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
23,426 Blog Posts

Morning Poppers (Bitcoin Has Crashed Again Edition)

Your beloved Bitcoin has crashed below $10,000 again. How stupid does that make you feel on a scale from 1-10?

Meanwhile, Dow futures made a full recovery, up from -150 to green. But the Europeans aren’t that lucky, as their markets are still mired with losses. Generally speaking, Americans are an improved version of Europeans, as a civilization. Albeit, we have no real culture and we’re mostly a cadre of gun slinging, hamburger eating, absolute fucked faces — things are far worse in Europe.

Fed’s Bullard is warning that too many rate hikes might fuck up the economy. That’s very nice of him to offer us a bit of honesty in between all of those lies he regularly spews.

Ray Dalio’s dementia deepens, alongside his gigantic short position on the market. He’s now calling for a 70% chance of recession by 2020. Impossible.

“I think we are in a pre-bubble stage that could go into a bubble stage … The probability of a recession prior to the next presidential election would be relatively high, maybe 70 percent, Dalio said during an appearance at the Harvard Kennedy School’s Institute of Politics.

And, here are some other headlines.

Shutterstock (SSTK) announced its investment in China’s leading creative social network and artist platform with nearly six million registered users, ZCool Network Technology Limited. ZCool has been the exclusive distributor of Shutterstock’s creative content in China since 2014.
LendingTree reports Q4 EBITDA and rev above guidance; guides Q1 revs in-line; reaffirms FY18 guidance given at Investor Day in December
Gibraltar Industries beats by $0.07, beats on revs; guides Q1 EPS below single estimate, revs in-line with single est; guides FY18 EPS above consensus, revs in-line
Mellanox Tech target raised to $94 at Stifel following earnings
Chesapeake Energy beats by $0.05, beats on revs
U.S. Silica target lowered to $42 at Cowen
Bloomin’ Brands beats by $0.02, beats on revs; guides FY18 EPS above consensus; Combined U.S. comparable restaurant sales were up 3.3% with traffic up 1.8%
H&E Equipment reports Q4 (Dec) results, beats on revs
Wayfair misses by $0.06, beats on revs; guides on call
KLA-Tencor upgraded to Neutral from Negative at Susquehanna
Helios & Matheson initiated with a Buy at Canaccord Genuity; tgt $15

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12 comments

  1. reversion

    ZPN declares bitcoin a false flag…. never was a bitcoin

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  2. reversion

    Speaking of Europeans…. Peaky Blinders on NFLX for the win!

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    • Dr. Fly

      An excellent show.

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      • sarcrilege

        Where do you ladies find the time to watch shows? I could use some. I must be doing something wrong.

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        • WrongView

          Cut out 30% of the time you spend on Stormfront, and you’d have plenty of time for Peaky and more. You’d like Alfie.

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        • WrongView

          Of course it is.

          Baaa baaa baaa!

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        • bob smith

          “Where do you ladies find the time to watch shows?”

          Nothing wrong with refusing to fill you head with mind-numbing garbage. Just remember there are other ways to accomplish the same thing (e.g., you could watch CNN).

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  3. sarcrilege

    BTC below $10K is still about $10K above where it really should be. And there no longer is any Europe – just a hellhole inhabited by low IQ raping, violent and child abusing muslim degenerates form MENA.

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    • bob smith

      Yeah, the “family” went to the fatherland a while back to enjoy the fine German culture and memories. I passed…

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