Saturday, December 10, 2016
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
14,876 Blog Posts


I am going to live out the rest of my day in shame.

To eliminate leverage and reduce risk, respecting market forced beyond my control, I sold out of MOS,GS and MTW–bring equity exposure down to 101%.

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  1. anectotal

    I had a few dollars to invest today. My plan, buy some pm mining stock calls, some pm mining stocks or some physical metal.
    The calls could be the biggest winner (or loser) I wanted something beyond Jan 14, but didn’t see it. Forget the calls. The pm stocks would be better, but I was near the coin / metals establishment so I opted for that.
    visited my local

  2. flyaway18

    Capital preservation is the name of the game, period.

  3. Berniecornfeld

    Will you be like the Pope and forever live in seclusion now?

  4. Mr. President

    If I may ask, in all seriousness, why reduce volatility by going with higher market-cap stocks but then leverage?