iBankCoin

IT’S OVER — MARKETS CANNOT BOTTOM ON FRIDAY

I am long FAZ and SOXS — the rest cash. No interest in playing the dips or positioning myself alongside fucking morons. Anything can happen, of course. But the way we closed — down more than 1800 points, WTI down 10%, I’d bet both my balls we gap the fuck lower tomorrow.

The cause for the decline is complex. Lots of froth in this tape, weak people long SPACs and other dumb names. We have insurrection and a toxic and poisonous culture that is causing discord. I do not believe in anything anymore, which is a byproduct of my upbringing in America, post modernism.

Having said that, the game continues, as long as King Dollar maintains its status.

$26 trillion in debt, unlimited Fed interaction with markets, looting and rage throughout every city, widely supported by a lame populous — weak women and even weaker men. The halcyon days of America is in the rear view mirror. It only gets worse from here.

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23 comments

  1. heckler

    You forgot to mention jack booted government thugs attempting marshall law and a PANDEMIC raging…

    But at least we don’t have a muslim in the White House

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      When rioters are burning homes and businesses, the government is supposed to implement martial law. That’s a feature not a bug.

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    • mensch

      MARTIAL law, Jesus stop fucking this up ppl

      • 4
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    • peaches

      that video of that old man getting knocked over and blood spilling out of his head at a protest about police brutality. that shit was gold. he was part of the antifa old corps, “catholic worker” batallion.

      https://www.reddit.com/r/memes/comments/c1pwtl/thin_blue_line/

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      • ericbakerbruce

        looks like the old commie was reaching for something on the cop’s utility belt. he deserved what he got.

        • 1
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    • ameliareibey

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  2. spaceman

    Let’s see if we can feel sorry for this guy? https://twitter.com/stoolpresidente/status/1271170449733533697

    • 0
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    • yohopin183

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  3. peaches

    the only thing anyone should believe in is God. Everything else is bullshit. Including this big red white and blue flag in my living room.

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  4. spinthathamster
    spinthathamster

    It’s usually more insidious when markets actually don’t gap lower, but instead just continue from where they finished tge day before and go dowb no more than 3% a day.

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  5. Po Pimp

    You keep saying that… “Markets cannot bottom on Friday”, yet it happens all the time. Unless they bottom on Thursday.

    • 1
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  6. fxtradepro

    Yes, so long as King Dollar remains, the show goes on. We just better make sure we sill have the strongest military in the world in 10-20yrs from now. Believe me or not, but that’s the stark truth behind this charade.

    • 1
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    • Po Pimp

      Yep, couple of runts got all uppity and thought they would start selling their oil in Euros instead of dollars and they got dead.

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  7. Po Pimp

    /ES up 1%, tomorrow will be an up 3-4% day and dotard will come out with some bullshit to juice it up another 1,000 dow points into the close. Maybe he’ll autograph the stock chart again.

    • 0
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  8. Po Pimp

    HTZ via Jefferies petitions the bankruptcy court to raise $500MM in stock.

    BWAHAHAHAHAHAHAHAHHAHAHHHAAAA

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  9. trumpmeister

    We all know that Fly is a shitty day trader. His FAZ position is toasted tomorrow.

    • 0
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    • rickyretardo

      RSI reset yesterday, engines ready for throttle up. No one gives a fuck about Houston shutting down again. Raz won’t last when they ultimately drop a bomb on him figuratively or realistically (80’s MOVE). Nothing less than a Lehman moment will stop the momentum here.

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  10. numbersgame

    Found a great stock for all you Robinhooders who worhsip on the alter of buy-and-hold-always-works:

    https://www.zerohedge.com/markets/most-absurd-moment-history-capital-markets-hertz-plans-sell-1-billion-new-bankrupt-stock

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