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
23,433 Blog Posts

Dow Futures Through the Roof; WTI Approaches $65

Dow futures are +160. How stupid do you feel for selling last week? Also crude is approaching $65, which means we’re one step close to the $1,000 tomato.

Frankly, traffic is onerous and prohibitive. I’d like gas to spiral up towards $10.00 per gallon, in order to shuffle more normies onto public transport. At $10 per gallon, the roads will be designated for King’s only — a perverse form of auto-mechanic eugenics that expels fuckheads from the road and keep them on the rail.

Our friends at Zerohedge claim markets are most overbought in 120 years. I’m not so sure about that interpretation and seriously raise eyebrows at Mr. Hedge’s bias.

Over in Exodus, our 12 mo algos are indeed overbought; but that doesn’t mean stocks are heading lower. Your textbooks might imply ‘overbought’ is synonymous with about to head lower — but your textbooks were written by absolute novice fuckballs. Truth is, overbought is simply a condition and is data dependent. In this regard, I can conclusively tell you our overbought triggers are synonymous with heading higher.

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13 comments

  1. active shooter

    Peak Oil must be close………..

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    • cancel19

      The professor telling us that crap forgot that technology doesn’t stay constant. LOL

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  2. soupbone

    Many cities were befallen to develop around the car, suburbia, shopping malls. Leaving the inner cities (and towns) to rot in negligence and crime, a bad outcome because the city center should be lived-in. Want to live car-free? Work, house everything has to be either a stone’s throw or on public transit lines…Suburbia is about cars and oil. Nowthen, I figure the youse will be needing oil for at least 50 years more…that is an (cyclical bitchy) investment.

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  3. soupbone

    Many cities were befallen to develop around the car, suburbia, shopping malls. Leaving the inner cities (and towns) to rot in negligence and crime, a bad outcome because the city center should be lived-in. Want to live car-free? Work, house everything has to be either a stone’s throw or on public transit lines…Suburbia is about cars and oil. Nowthen, I figure that youse will be needing oil for at least 50 years more…that is an (cyclical bitchy) investment.

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  4. soupbone

    wtf no editing, sorry.

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  5. mushroomz

    NEO ripping tits $200 rolling

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  6. indie

    ZH has been permabear since… forever. I’ve never seen him/them optimist about the future.

    Do these people make money ever from the market?

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  7. sierra water

    Well of course the market is headed higher.. The fed needs more time to get blockchain up and running so they can be ready to institute global digital money via the SDR (backed by some gold) on the blockchain. Of course nobody wants to include the US fed debt load on such a wonderful new instrument, so they will buy as much time as possible before letting the US Dollar disintegrate and instituting digital currency.. The bloodbath will be quite spectacular but all part of the grand design.. Look at the monthly charts of the Qs and tell me we aren’t bleeding from the nose.. In the next 12-18 months, there is going to be the ultimate VXX, UVXY trade.. The Big Short scenario is coming and the plebs will miss it..

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    • sweetbillyv

      Just enjoy the ride up! Who cares and when it corrects, more opportunities.

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  8. probucks

    it looks like the model is incapable of timing the next swan dive also….. given all timeframes r producing bullish readings

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