I sold out of most of my longs in my trading account and bought SOXS.
This is why.
Although I think it’s utterly ridiculous to fret over a 3% 10 yr, I know you’re scared of it. Like Pennywise, I am merely playing off your emotions, hoping to float a few fuckheads and make some profits.
I stepped into some SOXS — because the semis are now in a secular bear market. Good luck trying to prove me wrong — you can’t.
This is a market that was designed to break you. It’s almost May, small plebs, go away.
If you enjoy the content at iBankCoin, please follow us on Twitter
The Purge commences tonight, gentlemen.
Market snaps back on Fly’s short?
I don’t know what is so magic about 3%, but I if you are a saver, you are cheering on these higher rates. I’ve been selling down stocks and moving into money markets.
You can get almost 2%–that’s been unheardof for years now.
Fly,
You still long Overstock. What is your target? Check out Victory Capital VSQTF, right up your ally.