the murders – albeit weakly. And this particular “gun violence” …this terrorism ..is paid for and supported with your tax dollars.

    We are indeed under control of a foreign government …and it ain’t Russia. Now go enjoy a nice dinner little bitches.

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    • sarcrilege

      Speaking of shootings. Trump is our man. I like him more and more. Trump issued Executive Order directing the troops to “assist the border patrol” in guarding the nation’s existing border fence. Yeah!! Forget the wall. Let’s shoot some Latrinos instead. As soon as these spics get close to the US border we shoot their heads off. I mean, why not? If God’s chosen kikes can use Palestinians for target practice w/o any consequences, it must be ok…Yes? And then after these under-18 chicos are dead, all Trump needs to do is label them as violent terrorists and it’s all kosher. Israeli militarized police in war-gear are peace loving and gentle human beings and unarmed civilians are the violent non-human (goyim) terrorists. See how easy it is? And yet again we can thank God’s kosher creatures to show us how it’s done properly and effectively.
      https://tinyurl.com/yb5vhgjw

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    • sarcrilege

      Or, better yet, our heroic troops, instead of offending snowflakes with latrino heads splattered all over the border on Mexican side, they could just “shoot to cripple” these invading, although unarmed, spics with hollow bullets. Just the way those kind, humanitarian, peaceful God’s chosen people in Israel do it to Palestinians. I mean, if (((they))) can do it, it must kosher, yes? We can agree on that, no?
      https://tinyurl.com/ycxbazoo

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      • numbersgame

        You’d think a right-wing nut-job would realize that hollow-points are designed to inflict more damage on targets by expanding upon impact as opposed to pointed rounds that often pass through soft targets (people without body armor) and usually cause more collateral damage.

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    • sarcrilege

      Or even even betterer yet, if we are on this topic, bullets are too expensive. Let’s just kill all these spics here and be done with it. But we must do it legally. We need to elect politicians into the DOJ that will pass a law that will make mass murder fully legal and proper by the law. We need somebody like Ayelet Shaked, the new justice minister in Israeli government. And then post it on Facebook. I bet a mass murder of dirty mexicans would get the new DOJ minister thousands “likes” on Facebook. That would also be very kosher. Even though Facebook labels Palestinian journalism “hate speech”, I am sure (((Zuckerberg))) would be ok with promoting and liking mass death of dirty latrinos. They are goyim afterall so no big deal. And we have to make sure we kill all the mexican mothers who give birth to these “little snakes”

      It is a call for genocide because it calls for the slaughter of Palestinian mothers who give birth to “little snakes.”

      https://tinyurl.com/jyz86h8

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      • moosh

        No worries sarc. The time is light speed traveling towards us that will allow us to set tazers at stun. Beam me away, scottie.

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  13. 99 lead balloons
    99 lead balloons

    Didn’t Trump himself say the market was going to go down in the short-term but will go up in the long term with his tariffs War

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  14. moosh

    Le Fly, is this your way of sashaying (no homo) by way of 6ix9ine, into future leadership of the trannies?

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  15. masteroneass

    Bullish. Why did people stop buying crypto? because it kept going down. As the saying goes when others are fearful, i am greedy. well i see no crytpo vix. I see no plunge protection. I see no regulations other than taxation. All i see is a clear path towards decentraliztion, which just happens to be the ultimate goal in computers, which is security. Besides ai which is probably at least 20 years away maybe more. Crytpo can be implemented in 5 years or less. Yes Bitcoin got destroyed from all time highs but id rather buy bitcoin now then amazon now. its like saying 10 years ago. would walmart be a better buy or amazon. gee tough choice. the more data you take from amazon google facebook etc the more you lay waste to them. I am shocked why corporations have shunned this technology. blockchain metadata can be used by all for free. it levels the playing field anonymously. the blockchain and crytpo are mind blowing. the game changer. seriously.

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  16. masteroneass

    If facebook google etc was internet 2.0 blockchain and crytpo are 3.0 and 4.0, and 5.0. If I was google facebook amazon i would be shitting my pants right now. the missing key element is speed. 5g will handle some of that. Amazon focuses on speed. well they will never be as fast as a possible implimentation of a dentealized warehouse involving cars currently on the road everywhere at any place going somewhere. trusted networks. the possibilities are endless, but only if the network csn be utilized by all. No middle man taking a percent cut and spying on your personal data. for help check out richard stallman and john mccarthy.

