We had a lot of fun yesterday. The market was up nicely and Cramer was scared of stocks. We felt better than him, smarter, better looking, more hair. Now we feel the same, ugly, fucked, forked, radish.
Oil is down 30% for the quarter and I think it’s fair to say, without pause, we are in a bear market. The stocks I bought yesterday are sharply lower today. Actually, I bought inverse ETFs and they’re sinking. If things do not firm up, if things do not get better, I’ll be selling them and hiding in my home with lots of cash. I’ve been through so many bear market — I consider myself an expert on these matters. Heroes die first; cowards get to live another day, smell the lavender infused air, eat well, enjoy the good times.
We may be heading into a prolonged downturn — an ordinary and hazardous bear market, so BEWARE fuckers and don’t think the market is good and ready to coil higher — ’cause it isn’t.
If you enjoy the content at iBankCoin, please follow us on Twitter
Market coiling higher.
In and out…don’t be a zebra.
Yup. Not a terrible explanation here: https://www.forbes.com/sites/vineerbhansali/2018/11/26/tech-crash-echo-its-beginning-to-feel-a-bit-like-2000/#44dbcd74282d
Cliff diving is fun until it’s not.