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
23,444 Blog Posts

AUGUST HAS BEEN A DISASTER FOR STOCKS

Take a break from liking BIDENOMICS stats issued by the White House and peer, gaze even, into the turmoil brewing softly in markets. We are being dispatched without malice or chaos — but instead with mechanical and technical precision.

LOOK AT IT.

A sea of crimson eagerly awaits you. Send all of your fresh money into the Bakhmut of markets — the one pretending to be winning when in fact it’s losing daily.

All of the finest sectors have not only pulled back over the two weeks of August — but they have collapsed. Do you have any questions?

How bad is it for other areas of the market? I have answers.

Crypto miners -15%
Lithium stocks -10%
SAAS -9%
Fucking MEME stocks -15%

On the bright side, TRANHEISER Bush is +1.2%, $BUD.

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