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
23,417 Blog Posts

Here’s the Quick Rundown on Today’s Market Crash

Good afternoon lads. Markets are crashing thru the fucking floor boards today for two reasons.

1. Trump is really the President and now it’s serious.
2. It’s all Facebook’s fault.

On that news, the Dow is off by ~450, Nasdaq nearly 200. It is a true bloodbath out there — the likes of markets that make you want to just take a bath with a plugged in toaster. Really rancid out there.

I am getting REKT in a variety of stocks, only helped by two hedges and a long: LABD, SOXS, AMRS. Other than that, I am just like you — only a lot cooler and exponentially smarter and a lot more success. Probably better looking too — but that is a depreciating asset.

Two ports of safety are GLD and TLT. My Quant account is positioned into both, and has been since March 1st. The worst of the sell off it happening in the oil and semis. The drop in the semis are notable, with a few dozen down more than 4%. For now, I am keeping my hedges and my longs, waiting for resolution.

Here are the biggest losers of today, by industry.

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2 comments

  1. sarcrilege

    Green by the end of the day? 2% down. 2% up. Wash. Rinse. Spin.

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  2. gatorsun

    you new yorkers are saved by Cynthia Nixon…carry on

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