iBankCoin
Joined Jan 1, 1970
1,010 Blog Posts

Shorting the Rally

Short post ovah here!

Shorting this rally. We have a reversal of sorts shaping up. Bought QQQQ and CRM shorts. Twitter stamped. Several indicators are pointing to a flat to down phase with a more down phase dominating soon. Even if this thing rallies further for a bit, I will just sit patiently unless breadth improves significantly.

Parting thought – Sorry to digress but couldn’t help sharing thoughts about the planned Quran burning incident. I am not a Muslim. But I have lived in places outside of this country to tell you something with confidence. The uproar we saw after the Danish cartoon about Prophet Mohammed will look like a peace-fest compared to what can happen if this incident actually happens. What seems like a story that will be soon forgotten thanks to our short term memories, will have super large repurcussions in days to come outside of US and eventually impact US. Oh…and if this thing transpires, the intermediate term to long term scenario of markets looks shitty at best. In fact it would be the last thing we would be worrying about.

(Update – The pastor called off his plans for burning http://www.cnn.com/2010/US/09/09/florida.quran.burning/index.html?hpt=T1&iref=BN1)

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10 comments

  1. Reality_Bites

    It won’t matter much either way.
    Your once great country has been sold down the river over the last 3 decades.

    The Russians/Chinese/Islamists are one and the same, they are all evil, and there is a huge risk they will enjoy more power over the whole world in the next 4 decades.

    Nuclear disarmament, Iran getting nuclear, North Korea too, Israel being hung out to dry, Russia expanding it’s power base in Eastern Europe.

    Fucking socialist evil bastards, if we don’t wake up soon, we will all be doomed.

    It’s all so sad.

    So, burn the Koran I say, let’s get to the crunch, and see the whites of their eyes.

    Good luck America, we need you back to full fitness as soon as possible.

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    • hubbs

      It seems to me that you would like to see US to get in to conflict with everyone to bring ourselves down. Go get them yourself and we are not your solders.

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  2. Reality_Bites

    Oh yeah, I agree with your post, we down hugely very soon.

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  3. FullonRetard

    Some one burns the Bible, American flag, or kills a Christian and we are apathetic. An American threatens to burn a Koran and we’re in an uproar and our knees buckle with the threats of Islamisists. That’s unfortunate. Just shows who the bullies and pussys really are. America is truly doomed.

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  4. stocksrider

    FYI – I am not voicing my own opinion. I am making an observation and speculating possible future incidents based on my experiences living globally.

    I would love to express but then it would be a 10,000 word essay and take away from the main purpose of this website.

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  5. nutfucker

    wrong again…

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  6. StocksRider

    No fuckface, I wasn’t playing the market for just these two days. I am still short and will be so in the early next week.

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  7. Sepharial

    “Several indicators are pointing to a flat to down phase with a more down phase dominating soon.”

    Uranus is impacted?

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  8. StocksRider

    Sepharial, same joke again. What is it…. 20th time now? U must be a dumbfuck or a serious homo stalking my ass.

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