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
21,513 Blog Posts

Panic Buying Soon

I sold out of my TNA-GUSH positions pre market for 3-4% gains and now sit in all cash. Reason being, the market is GUILTY until proven otherwise. Every day the market opens up and collapses. Will this happen today?

Most likely.

However, we are very overdue an extreme bounce and when it happens you’re all gonna be panicking to get in. The question is, do you sit patient and wait and perhaps subject yourselves to downside torture, or maybe try your chances at market timing?

I have no interest in waiting around so I’ll be market timing, fucked faces.

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4 comments

  1. tradercaddy

    I say shut it down for the year and go play tennis or take the wolf for long walks.

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  2. Mr. Cain Thaler

    Commodities look to have bottomed and are reestablishing trend (with exception of natural gas which continues to break down). It’s premature to call bottom in bond yields but today is favorable to that as well.

    The Omicron scare seems blown out of proportion. That was intentional. Leaders know where market gains have come from they’re desperate for inflation to ease so they’ll hype up anything deflationary.

    This market (and globalization) dies in higher prices. Nothing can stop it.

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    • Mr. Cain Thaler

      Well it might be more accurate to say higher prices are coming because globalization is dying.

      Or maybe we just say globalization is dying if and only if higher prices and call it a day.

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  3. Raul3

    the bunker has been busted, straight down the middle, low of month likely in

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