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
21,399 Blog Posts

THE TRUMP TOP

The DWAC business got out of hand and caused a frantic buying spree into an array of RIGHT WING AM radio and marketing stocks — the likes I’ve never seen. Perhaps the market was bullish on the specter of RADIO RUDY! and BANNON TV. But what quickly was ebullition turned into flammable motor oil dripped down the faces of men of MAGA. The financier of DWAC announced they sold out of their position — the stock ran from $10 to $175 in two days, warrants from $1 to $70. All of this caused the market to heave over and give way.

Every single AM radio stock strewn and shredded. I gave back HALF my gains and hedged via TZA and UVXY as soon as I saw the rapists cavorting. Shortly after, Powell talked taper shit and I sold my UVXY and TZA into that — because the opposite.

I am nearly 80% cash now with small position and very little appetite to risk anymore. It was a nice run, but short lived, and now the market is completely broken — FESTOONED with Men of MAGA with motor oil dripping down their faces.

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5 comments

  1. bambam

    LOL! Proving once again, start something, collect suckers money and then it fails. The guy couldn’t even keep a simple blog going because of low readership. If this launches, which it won’t it will just turn into another hate fringe group. What was that garbage platform they launched like a Twitter alternative? Yeah can’t remember either. Just more garbage

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  2. roguewave

    Albert Einstein and Charlie Chaplin are in a cab in NYC.
    People are climbing all over the car. Faces pressed against the windows to get a look inside.
    Einstein says, What does it all mean?
    Chaplin: Absolutely nothing

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  3. Mr. Cain Thaler

    We need employees to get to work to fix the supply shock.

    We need to fix the supply shock to fix commodities and inflation.

    We need to fix inflation to support stocks.

    But if we support stocks too much, all the workers who left don’t need to work so we can’t get them to work on the supply shock.

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  4. soupbone

    A Trump/Crypto/liquidity top. Time to crack the books and review inflation. People and governments are intolerant of inflation because the damage is permanent to the purchasing power of savings. Hence, a recession is more palatable than excess inflation because the purchasing power increases as economic conditions settle. Expect the Fed to have a personality change in the face of inflation. The very idea of targetting 2% is playing with the devil imo.

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  5. edge

    Jerome says tightening is on track so peeps bought the long end. Old news I guess.

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