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
23,431 Blog Posts

COLLAPSE COMING SOON? Asking For a Friend

This +500 was a bit too much for me. The perverse nature of this melt up has gone above and beyond hedonistic tendencies. We are now trading at valuations that are of course nonsensical, led higher by pretentious people with LOW IQ assumptions.

Nevertheless, why should I care?

Next time you approach a toll booth on the highway, park the car and break the fucking wooden stick off. No need to pay tolls, taxes, or anything. As far as I can see it, the central govt no longer holds power. It has been transferred to blue haired trolls on the internet and THINK TANKS funded by people with axes to grind. The police are now of course EVIL so they should be disbanded and replaced with good minded volunteers.

Your taxes will drop to zero, then change will come, and then your taxes will rise to 90%. The market is running hot because the kitchen sink is now invested in it. We are all enjoying the final salvo in what was a glorious run. But now it’s over and you should probably update your passports and get ready to depart, before a second wave of COVID-19 keeps you all inside indefinitely.

This was my day

AMC +1%
IVR +2.4%
LK -wash
MTG +3.8%
SOLO +10.3%
X +13.2%
ZUO +1.8%
ROKU +2.1%

SHARES OF UONE HAVE GONE FROM $1.5 to $30, +2,000%, IN RECENT WEEKS — ONLY BECAUSE IT IS A BLACK OWNED BUSINESS!

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8 comments

  1. edge

    I have no idea when but it looks like the markets will keep getting juiced until they blow up.
    There is no way to avoid it. Speculation of moar gains is rampant. Take that away and it crashes.

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    • sofiacaesar

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  2. soupbone

    There is literature on this topic and far from the first time humans have done this stuff. I don’t know what supercharges this but when the time to leave is apparent it will be ugly and many will be too slow. Negative real rates is quite the tonic for stocks in the meantime and Trump wants a second term which is working behind the scenes no doubt.

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  3. The Next New Cat Thing
    The Next New Cat Thing

    #BSM
    BLACK STOCKS MATTER

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  4. soupbone

    btw racsim is a two way street. both sides have to stop. This is not blame to one circle without the other circle looking in the mirror as well.

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  5. shamalamadingdong
    shamalamadingdong

    A dick in your hand is worth two in the bush.

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  6. xTrada

    Still killing it I see, great trading Fly.

    The world is on fire because people of reason are so far and few.

    John McWhorter says it perfectly here, Anti-Racism is Religion: https://youtu.be/oGynKOSD58M

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