Is this the kind of post you guys wanted?
The market looks terrible, we are headed for new lows! Then, once we hit new lows, we hit newer lows, this process will not stop until every stock is at zero.
I see weakness in every sector, everything is a sell. Do not even think about buying a stock. Right now I sold everything I own and went 100% short.
Folks, this is Armageddon, embrace it. Whenever you see green that is your signal to sell. We hate green over here at iBankcoin, the only color we love is red, red like the blood shed all over the world.
Again, there will never be a bounce. Not in gold, not in oil, not in the dollar, nothing. Everything trades to zero, even inverse ETFs. They’re all done!
Your money is worthless, embrace the horror!
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thank you
This post is granted automatic induction in the IBC Hall of Fame.
“they’re all done” not “there all done”
Or how about: their will be a bounce!
sorry, I’m from Louisiana.
Thanks to double-inverse ETFs, we should expect stocks in the relevant indexes to go negative.
And your neighbors will be burning their houses not for the insurance payment, but for the heat.
I thought I was reading Yahoo Finance premarket when I saw your headline.
Vix to 4 means the end of the world. The end of the world will come when no one expects it… sudden destruction.
sorry, I’m from Louisiana
Then I should add that hurricane season will now be 12 months long and the waterways of America will teem with piranha and snakeheads.
We already have what? Oh. Will teem with piranha, then.
The rip on SKF is now 3$!
Brazil down 70%
Russia down 80%
India down 58%
China down 70%
We’ll catch up to them soon. This is America!!
ottnott: Naw, people won’t be burning their houses for heat. This is a deflationary crash. They’ll be taking physical delivery and burning the crude oil because it’ll be cheaper than storing it.
Then again, reality is stranger than satire: From a two-day-old Forbes article on the dry bulk shipping market:
“Even the last-ditch scenario of scrapping ships to sell for steel is not an option anymore as buyers of scrap have had difficulty getting letters of credit to do so, Landsberg said. With steel prices lower, ship owners are also less inclined to scrap their ships.”
http://www.forbes.com/2008/10/22/dry-bulk-dryships-markets-equity-cx_ra_1022markets46.html
Ragin’
Love the blog. Quick question: what do you think about RIO?
Rio is worthless, along with every other stock. If it turns green, short it. We hate green ovah here at iBankcoin, we fucking hate it.
I just grabbed some DRYS based on this post, thanks Ragin!
don’t do it. Have you heard the news? The world is ending.
I repeat, don’t do it.
not correct, Fly is long NOV, he will relish a green
RC Buys JASO @ 3.67
It is difficult to detect sarcasm online. are you “half joking”? Completely joking, or just a “fuck who cares” tone?
this post was in response to all the negative comments I got for posting bullish ideas.
The world is not ending, yet.