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
20,619 Blog Posts

MARKETS WILL CRASH

At some point, you have to ask yourselves “what the fuck am I doing?” Nothing is in your favour, Sir. This is bullshit, personified. Having said that, the circle jerk continues. Markets flagged lower today by 330 NASDAQS and all of the absolute faggots are offering opinions on the tele today.

This is what I know to be true. We are embarking on a strong likelihood of RENEWED LOCKDOWNS. Hard hit industries, like commercial RE and consumer facing businesses, have endured 50-95% drawdowns in revenues. This is not a tailwind to get behind — because once that wind arrives at its destination — you will be tossed strongly into quickly moving helicopter blades.

I fucked up, gigantically, today.  I had SUNW and sold for a 4% loss and then it immediately jumped 250%. I wanted to kill myself. I ended selling EVERYTHING, booking losses of 3% for the session, and then I loaded up on shorts. I am down 0.34% for the week, closed the session at 70% cash, 100% eager to see this fucker burn to the ground.

Added bonus: BREONA TAYLOR INSPIRED BLM RIOTS TONIGHT. Also, I won round 1 of the FINTWIT elections, amongst rampant voting irregularities. Be sure to dispatch Uncle Rico with the same verve you cast away CORDOVA.

 

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8 comments

  1. soupbone

    Markets should have crashed a while ago. Why now is special?

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  2. heckler

    I bought the dip and voted for you Fly, somewhat reluctantly but I’m willing to admit it.

    I’m 100% sure that in between riots Fly has watched Netflix Cuties multiple times. Will he admit that? Where is his review? WHY IS HE SILENT ON THIS SUBJECT?!

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  3. tradercaddy

    My first thought when I saw SUNW was Sun Microsystems. I rode that one from 1998 to 2000 for huge gains and lost it as I sat on it through 2002 or so.
    I had a flashback when I saw the SUNW symbol.

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  4. one-eighty

    Long ghostly wail, with echo……
    “Liquidate, now ow ow ow, while you still can an an an. Don’t wait ait ait ait ait ait.”

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  5. purdy

    Note that these riots are happening during relatively good times …relative to how things will be when the world is a lot less willing to send us things of value for the dollars we create.

    Will the deep state’s media outlets stop telling ignorant whiners that they are victims after they’ve installed Biden/Harris? How much more challenging will it be for them to restore calm if the dollar tanks?

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  6. tradercaddy

    Fly- Don’t look at SUNW.

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    • tradercaddy

      … could have bought yourself a new tennis racquet plus 4 or 5 Teslas all cash.

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