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
23,466 Blog Posts

[UPDATED]:Yield Curve Tightens Again; It’s Time to Short the Banks and $NVDA

EMERGENCY UPDATE: I’ve always found the look of word encapsulated by [BRACKETS] to be a sign that the author of said title is a supreme asshole. Having said that, I believe the world is about to end. Therefore, I sold short NVDA. Aside from FIZZ, ESPR, HMNY and UCTT longs, I have good hedges in place to weather the storm, long UVXY, short BAC and short NVDA now.
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It’s over bankfags. Your time in the sun is over. Now you will freeze to death under a deleterious yield curve — which is now just 69 bps.

Listen to me, sell short all of the banks at will. On a whim, borrow money from your credit cards and use it at 38% interest to sell short banks — for they are finished and destined to trade lower.

With the money that I captured from the sale of ESEA, I sold short BAC. Aside from the occasional FAZ purchase, this is my first short sale in quite some time. That fact means nothing, per se — but it does demonstrate the level of commitment I’ve shown to this fucking market. Even when I was bearish, I merely opted for bonds and cash instead of shorting stocks. But the time for half measures and soft talk is over. I am going to kill you now — ripping your spine straight out from your back and then tossing your limp carcass into the sewers.

In other news, BITA looks quite good and I am glad to have purchased it yesterday.

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17 comments

  1. mad marsupial

    I’m guessing you are a guy, but sometimes curves don’t really matter.

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  2. sarcrilege

    Douche Bank, loaded to gills with $T in derivatives, will go down first. Long overdue for that sucker to go down.
    On the other hand, (((Gov’t Sachs))) will be fine. Goyim’s spines will be ripped straight out from their backs and then their limp carcasses will be tossed into the sewers to make (((them))) whole.

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    • bushwacker2

      Is Hitler anywhere in your family tree? I’ve rarely witnessed such vitriolic rants such as yours. You can take it down a few notches if you really wanted to. I know you can.

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      • sarcrilege

        If Hitler was in my family tree, I’d be more like him. A peacenik, pacifist and pushover. The problem with the likes of you is that you suffer from epistemic dissonance caused by swallowing gluttonously any scheisse oozing out of the joomedia propaganda machine. It could also be your intellectual laziness.
        https://tinyurl.com/y97lmar7

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        • ironturd

          You’re a complete fuckhead with nazi blowup dolls as friends. Fly condones your Hitler worship and anti-semitism because he is either a) anti-Semitic or b) free speech. Which one do you think it is

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        • bushwacker2

          The “I hate the scumbag devil Jews!” chirping is getting old. Give it a rest, hater.

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          • sarcrilege

            Brainwashed ignoramuses such as yourself are the reason why congress is Israeli occupied territory and goyim are dying in ME for the Satan worshiping filth in Israel. On the other hand, you might be one of them zionistas who wants all christians dead. Same as what (((they))) want. Are you one of them? Well are you, punk?

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  3. paradox

    [WHAT THE FUCK DO YOU KNOW!]

    Long vol into the breach.

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  4. dmfracer

    I fucking hate $BAC and just bought November 17 $27 puts. Target 50-day at $25-ish.

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  5. stocksnblondes

    Banks I can see though the whole flattening yield curve is due to global government manipulation rather than denoting recession.

    As for NVDA, you’ve got big balls messing with that runaway truck. I can think of tons of other momentum stocks to short before that one.

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  6. mensch

    You were way overdue on a long UVXY sky is falling post Fly, was starting to think you were ill.

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  7. lesurgeon

    Snaps ganna be SWAGGGGG, brah.

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  8. bushwacker2

    Fly must be joking. In case he didn’t get the memo, this market will de-ball every single last bear in the coming melt up. The world is not coming to an end. The party has yet to reach the apex. Fine cognac and ambrosia for everyone!

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