iBankCoin
Read Scott here on iBankCoin and also at http://www.createcapital.com/
Joined Jan 19, 2010
717 Blog Posts

HAPPY FRIDAY THE 13th During the Week of North Korean SkullFuckery

So, Fat Boy Evil flaunts his 20th Century missile technology and it fails miserably and very publicly. Talk about losing face. Watch out because all they have left is to attack the South or brainwash some political prisoners.

Speaking of brainwashing, we have a good deal of that going on right here at home. Just look at Thursday’s stock market action. It was a giant middle finger to whoever would bet against “America, Fuck Yeah!”

The most dovish of the FED HEADS, Dudley and Yellen, promised more pure, uncut morphine for the markets addicted needs. Even KashKarry told people that the market is on a “morphine drip”. Some spoke of that over two years ago. But the rest of the media said the one way gains yesterday were based on the hope that earnings would be strong and the Europe wouldn’t sink into the center of the earth. That is one hellofa reason for the best day of the year.

This COSTANZA market is reaching its natural endpoint as we approach our April 16 dateline. I don’t know exactly what day and what hour the wall will be breached, but it is coming any time. The lies and bullshit being fed to everyone and us sheep believing are reaching past a ridiculous point. And those who don’t believe “go along to get along”.

I’m not saying to make a stand yet because you could easily get run over. But it feels like the markets are balancing on the head of a pin and could fall off at any time. That means a realization that asset prices are just too high. By about 20% to start. And that means everything, including oil, precious metals, etc.

No, I’m not some permabear telling you to dig a foxhole. But the system is being pushed to the limit. As Scotty would say, “We canna take much more of this, Captain!”

Have a swell weekend!

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11 comments

  1. Randomness

    Kirk: Scotty, I need QE factor 9 in 1 minute or we are all dead!

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  2. echizzle

    Awesome title. But stop pussy footing around, tell us what you really think!

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  3. lol

    Balancing on the head of a pin with jet fuel coming out.
    All aboard the O-ring-f*cked Challanger 2 rocket.
    To QE infinity and beyond.

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  4. Yabollox

    Does it seem like accounting is not accounting anymore? Just tricks played with numbers?

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  5. leftcoasttrader

    Scott, I’m sure you’re going to be right about this at some point this year. Can’t argue against a guy that called the last two years pretty darn well, but isn’t a top usually a process, not an event?

    Could be argued that we’ve been putting in a top for the last month. But last year’s top took 6 months to play out.

    I vote flat from here till the summer. Churn and burn.

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    • Scott Bleier

      Don’t tell that to my detractors. Some Whippersnapper called me an Asshat yesterday. It is a badge of honor.

      Anywho, the process of a top sometimes includes a fantastic uptrend than never ends, until it does.

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      • Yogi & Boo Boo

        Some of us will live to play another day… Some will not… The “Asshatters” need to ask themselves, “Are ya feeling lucky? Huh?”

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  6. razorsedge

    a bell curve can be manipulated by changing the control group.

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  7. The Fly

    I bet you someone had to kill himself for that missile disaster.

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  8. drummerboy

    i would seem to think that if the shit hit the fan, would’nt pm’s be the only/or last safe haven for money to roll into for preservation of capital ?

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