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
22,427 Blog Posts

Almost Impossible to Be Bearish Now

The last time we had a 6%+ rally was in March of 2020, the COVID lows. It would be arrogant to look at this THOUSAND point rally and blow it off as a bear market rally. Believe me, no one would like to see the markets in hell more than me. But there are mitigating circumstances here that must be acknowledged.

Both rates and the dollar has collapsed and we might get a free pass on inflation until next month’s CPI reading. The war in the Ukraine is looking good for NATO and Biden is meeting with Xi soon. There are many things that can be manipulated here, in terms of news, that can continue to lever up stocks in a manner on par with the 2020 bottom.

That being said, I am keeping all options open for a resumption to the downside and end of PAX AMERICANA.

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5 comments

  1. rigged game

    How can anyone be bearish with the magnificent
    Joe Brandon showing us how a GOOD Pres operates?

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    • john galt

      Haha I can’t take you serious rigged, no way a 71 years young thinks “weekend at Bernie’s” is onto paving a good road

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  2. purdy

    Back when there were two parties, one would look for the president’s party to take needed pain immediately following midterms …so that we were recovering handsomely in time for the next presidential election. But now, who knows.

    I think they’d prefer to install DeSantis rather than having to come up with a new Dem who can make coherent sentences …and thus offend the sitting VP and her woke fans.

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  3. purdy

    Shorted XHB March calls here.

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