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
21,270 Blog Posts

Mean Reversion Bounce — Do We Trust It?

Hard choice here. On paper, this looks good. Breadth is over 80%, stocks are flying — powering up in a variety of sectors. Stocklabs was oversold the past two days, a signal rarely seen and when they come they are always money. But it never feels good and this time is always different.

In other news, super vaccinated Nancy Pelosi has COVID-19. But don’t worry. The vaccine was never intended to actually stop COVID, but instead stop people from dying. In other news news, 40-60% of hospitalized COVID patients in England, depending on which source of propaganda you choose, have been doubled vaxxed.

My point is, where are enjoying a warm respite, like a long leak in the woods after a hard night of drinking. But will it last? I cannot say. Best thing to do, in almost all facets of life, is to enjoy the moment.

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11 comments

  1. emersonlakepalmer
    emersonlakepalmer

    Sometimes those leaks in the woods seem to last forever

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    • richardweiner

      My grand pap’s pee pee was shot by a gook in Korea so carries a bag of pee around with him.

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  2. 2 wheels

    Sure doesn’t feel good today – indices are up big but normal stocks are only up a little, or down. Not a big follow through day that many were hoping for

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    • it is showtime

      Can you not detect, after the last 5 instant pivot saves, that there is programming specifically on index components or leaders?

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    • og

      What? Many stocks filled their entire gap down from Friday and Monday.

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  3. rigged game

    That “40 to 60% of those double-vaccinated have been hospitalized”
    is a Trump-like LIE put forth by Designated Liars in the Boris Johnson
    maladministration. It’s more like 3% – and of those, it probably was bad
    vaccine or not enough time between and after shots.

    Britain has its own Orange-Haired DESTROYER. Wish them luck.

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    • purdy

      Thanks. Reading your posts saves me from having to tune into MSNBC …and from having to look at Rachel Maddow’s face …in order to keep tabs on state propaganda.

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    • roguewave

      What is the correct % in Israel?

      Also bad vaccine or shot timing?

      81 percent of Israel’s adult population fully vaccinated against COVID-19
      the number of reported was under 20 cases / day

      In the third week in June there were 227 new coronavirus cases, 70% caused by the Delta variant.
      Estimated 40-50% of the new infections are in fully vaccinated people

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  4. purdy

    Stocks like POWW set up nicely here technically …and remember, the self defense stocks’ salesman in chief is still out their ginning-up buyers of their products.

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  5. barbee

    Short answer: No.
    Gut instinct. No.
    (Uncertainty quotient way too high for my taste.)

    Best of luck to us all as this 4th (5th?) wave on COVID sweeps over us.
    P.S. Why you asking us Boss? You’re our Expert Master Ace Trader 🙂

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  6. ezthere

    No it doesn’t feel right. This could be a lot of short coverage.

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