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
21,324 Blog Posts

Into the Meat Grinder

Everything you loved and cherished yesterday has been destroyed today. Those oils and gold stocks, maybe even a dash of steel —- bogged and fuck out of the market. Now we have mixed divergences and trickery largess, so follow the bunny rabbit into the hole and see if you can make it out alive.

I am, of course, down 100bps, almost righted the ship for a minute or two but then quickly engulfed myself into 3 new buys and 3 new losses. I haven’t traded too much today — as I have resigned myself to fate, which probably wont last too long.

While we wait for markets to improve and for our lives to revert back to normal, I’ll eat a sandwich.

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