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
16,863 Blog Posts

Market Rebounds; I am ‘Locked and Loaded’ Ready to Go

For the week, mega caps crushed small caps, -1.1% v -2.86%. Because of the concentrated nature of my holdings, long stuff like NVDA, I faired worse — down around 3% for the week.

Since mega caps did so well, I am mandated to keep the positions I currently have, save one.

The technical ranking of NVDA plummeted and TXN surged, so I swapped one for the other.

Also, I took 10% of my cash position and added to both GLD/TLT, since they outperformed the SPY by 300-400bps.

In summary, it was a rancid week, one that presided over the destruction of momentumfags. In regards to my current quantitative strategy, there is little cause for concern. I have protective measures in place that were designed to help me outperform during periods of duress. But it’s a process and might take a few weeks of rough sledding to kick in.

When chasing alpha, which is the stated goal of my program, you should expect to live and die by the sword. When markets do well, alpha seekers should do better, and vice versa.

I have to leave now. I wish you the best of luck in your ventures.

On a side note, I was recently stung by a FUCKING WASP, right on the vein in my hand while gardening. When it happened, it was just about the worst pain I’ve ever felt — like an intravenous needle being administered by a FUCKING WASP. It paralyzed my hand and I thought my it was going to explode. But it didn’t and I am now typing with said hand and live to tell the tale.

The Lord blesses us in many different ways, in spite of the fact that he’s a totally fictional character made up by savage barbarians in the days of antiquity.

Ciao.

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12 comments

  1. duuude

    Loaded and locked. HTF can you load after locking.

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    • cancel19

      I’ve wondered the same. Why do they say “lock and load”?

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      • bushwacker2

        The old M1’s required you to lock the bolt back before loading a full clip of ammo.

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  2. sarcrilege

    Go shopping, a nice 1oz gold eagle in your hand will make you feel much better.

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  3. bennyhill

    If it hurts that much it was probably a hornet, not a wasp. A macaron will make it all better.

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    • moosh

      Le Fly said it was a FUCKING WASP YOU ARGUMENTATIVE FUCK. Please go meet him and go pro being kicked down 11 flights of stairs.

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  4. aj

    maybe you should buy Dragon by $NUAN, so you don’t have to type

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  5. stries

    One WASP to another.

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  6. WrongView

    Still finding this all terribly amusing?

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  7. airborne

    Apply the Airborne motto: “Take the pain.”

    You Wall Street pussies always complaining disgust we real men.

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  8. heaterman

    So… Have you done any shopping for a new Lexus yet?
    2 of my kids drive LX350’s and love them

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