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
20,691 Blog Posts

You Just Bore Witness to the Largest Short Squeeze of All Time

None of it made sense, which is why it happened so viciously. The global economy stopped dead in its tracks, due to a deadly contagion, and stocks rallied because of it. Barely anyone can tell you with a straight face things are going back to the way they used to be — but it doesn’t seem to matter — at least not yet.

Word of advice, look for distribution days. The good olde boys club won again and will now reopen the economy and take refuge at their summer homes, while the plebs seek adventure on cruise ships and “amusement parks”, public pools, get sick and drop dead. A second wave is already happening in areas of the country filled with flu-bros and hydroxyFAGS, including my state of NC.

While I do believe we will trade higher on Tuesday, I also believe, rather fervently, we will RETEST THE LOWS and much much more. Time has been short and the violence of the counter-intuitive nature of the rally will dissipate. In its place, by fall, will be apathy — global depression, and indifference. Once the violence ends, so will the rally.

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20 comments

  1. overseas investor
    overseas investor

    Monday… ?

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    • doubleplus

      Memorial Day, boss. Dudes died and stuff or whatever in the service of their country so the market’s closed.

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      • moneybagz

        Your mother died after I throat fucked her, it was a doubleplus nut.

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  2. bahuvrihi

    And in other news, millions of Robinhooders flee cryptos after realizing the government can shut down the internet as easily as shutting down the local beach.

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  3. trumpmeister

    Too much bear trash here. V-shaped recovery is coming. Get ready for moar short squeezes in the next 2-3 months.

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    • tjnyt

      The money I have made with this rally, have no qualms taking a short bet.

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      • rigged game

        And exactly when, why and what did you buy long, you lyin’ POS?

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        • moosh

          Lol, This poster was one of the only here that actually posted positions you angry, always incorrectly, wrong judgemental bitch

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  4. charliehorse

    70% of participants in BofA fund manager survey believe this is a bear market rally. Isn’t the crowd usually wrong?

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    • purdy

      Correct. The crowd, almost by definition, has to be wrong. So is it a renewed bull? ..or is it something worse than the bear that the crowd believes it to be?

      – Will a system where we print and foreigners provide us things of value continue a while longer, or will there soon be an adjustment?
      – Will the thieves who run both parties and who just transferred additional $trillions to their own pockets provide enough candy to the eaters to keep them in line?
      – Will pushing rates ever lower continue to force money into stocks even as companies’ performance suffers?

      Also, there are several happy talk areas that may yet be rolled out and which may keep the rally going awhile: e.g., the Chicom flu has forced us to accelerate the virtualization of our economy …it has shown that we can automate more jobs more quickly …our response has shown how work-from home will make us more efficient. And maybe there’ll be a burst of optimism that $1200 could become a monthly Yang-ish stipend so that the third or so of American adults that the new system has no use for, could continue to buy stuff from good ole American businesses.

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  5. tjnyt

    Markets follow the basic logic but with latency, only plebs are impatient. Who has the courage to ride the grizzly, make up your minds?
    Happy birthday Doc.

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  6. wolfdaddy

    Hey narcist you racist hillbilly fuck, with Biden’s continual exposer to the stupidity of your party, that demographic shift you are preying for won’t really matter! Good luck!

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    • first earl of chatham
      first earl of chatham

      he has already destroyed this loser alt of yours so why bother to keep using it to post dumb comments?

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  7. the_wolf

    Professor Fly is bang on,
    2nd wave is already here
    Rich will hide away,
    Plebs, Poor and the rest will be subject to the contagion,
    And the health care system will remain overloaded, over stressed and under funded,
    China in lockdown again all ready,
    everywhere the numbers are going up, I just read about a hairstylist who had Covid and potentially infected/ exposed 91 clients last week
    Canada’s numbers up too,
    Truth of it is,…… many more will die,
    and markets will eventually be forced to accept the inevitable truth, we are fucked,…

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    • cancel19

      Damn! So I guess hope is out of the question.

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        Hope is something affordable at 10-15x CAPE ratio probably around the Q3 / Q4 massive losses / asset writedowns that are coming. Not 27x CAPE when the worst news that’s hit the airwaves is a 30% reduction in profits and talentless Morgan Stanley equity researchers feel comfortable enough declaring a generational bottom just 30 days into a 30% stock market meltdown without any visible shame or caution.

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    • narwhal

      Bring it on, right now the hospitals are starving to death.

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