This was a rancid day for longs, even worse for parma-bull retards.
Consider this, there is no place to hide now but gold and bonds. You have been dispatched. The safe haven status for utilities and REITs has been revoked with today’s broken elevator actions.
As such, I stepped in and bought DRV — triple downside REITs. Fuck the REITs and the horse they rode in on. To sum up today’s moves: stopped out of APPF, bought FAZ at $13.13, bought EGO at $0.64. I maintain positions in a few tech stocks, GE, and a slew of precious metal trending up. My largest position is TLT. I intend to make most of my money on the upside, when and if this FUCKER ever stops going lower. While REKT in my long term account, I’m okay with transitional losses, as I get my feet wet on hedging and cementing a longer term bearish narrative in my investment planning.
If you enjoy the content at iBankCoin, please follow us on Twitter
1Counterparty Risk
2Negative feedback loop
Technically, you mean a postive feedback loop, with a negative input
FTW, technically
Showtime I hope you’re making gains here, you’ve been saying the market’s going to crash for 10 years
We established years ago that Showtime is a pre-Skynet, permabear AI learning from its mistakes in order to inevitably conquer us all.
Genius, genius, genius!
It was quite obvious but credit goes to where credit is due (pun intended).
I’m killing it rn in my positions. I’ve been in put options on leveraged loans and my position is up 30%. Soon I’ll sell and cycle into financial shorts if things start going faster down the toilet. Holding and getting worried about liquidity.
Correction: up 40%
That’s more like it.
30%? Pfff. Try to do better.