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
23,419 Blog Posts

Making Lateral Moves — $IYR Deathcrossing NOW!!!

The bull market is over. It’s important that you both acknowledge and accept this new and evil reality. You might believe otherwise, but you’d be wrong.

GOT A CHART BREAKDOWN. Analyst love it, I don’t. I think the break up value is, inexorably, lower.

We might sashay around these levels, making lateral moves for the balance of the week. But if today taught us anything at all, it is not to trust markets on the upside.

I stepped in here and bought some DRV, hoping and praying to the Gods for a complete shattering of the commercial RE markets. It’s like nothing happened at all and yesterday was merely a suggestive whisper in the winds. And now it’s gone. In replace of it is really loud and annoying music, with fuckheads from CNBC chattering around. I just want to break their jaws and be done with it.

Let the markets fall to equilibrium, wherever that may be.

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16 comments

  1. duuude

    In the labyrinth

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  2. helen

    Love that iyr chart:)
    Holding loads of puts on many different strike prices and expiration dates…I want and will see low 60’s on that sucker!

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  3. roundwego

    Vix got the blow off top today. Wild.

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  4. bennyhill

    slightly green open tomorrow followed by another 2% drop will have the bear creaming themselves right at the late morning market bottom. Just watch.

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  5. numbersgame

    Prepare for takeoff

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  6. it is showtime

    the manipulation wont ‘get’ green

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    • WrongView

      Brace yourself, you’ve been very right for a while, you may have to be wrong for a little bit.

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    • it is showtime

      Trolled Ya

      pretty clear you were gunning for green
      making it clear some of us are ‘awoke’

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    • WrongView

      Well done, sir. You’re a real pro.

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  7. og

    Only a 3% reversal.

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  8. chuck bennett

    Lunch was served late

    Regards

    Chuck Bennett

    Ps. I told you fuckers Christmas Eve.

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  9. MoonshineDelight

    Bears are being murdered wholesale this afternoon.

    Salmon rejoice!

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    • it is showtime

      We knew the reclaiming of ATHs in september was complete fabricated manipulated blllllshhhht

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  10. braveflaps

    BEARCREME

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  11. jonnybegood2

    interesting day 🙂

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  12. numbersgame

    Looks like the calves are mooing.

    The only bears that were “murdered” or “cremed” today were cubs.

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