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
23,433 Blog Posts

Markets Soar as America Enlivens to a New War

If there’s one thing I’ve learned living in America it is the people are easily tricked, fooled even, into supporting just about any war the government suggests to them is a “good cause.”This of course isn’t unique to America and these games have been played on people since the beginning of time — by the ruling elite.

They’ll find a pretext or a compelling narrative, gin up some ethnic emotions — and BAM — next thing you know you’re attending your sons funeral, who is regarded as a “hero” for getting his head shot off in some place he’d never naturally travel to — all for the glory of the state.

The NASDAQ is +167 on 83% positive breadth. You simply cannot keep the sellers away. The more bombs that are dropped — the higher it goes.

It seems as events unfold in Israel, the Russians might’ve broken through an important line in Ukraine. Perhaps Russia can gin up some emotions at home too and convince some 18 years olds to fight for the glory of Russia, now that they’ve made a breakthrough.

If you’re paying attention, I’m completely blackpilled by it all and view the rally as folly. It’s true, we were extremely oversold and the market was long overdue to rally. But a sustainable rally would entail a catalyst — one that I cannot envision at this time.

HOWEVER, I will keep an open mind and hope to get back on track soon.

I’m +15bps, sold all of my longs in my trading account and hold a 15% position in $SQQQ.

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