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
20,864 Blog Posts

I’m Bringing the Ark in For Renovations

It looked like the floods were rising this morning and I needed to float the ark, sail to whereabouts unknown. But the waters have receded and the panic has lessened. Even still, there are great risks to this tape and I believe a large TLT position is warranted. Therefore, ergo, I am inexorably long TLT and expanding the size of my ark.

The dollar suffered its worst single day draw down in 7 years. As a result, bonds sold off too–denting the ark to the tune of 1%. Stocks are higher by 175, yet only 60% of them are actually in the black.

Today wasn’t a day to rejoice. It was a day to be grateful for being alive–given an opportunity to board the ark, alongside all of the zebras, cobras and parrots– before it sails off again the next time the floods rise.

Because when it does rise, the waters will be 10,000 feet deep, immersing everything in a deadly briny cocktail that will send us back to the dark ages.

Happy trading.

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13 comments

  1. nocturne

    In a dark corner of a dimly lit room, a Belgian trader laughs and sells treasuries for his Chinese master ….

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  2. infinitezuul

    In a dark corner of a dimly lit room, atop a plastic-wrapped “sofa,” Janet Yellen bites hard into a Werther’s Original, cracking it into pieces. “Goddamn that Ben Bernanke. Goddamn him.” She had just received the word.

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  3. jpmorgains

    I am so in love with this Ark metaphor words cannot describe it. Never saw the movie these pics are coming from but I am going to watch it tonight. Supreme hat tip to you Le Fly.

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  4. figesmalls

    Blast from the past – thoughts on VHC????

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  5. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Yes, usher the poor zebras onto the ark.

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  6. matt_bear

    Michael Kors is busy designing the uniforms for the boat crew.

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  7. grandmaster

    It’s time to start buying TBT for the long-term account. We all know how this story ends. The Ark will eventually find land.

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  8. anjing bau

    The ark runs on marine diesel it can sail on 4 ever

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  9. pb

    I hate the Ark metaphor…because a bunch of jackass hillbillies are actually building one in my area. Oh, and it will include animatronic dinosaurs. Because, paleontology, big myth.

    For a more realistic calculation of the depths to be reached, think non-linear leverage. (i.e. derivatives) Many birds other than chickens will be coming home to roost. EUR is going up for a reason.

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    • Rastgen

      Is there a European ark? Perhaps built with German or Swiss precision?

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