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
23,414 Blog Posts

AMAZON COLLAPSES AFTER EARNINGS WARNING: IT’S OVER

Here is the grim news:

We are quickly heading to war, now in the hole to Ukraine for $50b inside two months, paying for their entire shithole country.

Inflation is an issue and the supply chain issues are getting worse.

The Fed is working against us, attempting to slow the economy via rate hikes.

Amazon missed and warned.

The upside:

We are likely in recession right now, which means the retards at the FOMC will not hike as much as they’re warning.

But before we get to a spot that is investable, we need to see earnings shortfalls. I know stocks are down 50% but they need to drop another 50% before one could feel as if one is receiving value.

I was at Harvard all day, now back at the hotel. I’m 75% cash, only long oil refiners due to blow out in 321 cracks.

Oh and by the way, AMZN is -10% in AHs after warning.

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

10 comments

  1. purdy

    My grandfather went to Harvard in 1917 – tuition $150. Has it gone up?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • alaric

      That’s what I was thinking. Not going to be 75% cash for long

      • 1
      • 0
      • 0 Deem this to be "Fake News"
    • metalleg

      Nope. Still $150. Oh, Harvard. I thought you said Hartford.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  2. tradercaddy

    So the Harvard folks finally gave Dr. Fly an Honorary Doctorate.
    I bet they gave you a standing ovation in between cutting your microphone.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. teslawasright

    The Fly ( no Le ).

    You can’t simply state you were at Harvard today

    That is ghey!

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. teslawasright

    The Fly ( no Le ).

    You can’t simply state you were at Harvard today

    That is ghey!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. roguewave

    chilly w/o heat
    almost all of europe is north of toronto

    Some kids should go to college. Today many should not.
    Train yourself in crypto for better prospects pay, benefits, flexibility, autonomy

    https://newsletter.banklesshq.com/p/whats-stopping-you-from-getting-a/comments?token=eyJ1c2VyX2lkIjoxMzIwODE3MSwicG9zdF9pZCI6NTMwODIxMjgsIl8iOiJsemdsYiIsImlhdCI6MTY1MTI1Mjc0OCwiZXhwIjoxNjUxMjU2MzQ4LCJpc3MiOiJwdWItMTYwMTUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.V_ZyDoDX_tku7XrJJT8ZIWcaGdeh9bH_CntzZgqmx_c&s=r

    Who knows what these comi profs are “teaching”

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

      Trade school…. I can’t get an electrician for 6 weeks out. The fuq

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  6. hmbree

    Trade school…. I can’t get an electrician for 6 weeks out. The fuq

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. the_wolf

    CVE
    Undervalued, will benefit from blown out crack spreads most definitely

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