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
20,344 Blog Posts

LOSSES MOUNT MID-SESSION, NOT EVEN THE TEXAS RAILROAD COMMISSIONER CAN HELP US

It goes without saying, you DESERVE a claw-hammer to the fucking brain for buying the market on a -701k jobs print. Listen to me closely, more than you’ve ever listened before.

WE ARE GOING TO PUNCH THRU THE LOWS, and much much more. Life as you know it already changed, you just don’t know it because you’re living thru it and in a fantasy world filled with whimsical Fed-Bucks.

Markets are lower by 200 now, not much of anything to be honest. But I am looking at other things, more specific with debt and how the CMBS market is shredded to bits and pieces. I realize the Fed will end up owning it all, including junk and stocks. But for the sake of doing what is right and just, I am NET SHORT here and positioned headlong into an array of old man stocks — consumer staples — based off the idea the plague will never end and this is the end game, the egregious ending of mankind at the hands of Bat-Soup.

In the event that doesn’t pan out, I’m nimble and will quickly reverse course. But for now, I see nothing but dark shadows and traders getting HOT ROLLED AND STEELED under the weight of their mindless hubris.

The Texas Railroad Commissioner could not be reached for comment.

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25 comments

  1. edge

    Got my straddle. Gimme movement.
    Watch those ETFs. Especially the levered ones. I wonder when the treasury would buy equity ETFs.
    Boggles the mind.

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  2. metalleg

    Are any state Railroad Commissioners available for comment? Let’s not leave it to Texas alone. Doesn’t Arkansas, Mississippi, or Louisiana have Railroad Commissioners who can get on the horn with the Saudis?

    Come on!

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  3. numbersgame

    Not boolish?

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  4. numbersgame

    Haiku time!

    “Tesla”

    Model S: good car
    Overhyped, overpriced stock
    Pychopath leader

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    • numbersgame

      1) Musk is taking advantage of a pandemic for marketing. He said that he would buy ventilators (needed) for NY, but bought uselss (and cheaper) CPAP machines that the manufacture said wouldn’t work

      2) Musk kpet his factory open, increasing the potential spread of the virus, becuase he deemed it essential to public safety

      3) Musk promised a sub for the trapped miners in Thailand, but when that idea was totally unworkable, he instead called the *actual* helpful rescuer a pedophile

      4) Musk markets his driving-aid systems as “Autodrive”, even though the general public understands that word to mean “no monitoring necessary”

      5) Instead of fully testing the Autodrive features on closed courses, Musk takes the Boieng approach, and puts the genral public in danger with untested systems. I don’t think any other automaker has **any* deaths due to their driving aids malfunctioning, but Tesla has had several (a dozen?)

      Conlcusion: Musk is a psychopath

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  5. awanka

    Prideful traders will be given the Longshanks treatment, Mr. Fly.

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    • numbersgame

      I guess we’ll see about that becuase I’m heavily short oil stocks now.

      Of course, with prideful leaders on the other side, the cosmic karma is balanced

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  6. Mr. Cain Thaler
    Mr. Cain Thaler

    The $VIX is collapsing. This is not because we aren’t going lower (‘fear index’ is a misnomer). Rather, the VIX is collapsing because there will be no volatility in this next move. We are going to cut lower with the clean precision of a high end knife.

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    • alty

      Didn’t you give up blogging on this site 4 years ago? Your crystal ball suddenly started working again?

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        It was 5-6 years ago. I had finished with an oil trade that went horribly wrong and then I’m afraid the quality of my writing suffered greatly; not necessarily from the oil trade so much as I was wrapping up graduate school and the only good stock idea I had was “buy and hold any index and don’t pick individual stocks right now”.

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    • numbersgame

      Agreed. The minefield is cleared (well except for the collapse of yet another one of Trump’s potential deals: NK, Iran. Chian, now oil), so that is good news

      Unfortunately the promised help won’t be enough, so the patient will still bleed-out.

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  7. alty

    Range bound is the new collapsing.

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    • numbersgame

      It was only 2 months ago that bulls would look at 1.5% down as a “crash”.

      Now we are down 5% since the EoQ crunch, and bulls are content to boil in the water without a care in the world.

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      • alty

        And flat since the 16th. We playing the arbitrary start date game again?

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      • alty

        I’m down 15% from high watermark mid Feb. would honestly love to know how that compares to those who called the pandemic and subsequent crash.

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    • edge

      You to. Damn.

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  8. traderconfessions
    traderconfessions

    There is no hope. Fortunately for me, I’m a skilled fisherman and falconer who can harvest food as needed. My Labradoodles are now trained to kill small animals and any virus-riddled NYC idiot (Cidiot) who crosses my property line, save those who carry rye bread. The market has a trapdoor waiting for the arrogant and prideful. Step up and meet your fate.

    BTW… if you haven’t watched Gov. Cuomo give a press conference.. do so. That’s a freakin leader.

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  9. tjnyt

    WB sold airlines and I am long, also long energy, BAC, WFC, BA call(reload), casinos.
    Let’s see if world’s biggest casino goes bust Monday?
    Expecting COVID carnage to ease Monday, at least in Europe if not in NYC.

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  10. sgdw

    [ Work At Home For USA ]
    My last month paycheck was for 1500 dollars… All i did was simple online work from comfort at home for 3-4 hours/day that I got from this agency I discovered over the internet and they paid me for it 95 bucks every hour………Read More

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