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
20,793 Blog Posts

The Current Bubble, Dare I Say, is WORSE THAN the Dot Coms

We’re at the point in the narrative when stocks like BLNK aren’t leading anymore — because BLNKW are. The SPACs are on fire today — because who’s gonna make the next meaningless “EV” purchase to fail in head to head competition against Tesla?

Moreover, and this goes without saying, the current logic of the tape is bullish for both oil and alternative energy — because nothing say rip roaring oil markets like eliminating the need for crude. On day 1, Biden will ban drilling in the Arctic. On this news, oil drillers are soaring. Look at RIG.

Also, solar plays are all the rage — because MUH POWER PLANTS use devilish blackened coal that clog the skies with ugly fumes and cause the sun to rage its fires into the wooded lands of California. Once we have enough windmills going, the hurricanes will stop wiping out poorly placed geological islands in the Caribbean.

There’s so much to love and hate about this market — I could go on for days discussing the idiosyncrasies and how betting against them have might’ve led one down a path of VINSANITY. Dare I say, stocks are much worse of a bubble today than in 2000. In 2000, we had a brand new invention to jerk off behind — the internet. It was going to make us all into big fat rich men — puffing cigar smoke into the beta-cuck faces of the brick and mortar guys. Nowadays, people think Go-Karts will replace SUVs — an entirely different subspecies thinking — small brained and also retarded.

Nevertheless, I remain a humble servant of the markets and continue to drag my large balls into this muck to partake in a little chicanery, now and then and always.

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10 comments

  1. bhupi

    Maybe it’s just me. But isn’t is suspicious that every vaccine maker is coming up with a 90% or better vaccine? It seems like the numbers may be getting fudged a bit to get their stock pumped up so they can dump it.

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  2. purdy

    Biden appointing reckless war profiteers to his foreign policy team. Our Deep State war marketers are pleased because they look nicer than Pompeo and Bolton. Some even have vaginas! Yeah.

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    • emersonlakepalmer

      War, what is it good for? Being in CT, I still remember Senator Dickhead Blumenthal’s USMC Vietnam lie. I will never forgive him. He was an in-country reservist that had 5 deferments. Just like current President Bone Spurs. Long NOC, LMT and HII.

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  3. tradercaddy

    Blink chargers are stooopid.
    I believe they are almost all L2 chargers that max out @7.2kw and charge by the minute (at least in Fl.).
    There are thousands of FREE L2 chargers everywhere.
    We may be in the 1st inning of a change to value type stocks which have done zilch for years compared to the growth stocks.
    Which means, no bubble crash, just dead in the water growth tech for awhile.

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  4. charliehorse

    This is no bubble. Not by a long shot. We just came out of a bear market for fucks sake. And to say it’s worse than the dot com bubble may be the most asinine thing I’ve ever heard. We are on the cusp of an innovation revolution the likes of which the world has never seen. And it ain’t just EV’s. Blockchain, AI, Energy Storage, Robotics, DNA Sequencing – I could go on. But the point is, the cumulative economic impact will be greater than the internet. It will also probably lead to a bubble that will make the dot-com bubble look like child’s play. But we got a long way to go before that happens.

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    • maxx2000

      Good luck with that thesis. Basically you are questioning senor Fly on his own blog. I think he may know a thing or two about the markets.

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    • soupbone

      I beg your pardon but this is not a happy foretelling bubble. Rather a bubble of desperation by governments worldwide, not even G7 this goes to G20 level.

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    • purdy

      Can we as a country, stop investing in things which have made us the most hated nation on the planet …and instead free that additional capital to go into things, like those which you mentioned, which will make us better able to compete with smart Asians?

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  5. itsgold

    What’s your measure for declaring the market in a bubble?

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