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
23,428 Blog Posts

BEWARE OF THE AUTO-CATALYST AND NEGATIVE FEEDBACK LOOP AS WE ENTER THE BLACK VORTEX

Some of you derive from good stock and, amazingly, have a concentrated strain of stupidity in your DNA. Just because stocks are lower and people are saddened by their portfolios doesn’t mean they’re bound to head higher now. What is with your obsession to “fucking nail the bottom?” Are you fucking stupid or just retarded?

Why don’t you wait it out and grab the fat fucking middle.

Right now we only know about China and we know about Trump and slowing economies around the world, and caravans en route to Texas. But why the hell is WTI acting so bitcoin now and where is the respite for stocks this holiday season? All of these things are important questions and often times you’ll only find out after the fact.

As stocks sour and the mood darkens, things will begin to happen. A negative feedback loop will affect consumer confidence and in turn hurt business and eventually growth. I’ve seen this a thousand times before, as I am an ancient relic of immortal qualities. The auto-catalyst is upon you and all those angling to catch bottoms will be tossed into the empty vortex of blackness for all eternity.

Happy Sunday!

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17 comments

  1. cancel19

    What the heck is happening to Bitcoin? It’s going down faster than the Titanic.

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  2. soupbone

    Doubt oil is a leading indicator

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  3. heckler

    Bitcoin bottom??

    Oil is lower because Trump let’s them murder reports

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    • ferd

      There is very good news that has come from that reporter’s assassination:
      The people who run our country finally allowed reporters to report on the slaughter, plague, and starvation that we and the Saudis have inflicted upon Yemen.

      I have little doubt that there were many reporters in the USA who had not completely lost their humanity and who were lobbying their managers for permission to report on Yemen but who had been held at bay for several YEARS. Then, on the same single day a couple of weeks ago, all of our MSM started reporting, with pictures, on Yemen. With even the NYTs featuring a picture of a little girl who was just on the verge of starvation.

      The above is a perfect example of how our free press – isn’t. One may report on gay wedding cakes from any angle one wants, but the narrative on our many mid-east wars is tightly controlled.

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      • juice

        they could care less about innocents lost in Yemen or anywhere for that matter, other than the fact it’s something they could blame on Trump

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        • moosh

          Exactomundo, juice and ferd. As for crypto… after reading coinspeaks’ blog…I am almost 99.9% sure I don’t know what the fuck is going on anymore. So, it joins the ranks of oil in that case.

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          • heckler

            Dude I read it too UXC_5000 says bitcoin goes up but Ap2010 inventor’s with the spiltFAG Fork was aggressive online so it’s hard if Nakumutu is willing to code this bull cycle.

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      • tha pirate

        Ferd: I know you & the leftists will come after me. but arent you forgetting something? WHO are the Saudis fighting in Yemen???? Answer: The Houthi movement which is really just IRAN. Don’t get me wrong, I am NOT a fan of Saudi Arabia. It is a non-democratic oppressive nation led by a ‘King’. As BAD as it is (and it IS) Iran is WORSE. It takes TWO sides to fight a war. WHO are the Saudi’s fighting? Why doesn’t the NYT & left ever mention it?

        IRAN is attacking Saudi Arabia FROM Yemen. IRAN is ALSO killing Yemen kids – LOTS of them. WHY IS THIS NEVER MENTIONED?? Iran publicly hangs Gays, executes children, oppresses violently ANY dissent and is a tyrannical regime which supports terrorists. The leftist ‘Bible’ AKA the NYT was VERY quiet when Hussein Obama sent $1,700,000,000 in cash (1.7 BILLION) on wooden pallets to Iran and unfroze $150 billion in Iranian assets in exchange for the WORST ‘deal’ (not a treaty) to beg them not to produce nukes in history. IRAN is a MUCH bigger problem then the Saudis.

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      • tha pirate

        BTW Ferd, that ‘reporter’? Anyone know who he was? A terrorist supporter of the Muslim Brotherhood terror organization. You think Mr. ‘wonderful’ Erdogan who imprisons thousands of real journalists is not simply exploiting this for political gain? Maybe if people like Obama & the left didn’t supply Iran with all those billions in cash the Saudis wouldn’t have to fight them now in Yemen?

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        • ferd

          Pirate, you really should spend more time reading and learning. If, after doing your homework, you want to go to Yemen and join with Saudi and Al Qaeda in their conflict with Yemeni Houthis – – go ahead. Just don’t think that, in doing so, you’re helping America.

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          • tha pirate

            Einstein, you read ANYTHING I ead? The conflict is NOT S.A. vs Houthis, it’s Sunni S.A. vs Shia Iran. Are you ignorant or just an Iranian government stooge?

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          • tha pirate

            Hey genius, you read ANYTHING I read? The conflict is NOT S.A. vs Houthis, it’s S Arabia vs. Iran. Are you ignorant or just an Iranian government stooge?

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  4. torero

    Apple just broke through support around 175 that alot of analysts were eying. Saying next resistance is in the 160’s.

    If SPY breaches 258, whether due to AAPL or anything else, it will likely be a very long drop for the market.

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