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
18,723 Blog Posts

BEAR FUCKING MARKET TRADING

I told you not to get hooked. You may be…HOOKED.

Markets slid by 600. If you’re still of the frame of mind that this cannot be a bear market, then you’re a delusional permanent-bull idiot. I don’t care how smart you think you are, listen to me — you’re a god damned idiot.

What to do?

RAISE CASH.

What should you do?

BUY TREASURIES.

What should you do?

Stop believing the hype. This market is literally built on a house of cards. It can go much lower.

That being said, lower markets force the Fed to stop raising rates and Trump to broker a deal with China. If we fell after those two things happened, then we’re really in for a harrowing decline.

How far can we fall?

Another 20% from today’s closing price.

Into the bell, I remain long SOXL, for a trade — TMF, a few stocks, and 70% cash. I am supremely positioned to buy the blood. That’s what I do and who I am.

Don’t act surprised.

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

22 comments

  1. it is showtime

    F Y A
    u o l
    c u l
    k

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

      This is what happens Larry.

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

      …but still no hard predictions, right, Post-N-Ghost?

      My crystal ball says:

      “There will be a great loss of life. Everyone reading this post will die, as will every person they have ever met, and their children, grandchildren and generations upon generations to come.”

      Time frame TBD.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  2. heckler

    Garbage

    • 1
    • 1
    • 1 Deem this to be "Fake News"
  3. jbandy

    The reality is that economically-sensitive sectors topped out early this year (see Financials XLF, Housing XHB, Industrial/Base Metals DBB, and Semis SMH). It was just the idiotic FANG/tech trade that narrowly drove us to new highs. Now those high-growth names are just catching up to the rest of the market. I see another 10% downside on the S&P in the interim.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. acehood

    You have no basis for that 20% figure.

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

    Fucking arbitrary shit post. Back things up or stfu

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • Phileo99

      went long [email protected], hodling until [email protected]

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

        Yes I’m BACK laddies! The talking cigarette-man video always gets me…………..HOOKED, and now I am HOOKED.

        BTW, any of you catamites consider the possibility that Powell was using that language just to push down the mkt & fuck the President just before mid-terms? Guess what? Mid-terms are over and now he is free to CANCEL ALL ORDERS! Do I KNOW this? NO. Is it possible? You tell me laddies. Just asking a question and posing a possibility fucked-faces. The Cap’n has spoken. Arrrrrr.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  6. Dr. Fly

    You salty motherfuckers. Blow me.

    • 7
    • 0
    • 0 Deem this to be "Fake News"
    • fxtradepro

      Has nobody been looking around? China, Europe, EM = fucked for the better part of a year now. FED is balls out hawkish and we’ve just seen a record run in growth in Corp earnings and profits. BY the simple law of large numbers it’s unsustainable. There’s lower equity prices out there, a lot lower. Copious amounts of Cash, And a mix of low beta fixed income assets.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. dragun

    Everyone to the Vomitoreum!!!

    FWIW my absolute return model lost 6bps today

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

    Lots of denial in the comments. Bulls still don’t understand the impct of the tech earnigns from October and the mathematics of stock indexes.

    My still unaswered challenge to the bulls:
    The most important index in the US, the S&P 500, is simply calculated by summing the market caps of its components and then multiplying by a weighting factors (to accomodate when companies are added or dropped from the index). This means that to make up for a 5% drop in market cap of a ~trillion dollar company like AAPL, a smaller company would ahve to rise much more than 5% for the index to make another ATH. And by “small company”, I mean Exxon (XOM), Walmart (WMT), Johnson&Johnson (JNJ), or JP Morgan (JPM), which are all about 1/3 the market cap of AAPL. In fact, AAPL has twice the weighting of every other company in the index except MSFT and AMZN, two other tech companies.

    This means for a new high to be established – which is the defining difference between the a continuation of the bull market or the start of a bear market, one of two things must happen:
    1) the tech giants must make new ATHs
    2) new large-cap leadership must rise by a significant percentage above their own/ previous ATHs to make up for the tech short fall.

    So who will lead the market higher?

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  9. yogurt

    You sound confused.

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

    Smalls Caps RUT is forming a Death Cross. It matters very much, because despite some variation, the Russell 2000 and S & P simply Do Not move in completely opposite directions. Their charts align in nearly identical in form.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. torero

    Look at this chart and tell me that a Death Cross and downturn of one doesn’t likely mean in all likelihood the other will follow. Have my eyes on the RUT.

    http://www.advisorperspectives.com/dshort/charts/markets/SPX-RUT-since-1988.gif

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. mx2101

    I never get tired of the cancel all orders audio. One of the greatest. Think of the context. A guy doing non stop market commentary every day. Then one day this happens.

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

      Same here. Talking cigarette guy and the other infamous audio from the flash crash of the guy that sounds like he’s announcing a horse race are all-time favs. I liked the horse race guy so much I saved it to my iTunes library… it’s pretty good workout music when the time is right.

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