I laugh at trade wars. I spit on actual wars. I buy the fucking dips when faggots panic out of their shares due to political news flow. This is precisely why iBankCoin was built — to protect traders and investors from the limitations thrusted upon CNBC and Bloomberg by special interests. Their interests do not align with yours. Ergo, we buy the dips, mightily, because the Gods said so. Also, because it’s the right thing to do — standing up to defilers and their catamites, saying ‘we will not stand for this shit anymore you fucking faggots.’
I sold my SQQQ for a 2 point profit — DRV for a marginal gain, and stepped in with a full heart in SOXL.
If you enjoy the content at iBankCoin, please follow us on Twitter
So you’re protecting us from CNBC by giving us the same advice as Jim Cramer?
geoff, don’t watch Cramer, wouldn’t know. What might be worth noting is, he’s giving the opposite advice as Peter Schiff.
Even Jimmy is right once in awhile
Forget the steel trade war. It will not happen. The NRA will remind Cadet Heel Spurs that guns and bullets are made with steel. Anything that might increase the cost of steel is therefore an imposition on 2nd amendment rights, collectivist, treasonous, and will lead to the demise of this country and the defiling of our beautiful, American, flag.
The price of steel doesn’t matter when nobody is buying guns anymore…
Maybe that’s why the NRA is in favor of peopel with mental issues ownign guns. Ever since Trump’s election, gun sales among their regular base has been dropping.
There’s no money for books, computers, and teacher raises, but the NRA wants the govt to fund a gun-buying program/ (Well, a nother one after the $700B Defense Dept).
A tariff on steel could work if the funds collected were used to subsidize the purchase of guns. Then perhaps every man woman and child could be part of the great, well-regulated militia that our Christian, founding fathers intended us to be and we can all protect the sanctity of our beautiful, American, flag.
Mandatory military service would pair up nicely with gun ownership. Six months to work down some flab into muscle.
A relief-rally makes sense. Although Bulls think the market goes in a straight line, I know that four -1% days in a row is not normal (which is why I sold UVXY yesterday).
As i mentioned ealrier, this recent test-of-the-lows was not felt by the FAANNGs. We’ve seen ATHs in them over the last week – although on lower volume. Without volume flowwing the ATH, then it just seems like a setup for a massive drop if they stumble on earnings.
Theoretically, the efficient-market theory says that stocks are always fairly-valued, reflecting all current knowledge (includign future projected earnings). However, this is not the case. During bull markets, earnigns *do* go up, but so do PE multiples, at a much faster rate. So the better stocks perform, the better people *expect* them to perform in the future. This is why we always go thorugh thes boom-and-bust markets, alwasy overshootign one way or another.
Of course, automated trading algorithms are designed to take advantage of this, and amplify the issue. Wall Street keeps tellign people everything is fine, until peopel realize it isn’t. Then Wall Street amplifies the panic in the other direction.
Did you read the prospectus?
Fly, nice timing on the SOXL call