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
23,449 Blog Posts

Bet Against Stocks; Lose Your House

NASDAQ returns by month for 2023, data by Stocklabs.

Jan +10.6%
Feb -0.13%
March +9.2%
April +0.5%
May +7.9%
June +4.6%

What exactly are you waiting for to finally concede that nothing can stop the market from going up? I am talking to myself as much as I am chastising you. It is possible that this is the top. This post in its grande eloquence is the peak of market ignorance and we will all harken by to it later on and expose me for the fool that I am. You can pull it up whilst chewing on some pastrami and show your wife how dumb I was for “telling everyone” to go long just before the market collapsed. What a jackass. KILL HIM!

But seriously, you need to adhere to the laws of motion here and follow the market up.

OR, maybe this is a big scheme of mine to trick you into doing that. Perhaps this post is also a trick or an omen to jinx bulls and cause some sort of karmic reversal. This post, perhaps, can lead to the destruction of the entire world.

So go ahead and get out there — buy some fucking stocks — and snort cocaine and drink some booze. The 4th of July looms and we all have much to celebrate — as this nation has never been better managed or cohesive in the way people just love each other.

I’m +55bps early on, no hedges.

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One comment

  1. txchick57

    55bps in a runaway market. Wow, take this advice to your grave.

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