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
20,559 Blog Posts

WE’VE BOTTOMED!

Congratulations to all of those who had the eternal fortitude to hold tight during that two day bear raid. As you can see, the Dow is +400, NASDAQ +200, and it’s all over now. The misery and the pain of being in anguish has dissipated and replaced with an acute sense of greed.

I had been long inverse ETF products — and luckily got out with my account at breakeven for the day — thanks to various longs.

The results so far.

SDC +6.4%
(SQQQ -2.7%) x2
FNGD -3.8%

I am now in the process of fishing in the sewer for runners. I’ve seen this sort of tape before and it’s trickery is permitting you to believe it cannot last. WRONG. It shall last the entire day. Anyone who bets against it gets shot.

Breadth is steadily unticking from 55% to 67% and you should expect a slow melt up throughout the day, pressing the faces of shorts onto a very hot griddle.

If you enjoy the content at iBankCoin, please follow us on Twitter

5 comments

  1. ha

    A 2020 study found people were 36% more likely to get some form of coronavirus infection if they had been vaccinated against influenza (got the annual flu shot)

    https://articles.mercola.com/sites/articles/archive/2020/09/08/will-the-flu-shot-help-with-coronavirus.aspx?cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20200908Z1&mid=DM647787&rid=959746880

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. tradercaddy

    No way we have bottomed.
    Bounce in FANG stocks but tick is going down in everything else after the open.
    Besides we will have bottomed only after “the end of the world” remarks start showing up in this here comment section.
    Go play tennis.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. maxx2000

    Turn around Weds BELIEVE!

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

Leave a Reply