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

REVENGE OF THE NERDS

The Ruble is down 10% today. The US seized an Iranian oil tanker. AVGO is buying BRCM. NVDA is green after collapsing 10% last night. All of the leadership tech stocks and also the trash ones are up. Even the meme stocks are going again.

Q1 GDP was revised down 1.5% from 1.4%, yet no one gives a fuck.

See what’s happening? The nerds are attempting revenge and you can find said nerds in the most heavily shorted stocks.

I allocated into heavily shorted stocks, reserving 40% cash for eventualities. It would seem, at least early on, markets want higher.

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One comment

  1. purdy

    Are Chicoms better capitalists than what we have devolved into? Burritos outperforming for a while now.

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