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
22,158 Blog Posts

BEARS ABORTED IN BRAINDEAD RALLY

It’s always comforting to see the NPC’s at peace with markets surging higher — especially since I know they’ll all be flayed alive in the coming fires.

Over the last week we bore witness to an 8% rally in the NASDAQ, based off a little of this and a little of that. This has once again emboldened the permanent bull class of imvestoor to remain obstinate and boast of their returns largess, as they meander between their multi-layer fictions. It’s all an elaborate scam — but they enjoy being lied to and never consider selling because it would fracture their world view.

I, on the other hand, have no world view, only moments of passing interests and contempt.

I finished the week where I began, flat, and have a full roster of old man stocks with a monster sized hedge in FAZ.

HAGW, I will now proceed to break my back moving more boxes.

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One comment

  1. soupbone

    The game in play again: we want your money and plan to take it off you. Maybe if the Fed signals a pause, bit early for that. Crazy but still in oils despite the shake out attempt this week.

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