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
23,426 Blog Posts

ALL IS LOST: Ten Year Treasuries Rise Above 3% — The Game is Officially Over

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.

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4 comments

  1. acehood

    The Purge commences tonight, gentlemen.

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  2. acehood

    Market snaps back on Fly’s short?

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  3. stocksnblondes

    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.

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  4. cash cow

    Fly,

    You still long Overstock. What is your target? Check out Victory Capital VSQTF, right up your ally.

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