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
23,433 Blog Posts

Panic is Right Around the Bend

I’m checking out of this fucking cabin in the woods now and glad to do it. I’ll be en route to Asheville later on today. But first I get to slalom down the mountain here amidst the rain and the mud. I’m not a country man and certainly not a mountain type. I don’t eat granola in my spare time and I’d never buy a Suburu Outback. I come here to observe, not too different from people visiting the zoo.

I see INTC is getting HAMMERED off bad earnings and the Nasdaq was down over 200 this morning, before the bounce. Rest assured, Robinhood traders are now powerless and their means will soon be extracted from the market. A great panic is upon you now and US-CHINA relations have soured to the point that military confrontation is a possibility.

The only thing I did this morning is buy gold miners. I am 65% cash, all invested in dividend payers and treasuries, with zero allocation to growth or trading stocks. We are 1 or 2 down days away from headline news discussing the economy again and how the market might be re-entering a BEAR MARKET.

Get your BEAR MARKET merchandise now. Special coupon code COLLAPSE for 15% off.

Ciao.

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21 comments

  1. letly1965

    I don’t know what to say really what you share is so good and helpful to the community, I feel that it makes our community much more developed, thanks. Heres what I do…Heres what I do …. Heres what I do?????Read More.

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  2. letly1965

    I don’t know what to say really what you share is so good and helpful to the community, I feel that it makes our community much more developed, thanks. Heres what I do…Heres what I do …. Heres what I do?????Read More.

    • 0
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  3. bambam

    Kinda not what Dave Portnoy has been saying over at DDGT. If it’s got a symbol, buy it. I mean the guy went from delivering papers, to solo creating his own $450M business, world class trader and now interviewing the president! So I’m more inclined to follow his advice. Sorry but this doom gloom, crash around the corner has been said for what? Since Obama took office? Ain’t happening. Especially not that the FED has committed to making it not happen. Go long go home. Buy if it’s got a symbol. Suits are stupid. Pick up some INTC and do yourself a favor.

    • 1
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    • 0 Deem this to be "Fake News"
    • ericbakerbruce

      Truer words have never been spoken. Nothing but negative Nancy’s out there. Buying gold and the miners ….now? Day late and dollar short.

      • 2
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      • 0 Deem this to be "Fake News"
    • rickyretardo

      A nice discount on Intel, bought a 15% tranche under $50 this morning. Looking for Mid 40’s.

      • 0
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      • 0 Deem this to be "Fake News"
  4. ha

    “The press is our chief ideological weapon.”
    Nikita Khrushchev

    Some things never change; or do they?
    https://www.armstrongeconomics.com/world-news/press/the-press-is-always-the-chief-ideological-weapon-to-brainwash-the-people/

    This may begin to change. How quickly is anyone’s guess; but probably much quicker than anyone expects. But then most are not paying attention, are you?
    You’ve never even heard of this platform, have you. This will not be reported on CNN.

    Don’t underestimate a very smart man with a score to settle. Like a revenge action thriller.
    https://k.im/

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  5. heckler

    3 phone calls made. 15 crabs scrapped. ZERO trash cans at House Heckler it’s an issue

    • 1
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  6. teslawasright

    24.99 25 18.99 18.95

    Wild pricing in the Merch area!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. edge

    The markets aren’t spooked (best I can tell) and the government is serious about spending as much as it takes.
    The Republicans will dick around as long as they can with the next stimulus since they love putting on a show. I expect that market reaction won’t be too severe so they’ll dick around until Wednesday or Thursday.
    Then it’s 2t or so fresh cash and the market will be happy. New highs on the SP soon.

    • 1
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    • richardweiner

      Interesting that you are talking about spooks. Did you know 90% of niggers are polluted with AIDS?

      • 1
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  10. Po Pimp

    It wasn’t bad earnings that sunk INTC but they announced that their geeks aren’t able to get 7nm fab process to work properly. AMD is kicking their ass.

    • 0
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  11. traderconfessions
    traderconfessions

    Person Woman Man Camera TV .. how many points I get?

    • 1
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  12. negom51470

    I don’t know what to say really what you share is so good and helpful to the community, I feel that it makes our community much more developed, thanks. Heres what I do…Heres what I do …. Heres what I do… Read More. 

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  13. bambam

    Lemme give you pricks a quick lesson in marketing.. Remember good ole Davey Dork and his Black Brandon employee… tweeting him about racism at Barpiegon? And then Porktoy goes off about if you’d been here longer than a cup of coffee… etc and says he’s gonna keep doing what he’s been doing.

    Anyway… guess who never left and it was all just hype to make Tweets and views? yeah…. Davey and Brandonn. Never was a fude. Nor a problem. Just two blokes making shit up for viewers. All good now.. right.

    Honestly, nothing is real anymore. Any downside to this market is fabricated to create new dip for the rich to get richer. I’m starting to think COVID is vastly over-reported.

    Hype.. political.

    The Portland thing? Message is lost and now it’s just nightly b.s. that will make Trump look like a hero to his base when he quashes that closer to November.

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  14. tjnyt

    A little rotation, some churn this quarter; from growth to value, banks, retail, airlines, hospitality may be.

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