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
17,000 Blog Posts

A Quick Update on My Positions and Other Things of Extreme Importance

When in doubt, bet against volatility. This is truly like beating up people in wheeled chairs and stealing their baseball caps.

Long XIV — because I like kicking old men in wheeled chairs down stairs.

Long FAZ — because of MUH yield curves.

Long FIZZ — because people are parched and PEP will buy them to amend for their sins.

Long PGTI — because Florida and Texas have been destroyed.

Long GOOS — because Canada Goose is an evil corporation and darkness always wins.

Any questions?

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15 comments

  1. it is showtime

    Shiller pe update:

    30! .58!

    Congratulations! You have earned the Bleeding Icarus merit badge

    What a dumbfuck american population

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    • cancel19

      Man, don’t tell me you’re still shorting this market.

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    • tonka

      Japan peaked at 97.

      China and Russia got over 50 or 60.

      US peaked over 40.

      That’s a lot of potential upside.

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      • it is showtime

        # 1 Tech peak had many companies with 0 revs. skewing the ratio. realistically closer to 30
        # 2 Valuations in this era have been moved there from topdown programming. since 2013 or earlier. the machines didn’t decide to allow Great Depression equivalency at over 30. on their own
        # 3 Permabears said take the crash after the relief-rebound, or take it later it will just be bigger. people like to say bears were wrong, no we were right (oct 29 level was solely the result)
        # 4 Doubt it. potential upside. doubt it

        Game is ending for many reasons. This fucking ignorant society and elder greedy hubristic look the other way generation will get what they deserve. There will be takedown or trigger complications before it would “HIT” 40, 50, 90

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  2. frog2

    I can’t remember in the past 7yrs of u ever being right about a buyout

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  3. fryguy15

    GOOS – gotta love a company that charges $500 for $5 worth of cotton. Because if you are not sporting the Canada Goose logo, you are just inferior.

    No job, no money, no goos, no girlfriend. Just a loser.

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  4. lapens

    The only thing better than The Fly getting back to trading will be Le Fly getting into crypto. I bet your son has btc Fly (extra Jamie)!

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    • metalleg

      An iBC coin would be nice. Turn iBC into something along the lines of Steemit. But first sell $200,000,000 worth of digits.

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    • Phileo99

      An iBC Internet Coin Offering would be the bomb!
      Make it so before the bubble bursts.

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  5. tonka

    I am not opposed to trading XIV. I am opposed to the notion of it always going up.

    If you hold it forever it will eventually go to $0.

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  6. momsen92

    Fact: Pepsi had the 7th largest navy in the world in 1989.

    Fact: FoodLion Orange flavored seltzer is as good as La Croix and half the price. This isn’t a C&C and Coke comparison.

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    • ironturd

      It’s $6 for a 12 pack of LaCroix, what are you saving drinking FoodLion? $18 a year?

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