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
23,441 Blog Posts

Here’s What We Need to Crash This Fucking Market

Morning gents, Jungle.

I woke up this morning wondering about market crashes and what it might take to see to it we get our fair share. This is America, after all. We do everything big.

Back in 2008, we had a pussy decline of 75% from the top. People were out in the streets, heads split open from the old diverooni off the rooftop — amid bank failures and margin calls that made people’s eyes bleed. Almost everyone I polled for this article believes we should double those losses the next crash, something akin to the tulip mania popping and all of those fucking morons stuck with flower bulbs that price of your house.

The Federal Reserve has been firmly in control of markets and nothing really stands in their way, until now! We have a wondrous President who shits on the Fed almost every day. Perhaps Powell might say one morning “enough is enough with this shit” and resign. That might help push this ball over the hill and down into the sewers.

For the immediate term, we need bond yields to continue lower. This confuses the fuck out of people and makes them nervous. See bond yields only drop when shit is hitting the fan. The fact that yields are flat today is a bad sign for fellow bear-shitters.

Oil. We need that to careen lower. No more impromptu drone attacks on Saudi oil fields. That shit cannot be tolerated anymore. We need oil to cascade lower, because it’ll make people believe China is fucked — which is true anyway.

China. We need them to stop jimmy-rigging their numbers, so we can see the carnage taking place in their economy. Once we see that, we can rout their currency and then spread rumors of ‘capital flight’ followed up with some choice Kyle Bass tweets.

Gold. Pomp eet. The higher it goes the more fucked Powell is and it really helps the doomers feel rich, which will crescendo into the public square with arrogant loud mouthed pricks offering doomsday predictions for the global economy, buttressed by an air of success emanating from the gold mines of Canada.

I have about a dozen more of these golden nuggets — but find it halfway retarded to blog about since futures are flat and no one seems to care about risk or the idea stocks could trade lower for more than 2 or 3 days in a row.

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6 comments

  1. mad marsupial

    A total collapse of whatever is causing the Repo Market turmoil would help.Followed by a radical dump of High Yield.

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  2. ferd

    look at jnk and hyg …faz time

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  3. numbersgame

    Anyone that beleives you can double a loss of -75% really should be paying others for investement advice.

    Also, the transcript (don’t know how truthful it is, coming from Trump) was very interesting. Some takeaways:
    1) The Ukraine President (Zelenskyy) was a complete kickass (although it could have been purely political to stroek Trump’s ego). He “used quite a few of (Trump’s) skills and knowledge” and stayed inTrump Hotel in NY, etc.
    2) Trump did ask the Zelenskyy to look into Biden’s son as well as the pressure Biden put to get rid of the previous prsecutor. BTW, Shokin – the prosecutor was widely regarded as **under-persuing** corruption (https://www.politifact.com/truth-o-meter/statements/2019/may/07/viral-image/fact-checking-joe-biden-hunter-biden-and-ukraine/). Was the former prosecutor persuing an ivestigation of Hunter Biden? Probabaly not. Woudl Hunter have a received the board position if his father wasn’t US VP? Probably not.
    3) It’s very strange that *neither* president mentioned the $400M in foreign aid. You would think that the Ukraine presdient woudl at least thank Trump/the US for it (making the assumption that it would be unblocked)

    Also, this, which hasn’t been mentioned by the news yet:
    4) Trump: “I would like you to do us a favor though…I would like you to find out what happened with this whole situation with Ukraine, they say CrowdSstrike … The server, they say Ukraine has it.”

    Note that Crowdstrike is the cybersecurity firm that connected the DNC hacking to Russia. Why would the US Government want the Ukraine to look at Crowstrike’s servers? So this is *second* example in the conversation of using his power to help his campaign (Actually, it is the first, because this was mentioend before Biden). I will be surprised if no one picks up on this.

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    • ferd

      Huh? Ukraine has DNC servers? I have no idea what Mr. Trump was saying in that particular Bidenesque word salad of his.

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    • flea

      Maybe it’s NOT to help his campaign. Maybe it IS to try to bring some justice to so many pricks whose very arrogance is supposed to be sufficient to get the cretins to look the other way on their total corruption (sure works on the media.) I rather think so. That SHOULD burn you up – it does most people I know.

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  4. numbersgame

    Not to help his campaign? Please. Are you really that naive or just fully dipped in the Trump Kool-aid? Netanyahoo is facing corruption cahrges, yet Trump fully supports him. Does that bother you and the people you know?

    It *irritates* me that people get free money just because they have relatives in power (goes with both Trump’s and Biden’s kids, as well as many others).

    It *angers* me when people in power use the Federal Goverenmetn and tax-payer funds to strong-arm foreign powers into helping their political aims.

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