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
23,455 Blog Posts

Let’s Be Honest with One Another

This market is going to hell in a hand basket. You know it and I know it.  All of the mojo is gone. Poof, just like that.

PREPARE FOR A VXX HALLOWEEN.

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31 comments

  1. gatorsun

    everything looks like shit in my basket… tired

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  2. TheHarper

    sat in a meeting this morning with IB that runs VXX. he pretty much laughed at the retail investor for not understanding the roll of VIX futures.

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    • gordielachance

      So you had a meeting with Kevin Burke in Singapore? Or did he fly stateside to have a meeting with you?

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      • TheHarper

        that makes no sense, you are retarded. I said the investment bank who runs it, bro. read. I spoke with head of Global Research for Exchange Traded Products.

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        • TheHarper

          excuse me, I mispoke when I said the IB that RUNS VXX. I meant a MUCH LARGER and competing IB that has a MUCH LARGER ETF offerings.

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  3. tradercaddy

    Not really.
    The financials have strength today, especially the regionals.
    It seems like almost every day now, there is a rolling R/S, i.e. semis,banks,industrials,momos, etc.

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    • matanzas

      community banks: STBZ, TCBI, PVTB, UCBI, SBNY, SCBT, MBFI, HBHC, SIVB, OZRK

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  4. kg

    Even MTB is up.

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    • tradercaddy

      And ZION,STI,WFC,FITB,KRE etf, etc.
      I’m keeping an eye on GS.
      It refuses to crack and I assume the FED has already delivered (in the back alley ,of course) the minutes to be released this PM.

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  5. bullfrog

    Call me a piker, but from a quick looksey at earnings of the shippers this time last year when there was a similar rate run, and fuel costs were equal/slightly less, one would think earnings would be far better than all of these “predicted” losses.

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  6. anton

    VXX Video is Le Cinema Classique. Can’t put my finger on it, but did Hugh Hendry cut his hair or something?

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  7. paradoks cat

    fuck it. its a trap

    im not shorting shit

    x calls are on sale today

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  8. Option Addict

    Mutual Fund Friday is coming up.

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  9. Marc David

    What the heck else can you do with your money except buy equities? Put it under the mattress? Put it in a CD where it’s actually going to lose value? Might as well buy buy buy. Can’t wait for Friday.

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  10. narwhal

    Good earnings from VRTS.

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  11. paradoks cat

    YELP puts and calls both down huge on all months

    I would kill myself

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  12. qeinfinity

    I’ve hedged my longs with some Nov 16 vix.x calls. They seem awfully cheap to me for how extended the market is.

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  13. paradoks cat

    bought X calls

    if anyone happens to give a fuck

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  14. bood

    I’m down ugly today

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  15. og

    Spiked and then a huge crap.

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  16. it is showtime

    Is this reverse psychology? If you say it, loud enough, it won’t happen?

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  17. it is showtime

    Is this reverse psychology? If you say it, loud enough, it won’t happen?

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  18. tradingnymph

    Didn’t get my Black Tuesday, but Black Thursday will be OK. Market is SO OVERBOUGHT and Clam is becoming lame duck. Margins at record highs…all ugly.

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    • bathsalttrader

      You’ve been saying that for two years now. (Or more, I’ve only been reading for two) Why does no one call you out for the bullshit market top call(s) you continually make?

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      • Option Addict

        Love to read these. They’ve all called 100 of the last zero tops.

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      • it is showtime

        The games that have been being played are massive, At some point. it’s going to break. People that have been “warning” “predicting” “calling” “waiting”. Will have their day

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  19. gatorsun

    DOW down 61…….not 500.damn…we just need to get the rippers

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