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
22,417 Blog Posts

MARKETS HIT RECORD HIGHS; STOCKS FUCKING DESTROYED THIS WEEK

Thanks to the monopolies in tech that overweight our indices, we have hit record highs — all thanks and praise to Apple computer. In the real world, the market is far more foreboding and losses have been stacked high amidst a body count of former traders mirroring what we saw in March of 2020.

Am I exaggerating?

I think not.

In many ways the market divergences is much like the haves and have nots of America, whereby a certain anointed area of the economy does well and all else fall by the wayside. But this doesn’t evoke an emotional response from me — because as a trader and an organism on earth, it is our duty to adapt and co-opt and control the narrative, otherwise natural selection has rendered you to be a worthless cog in the wheel of mankind.

The separate markets running both simultaneously and parallel to one another, where one endures pain and the other comfort, is typical and poetic. Do not bet on those enjoying comfort to be in pain any time soon — because they have control and all of the money and there is nothing you poor son of a bitches can do about it.

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3 comments

  1. emersonlakepalmer

    Jussie Smollett likes pee pee in his poo poo

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  2. alty

    Must really piss off the know it all stock pickers that the know nothing indexers have won on every time frame from a day to a decade to a lifetime

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    • Mr. Cain Thaler

      Not really. As an example I spent most of 2016-2020 in nothing but index funds because covariance between asset classes was high and you auto pilot jackasses were pulling us along (so why fight it?). And now stock pickers are heading for safety because the same index gang are about to hang yourselves off a tall building.

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