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

There’s No Basis For Much More Than This

The IWM is +3% and my Quant is +6.2%. While this is all very nice and I am sure it’s fun to pretend this can continue, it cannot. We are up 3.2% on the IWM for December and 1% for QQQ. We are likely to see a divergence again, with mega caps catching up and small caps reverting back down to the fucking dogs they are.

But on the whole, look at today, and really enjoy it — for it is it — the end of the rally — FIN.

While I am predicting the end of the rally, who really gives a fuck what I think? Heck I don’t even give a fuck what I think — knowing predictions are the sandbox of the narcissistic mentally impaired. But what I am firmly suggesting is a much more moderate tone after today, more akin to what we saw over the past 8 months in the market. Sluggish mega caps outperforming amidst sharp downward reversals for high risk plays on decreasing volume.

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

One comment

  1. Orson

    Government intervention unable to “keep it up” anymore? Tisk tisk.

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