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
19,238 Blog Posts

Still Long Oil — Getting Beaten Up About the Brow — Eagerly Awaiting a Posh Close

The American Dynasty will persist, uninterrupted, for the next thousand years. Our armies will control your countries and relegate your men and women and children to slavery, inside Chinese electronic foundries. Dark times are always just around the bend and the ease of decadence is often far out of reach for anyone punching a Chinese made clock. There are ways, methods even, to accumulate wealth, most of which runs counter to the prevailing culture of wanton consumerism and depravity. If you’re too stoned to understand your balance sheet, you’re also too dumb to accumulate any meaningful amount of money.

As time goes on, the more you’ll come to realize the winners have already been chosen, and only a select few, mostly designated at your local Ivy League school, will determine the fate of your children — whether or not to engage evil enemies overseas through military conflagration.

We have no cause for concern today, lads. The only thing to fear is fear itself. If markets rally into the bell, expect shorts to be discarded like cheap trash during tomorrow’s opening tick. If, by chance, we close at the lows — there is a strong chance we will gap lower.

With my money, formerly a professional investor and manager of other people’s money, I am astutely long NUGT, a variety of this or that — and GUSH — a seemingly ill fated invested — taken during a bad tape, in an obnoxious care-free “nothing can go wrong” demeanor.

By 3:45pm, we’ll know for sure what tomorrow will bring. Stay tuned.

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6 comments

  1. bronze28

    GUSH is gushing downwards on huge volume. Hold onto your cahonees or sell. YOUR CHOICE.

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  2. bronze28

    AFTER such a long run; extended and running on fumes… would be difficult to believe that after the bad news this morning that it would only be a one day down wonder. MORE TO COME ME THINKS.

    BUT WTF KNOWS FOR SURE??

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  3. ferd

    “As time goes on, the more you’ll come to realize the winners have already been chosen, and only a select few, mostly designated at your local Ivy League school, will determine the fate of your children — whether or not to engage evil enemies overseas through military conflagration.”

    Important words on which everyone – especially parents – should reflect. Players are milled by the machine. And if you want your kids to play, take the time to learn the rules for admission. (Hint: it is not a meritocracy.)

    …when it would have matteredOne should teach that to your children. Or better yet, one should task someone other than oneself to impart that wisdom to them …as only later in life, will they realize that you know what you’re talking about.

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  4. bankindamonkey

    time is now 6:25pm and I still don’t know what is going to happen tomorrow fly, come on!

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  5. fxtradepro

    A Dovish Fed + Dovish ECB on the brink of a recession + China Fucked = Buy Gold
    I want Oil back below $50 and I’ll step in and buy…
    Stocks – I will not touch until we wipe out the January gains and after Q4 GDP is reported on Feb 28th.
    Bonds- All day long until then…

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  6. chumpdaddy

    930 pm and futures are selling off, -11 s&p pts. Oil only .52 lower and gold still lifeless.

    I still have ancient longs I won’t sell unless I want to write another check to the IRS, so have decided to grit my teeth and hedge.

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