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
23,433 Blog Posts

BREACHED

Get your fucking life vests ready and jump out your windows with it, for the market has breached the “Magical Support Level” of 1040, with grotesque urgency. Cancel your fucking vacation plans and run for the woods, where you may or may not enjoy the living quarters of the naked forest, for the remainder of your pathetic lives, “off the grid,” with the trees and shit—until the IRS arrests you for tax evasion.

Into weakness, I will be removing hedges and letting longs breathe and live a little.

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16 comments

  1. Steve Place

    Your heartburn-inducing posts make me want to buy puts on VXX into july.

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  2. inloworbit

    VXX applied!

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  3. Diver Dan

    Fortunately the irs won’t arrest me for tax evasion when I am losing money.

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  4. tradingnymph

    lol….you know Fly it’s a all like duh, want a bite of sandwich. I really like the other side of the mountain, that hedge stuff is so hard for me you know.

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  5. MarshalN

    This is what a rout looks like.

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  6. jimmie

    Bleached !

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  7. panamaorange

    Back into VXX short at 31.30.

    Id buy that for a dollar

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    • Myra

      You’re shorting VXX? Not good. I just went long with SRS. Although, now I’m thinking I should have bought SKF… Wish I had more cash for ultrashorts!!

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  8. jg

    ppt overload!

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  9. Yogi & Boo Boo

    Mr. Market takes Yogi to the wood shed. Film at 11:00.

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  10. Mr. President

    Down we go.

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  11. Dog, D

    I have squirrel meat for sale – lightly salted and au poivre – $2 per pound. I deliver personally within the mid-atlantic.

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  12. Spooky

    Spain on downgrade watch. Europe is pulling everyone down.

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