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
18,346 Blog Posts

STOCKS SWAN DIVER LOWER — INVESTORS BOARD THE ARK AND SAIL AWAY

What a stupid fucking moron I am. I sold SQQQ today, basically at the lows, even chided some faggot on Twitter about buying it, and then went to spend a few hours building a Rube Goldberg trading device. When I got back, markets had already collapsed and my fucking clothes fell off from the shock of it all. So here I am, a very naked Fly before you, bereft of trading acumen — just a guy and his fucking Rube Goldberg trading device.

Stocks are plunging lower after President Trump seized power and placed Homeland’s Carrie Mathison in charge of the CIA — charged with waterboarding people for sport. Also, he placed an anti-Iranian spook in charge of the CIA — which is the equivalent of placing an auto mechanic in charge of flying an airplane. Couple that with Trump’s protectionist policies in America’s steel industry and one gets to think he’s preparing to take the country into a gigantic fucking war.

Three places of solace are dollars, treasuries, gold. In my quant account, I am long both TLT and GLD — other than that I am taking hits.

In my trading account, I have a handful of positions and mostly cash. People who do not know how to read a tape should always be in cash, so that is where I am until I learn how to trade again.

If you enjoy the content at iBankCoin, please follow us on Twitter

5 comments

  1. it is showtime

    “Oh”
    “Get ready for recordhighs though”
    “Right?”

    “Oh”
    “They’ve been wrong forever. Stocks go up forever”
    “Right?”

    “Wait”
    “We just went up 400 because it was reasonable and justified”
    “Right?”

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • WrongView

      What was the value of the SP 500 when you first warned us of the coming apocalypse?

      • 0
      • 1
      • 0 Deem this to be "Fake News"
      • it is showtime

        We said either reset now, or reset later with 2x 3x implications. So the assertion is just wrong. We said, “fine, boombust#3 will just be delayed and bigger”

        Secondly central programming was implemented. I didn’t realize that initially [L o l] but identified soon after.

        You want to couch it as a birdbrained numerical misstep, you just look stupid

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  2. desertfox

    Better nude and bereft of trading acumen than nude and chopping carrots blindfolded with your testicles on the counter-top, days after throwing away your seizure meds, and 48 hours into an alcohol and Three Days of the Condor binge. 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. dragun

    Maybe this is Trump’s strategy. Move these people into position only to fire their asses in short order and drain the swamp. Give it 17 days or so.

    • 0
    • 0
    • 0 Deem this to be "Fake News"