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
16,213 Blog Posts

DC Tumult Turns into Risk Aversion; Markets Fall

A global sell off is underway, in light of rumors that Mueller is going to investigate the President for obstruction of justice. Clearly, the acrimony is having an obtuse effect on the cocaine addled money managers on Wall Street — who are on the precipice of taking a few month’s off to summer near a beach or cool breeze — mountainside.

Asia is getting lit on fire tonight, led by fidget spinning fuckheads offing their shares. Hong Kong is lower by 0.9%, Australia -1.32%, China -0.71% and Japan -0.41%.

Nasdaq futures are down 35. Gold is down 0.7% on news of Yellen tightening. And the speculative bubble in cryptocurrencies is collapsing now, with both Bitcoin and Ethereum down by more than 10%.

For the week, however, it’s worth noting small caps have performed well — in line with my personal portfolio. After small caps, treasuries are higher by 1.32% — leading the risk averse crowd to safety.

Generally speaking, tech has been bearing the brunt of the sell off, namely semis. There is a rotation underway, but it’s subtle and not entirely actionable.

On Friday, I will be adjusting my portfolio again — which has been crushing the SPY, in a measured way, over the past 5 weeks. This year, I am going to approach the market in a systematic fashion, using only Exodus to provide me with strategies, adhering to strict rules — all in the name of alpha.

I intend to take this a step further, with our next upgrade of the software, leading to the eventual grande opus upgrade which will come in late 2018. For now, however, the lot of you will have to make due with unparalleled mean reversion tools, a great community of traders, and picks from both myself and Ragin Cajun.

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9 comments

    • john_galt

      Yes you libtards are a bunch of lying fascists of pathological variety.

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    • t.c.

      Keep fighting comrade, keep up the good work. We shall achieve full communism soon.

      https://www.youtube.com/watch?v=9zvrd5x-2uU

      • 0
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    • it is showtime

      Mainstream-parrots didn’t even pick that up yesterday. The bozos, are the ones who entered conspiracy-theory on Nov. 9. You have no background. No skills. No context. Yet you’re talking about “Connecting the Dots”? That’s what we do lol. That’s what the conspiracy community does ha lol.

      You’re absolutely in delusion thinking you have the reigns of conspiracy.
      [we conspiracy said in Nov there Would be a takedown/takedown attempt
      of 45. the majority of what you are seeing is machinations of the takedown]

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  1. sarcrilege

    OR….. do the exact opposite of what investment guru Dennis Gartman does and grand muppetor Goldman Sucks recommends to muppets puppets.

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  2. roundwego

    Wimpy will not be paying for the burgers he has been buying on cheap fed credit. Wimpy always defaults. That’s what he do.

    • 0
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  3. dae42

    Late 2018? The vaporware era ended 10 years ago. Hire some capable programmers and other assorted IT gremlins ASAP. God bless America!

    • 1
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  4. Dr. Fly

    I’ll have Exodus 2 out by end of summer. I am talking about a much bigger project for 2018.

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    • 0 Deem this to be "Fake News"
  5. ironbird

    Futes have that what look. No way a bunch of women and queers have been the muscle for psychopaths. Women and queers. No way. Fags and dykes and betas. No way. Pedos and lawyer pedos and preacher pedos. No way.

    • 0
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