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
19,768 Blog Posts

Market Recovers — Can’t Fight the Fed

It was supposed to go down. After all, the Fed admitted that things aren’t as peachy as they seemed, acknowledging liquidity concerns in the repo markets. The initial reaction to the hint of QE4 was sharply lower, ebbing towards -200. Then people started to remember the faded glimpses of their trading lives, involving the Fed and their meddling, and how it always led to disappointment when trying to bet on collapse.

The Fed is in control and always has been in control since World War 1. The idea that things will fall apart now is simply a reflection of personal disenchantment.

I had taken a hedge in LABD, but quickly recoiled from it and booked an intra-day loss of 2.4%. Today, on this day of infamy, I booked a series of losses, amounting to 6 bad trades of my past 10.

My past 10 trades.

NUGT +6.5%
(MNK -12.5%)
CCO +4.6%
(OAS -11.4%)
ENPH – wash
(CPE -10%)
DTEA +45.3%
(PAYS -9%)
(ECA -7.4%)
(LABD -2.4%)

Hardly inspirational and quite frankly an abomination. But bear in mind, Le Fly runs fast and hard, built from sturdier materials — impervious to the pangs that draw down and beguile mortal men. Just today, my new fridge broke, costing me $205, and to fix my infamous Benz, well that’s another matter all together. Upwards of $6k fixes it, mostly due to incompetence on behalf of my former mechanic. This of course is laying the groundwork for a grande market win. These small peon set backs are merely segues into a much larger narrative, one that has me reigning supreme over you with severed heads tightly grasped into my masculine hands — knuckles protruding outward, white and bruised, from the faces they were punching prior to your decapitation.

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10 comments

  1. it is showtime

    watching the ticks containing infusions are as detectable as they were 4 years ago

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    • alty

      You are incredibly charitable to know what will happen but continue to leave the profits for the dummies.

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      • it is showtime

        70% of my market observations are directed at people with power, that would mean “not you”
        I actually do believe I’m a thorn in their side, whether it’s deluded or not that they read me
        here or zh

        2. There’s no stipulation whatsoever that I’m saying I know what will happen. “wrong”.
        3. Do I speculate? Ya
        4. Am I observing manifestations of what they’re doing behind the scenes that no one else, in news or journalism or blogging, points out? Ya

        If you watch the dow tick by tick in the 3pm hr with decent context (levels, valuations, overvaluations, known vix programs, fang programs, fomc intraday) does it make any sense that the sudden anomalous intratick surges are organic? no

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        • alty

          Why 3pm though?

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          • it is showtime

            Did you just lob the most direct surefire slow ball setup at me?

            RampCapitalLLC
            RampCapitalLLC
            The 3:30 Ramp Capital fund was created during the recovery of The Great Recession. As it has been recognized by financial institutions around the world, 3:30 Ramp Capital has been known to add a mysterious liquidity to the last 30 minutes of trading in the U.S. stock market. 3:30 Ramp Capital is disguised under the cover of High Frequency Traders and policies enacted by the Federal Reserve and Central Bankers around the world. 3:30 Ramp Capital AKA Ramp Capital, LLC AKA The Onion of Finance will always be bullish on stocks NO MATTER WHAT. #RampStamp
            Joined Nov 23, 2015
            71 Blog Posts

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        • cancel19

          It’s the ebb and flow of trading. Don’t read too much on it. Right?

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  2. spaceman

    Ron Paul Warns: US Rates Are Going Negative & The Fed Can’t Stop It

    “I don’t think anything even existed coming close to what we’re facing today,” Paul said.

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  3. moosh

    Le Fly, what do you think about all this Navy talk about certain UFO videos being for real? I imagine you are able to elude such archaic technology such as ours – being as you are SAM, but surely you pass these lesser higher beings in your travels?

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