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
19,759 Blog Posts

ARGENTINA ENJOYS 1929 STYLED BLACK MONDAY MARKET CRASH

In case you have some friends in Argentina, just know they’re all poor now, unless they were short stocks heading into today. The Merval is down more than 30%. Their banks trading here cut in half. Their currency is for shit — off by 25%.

This has resulted in a minor blip of a sell off here, 250 points, which most believe is due to the protests in Hong Kong.  As for me, I booked an 8.4% profit in DOYU and a 3% loss in LK — a win by my standards. No big deal.

Going forward, I am 25% cash, 25% gold — waiting in the tall grass for fresh meat (no homo).

No one gives a shit about Argentina.

BONUS

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6 comments

  1. mad marsupial

    No doubt some Bag Holders in LOMA AGT ARGT TEO. But they make a hell-of-a-good steak. Time to buy some beef on the cheap.

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  2. numbersgame

    AAPL, NFLX, and MU are curently positive – just about everything else is negative. Very odd that market volume leaders.are tradign contrary to the market.

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  3. trumpmeister

    Argentina mail ordered bribes just got 30% cheaper. More winning.

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  4. numbersgame

    My condolences to your team of misogynists for the recent loss of your star player, Jeffrey Epstein. May he rest in pieces, in the fiery realms of Hell

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  5. roguewave

    In case you have some friends in Argentina, just know they’re all poor now, unless they were short stocks heading into today OR owned gold or owned Bitcoin.

    Anyone who owns a 100 yr bond deserves -0-

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