I’ll leave the diatribes to those of you who love to hate the Government in the comments section, or other third tier bloggers.
Gentleman and piss ants, I am here to bank coin. I do not care about main street or crooked politicians; because I have no control over them. The only thing I preside over are my actions and the influence I exert upon others, in my domain.
If I were to spend my time focusing on the miasmic world of Wall Street and Federal Reserve fuckery, I would be living in a housing tenement in Brooklyn.
This is what I know:
Providing Ben and Hank are fresh out of tricks, this new leg down will be the killer. Last leg lower, ag, commodity and infrastructure stocks held firm. Furthermore, select blue chip tech/retail names, like [[AAPL]], [[RIMM]] and [[GME]] held their butter. Not this time.
One by one, the generals have been taken out and shot, including [[POT]], [[MOS]] and even [[X]].
As you know by now, this market has financially ruined people. I know many investors who had their life savings tied up in bank/broker dealer stocks, only to be washed away in one short year. Just like that.
Sure, the warnings were everywhere, except on CNBC. But I digress.
When the “homo hammer of certain death” falls again, it will be permanent. I do not know when it will occur; I only know it will. For all I know, the market can go on another terrific run to 12,000, prior to the ominous resurfacing of the dastardly “homo hammer.” I digress again.
Pension funds are being clown raped, if that makes any sense to you. I know people who manage these funds and they are stupid/hopeless.
Everyone is waiting for the bottom, all the while the Treasury and the Fed concoct new plans to reinflate the balance sheets of bullshit banks, via draining the life savings out of school teachers.
Everything about 21st century banking is 2nd rate, from bank tellers to bank whores (Dick Bove). As an investor and steward of assets under my management, I cannot find it in me to buy [[WM]], down at these levels, like some people I don’t know.
To sum up this rant of nothingness: before trying to catch the genesis of a new bull market, remember how stupid you were [when you tried it the last time] and find solace in knowing that you are not “The Fly” and do not have the luxury of hedonistic time travel. Instead, go eat a ham sandwich with mayo, watch the ballgame and guzzle down a few dozen bottles of beer, while Ben and Hank fumble around— selling your country to egregious clowns wearing florescent yellow jumpsuits.If you enjoy the content at iBankCoin, please follow us on Twitter