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

BEARISH: ONLY WAR CAN SAVE US NOW

Listen to me.

Everything is rot. There are no safe haven in energy or defensive candy stocks. The only place you can seek refuge is in defense stocks, as we militarize and ebb ever so closely towards TOTAL GLOBAL WAR. You might not want it. But that’s exactly what you’ll get.

The idea of owning stocks here is hateful to me. I have been heavily shorting them all afternoon and came in here 40% short via 3x inverses. We are busting down and there is nothing in the way of lower prices now.

All eyes are on January, and a potential bounce. The problem with that, frankly, is Biden. He won and the democrats are FIRMLY in power and everything they do is counter-growth. Not only do they hate you, they also hate the market and they don’t care if you’re losing money, as long as their social agendas continue unabated.

I am currently down 15bps for the session, teetering between red and green — because I am a professional.

I warn you here and now: STOCKS WILL BE BLUDGEONED IN 2023 AND MUCH MUCH MORE. Earnings are declining for 4 quarters now and cash is burning faster than you know. There is no hope for any bull market, only in the market of war and the companies who make machines that kill people.

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