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
20,179 Blog Posts

ALERT: MARKETS ROLLOVER

It’s over faggots. You had your fun in the sun; now it’s time to die from the Coronavirus. But before you do, your brokerage accounts will hit zero.

The 30yr mortgage is at record lows. Gold and cryptos are soaring. Banks and semis are being dismantled. What more do you need to see?

Apple has already told you business would be hampered. We’ve got the beginnings of a very serious rout on our hands and yet there you are not taking it seriously. You are this way thanks to a decade plus of central bank rigging. But guess what pal, the Fed can’t stop the virus. Business in China has ground to a halt and soon their banks will dissipate into dust.

I am more than 50% cash, long some SOXS, some gold, and lots of $STMP — which has doubled from my basis. I will have you know, inside of my quant, I am 10% long TLT and 10% GLD, no accident there of course.

The fate of humanity rests in the balance. How will your narrative be woven, one of a degenerate spend-thrift who lost it all in the great crash of 2020 or the sage of salt who buried his enemies under 10 feet of salt for betting against him?

HAGW.

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15 comments

  1. numbersgame

    You’d better read that earnigns call for yourself:

    https://ibankcoin.com/flyblog/2020/02/21/lesser-men-sold-stmp-yesterday/#comment-566201

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  2. og

    Market looks like it’s ready for some Black Monday type shit.

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    • numbersgame

      Dec 30: China informed WHO about COVAD-19,
      QQQ @ $212

      Jan 28: prrety evident that COVAD-19 was going to be much worse than SARS
      https://ibankcoin.com/flyblog/2020/01/29/dont-look-now-shitcoins-running-hard/#comment-565674
      QQQ @ 222

      Feb 29: QQQ peaks at 237, up **11.8%** ffrom when the virus was first announced.

      So if the virus is actaully **bad** for the market, then common sense says that QQQ should be below 212. We’ll see if we actually get there

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      • it is showtime

        It’s COVID

        2nd hint: The buyer-of-last-resort which became the buyer-of-first-resort several years ago? They’re running an Op like I said? Master algos? Carrying it? Hello?

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      • alty

        Way to ignore a billion other factors that may influence equity pricing differences over several months. You are better than that.

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  3. cancel19

    I dunno Dr. Fly but those giraffes in the ark have always kicked my ass as it floods every time I got in for cover! The market gods threw in a trial balloon this week to see how gullible we are to the virus sheit. Gap up Monday is what they got to give us max pain. IMHO

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  4. it is showtime

    So Sorry. A sea of red…

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  5. awanka

    It can’t be over yet. Not like this. I still have so much to live for.

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  6. chuck bennett

    That’s it. Listen to the man, it’s over.

    Regards

    Chuck Bennett

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  7. moosh

    I wonder where the easiest place to leave from China to go to is? Especially a month ago…Africa? Dont Chinese mine a shitload of pm there?

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    • chuck bennett

      Africa has plenty of Chinese. I bet they could go there right now if they wanted to.

      Regards

      Chuck Bennett

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  8. 'merica

    Welcome to the Matrix – A virus. Human beings are a disease, a cancer of this planet. You are a plague, and we are the cure.

    I don’t even smoke pot, but viruses in general are a mind f. From sciencedaily.com, snopes me – “As a result of this ongoing process, viral genetic material comprises nearly 10 percent of the modern human genome.”

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  9. heckler

    So we are all a bunch of fluFAGS again? I don’t know man to me this move seems more about fucking over a bunch of cream filled simps and newbs. That said, I’m willing to pull the fuck out or even go short if I have to. Still… seems like a lot of people out there are waiting for a crash which is why it won’t happen.

    Also, I’m not sold that BTC is a sign of weakness. To me crypto implies risk on what am I missing folks?

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  10. heckler

    Numbers, regarding the USD/JPY breakout. Can you explain that a little more. Would you buy DJPY? It’s a thin shit ETN but I can’t figure out another way to trade this?

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