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
23,445 Blog Posts

WE ARE NOT OVERSOLD: MARKET COLLAPSES IN HISTORIC SESSION FROM HELL

It’s finally over.

Today’s catastrophic decline, off by 6% on the NASDAQ, was the largest drop since March 9th of 2020 — the COVID panic. The good news for bulls, if there are any still alive, the next day stocks jumped 5%. The bad news, it fell 15% from that lift into what we all now remember as the worst tape since 2009.

There is nothing else to say. “The Fly” warned you about being a PERMANENT BULL CUNT. I am 20% long UVXY and unaffected by today’s cataclysm. Why?

I AM A PROFESSIONAL.

I do not lose money in stocks. I lose money in home renovations.

As for those of you who have read me since the olden days and idly watch me winning, but chose not to trade WITH ME during this historic day — might I suggest looking inward Sir. While others might win more than me in up tapes and trade stupidly into froth, Le Fly reigns supreme when the clouds are blackest and the fires are burning brightest.

Let’s hope for the best, but of course expect disaster for tomorrow’s open.

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4 comments

  1. bambam

    I left a while ago and went to cash and I series bonds…

    Leaving it to the pros who have time to watch this shit and trade like you do. I am not a pro therefore I am out. Back to sleepy joe algo vanguard funds

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  2. txchick57

    Try uvix. It goes up a lot more than uvxy. +42% at the high today.

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  3. john galt

    Im here to enjoy the show from the ultimate commentator, I truly appreciate the talent. I dont gamble or play society games, skip it. There’s no stress in building a house, there’s only the voice in my head listening to music all day. Aside from 4 kids homeschooled learning what’s actually important in life, how to live healthy and be a producer for yourself. Pro tip, we don’t teach what’s in your books people. When fallingwater opens again go tour, that’s how life is lived. It’s easy when you don’t chase funny money….

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    • discoordinated
      discoordinated

      Interesting, I’m roughly on the same path. Found most of the instructions in Torah

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