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
18,678 Blog Posts

The Last Vestiges of Hope Have Been Cracked Asunder — CRASH MODE SEQUENCE INITIATED

Hard to hedge while in the thick of a heart stopping decline. However, I am raising more cash — stopping out of HUBS and ZEN for 8-11% losses.

I am now 65% cash in my retarded trading account, long idiot ETFs like YINN and TNA. Who knows what should expect next — probably disastrous downside pin action and more.

Well, we’re diving now, so we might as well enjoy the long shadow being cast upon us now, embrace in the agony of others and hope to dear God the air of quiet death doesn’t come for us too.

If you enjoy the content at iBankCoin, please follow us on Twitter

10 comments

  1. jbandy

    Powell intentionally tanking the market to harm Trump in the midterms. Powell hates his guts for his attempted interference. He knows Trump needs checked.

    • 0
    • 1
    • 0 Deem this to be "Fake News"
    • juice

      this does not compute about about Powell … couldn’t be farther from the truth

      you are letting your biases/emotions infect your intellect and rationality

      • 3
      • 0
      • 0 Deem this to be "Fake News"
      • jbandy

        You don’t think people who work for Trump can’t still hate the guy and his brand of politics? Look, intentionally harming the markets may be a little too strong. But Powell certainly wouldn’t mind seeing support for Trump hurt–and a nice, solid tanking of the stock market is a good way to bring that about. He was uncharacteristically hawkish when he spoke almost 2 weeks ago. The market has tanked and interest rates of soared since then. Many, even those within the administration, see Trump as a danger to the US and the global good…and Powell probably detests the fact that Trump criticized his Fed.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • juice

          Powell most certainly doesn’t feel the same about Trump as you do, Hillary

          • 0
          • 0
          • 0 Deem this to be "Fake News"
    • og

      People realizing trade wars aren’t good for anymore.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • numbersgame

      So with the unemployment rate at 3.7%, just how low do you think interest rates should go? Low interest rate are just a scam to transfer wealth upwards, as assets automatically track interest rates but wages don’t.

      Which of course make me wonder if Kudlow’s asset-infaltion-tax-adjustament plan is just his way of dishonestly and intentionally widening the income gap or if Kudlow really is that incompentant/naive/stupid/ignorant. A BS in History isn’t the best resume for the President’s chief economic advisor.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. ferd

    OK Mr Trump, time to fix this trade war thingy with 280 characters or less.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. ericbakerbruce

    I’m gonna dip my toes in the water here

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. numbersgame

    *This* dip I bought for a bounce, but I think the market is going lower in the short- to mid-term.

    • 0
    • 0
    • 0 Deem this to be "Fake News"