Yesterday people offered condolences for having been HOOKED in a variety of triple inverse shorts. Today I cut off their fucking heads and used them as ashtrays for my victory cigars.
Any questions?
See pal, let me describe to you the type of person that I am.
I do not cry or give up or wait in cash like a fucking pussy in order to get my bearings straight. I take the hits like a fucking man and get right back out there with my machine gun and start killing shit again.
What did I do — you fucking asked? You have the nerve to interrupt, so I’ll just lay my nuts on the table now.
BAM!
sold $JWN +24.6%
$WW +16.4%
$ALLY +13.7%
$STWD +18.5%
$H +14%
$TREE +10.1%
$SQ +7.7%
That’s who I am — big dick swinging machine gun toting killing machine. I’d say I rose from the ashes like the Phoenix, but only pussies get reduced to fucking ashes. I am a Master Ace Trader (M.A.T) and there’s really nothing or no one that can stop me.
Will I take a well deserved nap, or perhaps ride my mountain bike around town, menacing people with my maskless face? Perhaps. But I’ll be back before long slapping my nuts right on the table again, believe you me.
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Range is hot!
That’s what I named Powell, “Phoenix”.
30% up day for me, sold and reversed …. a little.
In terms of COVID-19, it’s not NY that has surprsing action but California. My prediciton of LA being worse than NY will be off by an order of magnitude. It was a …bold call at the time I made it 2 weeks ago (if I’m being generous) and well above the IHME’s original estimates
I based that prediciton on CA’ 50% postive rate, but that rate had dropped to 7% as the test-in-progress backlogged plunged and tests went form 27k to 113k (when I checked). I assume that the reason is that the original results were exclusively from in-state labs and mostly hospital in-patients, while the newer ones are from commercial labs with less stringent test requirements.
Still, the results surprise me: CA is still on pace to do better than most states when you factor in the population size. Considering that an asymptomatic trainer gave the virus to a damn tiger (and probbably a lot of lions, too, judging form the article), I guess most people are takign the order stay-at-home seriously in the Sunshine state.
Also, the altest IHME model has cut a week off the 1000k death zone, so that is good news. Will we have mass-testing by that point? We’ll need to have significant testing among asymptoamtic and negatieve cases to have any chance of keepign the virus contained while lossenign restrictions.
Thank you for all of your contributions to the discussion here. The board all benefits whether we agree with you or not.
Thanks
Given the scale of this most recent rally, I still don’t know if it is just Wall Street jerkign aroung retail invesotrs for anthoer fleecing later or if the pros are actually pricing in the long timeline of these stay-at-home orders. This FED action is much different that their last one (in terms of benefits).
Jamie Dimon and JPM are forecasting a deep recession, while Morgan Stanley says great time to buy so maybe they don’t know either.
Unsure what can be “baked in” with all the unknowns.
Yes, but there basically only three choices:
1) long
2) short
3) cash
Unless you are in positon 3, then you either have to make assumptiosn about the unknown or just gamble on the wisdom of the trends.(on multipel timeframes)
“The truth is that for all the highly convicted debate – especially among the bulls none of whom foresaw this crash but are now absolutely certain it is ending – nobody knows what happens next, especially since following the Fed’s latest barrage of market bailouts, any link between asset prices and underlying fundamentals has been completely severed and replaced with Fed promises, backstops and excess liqiudity which is keeping all risk assets propped up artificially at least until a new round of questions about Fed credibility emerges.”
https://www.zerohedge.com/markets/nomura-nothing-more-giant-bear-squeeze-rally
Speak for yourself. Thanks!
Lol
Hey, don’t feel jealous wolfy. The board would be less entertaining if it wasn’t for closet homosexuals like yourself adding color commentary.
To be clear, I don’t mean that as an insult: I’ll defend you on this board when you finally come out.
fed
https://www.corbettreport.com/interview-1533-john-titus-exposes-the-feds-coronavirus-lies/
cov
https://www.armstrongeconomics.com/world-news/press/citizen-journalists-are-poping-up-everywhere-to-show-the-media-is-intentionally-created-fake-news/
Yeah what the hell, I’ll double down. Added 5% to my SPXS position. I’ll hold through earnings season. Central banks are all forecasting recessions now and the coronavirus “top” is in the first moment, not the actual cases.
