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
19,984 Blog Posts

Give Me Panic or Give Me Warren

The past week has been uneventful for me. I haven’t put my heart into trading, partly due to end of year malaise and partly due to my disgust in a one way tread higher. The 3x Semi long blow job ETF, SOXL, is higher by 180% for 2019. In other words, you could’ve tossed your entire account into a 3x upside ETF and gotten rich inside of a year. I thought these things were designed to burn hot and destroy investors? It looks to me like these are fantastic long term vehicles for wealth creation now. In a low volatility environ, what could go wrong, after all? The commissions are now zero and the Fed is in the wings eagerly waiting to ejaculate onto the faces of investors. There is little to no resistance on the way up. Companies are borrowing as much as they can for as little as they can in order to buy as much stock as they can in order to BOOST earnings, artificially.

BTW: You have 3 days to enroll into Obama-Care and get fucked on premiums.

I’m tired of this repeat. I want impeachment and then fires. Or I want fires now and then impeachment. If I can get neither, elect the Indian Warren and have her raise taxes so high the market explodes, literally explodes, and rains down ash upon the people — burning the weak ones to a cinder.

I cannot apply my God given talents in a tape like this — wholly dumb and incredibly monotonous. It is not a puzzle, but merely an exercise in who can be more degenerate and leverage the fuck out of a tape that cannot lose. Because of this, I bear witness to the dumbest of men presiding over $50m brokerage accounts — living fat and hoggish off the land of Trump whilst clamoring for Mueller reports and faggotry of an industrial nature.

I want the waters to flow black and the blood to pour heavily — markets disjointed and collapsed under the weight of 100,000 retards infinitely leveraging themselves into oblivion.

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4 comments

  1. fxtradepro

    The environment is ripe for another Long-Term Capital Management event. Somebody out there is swimming naked.

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    • jbandy

      So what if there is a “Long-Term Capital” Event? It will be a great buying opportunity as we all know that the Central Banks will ride to the rescue and bail them out. What bears fails to understand is this is a new era of hyper-interventionism where policy-makers simply won’t allow the economy/financial markets to decline.

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  2. awanka

    Charred wreckage and plumes of black smoke, Mr. Fly.

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  3. numbersgame

    “I want the waters to flow black and the blood to pour heavily — markets disjointed and collapsed under the weight of 100,000 retards infinitely leveraging themselves into oblivion.”

    Ditto.

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