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
23,433 Blog Posts

Back to “Normal”

Whew, with that Buffett news this morning, I was a bit worried the market would get all crazy and shit and trade up. Thank God we are back to trading “normal,” with German markets flash crashing 5% in minutes and US stocks reversing to the downside, in old school, “fuck you, you’re dead” fashion.

Frankly, I cannot envision myself trading in an environment that doesn’t raise my blood pressure by 50%. This shit keeps me on my toes and is the best!

Sure, my VHC position is spiraling higher, but everything else is getting Clubber Lang’d for no apparent reason other than fickle investors panicking out before “the (Jackson) hole.” Well, this is exactly why my new version of “all in” is 30% cash. I expect the market to correct, following the 2 day bull market that just occurred. Once we go down some more, out of nowhere, we will go up again.

In the meantime, try to sedate yourself between snacks and make sure you’re not on margin, else your accounts will do a flash crash of their own, all the way to $00.00.

If you enjoy the content at iBankCoin, please follow us on Twitter

19 comments

  1. alf44

    thankfully I got SHORT @ the Close yesterday !

    .

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • alf44

      I must say though … that Buffet surprise this morning made for a few uneasy moments !

      Whew !!!

      .

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Bullrun

        Alf, you were 3.1 net short yesterday around 11:00am which is lower than where we are now…so who are you trying to fool?

        • 0
        • 0
        • 0 Deem this to be "Fake News"
    • I Need Attention

      Why do you always need to try to make you blog posts a large as possible?

      .
      .
      .
      Blog
      .
      .
      .
      Envy?
      .
      .
      .
      ———————-

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Yogi and Boo Boo

        It’s the single eye. If he drops his monocle, he can’t see when he’s hit enter.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  2. Dirk Diggler

    The site looks great on this portable device designed by aliens and made by children.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Quint

    Is it just me, or does Becky Quick’s new baby resemble Warren Buffet?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. xxxHuggieBearxxx

    Oh how I long for the good old days when we were certain to collect on our daily 40 points.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. futures

    As soon as the frauds at SP reaffirm germany we’ll be back near the highs

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. TraderCaddy

    Between looking at the new color scheme at iBC, the volatility of the market, and my right eye secondary cataract my eyes are spinning like a roulette wheel.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Frog Playing a Colorful Accordion Song for Bernanke
    Frog Playing a Colorful Accordion Song for Bernanke

    This new site comes out a lot better on Chrome than on Internet Explorer, on my computer. On IE the pages go up and down when I didn’t ask them to.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. DRAXWIN

    hurricane slamming NYC this weekend bearish as fuck, I would get out of the fucking way( sell) b/c it is going to be baddddd

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Yogi and Boo Boo

      Why is it bearish? Buy insurers. They will be able to raise rates.

      • 0
      • 0
      • 0 Deem this to be "Fake News"