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
22,033 Blog Posts

ALL RUGS WILL BE PULLED

It was a very nice market — wasn’t it? For a moment there after Fed’s Powell started to TALK SHIT the markets crapped out and many of you dove headlong back into the concrete pool SHORT. You SIR were of course wrong. We could be in a bear market and still feel like things are getting better and how stocks might, dare I suggest, go back to record highs. These are lies and what you need to understand is — the world doesn’t work according to your fucking schedule.

For example: The morons at Tiger Global, who have become billionaires being morons whilst I blog and tweet all day with other morons, sold out from $20b worth of nonsense — booking LARGE DICKED LOSSES. This is a bellwether fund and Chase Coleman III is a well respected moron in the hedge fund industry. It would not surprise me one bit to see the market fucking V shape into his stupid face now that he’s out. Who knows what was happening? Perhaps a cabal of jewish bankers got together in a dark boardroom and plotted to eject the one WASP left standing amidst their playground. Or, maybe he just got it wrong and needed to sell and it’s all coincidental.

To us it means nothing at all, background music. This is why it’s important to not be an ideologue when trading. Leave your politics and your passions at the fucking door and trade to win every day. Take the Ws the same as the Ls and try not believe too much.

As for me, I am doing splendidly. However, it’s worth noting, Mr. Coleman III is probably doing much better but feeeeeeeling much worse.

Funny how that works.

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11 comments

  1. metalleg

    Fly, no interest being one of them?

    I ask because you have a distinct advantage by knowing what you’re doing and them absolutely not knowing what they’re doing.

    You already have traction in terms of a public profile, albeit as an insect, so you’d have to reveal yourself but since your track record stands above everyone else, you would certainly attract a lot of money.

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  2. bambam

    How does one trade so much and do so well and avoid the hellish short term cap gains?

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  3. roguewave

    This is a smash and grab market.
    Steal a sledge hammer from hardware and head to the cases in the jewelry department. It’s an all you can carry sale.

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  4. Orson

    I don’t think so, as nothing is forgotten.
    We will atone for the sons of the past.

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  5. tha pirate

    Happy May 18.

    The reverse Cramer ETF is up a TON, the bearded clam has a new book and Brandon’s teleprompter crew is wrecking America

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