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
20,422 Blog Posts

Not Fearful of Buying Into COLLAPSE

I am closing out my day 45% cash, the rest long a sundry of low brow momentum stocks. This portfolio I’ve concocted deserves to the whipped across the gibbet. But I am not afraid. Nothing can stop me and my gains are ordained by God himself. There is nothing in the way of MOAR and greatness is something all of us can claim title to and enjoy the fruits of no labor.

The market is showing some weakness in tech late day — BUT FEAR NOT — because everything else is fine. If you are selling short here, you are all but guaranteed to be made into a fool. Everything you learned in school and at your firm is meaningless now. Present market conditions only value the power of MOAR. Do you understand what I am saying to you?

The summer climes are here again and gentry of the south do not wear masks and cough on one another because only God can grant COVID-19 to people, not blue state FAGLORDS. Plus anyway, we all know CORONAHOAX and how all of the sick died from other ailments. They are all crisis actors, paid by GEORGE SOROS, who is merely creating GLOBAL DEPRESSION just to elect Joe Biden.

I wish I had more insightful things to say, other than “just rest easy and sloppily and buy shit stocks” but that’s exactly what I prescribe you do now.

Cheerio.

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23 comments

  1. purdy

    Dollar became a technical short this morning …even while rates ripped higher. Also, financials up. Market not believing the deflation story today.

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    • discoordinated
      discoordinated

      I am starting to think that we are all just going tone deaf. Maybe deaf altogether. Seems like the market will just go up indefinitely unless something really insanely loud gets our ears working again.

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  2. bambam

    I read Cheerios! Honey nut?

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    • trumpmeister

      That’s what Kevin Garnett said about your wife.

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  3. soupbone

    That’ll be quite enough. Eight Loire years now.

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  4. deltasmuggler

    -2% by 10am tomorrow.

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  5. tha pirate

    Long live the Cap’n! Arrr….

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  6. jacked rabbit

    Well shit, pizzagate Fly is trying to come back. Can’t wait for the new hell you guys are gonna unleash on this country for another 10,000 DOW points. Maybe you’ll tear up the Constitution and replace it with a quarterly conference call.

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    • trumpmeister

      Who said anything about wishing destruction and death on USA of Steak? Suck to be you for losing your ass for being a bear shitter.

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  7. trumpmeister

    This market still has a dick size 3-4% full green candle left on its arsenal. Premarket will be red tomorrow, but the dip will be bought.

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    • purdy

      Surviving bears feel cocky now. The broad indices are not the whole story and selective bears know it and likely had a good day today. Yeah, bears will press lower. But tomorrow’s dip buyers (as well as today’s buyers) will be punished.

      Old man Fly has pushed his bets too far ..and I’m guessing he senses it.

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    • tjnyt

      You are a genius Doc; you can retire now.

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  8. tjnyt

    Used to be a common scene here in NYC, a car propped on bricks before the wheels were taken off. Today they took the shinny high tech wheels off, while leaving the Benz on laggard bank& airlines(all up 8-10%.

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  9. rigged game

    Strange how all the “buy guys”, including Fly, are not giving
    the REASON why stocks should go up in this fucked-up country.

    Don’t give us the “stock market looks ahead” bullshit.
    Was the stock market “looking ahead” early this year before
    the epic 2000 and 3000-point down days?

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    • trumpmeister

      8-9 printed trillions leveraged up 10-20x. The same reason why stocks went up continuously in 2009-2010 despite the terrible economy.

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      • rigged game

        Stocks went up in 2009-10 because unemployment was dropping
        like a rock as Obama reversed Bush 43 policies.

        It was obvious that early spring 2009 was a major stock bottom.

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        • purdy

          “Obama reversed Bush 43 policies”

          More printing, more wars, more transfer of wealth to “the donor class.” Obama’s handlers merely used his blackness to double down on what they had lil Bush do …all while identity politics fools cheered him for being black.

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        • trumpmeister

          It was obvious huh? Lol ooookay….

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  10. itsgold

    Employment and revenue generation is not a factor anymore. Just print and inflate. All hail the Fed.

    S&P 500 at 3500 by November.

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  11. deltasmuggler

    Eh .6% off. I was almost right on the /NQ

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