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
16,985 Blog Posts

U.S. Yield Curve Tightens Some More; Futures Plunge

Before I head off for a 2 hour slumber, I’d like to inform you that the US yield curve is now 66.9bps and getting tighter by the second. This is extremely onerous for the banks. Short them at will.

Also, Nasdaq futures are -14, Dow -60. Feel free to buy protective puts and also volatility. There is a king’s ransom to be made on volatility, at the right time, during the right circumstances.

When I accurately called the market crash in 2008, it wasn’t a sure thing. You can check my archives and see how I did it. I undertook probing exercises and always flipped back to long. I stayed nimble and when things started to go south, I bet big on the downside. When people covered, hoping for the BTFD scenario, I leveraged into my short positions and faded them. I made so much money in 2008-2009, my fucking arms were involuntarily punching people in the face when I walked by them. I swear to God. Ask anyone who knew me back then.

I don’t know when this market will collapse — but it will eventually. We have to watch for the little things, like yield curves, FX markets, and junk bonds. If I see anything that looks suspect, I’m in on the fucking short side within seconds — not because I’m a bearshitter who hates stocks and prosperity, but because I’m the greediest motherfucker you’ll ever meet and I wake up everyday with the goal to win.

Talk shit all you want, but when things get bad, and trust me they will, I’m gonna be your best friend and you’re gonna be trying to suck my cock for ideas (no homo).

Sleep tight.

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10 comments

  1. it is showtime

    Massive nikkei reversal. They had it +400 into the break. 3 very structured surges. Fell 850 pts down a mini cliff. They brought it back about 400 in the last 40 min. Interesting if we got a dow naz spy turn following the 1-year of upset election day. Might be an obvious marking if it occurred.

    Pumping on the nikkei has been heavy, constant, and glaring, since the 2nd week of sept. It was flat literally for the previous 4 months

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  2. frog2

    Fly i’ll suck ur dick if u get this 1 right

    interest rates going up and low unemployment has to be it

    unless this is the start of a new renaissance we gotta be close

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  3. sarcrilege

    Not yet. Not this year. The kick off will be war in MENA. False flag on one of hte kabbalistic gematria dates gets it started. Just watch.

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  4. acehood

    Can I submit a blog post on GOOS?

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  5. Po Pimp

    Cashed in the $GOOS scratch-off for a nice 20% win.

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  6. dlrago8

    Dr. Fly – are you taking profits in NVDA and switching to a long position? Nice gain and possible to profit on earnings home run.

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