It was a non-eventful day FESTOONED with zany moves in healthcare stocks. For a moment or two, I was seduced by a few, but then I quickly regained my bearings and made sure to keep my money nice and safe, in cash.
I closed out the session, 45% cash, with lots of triple downside ETFs to bet on a disaster to come. I realize this is not a high probability trade, but I’m bored and if forced to make a bet, I’d bet on lower prices.
We must acknowledge that stocks are in a bear market and this recent uptrend is nothing more than a respite. Very soon, actual centaurs will traverse the streets of Wall, kicking traders in the chest and defecating on the exchange. I will have you know, I do not intend to be around when this happens and will gladly watch it from the luxury of my own home.
Today was a sandwich say, highlighted by the fuckers on CNBC reminding everyone that stocks were ‘OFF THE LOWS.’ We’ll have these fucking indices on their backs, not before long, and the people on CNBC suffering grave injuries on live teevee soon.If you enjoy the content at iBankCoin, please follow us on Twitter