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
23,419 Blog Posts

Markets Celebrate American Greatness — Soars 900 NASDAQS Off Lows

I was out most of the day and did not trade after my morning sales, which netted me just 1%. I am certain if I had been trading, in what amounted to be one of the best reversals in recent times, I’d be happier than I am now. But I can honestly say, having missed out on +450 NASDAQs, it was just another day at the office.

SAAS stocks exploded to nearly 8% and all of your finest undervalued high PS ratio tech stocks ejaculated with glee, all over the war monger bears who fashioned themselves as General Patton inside some sort of War Room extolling the virtues of WW3.

Since I am 100% in cash and haven’t been at the monitor since afternoon, I offer no real insight into this tape, other than to say this is the first Thursday green in 9 weeks. Whether this ebullience spills into tomorrow and perhaps next week is anyone’s guess. My hunch is, the Russia war discount has been neutralized and we can once again begin to worry about 9 FUCKING RATE HIKES FOR 2022 and deleterious earnings results at BIG TECH — cracking shares asunder in unceremonious burials.

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7 comments

  1. it is showtime

    IBC: WAR EDITION!

    to IBC HIKE IT FUKKERS RAISE, THE FUCK, BS, CLOWNBUBBLE FAKE ECONOMY RATES EDITION

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

      Hush up Forrest Gump

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    • bob smith

      Dear It is all about me… Using all caps is for shouting something meaningful. Your asinine post doesn’t qualify. Please, spare us from your childhood trauma sequela being acted out in your childish posts. We don’t care. Really, we don’t.

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  2. cll

    Ain’t it lovely?

    Putin wasted all this time and effort just to gaslight himself into becoming the new Osama bin Laden who has a bunch of rusty nukes he will never get to use.

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  3. Orson

    American greatness?
    Rigged markets are a reminder we’re not in a just world.
    It’s all based on hope amongst a war, or potentially additional wars. Hope is never a strategy.

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    • 0 Deem this to be "Fake News"