iBankCoin

Market Burns on the Last Trading Day of April — Time to Go Away

You thought you were going to make a lot of money today, but instead was entreated to a reversal and acceleration to the downside.

How does it feel?

Markets were more or less flat for the month of April. The correction in the semis is taking a toll on techFAGS, who are accustomed to nothing less than luxury and pleasure. Times are about to get hard, jailhouse hard, for the month of May beckons and all of the senior traders are off to their 500ft yachts, leaving junior at the trading turret to spaz out at the first sign of hardship.

My Quant account did well and I’ll have the results later on tonight, pretty much in line with the markets. My positioning in my trading account is aggressive now — betting on a forlorn journey into the unknown — rates set to collapse alongside stocks. Also, I’m betting on humiliation in the biotech sector, utterly destroying all of the fake doctors who think they’re chemists just because they can pronounce the esoteric names of drugs and know their way around a periodic table.

Markets will burn and with it confidence and the American way of life.

In other news, I’m super bullish on cryptos here.

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5 comments

  1. it is showtime

    No record highs

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    | 3 Month Mark |
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  2. wubba wubba

    And in other news, fly aka Gartman probably GE at the open…

    Algos do not have biases or conviction about the market. Neither should you.

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