An iBC Featured Presentation: BEARSHITTERS ATTACK!

It was a hard day of toil and tumult. Extricate yourselves from the bottle of whiskey right now and BEHOLD an iBC featured presentation.

THE BLACK FLAG: WHEN BEARSHITTERS ATTACK!

This was a real time account of today’s trading action. Enjoy.

This was a rancid day for longs, even worse for parma-bull retards.

Consider this, there is no place to hide now but gold and bonds. You have been dispatched. The safe haven status for utilities and REITs has been revoked with today’s broken elevator actions.

As such, I stepped in and bought DRV — triple downside REITs. Fuck the REITs and the horse they rode in on. To sum up today’s moves: stopped out of APPF, bought FAZ at $13.13, bought EGO at $0.64. I maintain positions in a few tech stocks, GE, and a slew of precious metal trending up. My largest position is TLT. I intend to make most of my money on the upside, when and if this FUCKER ever stops going lower. While REKT in my long term account, I’m okay with transitional losses, as I get my feet wet on hedging and cementing a longer term bearish narrative in my investment planning.

Does it matter if we’re in a bear market or not? It’s just a label. But prices are sucking lower and bulltards are getting wiped the fuck out clean — removing them physically from their money. I’ll have you know, I am getting LIT THE FUCK UP in my long term account today, but somewhat hedged in my short term with gains in gold, FAZ, and DRIP.

I stepped in and bought some EGO today, thinking the recent bull market in gold lifts junior miners like EGO. There is a potential large upside in a piece of shit like EGO. I do not pretend to know the first thing about gold mining — but I know sentiment and numbers and people are scared AF, in search for havens.

My longs in my trading account will remain until my 10% stops are met. The point of having both longs and shorts is to profit from the spread, which I am doing so today. I was not 100% short because I was cautious. Today I am emboldened by the action to get even MOAR bearish — but, truthfully, it’s times like this that produce sellers exhaustion or some sort of tweet that buoy stocks.

My bias is inexorably for lower prices. However, I am not positioned to make a grande sum on the downside just yet. I am uneasy to short too much into the hole.

Here’s that Gundlach clip.

DoubleLine Capital CEO Jeffrey Gundlach took a shot at passive investment strategies such as index funds on Monday, declaring the investing strategy a “mania” that is causing widespread problems in global stock markets.

“I’m not at all a fan of passive investing. In fact, I think passive investing … has reached mania status as we went into the peak of the global stock market,” Gundlach said, speaking with CNBC’s Scott Wapner on “Halftime Report” in Los Angeles.

“I think in fact that passive investing and robo advisers … are going to exacerbate problems in the market because it’s hurting behavior,” Gundlach added.

Gundlach’s DoubleLine actively manages clients money and has more than $120 billion in assets under management, according to the firm’s website. The exchange-traded market has grown to a $5 trillion juggernaut since the SPDR S&P 500?s inception in 1993. Investors shrugged at the recent recession fears and economic concerns, adding more than $16 billion to U.S.-listed ETFs in the week ending Dec. 13, according to FactSet.

“I wouldn’t advise anyone to be a passive investor,” Gundlach said. “My strongest advice is to not invest in passive U.S. equity funds.”

He said his best idea for 2019 is “capital preservation.” Gundlach defines that as “high quality, lower volatility, lower duration bond funds” he said.

On the flip side, Gundlach said “the worst thing you can do is what everybody has done: Crowd into S&P 500 index funds because that’s the most expensive market.”

The investor made correct predictions for 2018, including a drop in stocks on rising yields and declines in Facebook and bitcoin. He thinks the stock market is headed lower next year, calling for the S&P 500 to fall below the lowest level it hit this year.

Want to survive the fires to come? Get long TLT, GLD, and some god damned UUP.

As markets struggle, these three vehicles are flying higher, both wonderful and resplendent. With gold, we’re at a point in its narrative that demands attention. This is a bull market in the making, believe me.

My exposure to precious metals is EXK, NUGT, AU, and KL. My largest position in my trading account is TLT, and I own zero UUP — mainly because I have plenty of cash on the sidelines — currently at 20%.

Yes, markets can bounce. Yes, you should have long positions for the long term and even some in the short term. But if you’re looking for some assets that will withstand the bear market, only bonds, gold, and dollars work.

Nothing in credit happens without affecting the banks. Ergo, as HYG drops and the prospects of high yield worsens, logic dictates so should the banks.

Goldman continues to break down.

More specifically, the XLF is below its downward barreling channel and looking like it wants to plunge.

I went long FAZ this morning.

The non-stop bitching on Twitter by the PRESIDENT OF THE UNITED STATES makes me feel like he’s just sitting there in an office, like a prisoner, without any power. What is the point of his complaints if nothing is ever done to remedy the situation?

Here’s Trump complaining about the Fed again.

It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!

— Donald J. Trump (@realDonaldTrump) December 17, 2018

Here’s what you need to know.

Futures are -130, a complete reversal of last night’s gains. Gold is higher, yields are flat, and we have 10 trading days left in 2018.

If you’re running money, you’re staying small for the balance of 2018 and positioning for an early 2019 market rout.