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
20,414 Blog Posts

Markets Stall and Dump Out at Open

I dumped out of my underperforming stocks this morning and bought an inverse ETF to hedge what I have left — because this open is ugly. The foundation is ok, with commodities strong and bond yields steady — but I always have a hankering to sell short this market because deep down I hate it and want it to die.

There is no hiding from the fact that I hate this market and want it dead. All of my upside plays are mere place-holders for an eventual position betting on end of days. I am 70% cash now and not eager to take on any sized position here — because who knows what the fuck happens? Really, you’ve got to be nuts playing the intra-day rips and dips in a market that is explicitly rigged.

The Dow is +144 and the Nasdaq is -88. Go figure.

If you enjoy the content at iBankCoin, please follow us on Twitter

12 comments

  1. tha pirate

    BTW, did anyone see a quickly deleted, but earlier sent tweet from ‘occasional-Cortex’ who requested that the USA might consider ‘delaying reopening’ so as not to help Trump by strengthening the US economy??

    Gee, I wonder why the fakenews complex doesn’t run that story?

    • 1
    • 0
    • 3 Deem this to be "Fake News"
    • herip18586

      Consistently I am procuring on the web more than $8650 by doing a just online activity from my home. By doing this in my low maintenance I had the option to sufficiently spare to get me another vehicle in only a couple of months. This is so cracking simple that everybody should attempt it… Begin making a few dollars online today by adhering to directions on this site 

      HERE
      Read More

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. roguewave

    The market should dump out. The covid news is worse than we thought.

    Joey B (Biden) recently said 130 million Americans died from COVID.

    Holy cow, that’s 39% of our population. No wonder the roads had been clear.
    It’s good we got rid of church services and funerals – no time! Mass graves for everyone.

    Our best and brightest bubble to the top so we can have them lead our country!

    • 2
    • 0
    • 0 Deem this to be "Fake News"
    • roguewave

      New York just changed their license plates to “The Mass Grave State”

      • 2
      • 0
      • 0 Deem this to be "Fake News"
    • narcist

      Oh, geez, he misspoke! (Wasn’t Biden the original gaffe machine?)

      The suburbs are apparently more comfortable with a mildly creepy senile white man who doesn’t ask them to consume any Clorox-Hydroxychloroquine cocktail as a COVID remedy than with the one that did.

      • 0
      • 1
      • 0 Deem this to be "Fake News"
  3. narcist

    So, in short, Trump’s poll numbers are collapsing and his impotent fanboys are extremely grumpy.

    • 3
    • 0
    • 1 Deem this to be "Fake News"
  4. digobed329

    I am making a good salary online from home.I’ve made 97,999 dollar.s so for last 5 months working online and I’m a full time student. I’m using an online business opportunity I’m just so happy that I found out about it……… Read More

    • 0
    • 0
    • 1 Deem this to be "Fake News"
  5. og

    Bought this morning’s Facebook dip hard. There’s no better advertising than what you can get on Facebook / Instagram and Google.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. herip18586

    Consistently I am procuring on the web more than $8650 by doing a just online activity from my home. By doing this in my low maintenance I had the option to sufficiently spare to get me another vehicle in only a couple of months. This is so cracking simple that everybody should attempt it… Begin making a few dollars online today by adhering to directions on this site 

    HERE
    Read More

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. herip18586

    I am making a good salary online from home.I’ve made 97,999 dollar.s so for last 5 months working online and I’m a full time student. I’m using an online business opportunity I’m just so happy that I found out about it …… Read More

    • 0
    • 0
    • 0 Deem this to be "Fake News"

Leave a Reply