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  17. acehood

    Three words: wall of worry

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    • moosh

      Yup, mj stocks look primed as well

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    • numbersgame

      You say “wall of worry,” I say “potential catalysts for a bear market.”

      Remember, it is not as important whether things are “bad” or “good,” but are they gettign “better” or “worse.”

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  18. s.k.

    Your boy Putin just let Assad gas a bunch of kids again.

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    • ferd

      Just when we’re hearing reports that “Assad/Russia” had won the war in Syria. Just when Trump goes out publicly and forcefully announces that “we’re pulling our troops out of Syria ..we’ve spent trillions and got nothing, nothing.” This is when Assad does the one thing that we’ve told him he cannot do …the red line.

      Well, I guess it’s worked for perpetual war advocates before. Why not try it again? But if this passes your own personal smell test …well, don’t open any emails from African princes.

      Israel wants us to stay in Syria and occupy a buffer area. Saudi likely wants us to stay as well. Assad wants us to go. So who wins with a gas attack and a lackey media that tows the line for Israel?

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      • s.k.

        Yes, of course it’s a conspiracy.

        I’m sure it has nothing to do with Trump recently slapping sanctions on Putins son in law. See how that works?

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        • ferd

          So in your MSM media-warped mind, Putin gasses Syrians to get back at the US for financial harm done to his son in law???

          We’ve killed, maimed and displaced millions of mid-easterners over the past 15 years …and you think that Putin figures that killing a bunch of civilians in Syria will get us in line re sanctions? I wish only people with at least average analytical capabilities were allowed to vote.

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          • sarcrilege

            Just when Russia not even two weeks ago warned of imminent chemical false flag in Syria, just when Trump chirped recently we’re getting out of Syria, just when Pentagram said not yet, we need more time, just when all dual traitorous shitizens in congress were outraged at the suggestion of getting out of Syria, just exactly one year later after the last false flag, Assad decides to gas civilians. Makes complete sense to me.

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    • sarcrilege

      yo, @s.k., how come you’re so quick to blame Putin for anything, even your leaky colon, but never bring up the crimes of the Israeli filth, the conniving, lying, backstabbing, slithering enemies of humanity, the Jews?

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      • ferd

        You’ve stated that, to you, a Jew is someone who subscribes to the racist aspects of the Talmud, etc. But to most, a Jew is a member of an ethnic group/tribe. My point is, you cannot create your own language. Words mean what they mean to people …not some technical definition that you conjure.

        So, instead of attacking Jews, attack policies, the Likud, Zionists, capitulationist cowards in our government, aid to Israel, etc …but don’t attack Jews; in doing so, you weaken your own argument and poison any information that you may be trying to convey. Many/most, of us have Jews in our lives who we care about, why alienate us?

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        • sarcrilege

          I have looked into this issue carefully in my personal life but mostly via information that is available to us and it’s very clear to me. Being jewish is not one’s life ordeal. It’s a choice. A rank and file “jew” can renounce and distance him/herself from Judaic doctrine or support it in silence. I only know one ex-jew who I didnt know was one because he uses the same language as I do. He said to me that once you quit synagogue and stop associating with (((them))), he feels excluded from any insults. He’s an immigrant from Poland, atheist, knocked up a middle-eastern girl and married her.

          Having said that, even though you and I (and vast majority of us, the rank and file peasants) just want to be left alone and not be part of the perpetual war machine, you and I are guilty by association. We, you and I, are guilty of all the crimes and deaths caused in our names! How do I know? Because I feel the insult when told what “we” have done. I am nearly certain that any Jew that looked into bloodlines, lost tribes and the whole Babylonian talmudism bullshit and quit synagogue because of that feels no insult when goyim accuse them of being evil. Call me on it!
          https://tinyurl.com/z2rdv6s

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        • sarcrilege

          …and here’s a more tame explanation regarding “The Invention of the Jewish People” which offers a groundbreaking account of Jewish and Israeli history.
          https://tinyurl.com/nmhyjal

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  19. joyous__ending

    Short bonds, long some oil stuff…lotsa cash, trying to avoid whipsaw.
    Waiting it out, disappointed.

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