In no way did the fucktarded indices represent today’s carnage. Regional banks were eliminated from reasonable discussion today, as the ongoing financial crisis burns through equity—faster than dirty whores through the S. Bronx.
From [[ZION]] to [[FED]] to [[WM]], we’re in trouble here.
Plus, on top of that, we have a fucking inflation problem, with oil ‘ova here’ at outrageous levels. I hope many of you can really learn to appreciate the magnitude of this crisis and accept it for what it is: A historical fuckup, probably never to be repeated again.
Everything is lining up perfectly for the bears. From banks to barrels, there is so much stress on the system, it is likely to break down and crumble.
As you know, those are very bold words for some anonymous internet God. Keep in mind, at all times, you are some numbskull with a ruler and graph paper, while I travel in diamond rimmed time machines and rub elbows with the stock Gods.
Going forward, I believe it is possible to see a bounce. On that bounce, I will probably let go some of my oil holdings, which include: [[FTK]], [[RIG]], [[ARD]], [[PCZ]], [[NOV]], [[HP]] and [[OII]].
Top picks: short [[PACW]], short [[WABC]], short [[VLY]], long RIGIf you enjoy the content at iBankCoin, please follow us on Twitter