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
19,110 Blog Posts

Pinterest Files For IPO — Market Top Just Around the Bend

Today’s action was milquetoast. I’m neither hot or cold on the action. But I am dead cold on this news.

Pinterest is a piece of shit female only social network. The fact they want to IPO now, after so many years, must mean VCs are on edge and want to liquidate to the fools. They’ll visit CNBC soon and tell you how wonderful Pinterest is and how they’re trying to get men to use it. But rest assured, no one gives a shit about it and you should not buy that damned stock.

Let me say this and with great alacrity:

The fact the Fed is going to stop unwinding their balance sheet means they foresee deterioration in the economy and are trying to jump ahead of the curve. This Pinterest move only lends to that narrative.

Technically, all is still good. Nothing wrong with crude, junk bonds, the dollar, or small caps yet. My hunch, gold bounces like a motherfucker tomorrow, with stocks, and we continue to barrel into micro caps with animalistic aggression and destroy our enemies.

Top picks: NUGT, HYRE, SAND, and GEVO.

If you enjoy the content at iBankCoin, please follow us on Twitter

7 comments

  1. it is showtime

    Oh —— and —— Sell The Fuckin News —— Sell The Fuckin News —— I thought a trade rocket was launched last night —— Sell The Fuckin News ——- Where’s the pushthrough guarantee —— Sell The Fuckin News —— Land of fake Money

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • edge

      I have a garage full of cool stuff I bought with that fake money. Some houses and cars too.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • bob smith

        As you have already know, but readers here may not yet know, your cars and houses bring you as much real joy as an ear of corn… not much. Your pretending otherwise doesn’t change that.

        If money, cars and houses brought true peace and joy, the Fly’s wife would be happy… but, alas, she is making plans to enjoy life sans the Fly.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  2. og

    You’re probably right. Uber, Lyft, AirBNB and Slack IPOs all around the corner.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. edge

    5g now, roads, bridges, military hardware next? I look for the government to keep the economy on track until the next election. The Fed will deliver too.
    Ain’t it wonderful?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. chumpdaddy

    Certainly, Pinterest IPO is a sign of impending doom. Nas 100 still fighting its 200 day MA like King Kong vs. T Rex. Great day, for me at least, with intraday futures trading. Bad day for those stocks I can’t sell this year. Must hedge…UUP is hanging on a resistance line, tailfeathers drooping over btw.

    • 0
    • 0
    • 0 Deem this to be "Fake News"