Markets Looking for the Big Excuse.

&" itemprop="articleBody">


“Shares in a British subprime bank tanked by as much as 75% in a matter of minutes Tuesday.” Aug 22, 2017 CNBC

Look, sound and feel familiar?

Two days ago, Provident Financial, (LON:PFG), which offers credit cards and loans to people who are normally turned away by traditional banks, saw it’s share price decline by +- 75%. This is a bank not a biotech, isn’t it? (The shares have since recovered +- 20%)

Markets/Assets in general, globally, have been on a tear. See my post here.

Nothing goes straight up forever – nothing.

Pullbacks and consolidations are a necessary evil. The markets are looking for the Big Excuse so they can retrace.

Some Big Excuse real examples: 

  • China admits to massive corporate fraud in the banking system
  • Chinese property prices tank.
  • US auto loan defaults – all time high.
  • US student loan defaults – all time high.
  • US household credit card debt – all time high.
  • US/Global housing cools.
  • Massive cyber crime.
  • Higher interest rates.
  • Trump/Politics
  • Oil goes from $50 back to $100
  • Cyber or “conventional” war.

The list of reasons why the markets should/will selloff is enormous. We see a far greater possibility of the market (Dow et al.) getting whacked a much needed 25% than continuing to move upwards and setting new highs. (Speaking of highs, have a look at the Player’s Network Video)

Take some off the table and be ready to buy the upcoming panic.

Sign up here and get our timely updates.

@Contrariansmind @iBullReport @David_kav @Medtechpreneur



Recent Posts

Contrarian's Mind

Born in Toronto Lived in Nassau,Bahamas - Palm Beach,Florida - Las Vegas,Nevada and now residing in beautiful Barcelona,Spain. I back bright entrepreneurs with big ideas related to Artificial Intelligence, Machine Learning, realtime platforms and price discovery. Make everyday remarkable!


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Posts
  • Wuhan Announces New Chief Medical Officer – Dr. Anna!

    Dear IBR readers, Today is a very remarkable day for me̷…

  • The Weekly Bull Report

    Welcome to the 20th edition of The Weekly Bull Report. Here&…

  • SNAP – A Sinking Ship

    For those of us paying attention to $SNAP, yesterday was an …

Internet Bull Report

Thank you for reading

Internet Bull Report is a financial newsletter that uncovers remarkable equities, primarily in the High Tech and Biotech sectors globally.


Subscribe to the IBR blog

Keep up to date with our latest news and recommendations by getting them straight to your inbox!

We will never spam you or give your email address to a third party.