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
18,706 Blog Posts

Beware of Holiday Induced Liquidity Traps

We’re oversold. We’re so oversold, it’s scary. Scary for you — I really don’t give a shit. We have a vapor locked menace taking place in the crude and equity markets and there’s nothing you can do to stop it.

You might feel induced to buy dips and you might even enjoy a 100 point rally throughout the day; but the trend is, inexorably, lower. Those are the facts on the ground, losses on top of losses, an auto-catalyst that has taken the hopes and dreams of Turkey fevered Americans and CRUSHED THEM INTO THE GROUND.

The aspirational and the weak have been turned into pillars of salt, bearing witness to their portfolios being destroyed.

If you didn’t play this recent downturn perfectly and have losses, you’ve lost the privilege to buy into the blood. Got it? You blew it, myself included. If I was short more semis and had more cash and didn’t lose 4% yesterday, I could buy today. Instead, I am 85% cash, long 10% TMF, holding my dick — doing nothing.

I’m not buying this shit and I’ve been doing this forever. Markets do not respond well to illiquidity and poor technicals, which is exactly what we have now — a witches brew of indecorous ruin just around the bend.

If you’re reading this and have listened to me before and I’ve served your interests well, heed my warnings when I say “go eat a sandwich” and “stay the fuck away from the market.”

RIP 69. It was fun while it lasted.

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12 comments

  1. Theon Nodick

    69 aint die

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  2. Theon Nodick

    He lite up gen pop

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  3. it is showtime

    “Oh but 10 9 vix”
    Right?
    “10 9 vix. 10 and 9 vix”
    “Oh but it’s a Forever Market” Right?

    You’re toast
    You’re done
    Yipee ki yay

    https://www.youtube.com/watch?v=oKLGrYHIXDU
    Yippee-ki-yay, Motherfucker | Die Hard

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    • cancel19

      Yea, Showtime, watch the pop at that drop. Wo wo wo wo
      Smart Money, pick it up
      Wo wo wo wo
      Them Pikers sell a lot,
      Wo wo wo wo
      Who ya think gonna make a lot,
      Wo wo wo wo
      Peace!

      😉

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  4. dragun

    bounce in crude forthcoming? -6.66% today

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  5. acehood

    Trump won’t stand for this.

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  6. bronze28

    stop FLY; STOPS. and you buy at pivot points. LOOK AT AMD; CGC; MSGN… hits the 100dma and moves up… but it is FUCKING NERVE WRACKING.. I’ll give you that.

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  7. dchanko

    Http:thefly.com

    Is this you?

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  8. dae42

    Bonds are gay

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  9. ferd

    Bunch of 10 through one percenters trying to talk like they’re from the hood.

    Humans are weird.

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  10. mrcharlie

    Yo Fly that BILI held up yesterday I was surprised

    You gonna BRINE that bird for tommorow????

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