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
22,284 Blog Posts

How Are We Looking Bulltards?

The market was gifted with an earnings warning out of Micron today — on the same day President Biden signed “The Chips Act” — which is corporate welfare and grift to Taiwan.

Set your retarded emotions aside and have a look at the fucking MU chart.

Do you mean to tell me that’s a bullish chart?

It’s over fuckers. The summer rally has ended and in replace of it is nothing but darkness.

The temptation to long commodities is ever present. However, I am not being fooled by that either. If recession, oil will circle down the drain and never come back. I know all leading economists have all of a sudden changed the definition of recession — but did you know the 2-10yr bond inversion is nearly 50bps now — the widest chasm since 2000?

Do you know what else happened in 2000? The biggest fucking market calamity of all time, peak to trough 75% down in the NASDAQ — me at 24 new to the business wanting to blow my brains out. Yet here I am 22 years later warning you about it.

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One comment

  1. Mr. Cain Thaler

    There is no recession.

    There will be recession but there is presently no recession.

    The 2-10s are -50bps because bond traders are being fucking delusional and the 10y is going to break into a thousand pieces.

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