iBankCoin

The Blood is Flowing Heavily Throughout the Streets

Yawn.

I just got in now, since I had a previous engagement. I come back to this — markets in turmoil — gold bugs squashed, oil men slicked up and lit aflame. It wasn’t supposed to be like this — but here we are. There are exceptions, naturally. I have my penis sizing stock, MYSZ, erecting higher. And my all but bankrupt REIT, RAS, also higher. Just about everything else is sharply lower — especially all of my haughty well to do gold stocks and triple leveraged miners, which were supposed to bring me great fortune, by the way.

Biotech stocks seem to be doing very well, all things considered.

So what exactly is happening today?

Gold is down all but 1%, causing the weak bugs to scurry for refuge. Oil is off a staggering 1% as well, which is causing a great panic. The dollar is dead cat bouncing v the euro to the tune of +0.6%. And the German Dax is knifing lower — down 0.12%.

Our losses are sprearheaded by horrific declines in both AAPL and FB, both of which are down ~1%.

Any questions?

This nothing pullback is literally causing a panic, with the UVXY +10%, because we’re coming from overbought levels. This is the definition of go eat a fucking sandwich and come back when things look brighter.

Off you go.

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4 comments

  1. paradox

    There is no world in which, barring nuclear catastrophe, that we trade down this week overall. Fed, all big name tech earnings, and jobs Friday. People selling theta will probably be the real winners, but for me just diddling with some range plays.

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  2. edge

    I like call options right now. The rally has legs IMO.

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