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
19,609 Blog Posts

YOU DESERVE A COLLAPSE

I get a lot of pushback from you fuckers who want the party to keep going — cocaine fueled rampages throughout this economy of shit — all because of selfish reasons. I, on the other hand, want this to crash and fucking burn, for selfless reasons. I am completely detached from personal gain on this one and only want to see the Dow 10,000 points lower for the sake of my great grandchildren.

You selfish butt-plungers are just in this for a fast buck, then off to your parties and extravagant limousine lifestyles. “The Fly” is a man of steel, for the people, doing things for the people. The market is filled with froth and angst, inequality, and racism — which is why we need to crash eet now — leaving no survivors.

Sure, you can foray into the bids and profit from dips. You might even get to invest in an idea that pans out, like Tesla, and make a bundle. But the pyramid, lads, is upside down. The demographics are fucked, and so are the financials.

Starting tomorrow, I expect the market to buzz-saw the fuck lower.

Am I selling my stocks now?

Not all of them, for I am not retarded. But I do have cash and I am hedging. If you’re not thinking about playing defense with the 10yr at 1.64%, you’re mentally stupid and do not belong in this game here.

Listen to me: I am a Master Ace Stock Trade, doing fucking barrel rolls in the sky — defying the laws of gravity, providing the people in Exodus with stocks picks with balls the size of elephants. I lose some, but I win a lot more. If my intuition is telling me to sell short, I’ll do that. Do you know why — because that’s what winners do. We simply follow the trends and profit from the pain and misfortune of others.

In short, gold is the shit.

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

22 comments

  1. natehois

    If I read between the lines, fly is actually being courteous here… if we crash we will get another cocaine rally and we will all become bajillionaires. This is just tough love from fly. But truly love.

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

    On a different note, here is the next company to invest in( when/if it goes public):
    https://www.zerohedge.com/news/2019-08-12/loadsmart-and-starsky-make-first-start-finish-autonomous-truck-delivery

    The challenge with truly autonomous is 2-fold:
    1) the 1% problem: there are so many unpredicatable scenarios, it will be a long time before AI can take over urban/suburban driving tasks (highways are different)
    2) becuase of (1), insurance/liabilty/regualtion are a big issue.

    Starsky Robotics has solved the first problem by a truly ingenious method: instead of having a person in the vehicle ready to take over, they have someone *outside* the vehicle (a teleoperator) ready to takeover. While there are downsides to this approach (as laid out in the article), the huge upside is that a team of 5 humans can provide backup to a team of 20+ vehicles (as opposed to the 1-to-1 method of most self-driving vehicles) .
    https://www.forbes.com/sites/alanohnsman/2019/06/26/big-step-for-self-driving-semis-as-starsky-tests-unmanned-robo-truck-on-florida-highway/amp/

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. it is showtime

    Crack 4
    started
    July 31

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Black Swan

    https://youtu.be/yMViatBhPxM

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. mx2101

    Just for amusement, would a horrific collapse be:

    1. Deep State and Deep Market going nuclear on Trump?

    2. Trump blowing something up again, in order to have something to fix, and claim victory before the election.

    3. ???

    No personal opinion, just thinking of possibilities.

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

      Seems like we are already on the path of #2, considering Trump’s tariff tweet triggerred the current market panic.

      Of course, the market could forget the tariffs in another two weeks, just liek they ahve in the past. At the rate (pun intended) things are going, this Bull amrket *will* dies of old age (no more finacial stimulus such as regualtory reforms and tax cuts). The economy is the only thing keeping Trump from losing in 2020, so a *real* China deal may be the only thing left.

      However, Xi Jinping doesn’t face an election in 2020 – or ever – so the chacne of a favorable (from the US PoV) or even neutral China trade deal is dropping every day, and will be virtually zero 6 monhts from now. If Trump wants a trade deal, he better move ASAP.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  6. acehood

    Silver > gold

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. heckler

    You deserve a wet slap to the face!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. ericbakerbruce

    Jakegint was correct
    Golf & Silver are the place
    To be forever

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  9. omfgitsjd

    If I go into full bear mode shorts while the stated intent of the Executive Branch and the Federal Reserve is to keep the economic expansion underway through additional rate cuts and QE, could anything bad happen to me?

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

      That’s the wrong play, hence the wrong question. During the Great Recession, the FED, SEC, Congress, FDIC, etc, showed that the easiest thing to do when Bulls are losing is to change the rules.

      If you really think we are going into a bear market, long UST is a much safer play than short stocks. This is because you can’t predict the market but you *can* predict the FED’s and bond market’s reaction to a recession and bear stock market.

      Also consider this: 20% down in stocks is pretty bad, and the most of the US would notice, right? Well anybody prescient to get into bonds in late October 2018 is sitting on gains of ~35%!!!! Do you hear talking heads discuss that? Nope. they just discuss the actual rate change which doesn’t mean sh!t to 99% of the population.

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

        Thanks. That is a good perspective.

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

          I will caution readers, since many are new investors: there is no free lunch. Long duration bonds are a double-edged sword. A China trade deal (a deal, not a rumor) could easily cause an overnight 0.5% spike in interest rates. This would lead to a 15% overnight loss. Now, that loss would likely be recoverable durign the next recession (IMHO), but a truly good China deal (low odds…) would push out a recession another year or two.

          Also, as I’ve mentioned last week, the trade is getting crowded, so be cautious now .

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  10. The_Swede

    Masterpiece. FIG

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

Leave a Reply