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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