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
23,430 Blog Posts

STOCKS SOAR; FLY WINS AGAIN

Yesterday stocks took a turn for the worse and I got antsy, hopped off the crypto bandwagon, and I even shorted semis. Today, upon seeing markets recover, I immediately closed out my semi short and added a few crypto proxies to my ledgers. I will have you know, “The Fly” now finds himself handsomely situated in a pastiche of well performing equities, all very honorable and distinguished. These last 5 weeks have been so good, I’ve all but stopped looking at Sharpe ratios and have regaled myself in perfidious degeneracy — all done with the proper decorum and zeal that a gentleman of my station is accustomed to.

It seems I am all but a one man band at iBC again, which is perfectly fine. I went into this foray into financial literacy by myself and intend to exit by myself. Over the years, I’ve tried numerous avenues with the site, but at the end of the day, it all comes down to trading and whatever the hell I’m doing on a regular basis.

I think Bitcoin bounces with vigor this evening, which will lend to some bullishness for crypto proxies. I am long OSTK and XNET for these purposes. I also own NXTDW, and have for some time now, but in a very small and insignificant manner.

Stocks are higher by nearly 300, Nasdaq 70. The govt will likely shut down soon, not because our politicians are assholes (which they are), but because we are running BUDGET DEFICITS. Blame politicians all you want for not striking deals. But the fact remains, if we weren’t running budget deficits, the President would not need last minute deals done to keep the government running. Blame the boomer generation, an absolute pox on this timeline, a tawdry band of perverts, drug addicts, and sexual harassers.

Everything I own is up, sans 1 or 2 names.

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10 comments

  1. ferd

    Blaming a generation is idiotic ..as are most generalizations.

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    • Dr. Fly

      Hi Boomer

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      • bennyhill

        Worst thing the boomers did is exacerbate white flight and urban sprawl, populating the suburbs with large homes in boring places like Princeton.

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        • MSGT HARTMAN

          You were raised in a lily white neighborhood in a lily white town with a lily white Mayor, went to a lily white school and have lily white friends.

          I say this because if you knew anyone of color you would know that we fled the inner cities faster than whites in greater numbers settling in once lily white neighborhoods where it is safe to raise children.

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          • sarcrilege

            You then must be George Jefferson, the local dry cleaner, the husband of Louise Jefferson, Edith’s best friend.

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          • bennyhill

            Nice try, but I attended a high school with over 30% african american and hispanic kids any my kids are in similarly mixed schools.

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    • acehood

      You’re generalizing, fuck face

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  2. edge

    Don’t mess with my SS Morons. I’m warning ya.

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  3. edge

    Oh. UDOW. Good place for spare change.

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