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

NOWHERE TO HIDE

You can’t buy anything, oils, tech, bonds, cryptos, with exception to gold today but who in the fuck is buying gold into the close? There have been several false set ups today, all have failed and now we’re steaming lower again. I’ve resisted the temptation to trade because -6% for January is quite enough and I don’t need to take risk when the set up is poor.

The one silver lining today is -4bps in the 10yr, a much needed release on the pressure valve — which has laid waste to housing related names like TREX, FND and TOL.

Some stocks are just completely decimated, like MTTR — off by 50% the past two weeks.

On a wider lens, the collapse of civilization is at hand, as dysgenics grips the west and subsequent IQs plummet generation by generation as the dominant peoples die off and are replaced by fucking morons of underclass reprobates. Because of this, insidious malefactors are now in control of all facets of the country, which is driving the other 40% mad. We are collapsing in more than one way. The future of everything you see before you, on a long enough timeline, is Detroit.

The death-spiral will accelerate as Darwinian conditions produce low IQ leaders and purpled haired catamites cast a pall upon what was once considered a great civilization. Whether it happens now or 10 years in the future — it is inevitable.

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8 comments

  1. purdy

    Cheer up. With this pullback we are now able to buy AMZN at a mere 62 time earnings!

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  2. purdy

    s

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  3. Mr. Cain Thaler

    “The future of everything you see before you, on a long enough timeline, is Detroit.” – The Fly

    You’re god damned right it is. But the one notable exception – curiously enough – is actually Detroit itself which decided it has had enough of being Detroit and wants to instead be what it was beforeit became Detroit.

    They dispatched cops who threatened to shoot the looters and arsonists last year.

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  4. alaric

    I think they killed Tecumseh around there to; before it became Detroit

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  5. cmj

    NQ’s reverting to the mean, consider that index is still positive 55% across 24 months ignoring the pandemic collapse

    Feb 19 2020 – 9678
    Today – 15040

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  6. donnie wads

    “The future of everything you see before you, on a long enough timeline, is Detroit.”

    Early nomination for prediction of the year.

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