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
22,033 Blog Posts

RETAIL CATACLYSM: TARGET SINKS MOST SINCE 1987 CRASH — ENTIRE SECTOR IS CRACKED ASUNDER

How many times do I have to remind you not to believe in fairy tales? This morning you see a small market rally and you went in and chased it and now your dick is on the ground, completely severed. There are various things to worry about today, NONE AS MUCH AS WHAT TARGET JUST ANNOUNCED.

“We did not anticipate the rapid shifts we’ve seen over the last 60 days,” said Brian Cornell, in a Wednesday morning call with analysts. “We did not anticipate that transportation and freight costs would soar the way they have as fuel prices have risen to all-time highs. While we were certainly anticipating the impact of overlapping stimulus and a consumer and guest returning to more normal activities, we did not expect to see the dramatic shift in many categories.”

Net profits have been HALVED and this is only the beginning.

Sir —

We are in the opening salvo of the next Great Depression, controlled demolition edition. I hate to say it, but Alex Jones was right again God damn it. Everything that is happening now was done in a pre-meditated manner to such a simple degree no one in finance is surprised. The CEO of Target was surprised, but not really. Trust me. The next phase of this collapse will be US sanctions on Russian energy and grain applying even further pressure onto supply chains until it breaks and we have calamity spilling out into our streets. Leave cities now, because when the food riots begin — fuckers will raid your homes and empty out your pantries.


Worst Target drops on record

Look at the carnage. Do not drink this blood.

As for me, I’m a professional. I walked into today 15% weighted in FAZ and now 75% cash, down 14bps for the session. Very standard and straightforward stuff.

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

6 comments

  1. purdy

    My biggest short was COST.

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

    Those halcyon days by the Fed. It’s not very funny when you don’t plan for a rainy day like viruses, supporting a hapless country, and opening up your border when your country is bankrupt if you were to follow checks and balances.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. tha pirate

    I REPEAT:

    Anyone remember the establishment media laughing at this just before Brandon’s election?

    https://www.bloomberg.com/news/articles/2020-10-22/trump-backing-oilman-hamm-says-6-gasoline-possible-in-biden-win

    • 4
    • 0
    • 0 Deem this to be "Fake News"
    • purdy

      Everyone here knows that he is a corrupt liar. The question is: why are his handlers having him do the things he’s doing?

      Separately, if you want to awaken NEW folks …say NPRtards or TheViewtards, you should lactate about stuff …like how he lied us into the Iraq War and then traded on the death of his son who was exposed to toxins in that war for political advantage. You must lactate empathy for specific victims of Biden to win over those not yet aware.

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

    …now your dick is on the ground, completely severed.

    John Wayne Bobbitt style

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. profiteerer

    I was told by the Magic Money Tree people that all the stimulus and deficit spending wouldn’t lead to inflation and the Fed had everything under control. Is it possible they were mistaken? That can’t possibly be???? Socialist utopia???

    • 1
    • 0
    • 0 Deem this to be "Fake News"