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
19,110 Blog Posts

Looking For MOAR Lotto Tomorrow, Continuation of the Destruction of Equities

My wish list is rather condensed. I’d like to continue to see stocks horrify investors to the downside, triggering ‘retest the bottom’ calls that will serve me well, as I am partly positioned short via DRIP and LABD. I did close out my TVIX, TZA and SOXS trades, so I’ll need to get back into those, post haste.

Gold should continue higher, especially with wage growth at 3.4%. People are citing lack of inflation, coupled with very high wage growth as some sort of fucking nirvana where the economy could, in fact, have this relationship indefinitely. Pray tell me, how goes one avoid inflation whilst people are flush with cash?

These are decade high numbers and no one seems to give a shit about it. How long will the Fed sit by, idly, waiting for inflation to crush rich people? No long, believe me.

At the open of trade tomorrow, I’ll be looking for small cap biotech and/or Chinese stocks. Adding to shorts will come later.

 

CIAO.

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3 comments

  1. jonnybegood2

    looks like at least oil is up premarket – so may get a mediocre up day barring extraneous news like China. Great timing on covering the shorts on friday. If we meander up a few days probably will be a good play again.

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  2. it is showtime

    RE – TEST

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    ,
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    RE – TEST

    ,
    ,
    ,
    ,

    R E T E S T

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  3. jonnybegood2

    i don’t see a retest of the christmas eve massacre. i do see us heading lower though. but more slowly like last week. but again, some bad china news and anything can happen .

    my iposcoop says LYFT set to IPO on March 25 – now that can be some profitable day trading on its release date – especially if the market is behaving poorly up until then.

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