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
23,411 Blog Posts

Market Lifts Off to Record Highs

I know it’s all so annoying how something overtly manipulated or even staged can exist and not be checked. But why bother getting frustrated over things you cannot control?

Markets have flexed to new record highs this morning, with oil and gold blowing full steam ahead — shorts getting twisted and mangled and dumped into sewer pipes.

What was that dip all about again? Oh yeah, China trade war. NEVER HAPPENED.

See pal, that’s what the market is and you’re nothing. Good Father? Fuck you — go home and play with your kids.

Incidentally, some of you are thinking about shorting stocks now. Why bother? I mean, really — why fucking bother?

The dollar is crashing lower again. Oil is up 5%. You simply cannot short the tape.

I sold ZS for +2.4%, another one of my overnight gambits.

As you were.

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

6 comments

  1. irma vep

    Isn’t “Super Fucking Annoying” bonne chance to buy?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. fxtradepro

    Just keep doing the Schiff, Rickards, and Hugh Hendry dance…I don’t even need to look at the equity space anymore.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. ferd

    KSS, TGT …not everyone loving our affirmed love of inflation.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. jbandy

    You were smart to warn people about shorting…and instead just move into old man stocks.

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

    I bought more silver coins today after last night’s party I had with myself watching Ameritrade’s screen until dawn I just can’t believe it having put 65% of my assets into gold/silver starting in January I am ecstatic and I don’t know what to do with myself since I don’t have any wife kids friends BUT WAIT THAT MEANS IT”S ALL FOR ME!

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

    Not surprised at all in this market movement. It’s emotion, not logic.

    “Even if Stocks get near ATHs, Treasury bonds will still be higher than they were at the end of April”
    https://ibankcoin.com/flyblog/2019/05/31/traders-raped-trump-surprise-tariff-catches-everyone-offguard/#comment-561158

    Of course now that Treasuries are also at a multi-year high, the decisions get tricky. I would be shocked if the market doesn’t breach 3000 intra-day before July. However, I expected a pullback in Treasuries. At 2.5%, 30-year Treasuries are no longer the bargain I recommended earlier. They are stil lsafe, but probably a lot of sideways action, so I’d look for better opportunities near 2.7%. Almost time for TVIX

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