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
21,503 Blog Posts

CRASH ALL OPENS

Markets are careening lower and the speed at which it’s happening is too alluring, which means no good. At the open, as I always do, I sold everything, including my TZA hedge and now sit in cash, +36bps for the session.

Any moderate momo oriented portfolio is down 3% now and getting worse by the minute.

However, the fastidious nature of this drop leads me to believe a counter rally is going to happen soon. But I’m not brave enough to play it. No not me. I prefer sure things and the comforts of cash, watching Rome burn.

I’ll play later on after the rally.

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4 comments

  1. trumpmeister

    Crash it! Let’s go Brandon.

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  2. emersonlakepalmer
    emersonlakepalmer

    Helen and Irma have rotten crotches

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    • irma vep

      Okay. You’re making me laugh now you Tourette’s scribbling old reprobate. I guess you can’t help it.

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  3. it is showtime

    Vix held +3 then +4 pushing +5

    m o t h e r
    F U C K E R
    S

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