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
23,563 Blog Posts

Stepping Aside — On the Other Side of the Wind

55% cash heading into the closing bell. Today’s action was rudderless, distracted by Trump’s attorney being questioned by Congress on live teevee. The spectacle of it all is almost too much to bear — but I witness it and take it all in and it conveys something that I already knew. We’re living through a transition period, Americans hating one another almost as much as Yankee fans hated the Mets circa 1980s. Now the Yankees just feel bad for the Mets, who’ve proven themselves to not be formidable.

When everything is reduced and the clowns stop juggling and the people stop masquerading, the imposing question is — ‘WHO LACKS SUBSTANCE and is formidable?’ — a force that can reckon him/herself upon the American people and win through policy change?

Everything else is theatre — bickering amongst children. ‘What can move stocks?’ is the question you should hone in on — save the rhetoric and the dissipation of dignity for others of a lesser cloth.

For the day, I sold GEVO at +15% from basis and bought CHK.

Into the twilight in America, Le Fly tips his hat and bids you farewell for the day — top picks being CHK, SOLO, and VIPS.

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7 comments

  1. it is showtime

    3:14p
    BARRON’S The S&P 500 Really Doesn’t Want to Drop

    Lay off the stinkweed Barron’s. Drivel propaganda.
    same psychological-logic 4 years ago. u r wrong.

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    • edge

      Gun to head, I’d have to bet that Barron’s is right. As long as the money flows in markets will keep going up. And there is a lot of money and little fear.

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      • it is showtime

        False premise. The indexes don’t want to be at full blown bubble vals. The rigged component became empirical, like 2014? A glance at months/years of intraday patterns show it.
        Indexes want to slump, Ppt programming underlie Barron’s conflation-demagoguery

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  2. rigged game

    Jim Jordan is a piece of shit faggot who wishes
    he was in the shower being massaged by the Archbishop.

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  3. rigged game

    The Orange Felon-in-Chief once again proved he is the worst negotiator the world has ever seen. He high-tailed it out of the
    meetings with Kim without gaining a single thing.

    This clown couldn’t negotiate his way out of a 2-hole privy!

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  4. edge

    TRUMP LEAVES HIS LOVER
    I’m leavin’ on a jet plane
    Oh babe I hate to go

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