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
20,329 Blog Posts

Bullshit Day — Taking a Sojourn into and Against Semis

Fuck NVDA. I am 3x long SOXS now and proud of it. Today I did nothing but waste time.

(ATOM -3.3%)
(NNDM -3.2%)
EB +7%

Net net, I am having fun. I would be having a lot more fun should the semis crack lower — as they should.

Pot stocks broke higher today. Everyone thinks CBD oil cures COVID-19. Time to get short.

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21 comments

  1. bambam

    POT cures COVID in that it’s a stress relief for avoiding reality. 36+M people not working isn’t something you want to dwell on daily.

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    • bob smith

      It’s worth dwelling on if you’re one of the 36+M people collecting more $$$ from the lucrative “job” of getting high and getting unemployment benefits rather than getting your fat, lazy a$$ off the couch and actually working.

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  2. rickyretardo

    Does Trump bitch out and let China have its way with HK or does he stand up and send the markets south?

    Bitch out = Like

    Yuuuge balls = Dislike

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    • peaches

      Trump doesn’t care about democracy. So why on Earth would he stand up for Hong Kong?

      It’s the best tool he has to shit on China, but he’s so busy being envious of Xi and Putin and rocketman in Korea.

      He might as well bring up the Uighur Muslims…. And risk losing low IQ nationalist redneck votes.

      Considering the talk around mail in ballots, and nobody having something better to do on election day…

      It’s not gonna happen.

      Trump brings up China trade trouble to create dips for Jared and Ivanka and the Saudis to buy up more Citigroup and Facebook shares.

      No way he intends to make his ties in a country where workers get lunch breaks and overtime pay.

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  3. peaches

    Numbers. The answer to your question is free markets by design create rigged markets. The Fed isnt a fucking political institution. Its a cartel in control of the money supply and it is under the direction of the banks.

    The ancestors of usurious bastards have zero incentive for free market capitalism and every incentive for a state run by bankers. The more shit dems or republicans convince the people the government should pay for (wars, medicare, tuition, food stamps) the more money the government borrows, the higher the debt goes and the Fed has no choice but to produce what can easily be seen with a chart of the ten year yield.

    The Fed chair is like the senior class president. He uses his brain and decides to raise rates and the market (BANKS) says NO BITCH.

    and rates go down. again. You borrow via American Express at 15% and bankrupt GE gets to sell bonds at 3.9% and buyback stock and pay out dividends. Now the Chinese centrally planned economy builds 5G infrastructure we could have built with the buyback money.

    full employment mandate is like the protect and serve sticker on a cop car. the cops are the fed. the black kids getting shot and arrested for the crime of smoking weed without a middle class parent’s minivan are the american people.

    the banks are the state

    the state is the armed security

    you ask why not spend more?

    Where did Mnuchin work before his current gig?

    the same banking families that ran the world when the Fed was created still call the shots today, the rest of us are taxed into oblivion.

    Inherit your money? keep it. You deserve it.

    Build your own wealth? hand it over bitch.

    a brain surgeon pays more taxes on his income than a landlord with the same dollar amount in rental income after the 2018 tax bill. That’ll push the kids into productive careers!

    its so fucking obvious. capitalism rots into communism. ask FDR. and Bush. and Obama. and Trump.

    private homeownership is going to plummet. % on government assistance will rise. private debt will rise. wages… who needs higher wages when you can tax the fuck out of my paycheck and give it to the kids who don’t have the brains to figure out how a computer works.

    If you are under 40 and not working in IT services, cybersecurity or programming (or usury, or if you were lucky enough to crawl out of a rich man’s wife’s vagina)

    You’re fucked.

    if Biden wins I fear another big leg down, maybe followed by stimulus. Only reason I’m not buying.

    TLDR:

    Economics be damned.

    Keynes was a pedophile and a homosexual. Just the type of guy you want controlling things.

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    • alty

      Shareholders get all the perks, yet you refuse to be one. Makes sense.

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      • cancel19

        Trolls don’t own stonks.

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        • peaches

          I dumped my lunch money in the stock market in 2010 while everyone else my age was leasing Audi’s and contracting herpes at Bonnaroo.

          Can’t a young man take a break to buy some gold and acreage??

          God forbid anyone in my generation ever actually owns anything tangible.

          You can have the sloppy afterbirth.

          Selling ounces of gold and kilos of silver MADE UP ENTIRELY OF STOCK MARKET GAINSSSS

          … so I can daytrade in and out of TNA in year 10 of a bull market with a 15% unemployment rate and 40% “dip”

          Sounds retarded. No thanks.

          The little cash I have riding out on TMF and UGLD has probably netted me more gains YTD than half the “traders” on this blog.

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      • peaches

        BANKERS get the perks.

        You are not getting a 20 million dollar bonus.

        We get to double (at best) your tiny pile of saved up labor wages every year. The majority of us are not as autistic as Peaches and therefore did not avoid the entire crash back to 2016 levels. tax cuts in a bull market while the market was reaching all time highs? fuck that noise.

        maybe you’re lucky… or smart… or the good Lord has your back like he had mine when I sold and bought gold.

        but most “shareholders” who buy stocks with money they WORKED for are getting fucked. Most Americans buy at the wrong times and sell at the wrong times. I’m getting calls from boomers who want to invest 5 and 6 digit sums into the market NOW. All at once. All into one stock also. Americans are braindead.

        Especially the crowd that decided to wait for a caucasian president to buy stocks again.

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    • tmmdn0

      Damn bruh, you make some good points!

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  4. cancel19

    peaches has issues, for starters they look like butts

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  5. richardweiner

    Niggers like weed. But they looooove government checks and crack. The MACD on crack prices just triggered a buy along with a breakout of downward sloping penis formation.

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  6. snoozemr

    peaches has been drizzling schnapps over his ice cream today.

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  7. moneybagz

    So consensus on peaches is histrionic personality disorder? 99% probability of being a latch key kid that no one, not even his parents, enjoyed to be around.

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  8. purdy

    Yo cheerleaders for teams: admit there were some correct observations in peaches’ rants.

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  9. moneybagz

    All he does is bitch and complain. I liked showtime better.

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