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
23,419 Blog Posts

Here Come the “We Need a Flush Out” Fags En Masse

I absolutely love this job. I’m like a financial detective trying to solve cases every day. If you’ve been doing this shit long enough, you know all of the scenarios and the motivations of the people you’re investigating.

Case in point: futures were up last night and I knew it meant absolutely nothing. Why? Because greedy investors got caught flat footed, leveraged to the hilt, and now they’re being liquidated. Simultaneously, the cynics amongst you always demand major flush outs before heading back higher. It’s just one of those nonsensical things that Wall Street believes in, sort of like hoping to get cancer first, before making a full recovery from the common cold.

So now you have all of these technicians and strategists prancing around Wall Street advising clients to remain defensive until some major showdown between the bulls and the bears takes place, leaving scores dead on the battlefield of speculation.

Meanwhile, I’ll be here watching the whole thing unfold, throwing roasted almonds at them.

This is what I’m going to do today, so listen to me very quietly.

I am going to book profits on my fucking inverse ETFs and then I’m going to take said cash and leave it there, drink a fuckload of coffee, eat a few sandwiches, laugh and make fun of everyone on the internets. And then, once the smoke clears and the last pleb is liquidated from his margined positions, I am going to buy the blood and profit from the pain of others.

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3 comments

  1. juice

    Fly — a master of schadenfreude investing

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  2. indie

    stop with the samiches unnecessary carbs. Go keto!

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  3. gorby

    Are you sure they are margined positions.So much cash around.

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