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
22,168 Blog Posts

Careful of Rug Pulls

Gains are being enjoyed exclusively in larger capped stocks and the overall indices are nothing more than circle jerks for AAPL, MSFT, FB, NFLX, NVDA and AMZN. Ignore them. In the real works the The Stocklabs 4000 index is DOWN 0.42%.

I am still 95% cash, intent on adding BITO calls because there is a blessed chance, mind you, that Bitcoin is on the verge of partaking in an enchanting run to $100,000. Or, none of that shit happens and I simply lose the money invested. I am perfectly fine with either outcome.

As for the markets are concerned, anything I do will be hedged with an inverse ETF.

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