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
20,414 Blog Posts

IT WAS ALL A DREAM

Just a month or so ago — the world was ending and markets CAREENING lower and oil was worth nothing. The powers that be told us to stay home and wear a mask to alleviate the burdens at your local hospital. In the meantime, the Federal Reserve began churning out new money at a record pace, to replace the money that was destroyed by actual loss of business.

The Fed’s balance sheet now exceeds $7 trillion.

Of course this is bad news for the future of America. But given the current climes, I doubt America will be a country by the time this should matter. The kitchen sink is in the market now — everything, all chips, on the table. We’re up another 100 NASDAQS today, above 10,000. As incredible as that seems, we’re likely to trade higher. As a point in fact, I’d venture we might gap up another 100 tomorrow.

My closed trades for today, so far.

(LACQW -40%)
(SAMAW -19%)
(TLRY -5.5%)
(CLDR -6.8%)
CGC +0.5%
KC +12.7%
DT +1.7%
BILL +2.4%
VRM +4.2%
(BOXL -12.5%)
NUGT +7.7%
NBY +3.1%
GNMK +11.5%
VNET +17%

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15 comments

  1. rickyretardo

    Short squeeze potential on SPCE

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  2. peaches

    America is not a country it’s a business. All businesses have a marketing team. Coca Cola sells corn syrup and food coloring with bubbles and tells you it’s a good time. America sells wall street and tobacco grown by slaves (sorry snowflakes I meant “workers”) and tells you it has to do with pilgrims and everybody ignores the cancer.

    It’s good stuff tho just smoke it.

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    • ericbakerbruce

      and you smoke pole

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      • peaches

        One more gay joke and I’ll tell the rabbi to send another 10,000 Muslims to your state.

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        • ericbakerbruce

          oh shit don’t do that. we don’t need any more inbred pedophiles in this state. you win. no more gay jokes.

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  3. soupbone

    One way or another, and for whatever reason USA seems to be adrift. Extremely complicated again but becoming more obvious month by month. This goes way back.

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  4. alty

    Month or so? Markets bottomed 3 months ago.

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  5. ha

    misc HS

    We don’t have to worry about those brrrrr debts – because it’s brrrrr we owe to ourselves,
    whatever that means.

    If Biden were to be elected, it may end up being a Weekend at Bernie’s type presidency.

    The wall in Germany was built to keep the West Germans out of East Germany just like our wall will keep the Mexicans out. It could not be to keep the taxcows in.

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  6. ha

    It seems that monied people are bailing out of NY, as they should,

    Well done Govna Cuomo!

    I’m fairly close with the executives in my development, and they told me there’s been a flood of people from the mainland (mostly from New York) who are trying to get out of Manhattan as quickly as possible.

    https://www.sovereignman.com/trends/five-places-that-should-boom-from-the-coming-covid-migration-28010/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=20200622_boom

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    • moosh

      I thought this was common knowledge for some time now, and only escalated just recently when all of this bullshit started to happen 10 months before the coming election… by coincidence of course. Bonus points if you realized all of the people getting the fuck out of dodge are going to still vote the same way that caused them to leave dodge, but now somewhere new and nice because they are ultimately unable to think for themselves

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  7. Po Pimp

    Well, you voted for him.

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