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
23,500 Blog Posts

Post #10,000: Sell Everything

Breathe in everything and digest what you’ve just experienced. This is sheer, gypsy, fuckery at its finest. The small moving parts are no longer important. There are big things happening, accompanied by giant moves that affect everything.

The expectations have never been higher for the ECB. We are in the grips of harsh and severe deflation, even BBY mentioned it in their conference call. I’ve been saying this for almost a year, while the clam fuckers on CNBC were jaw-boning about rate hikes. There will never be rate hikes and QE IV is assured. The only thing we need to do before getting QE is go lower. Very simply, the political clout isn’t there within a buckshot of new highs. We need to dive lower, mind you, to the tune of 15%.

After the Dow drops 2,000 points from current levels, we will get more QE.

In the meantime, we’re gonna bounce soon, as is always the case with runaway markets. In this instance we are running away to the downside: unsustainable. But do you have confidence that Draghi and his european comrades will succeed in saving equity markets? Because if he disappoints, the market is going to swan dive lower.

With banks getting crushed and oil already in the shit-box, there’s too much pain out there. A liquidation is in order and everything will compress because of it.

All of my gains for the year have been wiped out and I hate life again. The cycle continues.

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32 comments

  1. zombie

    The Fly is God.

    X 10,000

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  2. piotri

    Wish you and all of us here another 10,000 blog posts. Just dont lose all of your chips in meantime:)

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  3. lamouche

    I told you the folks who created the mess weren’t smart enough to clean it up. Listen to Adam Smith.

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  4. Marc David

    If we bounce here is this a buy the dip or a chance to get out of positions and await further opportunity?

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  5. gorby

    You’re right. It doesn’t matter a hell of a lot if you can swim, in a tsunami.

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  6. it is showtime

    So guess what.

    You did NOT go higher
    You did not GET to go higher

    See you at the finish line.
    thats a lower-high if the lower-high does not already exist

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    • zuul

      When ever you get strong enough to lift open the manhole and poke your head out, you get run over by a city bus.

      Now we just need Huggie Bear to start crying and we are guaranteed to spike higher.

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      • it is showtime

        As long as it takes buddy

        I have no qualms at being reversed and whiplashed
        I withhold out of respect and unleash at no one’s whim

        Fight to the death

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  7. just3group

    NDRM is killing me

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  8. Marc David

    Word of the Day: Conejo

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  9. ttotalone

    Wiould a new QE increase the price of crude??

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  10. rangersfan

    No doubt Macro Hedgies got hit today, probably be liquidations over the next week or so.

    FWIW 70% cash. Dollars are very valuable these days.

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    • rangersfan

      Raise cash now so you can enjoy the 3 day weekend, and dream about a nasty open come Tuesday.

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  11. Quality Control Inferno
    Quality Control Inferno

    QE was and is madness. It should’ve never happened in the first place. Once again Keynesian economics fails.

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  12. og

    Horrible start to the year for me. Ugh.

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  13. scooter186

    Your 10,000th post just wouldn’t have felt right without at least one ‘clam fucker’ thrown in there. Congrats.

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  14. zheeeem

    Sheer gypsy fuckery indeed.

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  15. smartestone

    yeah, I want to be more optimistic, but the SPX still has another 100 pts to fall until it hits meaningful support .

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  16. Mr. Partridge

    This is a dangerous environment… for now any way… stay safe

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  17. xilicon

    I feel this is bit from one of your commercials is aptly titled: Dream is Collapsing
    https://www.youtube.com/watch?v=imamcajBEJs

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  18. one-eighty

    Congratulations. A mad achievement.
    Cigars and cognac in the louche halls of the IBC Gentleman’s Club.

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