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
21,906 Blog Posts

AFTER 1 YEAR IN OFFICE, BIDEN’S STOCK MARKET IN FULL CATASTROPHE MODE

This is the worst economic environment since 1819. The piece of shit President is more concerned with COVID shots for 5 year olds and voting rights than what the fuck is happening in this cock-sucking market. We have ARKK down 49% over the past year. This is exactly what the average retail investor has withstood.

We are in fact rudderless, drifting off into the sea of sharks — consumed by the inclement weather — forlorn and lost. This is the worst month since March 2020 and just like I blamed Bush for being a feckless hazard piece of shit in 2008, I am blaming Biden today. The man is for all intents and purposes dead. He is in fact a useless caricature of what a man is supposed to be, let alone being a leader for the free world. The word free is humorous, since we are less and less free each and every day. The cunts just passed the infrastructure bill that will place KILL SWITCHES in all of your cars by 2026.

Biden and his ilk do not care about the market or the economy or anything else. All they care about is profits for Pfizer. I cannot tell you why and I hate to tell you this too — but voting is overrated and I couldn’t give a fuck about votes. Let’s talk about the IWM and how is spirals each day and how stocks like SHOP are off by 30% the past month, pricing in a Russian invasion of Vancouver.

We have been cracked like an old plate and no one is around to pick up the pieces.

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30 comments

  1. txchick57

    you don’t have to buy gold. try silver A lot cheaper

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  2. tha pirate

    All of you who hated the mean orange guy, are you still clinging to your stupidity? Sometimes things are as simple as they appear and you don’t need to be too clever.

    Let’s go Brandon!

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  3. zombie

    FIG!!!!

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  4. Orson

    Come on man, the government and federal reserve do not have equity stakes in any of these companies.

    Free markets are healthy markets. Just companies get rewarded, and companies without a balance sheet go bankrupt.

    Look at all these “zombie” companies allowed to operate by you guessed it, excessive debt. Not a good business model.

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  5. rigged game

    Look, asshole:The markets are UP (they actually are OVERVALUED)
    thousands of people are dying every day from Covid, and antivax
    MORONS like you are bitching because Biden’s crew is CORRECT.

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    • it is showtime

      Covid was a blanket for coronavirus family colds flagging positive, along with sparse lab released strain.
      Antivax were the ones saying bioweapon and buying 360 biometric shields at the beginning.
      Antivax were boosting C and D3 levels with impact, and using Zinc Hcq Ivermectin purged from msm.

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      • the_wolf

        You are so clueless and misinformed
        Covid is real shit, I have first hand experience, working on healthcare, and without the vaccine, deaths would have been exponential

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    • purdy

      Right on!

      And as for cars, the remote kill switch is a great idea …so that we can control those who do not show deference to authority. Heck ..you shouldn’t even be able to start your vehicle without first inserting your vax card. Fly is sounding increasingly libertarian …sounding more and more like a domestic terrorist. People like him should be controlled so that we can all feel safe!

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    • duuude

      You a gremlin

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  6. og

    We must be close to a bottom.

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  7. bob smith

    This whole collapse could have been avoided if only you had gotten vaxed and boosted.

    But NOOOOOOOO…

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  8. Mr. Cain Thaler

    On the bright side, most failed militaristic governments with strong trade flourish after losing their expensive foreign holdings. Russia, China and Iran coordinating to pop us out of every theatre on half the planet will be a huge boon for the budget even as their own expenses skyrocket.

    And domestically, watching both Russia and China go full throated ethnic nationalist while Iran purges non-muslims of every town within a thousand miles will strip our own domestic troublemakers and traitors of credibility and voice.

    Globalization is quite dead, so let’s cart out the body and bury it before the smell gets much worse.

    Even the timing isn’t terrible. Could you imagine the destructive potential if the Chinese had carved up our supply chain on purpose AFTER their troops were moved into position? My God… now we have a few years headstart to withdraw and start rebuilding domestic industry and fence off the Ray Dalios and Warren Buffets of the world before they harm us too much worse.

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  9. cmj

    SPY only off less than 5%, normal correction.

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    • s.k.

      No no no. The world is ending. Embrace the self-indulgence of it all. It’s all over.

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  10. Mr. Cain Thaler

    Price-to-book and CAPE ratios have put in a visible top and earnings yields formed a bottom late last year.

    Whether these are THE top of the market remain to be seen, but if I were a betting man – and I am one – I’d be betting all three accelerate from here as the supercycle comes to an abrupt end.

    On the way down, stock multiples will be contracting as earnings fall simultaneously and the whole process is an order of magnitude more painful than if we’d just let the fucking market correct at any number of points between now and the European Debt Crisis.

    And in a cruel twist of fate, the better the economy holds up, the worse it will be.

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  11. juice

    BUDDY

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  12. alaric

    1 = 2

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  13. traderconfessions

    I believe SPY is up about 18% since Biden was inaugurated. That’s after the recent drop. Who told you to buy the froth or trade like a lunatic every day? That said, crazed Fly is always a fun read.

    Now chin up and snap out of that fetal position. Sleepy Joe just aced a 2 hour presser and Supreme Court just gut-punched Trump. The market will be at all-time high by Summer.

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  14. Mr. Cain Thaler

    German PPI “unexpectedly” accelerates to over 24% yoy.

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    • roguewave

      omg, out of left field. No one could have possibly anticipated that.

      It’s good for mother earth that they shut down their nuke plants. When the ruskies turn off the nattie, they will find out exactly how inflationary it is using furniture for home heating.

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  15. purdy

    I double mask when reading Fly’s blog.

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  16. reversion

    I remember a time when “the fly” still said intelligent things.

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    • cll

      He should rename this blog as DystopiaOfCaucasianTerrorists.com because that’s what this site has become.

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  17. dontpanic26

    Amen. Biden’s a little shrimpboy.

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