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
17,841 Blog Posts

FUCK — THE ANIMALS HAVE ESCAPED AND CRASHED THE MARKET

Of all days to crash the market. “The Fly” is out sauntering about NYC, enjoying the climate and the food — all the while wild roaming beasts crush the skulls of our robotic overlords.

I only have LABD, NUGT and lots of cash to hedge. I haven’t checked my quotes to see if I’m surviving the melee.

Is gold offering save harbor? Will Le Fly live to saunter in Paris this summer?

Please fill me in in the comments section, as I am no longer able continue this communication.

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22 comments

  1. tmmdn0

    All I know is, my MGTI and GBTC are exploding higher like the Bellagio fountains.

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  2. numbersgame

    Gold: +0.5%
    Nasdaq: -1.9%

    The Horseman of have run into a field of pikes:
    GOOG, AMZN, NFLX, MU, down over 4%
    FB: -.7%
    AAPL, MSFT, NVDA: -2%

    And anybody who didn’t learn their VIX lesson the first time is gettign killed: +14%

    What is really casuing WS to sh!t their pants: US Treasuries are also down (TLT -0.35%). That shouldn’t be happenning duting a 2% down day…

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  3. ferd

    While talking about how the Iran deal is the worst deal in history, Trump’s affirmed his fealty …to Netanyahu …and to the neocon plan for the big war …with Iran:

    “They’re not going to be restarting anything. If they restart it, they’re going to have big problems, bigger than they ever had before. And you can mark it down,” the US president said.

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    • ironbird

      Everytime with you ferd. Why does everyone picture Bernie Sanders when you freak out again. Crusty old commie out of touch with the new reality. It is rhetoric.

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      • ferd

        Yeah, crazy rhetoric. And it’s good trading to fade crazy rhetoric ….except when it comes to the mid-east. In that particular region, you should not fade crazy because DC is occupied by AIPAC. Anyway, congrats on your most lucid post to date. Stay on the new meds.

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        • heckler

          Ironman is doing good lately! His Obamacare must have kicked in

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  4. sarcrilege

    What crash? I look, it’s 2%. We need minus 5% in 10 consecutive trading days to get excited about crashed market.

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    • doughjadank

      Since the XIV blowout: Who put this volatility in my market? Who put this market in my volatility?

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  5. numbersgame

    Is it just me, or is anybody else hitting
    “http://ibankcoin.com/flyblog/2018/04/24/just-like-futures-roof/”
    Page Not Found

    Also, here’s a rule of thumb about voaltility, just divide by 7 (?52 weeks) to calculate the expected weekly move. So if VIX is 10, that means a “normal” move is ±1.5%, and a VIX of 21 means you should expect a weekly move of ±3%.

    Daily move, divide by 16 (?252 days)

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  6. infinitezuul

    Relax everyone RELAX. Crashes are part and parcel of a bull market.

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  7. awanka

    You have been fed scurrilous lies, Mr. Fly. It is a peaceful and plentiful day in the markets. Why, I’m looking out my window right now, and do not see any crazed wildebeests or rampaging giraffes. As you were. Enjoy your day in the city.

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  8. joe mama

    “It’s just a flesh wound!”

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  9. gatorsun

    gbtc MARA

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  10. roundwego

    Libor just keeps marching higher. And lord rothchild declared US will have higher rates.

    Miners suck ass, when oil is high. But gold spot will rip higher now that the central bank gold shuffle is done.

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  11. joyous__ending

    Vive la France!
    I’m opening a bottle of red right now, toasting Macron.
    What a man, America’s new best friend!

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  12. Lyndon Keltner

    Now the pros are looking at the 30-year yield. We are likely going to see the 3.25% print in the coming days.

    The question is, will that be the top for at least some weeks? If not, bigger crashes a la those of early February shall recur.

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  13. ferd

    Your taxes at work in Israel …soldiers enjoying mowing the lawn https://www.youtube.com/watch?v=EjTkJIPKj80

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    • sarcrilege

      At least it’s a good thing that we have all these good, nice but outraged amerikan jews speaking out against these crimes and demanding that Amerika bombs that satan’s filthy backyard Israel.

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  14. gappingandyapping
    gappingandyapping

    Long oil short tech. Short tech into oblivion.

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