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
21,503 Blog Posts

CRASH CLOSE

Markets reversed a +500 and turned that smile upside down, in a panicked for the exit close. Everything that could go wrong did. The Fed said they’re very interested in tapering and Fauci opened his big fat mouth about Omicron- discussing the first such case in the US. All of this, and much more, has led us to where I told you we would be by Xmas — which is on the verge, if not inside of, a lockdown. The peoples of the vaccinated part of society welcomed with warm embraces state led dictatorship all in the name of health. We are ever so scared to die — because in the end — everyone is an atheist. Deep down at least, no one really believes in heaven, otherwise they’d welcome death as a comfort and not an anathema.

On the issue of uncertainty, we have markets barreling lower and your urge is to retreat, when in fact you should be charging forward.

Fixed bayonets, leaning into this decline, is how I will play it.

I had escaped today’s horrors up until late afternoon when I fancied myself too smart and bought ADGI and it quickly sank 7% on me. I had also positioned into old man stocks — thinking they’d rally into the close as investors sought out safe havens. I was wrong. I had a 15% position in DRIP and ended selling it 3 mins to the bell for profit and then I switched around, the lunatic that I am, and dove into TNA (TITS N ASS) into what is sure to be a tumultuous overnight session. It is a 10% position and all I have, aside from my BITO call position.

I ended down 0.48%.

Into panic, I will add to the TNA position and I find myself most comforted by the idea of a leveraged upside ETF in the midst of unrivaled panic. The mood has been dour all year and the President and his polices dreadful. We are here now because of the actions of people and the confidence that has been built upon the sandy foundations of the Federal Reserve is starting to give way. Nonetheless, it is my experience, at least in recent times, nothing ever happens and the disasters we almost all look forward to is avoided.

I am brave because I am enriched with a history of success and this success has been yours for free since 2007. Congrats to you.

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

37 comments

  1. it is showtime

    oops

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

    Lockdown? No way. Nobody gives a shit if the no-jabs croak. Really .. nobody.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
    • irma vep

      I smiled at that. I’m becoming apathetic. I like jaded but it’s not quite jaded.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • s.k.

      Pre-ACA all of the health insurers would have just declined coverage on unvaccinated COVID expenses. But all of the mUH FreEDoMs are too stupid to think past their confirmation bias.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Mr. Cain Thaler

        Ah yes who can forget the ancient stone age era of 2008, when 85% of the population freely purchased insurance that refused to pay any claims for some reason, and our dead were regularly stacked on carts by the wayside.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • s.k.

          Let me introduce you to the term pre-existing condition. You must have been born yesterday. Based on your market calls I’m not surprised you’re clueless about this topic as well.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • Mr. Cain Thaler

            No health carrier has ever interpreted a virus as pre-ex, nor the condition of being unvaccinated. A preexisting condition is a condition you have prior to starting a new health plan and in what should be the least surprising thing ever, there was an entire regulatory framework in place already preventing insurers from just declaring your new illness pre existing and kicking you off the plan.

            You have no idea what you’re talking about.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
          • Mr. Cain Thaler

            This was always a heavily regulated subject it was just handled state by state. It never worked the way you lot pretended.

            https://www.michigan.gov/difs/0,5269,7-303-12900_13376_13380_14511-30139–,00.html

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  3. roguewave

    One study showed of those who were vaccinated and got covid “breakthrough” cases, ie vaccine failed – 27% had no symptoms but they were shedding viruses, ie they are superspreaders.

    How many breakthrough cases have you heard of for the covid vaccine? Thousands
    How many breakthrough cases have you heard of for the polio vaccine? zero

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

      I was a Covid breakthrough case. I had the two Moderna shots (and now the booster) and then 5 months after the second one I caught it. I am pretty sure I got it on a small plane going from Eugene, Ore. to San Fran.airport where I transferred to a regular biggie direct to Orlando. I don’t think the air filtration is as good on the small planes.
      I recall looking at the guy next to me and saying to myself, “this guy looks like a carrier.”
      I also got the polio vaccine (in sugar cubes) in the late 1950’s (I believe). Me and my Davey Crockett hat.
      This Covid shot is really like the flu shot in the sense it is not a lifetime form of protection. They should stop calling it a vaccine.

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

        I had a Quisp beanie.

        • 1
        • 0
        • 0 Deem this to be "Fake News"
      • s.k.

        The very definition of a vaccine is a preparation that stimulates the body’s immune response to a specific pathogen. The Dunning-Kruger peanut gallery consistently misunderstand this and think that it should mean you have some special force field surrounding your body which prevents COVID particles from somehow entering your respiratory system. But hey, social media says it is so and people much prefer believing the fantastical over the truth.

        • 2
        • 1
        • 0 Deem this to be "Fake News"
        • irma vep

          Thank you. Whew!

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

          I got the jabbers thinking that if I get Covid (me being an older person) that I would have mild Covid symptoms. I definitely did not think it would be a special life force or shield. And that is exacty what I got. A low grade fever for a couple days, a cough lasting for several weeks, and feeling tired for a week or so.
          That being said I have taken Vitamin C, D and Zinc the last couple of years. I haven’t had the regular flu for over 30 years and maybe a half dozen mild colds over this time.

