I can comfortably say my cold streak is over. Early this week I got tossed into the blender and sank another 4% on top of the 10% shed in September. I was at my low point and I stared into the black abyss with my black heart and I won. I reversed and went higher — because I stopped chasing momentum. I will no longer chase pennies like a dog after bone and instead opt for more macro strategic plays, until I make back what I lost.
I made +110bps today via a blend of shorts and longs, leaning towards an inflation narrative and short bonds. I am fully invested, but also hedged, and the tape was ugly as a bitch into the final hour. We can expect fireworks next week and we’re not looking forward to it because the market hasn’t been forgiving.
We have a holiday on Monday, HAPPY Columbus Day — a great man indeud who is wantonly hated inside House Fly. Since I’ve never met the chap and prefer not to mold my opinions from scandal — I can only assume he was a great man because of all the fine statues of him around the world. Just like in 300 years people will reflect upon George Floyd and view him as something of a civil rights hero, I too have the opinion of Christopher Columbus that he was a great navigator.
The fact the Indians got REKT and lost their lands is wholly due to their field commanders being fucking morons.
DOOM awaits.
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And of course join Stocklabs — now hosting and analyzing cryptos.
If you enjoy the content at iBankCoin, please follow us on TwitterCORRECTION: Markets no longer close for Columbus Day and instead starting 2022 will close for Juneteenth pic.twitter.com/cIaHBG4Dm0
— The_Real_Fly (@The_Real_Fly) October 8, 2021
So, notional american founder icon
replaced by
ethnic slavery release
Including leverage, I, too, am all in and hedged. What else could be done?
I’m not concerned with garden variety pullbacks so my hedges are geared for the 20% plus blowouts. My mental state is Zen-like here, being that the market is mine for the taking.
we have been in bull market since March 2009
What was the Feb-March 2020 DJI drop (29,000 to 17,000)?
Bull-ony?
I was amazed. The government reacted the way they should have in 2008. I never would have guessed.
He was at a pub playing a game of chance and some Phoenician dude ran out of coin and so tossed some old maps into the pot.
The Germans got REKT too….and they had Rommel
And now look at Germany, CIA vassal state
Smart people. They didn’t want the Euro but made it work for their benefit, their economy hiding behind a POS currency.
Genius.
So I just came across a bizarre thread on twitter where some lunatic seems to be suggesting that he/others are trading UST yields to perpetually buy interest returning coins (ATOM, LUNA, etc) and staking them and I am now like 99% sure that upwards of 9/10ths of the crypto market will not survive this decade.
this crypto bull run has 3 – 18 mos to go, subject to change.
10% will thrive. A few will make amazon look like a flunkie.
Don’t hold webvan.
Gotta be in for now.
You cannot win if you do not play. Steve Forbert
https://www.youtube.com/watch?v=5X5v8xrPwI0
I agree. Still money to be made there but many will be Rekt.
#Let’sGoBrandon!
Using an S Corp an accountant took a $24,000 salary on $200,000 in income, 12% of the total. IRS determined the fair market value of his job was $91,000.
Using an S Corp the Bidens in 2017 and 2018 raked in $13 million in speaking fees. They paid themselves $800,000 in salary — 6% of the total income.
So 12% of $200,000 was unreasonably low, but for a “tax the (other rich guys) guy” (Jim B) 6% of $13 million – perfectly fine.
Not a level playing field.
Your daily reminder that if bonds drop 15% from here, stocks will be looking at a 50% rout.
Specifically the 10 yr UST.
So buy Stonks?