iBankCoin

WORST OPENING DAY SINCE 1932

I am waiting for locust swarms to swoop in and decimate my neighbors gardens.

Stocks are having their clocks thoroughly cleaned for them today, off by 450.

There are a few lads running about the prairies who feel this sell off is overdone. But there aren’t too many of them.

“A lot of it has to do with China and a lot of it is overdone,” said Art Hogan, chief market strategist at Wunderlich Securities.
“The China PMI hasn’t changed much. It’s not unusual to have an outsized reaction when you’ve got a base case that 2016 could be a tough year.”

“I think it’s very much global markets are in a risk-off mode. It’s very hard to step in the way of (that),” he said.

Things were a lot easier back in 1932. The economy was affirmed to be mired in a bit of a slump, unlike this ambiguous smoke and mirrors crap. There weren’t any hipsters. And CNBC wasn’t invented yet.

Ah, the good olde days of 1932.

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8 comments

  1. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Indeud.

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  2. probucks

    don’t forget the Fed (lololol)

    “RTRS – WILLIAMS SAYS THAT THREE TO FIVE RATE HIKES THIS YEAR MAKES SENSE”

    I want w/e they’re smoking plz… no, not their normal dosage though. Something for beginners like me.

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  3. halfbloodpope

    Wife and I just enjoyed The Big. Short. Not the best film ever but certainly enjoyable and somewhat educational. Love films based on true events.

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  4. halfbloodpope

    Awaiting moderation? Have. I been banned here too?

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    • frog

      Email Jeremy when that Awaiting moderation happens. He can fix it usually. He’s admin (at ibankcoin.)

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  5. chief keef

    oversold gents

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  6. bruce keller

    I decided to be a robot BTFDer on AAPL for ER at least. Working out so far!

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  7. og

    Strange how GPRO likes to rally on the bloodiest days.

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