          • 1
          • 0
          • 0 Deem this to be "Fake News"
          • s.k.

            I eat a healthy diet and haven’t had strep throat. Just wanted to contribute to the straw man.

            You got vaccinated and it protected you from serious illness….that’s why it’s called a vaccine.

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

          You are not alone in repeating the latest Breaking! recollection ‘science’ from TeeVee.

          While you were distracted with your KoolAid, you failed to notice how the CDC has carefully “evolved” the definition of vaccination to meet the declining ability of some of today’s “vaccines,” including the Covid-19 vaccines.

          1) Prior to 2015, stated that vaccines “prevent…disease.”
          2) Starting in 2015, vaccines “produce immunity,” without necessarily preventing disease.
          3) After the Covid-19 vaccines were introduced, and it was discovered they do not necessarily “prevent disease” or “provide immunity,” CDC altered the definition of vaccines again to say that they merely “produce protection.”

          They say it protects you from serious illness.
          When that is proven false they’ll simply move the goal posts again.

          This may go on for another, 5, 10, 20 years. Have fun staying in your house.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • s.k.

            No vaccine has ever had 100% efficacy. Not one vaccine created has ever had zero breakthrough cases. If your definition of a vaccine is perfection you never understood what the definition of a vaccine was to begin with. Have fun living in ignorance.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
      • irma vep

        What do you suggest we call it? I’m feisty tonight. Probably because I spoke to the dumbest, rudest person at a doctor’s office today and she was their biologics coordinator. Unreal.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
      • it is showtime

        vax was an agenda regardless of legit vax category or not
        half, linguistic psyop

        I don’t understand, why the prescripted forced narrative,
        was so hard for people
        to ascertain

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

          Again, your point?

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • it is showtime

            agenda 1st, vaccine 2nd, ranking.
            that needed clarity?

            complete context, not a vax, with provable ulterior motive.
            vaccines are assumed with benign altruistic motive.
            provable ulterior motive, incidentally a vax, At best

            though conspiracy 101 context laughably obviously a slow killoff around compliant statism

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

            Okay. Got it.

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

      What makes them superspreaders? They are alive because they were smart enough to get vaccinated and boosted? What’s your point? We should all be wearing masks so we don’t spread but alas no one wants to be that much of a humanitarian. That’s the point of wearing the mask but ppl are stupid and think you wear it so you don’t get the virus. What does polio have to do with COVID or Rubella or the yearly viral variants?

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

        Lol, at first superspreaders were thought of as carrying covid19 and showing little to no symptoms with no “vaccine” and passing it on unknowingly to someone else. Turns out the “vaccinated” show little to no symptoms when they get covid19 and have spiked proteins shedding through every pore of their body, almost like a bioweapon. You are also living under a rock if you actually believe most masks really do anything special against any respiratory virus. Just do yourself and everyone else a favor and mandate your body to be encompassed in a perfectly sealed/filtered air bubble at all times. Problem solved

        • 3
        • 0
        • 0 Deem this to be "Fake News"
        • roguewave

          I recommend they start selling wrist bands for $5 that say I’m against Covid. If you act now, you’ll also get a Free lawn sign saying ‘I’m Against Covid’. Then everyone in your neighborhood will know; you’re doing your part!
          Your a HERO!!!!

          • 1
          • 0
          • 0 Deem this to be "Fake News"
          • irma vep

            Great marketing scam for the masses. you should try it. Could make a few shekels.

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

          Bloweapon! ….”shedding through every pore of their body….” Moosh, you made me smile.

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

            Glad I could brighten your day. D-dimer tests should be included as mandatory, if you’ve received the jab(ssssssss).

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  4. irma vep

    Dear Fly, I am not an atheist. I had a white light experience in my early twenties. I was working and in college and sought a place of quietude. Oddly, I went to church. I was raised Catholic. It’s what I know best; early indoctrination and all that. It was the day of the Rosary Ladies Society. So there they were quietly chanting the Rosary and it happened. I don’t think about heaven, it’s none of my business. This life I have is my business.

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

      Dear irma, blow me

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • irma vep

        Sadly for you, you’ll never know the pleasure.

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

          That was just an expression of discontent and aggravation to your moronic posts (with a metaphorical connotation of fellatio). Sadly for you, I like blow jobs from women with teeth.

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

            I have no doubt that you’ve perfected the skill of blowing yourself.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  5. richardweiner

    The Fly has a soft pee pee. He scissors his wife.

    George Soros and I have thick hard pee pees. My pee pee is an armor piercing pee pee. Harder than diamond.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  6. tha pirate

    Wasn’t Fraudci exposed as someone who was involved in cruel animal experiments including beagle dogs who were tortured?

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

      No. Now go back to listening to Alex Jones. Glad to read you are concerned about beagles but not humans. Hope you aren’t a anti-vaxxer preacher. God is righteously smiting the shit out of them.

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