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
23,474 Blog Posts

MARKETS HAMMERED TO DUST INTO THE CLOSE

We were having a jolly good day up until it all ended. Not sure what the news was, but perhaps it was Pelosi releasing a statement with the intent to BOYCOTT CHINA in the 2022 olympics for “human right” issues. That is rich. This further confirms my theory that Trump’s hard on for China had nothing to do with his feeeeelings, but official US policy. Like a dog, he was instructed to fuck with them and appear to be unhinged. Now the US govt is affirming those feeeeeelings with another round.

I was fortunate to be mostly in cash towards the end of the day, only diving back in for a foray in some materials. I gave back 40bps and closed up 347bps in what can only be described as masterful trading, booking 18 of my last 19 trades for profit.

Into tomorrow, I suspect we will bounce back — but would not be surprised if we faded — depending on the news.

Off to tennis.

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4 comments

  1. it is showtime
    it is showtime

    Where’s that trip back to 4230s. fedmUthers.

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  2. purdy

    “Off to tennis” …yeach.

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    • moosh

      What’s wrong with tennis? I guess you kind of have to have eye-hand coordination and basic athletic prowess to be able to play against someone else. But what’s not to like about playing that sport?

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      • purdy

        Nothing wrong with tennis. I merely want Fly to be able to visit his NY roots without have the piss beat out of him for conjuring images of an old fart with white shorts and semi-transparent tennis shorts.

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