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
23,475 Blog Posts

A LOT MORE DOWNSIDE TO COME

Observe.

Whilst you may feeeeeeel like this market rout needs to end, the fact of the matter is, plainly, it has only just begun.

This is the best I can do for you, to warn you of the fires to come. This doesn’t mean we can’t rally 500 NASDAQ over the next week. I am simply stated the overall trend is lower and that all delusions to the contrary should be discarded. The notion of finding a bull market inside of a bear is also folly, so stop looking at gold as a way to play the long side. The only way to play a bear market is to sell it short.

Good day.

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