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
23,426 Blog Posts

EVERYONE IS BULLISH AGAIN

The Nasdaq has been higher in 5 of the past 10 Fridays, marking a shift in the market on a day that had been a slam dunk for lower prices. The warmer climes have brought cocaine brains to the forefront, drunk, hedonistic, speculative thinking people without a moral bearing. There is nothing important about what is being said on CNBC — just the typical nonsensical recency bias permanent bullish jargon.

I closed the session higher by 200bps, STRETCHING my YTD gains to +58% in a public portfolio that cannot be debated. I have laid my case in front of all of you but have also given myself enough leeway to change, as any good trader should.

I WILL NOT BEND ON THIS POINT HOWEVER:

Betting on markets heading higher is a bet on globalization and the west. In my opinion, this is a poor bet and the inevitable outcome in this war being waged will be LOWER prices. As a society we are broken — a fractured people by an occupying force who intends to buy your blood. Only sentimentality and older men in America is worth regaling in. Everything else is rot and leadership is non-existent in what appears to be the most substantial shift in power experienced since WW2. Only this time, we are the Axis.

https://youtu.be/l12NQXmJ0JY

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4 comments

  1. duuude

    Well said, once again. As an older experienced man, I believe this country needs a good beating..Old Testament style.

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  2. longrun

    Excellent post- I cannot help to despair and long for the traditions of my grandfathers. ALL IS BEING LOST..

    https://www.youtube.com/watch?v=rw9GBDEb8w8

    Song = Post

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  3. maxx2000

    Are you guys all sitting around wearing dago tees? Jesus fucking christ eat some chocolate an pull your head out of your ass. They way you’re all talking, I feel like I died and woke up in a Moose lodge in hell.

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  4. the_wolf

    Thee bull never left muthaafackkaar

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