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

Here Comes the Flushout

This is the moment you’ve been clamouring for, at least the people with ample lots of cash on the sidelines. The market is in the midst of being routed, led by high beta names. Although it’s painful for me to see my positions getting lit, I look forward to allocating my cash and making up the difference on the next upside inflection point.

If you’re fully invested, leveraged into this maelstrom: beware.

One month treasury bills continue to scare people to death, with yields rising from 0.18% to 0.30% overnight.

Congratulations to Congress and the Presizent of the United Steaks of America: you’ve got your panic.

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21 comments

  1. acehood1

    they’re all short futures anyway. Until this country gets its Versailles moment, the absurdity will continue. And the beat goes on.

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  2. matt_bear

    spy hedge saving my ass right now.

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  3. og

    Might be too early, but I got back into YELP. Fuck these guys.

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  4. seekingprofits

    Buying $TNA calls, deep in the money, Nov exp…

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  5. bood

    now i see , you meant hit . true ,beta liquidation mode going on at the moment

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  6. kapitalist

    Yeah from up 2% overall in portfolio to down 3.5% in a matter of 1/2 hour. Love this market.

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  7. bood

    down 4% here . never seen in a long while such a long staring red-only counting up-low ticker

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  8. matt_bear

    this ANGI escort got busted AND tested positive for hiv….wall street no longer desires her services and has been kicked out of the inner circle. damn.

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  9. superpositron

    How much down side do you see…?

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  10. bood

    my stocks bleed like it’s a -3% or more across indexes

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  11. matt_bear

    at this point, i really think a touch of the 200ma is a possibility. We have not tested at all this year.

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  12. bood

    I’d be happy to see red between 1 and 2% on the close in my portfl

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  13. j livermore

    The French have their Bastille Day. When will we have ours?

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  14. speerothekid

    spending all day rubbing vxx vapor all over tits

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  15. bood

    tvix with volume looks terrific

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