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
23,533 Blog Posts

Very McPlungy

I’m actually waiting for a bounce. As you know, I’m a bit of a bull myself. I do fashion myself to be something of an opportunist and really just want to oversee the betterment of me.

Early going, stocks are fucking careening lower. We have the NASDAQ greater than 100, this time with rates dropping a little. It just goes to show you how they’re now fucking with you.

Small caps are strongest, alongside biotech — which is up.

We had a few early green candles, fooling people back in, and then thr Guillotine came down hard and now traders are reeling, unsure as to what to do.

I’ll tell you what to do.

Get small, buy a hedge, and wait for those sons a bitches to rally the market again. They always do it. They cannot help themselves. I’ve been watching it closely for decades and always notice they rally it most when you least expect it. The only way to play it, if you’re not day trading, is to just wait it out.

Naturally you don’t want to own piece of shit stocks otherwise you might be “waiting it out” with nothing left. No, you need to own good stocks.

Over in Stocklabs, we are very oversold and have been for a week. These sort of oversold conditions always lead to a grandiose rally — something to make bears rue the day they were conceived.

If by 12:30pm markets haven’t rallied, you might want to start to panic.

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