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
23,445 Blog Posts

Why I Begrudgingly Bought SPY This Morning, In Spite of My Dire Outlook

The machines made me do it.

86% win rate over 5 days.

OS

There wasn’t a single person on this planet who was more bearish than I, heading into today’s trade. I dreamt of black clouds and ominous share price deductions, awakening with a smile. There weren’t any stocks that I liked, aside from those of the hamburger varietal. I wanted America to be great again, Belgium to have the backbones of grandmas, and my President avoiding, at all costs, taking pictures in front of Che Guevara murals with a Cuban dictator, then shuttling off to do the tango, quite badly might I add, in Argentina.

Instead, the effervescent and everlasting algorithmic dynasty that is Exodus told me something that I didn’t know, ever so quietly. Stocks weren’t ripe to head lower just yet and the decline would be met with people, foaming from the mouth with rage, elbowing one another in the faces to buy stocks.

Hence, as of this morning, I suspended my overarching bearishness for stocks, in favor for pragmatism, and I purchased a lot of SPY, at $202.15.

Have a look. I took a picture.

Exodus

The numbers do not lie. Markets are higher now. Join us now in Exodus. We’re running free trials through Easter.

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7 comments

  1. nocturne

    Whaaaaaaaaaaaaaaatttt! !!!!!???? :^?

    We’ll then, we were buying at the same time.

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  2. badduck

    123 measly shares?? Stop.

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  3. the dude

    I was bearish yesterday too. Amazing that the market moved up from the open today.

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  4. og

    All about oil.

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  5. blahblahblah

    interesting. however being short oil at $40 is like being long oil at $140. and your lolz 6 wk chart? former fly fave AG. wtf…happy resurrection

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