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
23,439 Blog Posts

DO NOT BE FOOLED IN 2024

New year, new you. Gone are the days of being harassed by markets, tricked and fooled into folly. Your adventures inside of the labyrinth of the market is over. To achieve this, just stop behaving like yourself and act more like me, or a person such as myself.

I glance over at this market today and see nothing but traps. The US 10yr yield is now lower, which is good. Oil is soaring +3%. Have you tried chasing oil stocks the past year? Ordinary stocks of high beta value are CRUSHED lower by 3%. Cryptos are hammered and all appears to be lost.

Or is it?

If the logic was “stocks are under pressure when rates are higher” then stocks should rally when rates come back down. No?

This is most likely a buying opportunity. I am not bullishly retarded and do not prostrate myself at the feet of the transgendered bull. But we have seen this complete bullshit many times before with the bulls rope a doping, pretending to be weak but only yo later on knock out the bears and all of their teeth with one great magnanimous blow.

If you enjoy the content at iBankCoin, please follow us on Twitter