Social distancing and isolation are working in slowing the pace of the virus. That means we have to stay in doors, people…
This is the full statement on the FED’s new program (from yesterday):
“To facilitate lending to small businesses via the Small Business Administration’s Paycheck Protection Program (PPP), the Federal Reserve will establish a facility to provide term financing backed by PPP loans. Additional details will be announced this week.”
So the size of this program is explciitly limited to the size of the PPP loans ($350B). There is no leverage here.
There *is* a liquidity bonus, because the participating banks get to hold the FED fudns on their books instead of loans.
There doesn’t seem to be any risk transferrence, becaue the FED isn’t *buying* loans, they will just accept them as collateral – with a likely haricut. (For those interested, here’s the page on the FED’s barbershop rates in 2008-09:
https://www.federalreserve.gov/monetarypolicy/bst_ratesetting.htm )
Most importantly, this deson’t help the liquidity position of the samll buisnesse because the banks still have to ***actually** make the loans before they can offer them to the FED, so it doesn’t seem to speed up the process, either. (To be clear on this point, the orignal Congressioanl bill DID help small businesse by amking these forgiveable loans avaialble, but I don’t quite see how the FED is improving upon it).
Not holdign my breath, but anybody want to help me out here?
Since you asked so nicely ….no.
Sorry I that i confused you: this message was directed to people that acatully had the ability to understand the topic at hand.
Well …since you apologized …the answer is that their intent was other than amking samll buisnesse able to function.
That’s usually the primary intent, but in this cas helpign the banks may have been the *only* intent.
As OG piointed out (it’s also on ZeroHedge), the current program is oversubscribed, which makes the FED’s entrance even more unnecessasry (unless the loans were rapidly increased in the last 24 hours).
BTW, the reason I said “Not holdign my breath” is not because I don’t think other readers *could* offer insight, just that based on past experience, most *don’t*.
In the interest of not leading anyone astray, I should probably clarify that I am technically very very long stocks as most of my net worth is tied up in 401Ks where I refuse to actively trade. I just rebalanced those 2/3rds away from US equities into foreign stocks to take advantage of the dollar strength and when this crisis eventually does end to pick up the gains from the dollar going back to the old balance.
I’m shorting the market hard in my old trading account because it’s insurance against some really fucked up things. My wife lost her job briefly (she just got called back to work in a hospital – yippee – but could probably be out of work again depending on how things go) and any situation where she stays out of work / I join her probably involves a deep and painful recession.
If your life savings are in your trading account, I wouldn’t follow along.
Supposedly they are adding another $200B to the PPP. Very good for small businesses if we can actually get the money. We have not laid off or cut hours for any of our employees yet. It will definitely depend on if these loans come through or not.
What industry and state?
So far I’m seeing non-essential healthcare are being furloughed, engineering is sort of a mixed bag based on what you’re in, and automotive is getting absolutely destroyed.
Re The Ark: I hope y’all have abandoned ship.
I am boarding the next train/Ark lol..
What happened to our resident scalper, taking crumbs from the futures market. Dick guillotine yesterday?
I don’t think many people trade futures here but then I’m not a resident.
Took a 40-point hit on the short scalp, albeit not a large position but it did hurt.
I made a good chunk without the benefit of crude move.
Good move on taking some of your gains. Knowing whether to “Sell high” or “Let your winners run” is second only to “Cutting your losses” vs “Buying low”
That oil move has reversed, as it was destined to (I’ve held all my DRIPs even as it has ruined my mangled my accoutn in the short term). Looks like they aren’t goign to even wait for a disappointing Thrusday.
Good to know nobody gives a shit about those oil men again. That was so four business days ago.
I feel horrible for portnoy. You just know his balls were squeezed so hard he capitulated probably around the high and now BA is 20 points lower. I thought he would last at least 6 months before a blowup
I feel horrible for the parents of the only child under 10 to have died in NY of COVID-19, but I guess they weren’t (a)lpha male heroes…
FYI, a lot of the 3x funds have been converted to 2x funds on April 1, including
gold: NUGT, DUST, JNUG. JDST
oil: GUSH, DRIP
You’re welcome
http://www.direxion.com/press-release/change-in-investment-objectives-and-strategies-of-ten-daily-leveraged-and-daily-inverse-leveraged-funds