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

THE MARKET IS NOW AT PRE COVID HIGHS: DO OR DIE MOMENT FOR BULLTARDS

Markets have cascaded back down to the level which was previously RESISTANCE for markets, pre-covid, dating back to 2018.

In short, this line, or around this area, needs to hold — otherwise we swim rapidly downstream and into the abyss. Given how terrible this tape has been, I’m somewhat sanguine about the specter of bouncing at or around these levels. Nonetheless, I will always keep hedges in place due to geopolitical circumstances.

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2 comments

  1. zusch

    lose this level and its lights out

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  2. soupbone

    That’s the Biden/Powel market bubble going. The liquidity has still to be withdrawn, though. Then there’s the Bernanke and Yellen legacies to deal with…

    They ignored asset prices! And they are the inflation!

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