Decent bounce day but I’m not trading it. I sold my TNA at 4am and haven’t looked at the market since 9:30. Well, that’s not entirely true since I just looked at the market now and saw small caps struggling, but not too bad. All of the right sectors are rallying and this could be the bottom, or the end of the faux panic.
Come on people. You know how this ends. We are pretending there are free markets and make believing they game isn’t rigged. Yes stocks will go higher. Yes the Fed will do everything in their power to support stock prices. And yes there will be periods of stress and none of the Fed support applies to your piece of shit Penny stocks.
Into the afternoon hours I’ll likely start buying. I’m u 36bps and the quant is up 1%. This isn’t something to write about in an online bloggery. To truly bottom, we need something spectacular to the upside.If you enjoy the content at iBankCoin, please follow us on Twitter