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
22,158 Blog Posts


Listen to me:

You’re being coddled again by a benign tape in the midst of a full blown economic collapse. The winds of war are raging and everything you once knew about globalization is over.

Hence, investoors are once again diving into this ARTIFICE head first.

Don’t you know it’s a trap? Aren’t you aware of the fact that nothing can stop the collapse?

I was mostly long into the open and collected my gains and kept my 15% position in FAZ intact. I might still close it out just to be done with it. I will not chase and I will not be influenced by what others are doing. Even if I barely do anything the next week, I shall not cave into the notion that stocks are priced to bid higher for 2022.

It’s also important to remember that my opinions are just that and not prophecy. I am wrong at times and have been known to do a 180. Nevertheless, I am highly convinced of the bear case, but also can never rule out the power of mobs and the influence greed can have on markets.

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  1. roguewave

    By reading this here blog you can get some idea of how Fly manages risk.
    If the supposed professional at 3AC did that, they’d still be a going concern. They have no excuses. They had the resources gd idiots

    Blocktower was nibbling the other day. It may not have been the crypto bottom, but they got a little just in case.

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    • roguewave

      aggregate CAPEX for natural resource companies remains at historical lows.

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