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
23,474 Blog Posts

THE FLY SHINES IN THE MIDST OF RAMPAGING RAPING BEARS

I feel at comfort in a market that is truthful. When I say truthful, in this instance, I mean sharply lower. There is no filler or fancy talk — just the resolution of prices. All of the talkers get their faces ripped off and the market regulates itself, casting aside the excess waste and perfidy that has helped us create yet another Federal Reserve bubble.

Once upon a time, when it suited me, I was a fan of the Fed. Now I have come to realize they are a criminal organization that is not only incompetent, but also operating with the modus of malice.

Markets are lower because they belong terminally lower. America as you knew it has ended, and in its replace is a curated cut out of a corporate hierarchy powered by poor genetics, just like the movie Idiocracy. One does not go long the nascency of Idiocracy.

I am PERMANENTLY BEARISH because that is the truth and to lie is to be degenerate and The Fly doesn’t lie because he isn’t degenerate. .

I would’ve drawn down 2% if not for my masterful trading. I have been taking 10-20% weighted positions in downside ETFs to hedge a 100% long book, to varying degrees of success. Today I managed to reduce losses to just 17bps, with a 40% short hedge into tomorrow.

As always, all trades are broadcasted inside Stocklabs.

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2 comments

  1. soupbone

    This market is quite bad for a holiday week imo.

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  2. Mr. Cain Thaler

    The time for long portfolios has ended, in my huble opinion.

    100% cash or inverses now.

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