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

ZERO SECOND WAVE FEARS

Rumors of the markets demise were wildly exaggerated this morning. My sole inverse ETF has gotten clobbered since then. But no worries, for “The Fly” made contingency plans and bought some more stocks — reducing my cash position to 55%.

Today’s big winners are the big losers for the year — airlines, REITs and other industrial styled names. The trickery of the tape isn’t too severe. If you’re not highly autistic, you can certainly grasp a feel of it and make some coin.

I intend to by 5 more stocks by the end of the day, not because I like the market. I don’t. I actually hate it and the host country. But I am trying to lose money. I’ve been trying to lose money for several months now and can’t seem to do it. I buy the very worst stock, all up dramatically throughout the day, and I end up selling them in disappointment the following day for DOUBLE DIGIT returns.

God willing, I will have my comeuppance soon and really find a reason to start drinking again.

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7 comments

  1. soupbone

    If it’s been this long, why start sipping again?

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  2. alty

    Imagine not owning stocks. People have had statues torn down for less.

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  3. tjnyt

    Lets rally towards July 4th will see whatever happens after.

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  4. Po Pimp

    Fly, $FTK, fly!!!

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  5. tjnyt

    After Friday’s drubbing, I was edgy until I went out on Sunday, SOHO was open, bars with folk having good times few with masks. I said everything will be fine, and so it was today, $BA & banks lifting the boat.
    We are set to have Macy’s fireworks on the 4th, rally time, banks, semis, airlines, F the virus.

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  6. tjnyt

    The human mind and their culture advance when stressed by climate and geography, travel, and system of government. Balmy weather and plenty of food prevented higher development in Africa and South Asia. The microprocessor in our brains works better at cooler temps, has no cooling fan.
    Those asking for more moola and easy life will condemn their future generation to lower IQ and all that is associated with it. The competition in this crowded caravan of humanity is getting intense. Survival of the fittest, remember neanderthals? Please choose wisely.

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