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
19,850 Blog Posts

MCCRASH!

I’d like nothing more than to see, or dare I say, preside over the market Mccrashing into the floor boards and beneath them. All of the beauty from this market waxed and erased from existence, replaced with Middle Earth’d Orcs who eat weak humans for sustenance and carry out the will of evil for purposes of end of days.

We need a good biblical cleansing and I’d be willing to sacrifice for it.

Sadly, we’re not going to get any of that. As we speak, Larry Kudlow is combing his hair and greasing it to his head — preparing statements that are sure to get the market’s dick rock solid again.

Speaking of which, Succession is the best show on tv now, makes Billions look like the assclownery it is. I highly recommend watching it.

As for me, I’d getting settled in nicely. My office is finally set up, classical music playing, and the coffee is flowing freely and with strength.

I have cash reserved in my trading, to deal with today’s 200+ drubbing, and a DRIP hedge that was tossed on Friday as my weekend hold. I will be selling it today and looking for longs.

NOTE: GOLD! I am 15% weighted gold in my Quant, which is being reallocated today, and 10% miners in trading account.

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11 comments

  1. boyaj

    Completely agree with you in regards to Succession, the way it’s shot is spectacular as well. Next time my friends come over, I’m making them play Boar on the Floor.

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  2. numbersgame

    So what did you mean on Thursday: “I kicked out of most of my gold positions today, save two silver ones”?

    Clearly silver isn’t gold, so the sentence didn’t make sense unless you meant “all of my precious metal positions todat, save two silver ones”, implying that you sold all of your gold positions.

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    • Dr. Fly

      Silver correlates 1:1 with gold. STFU.

      I also never sold GLD in my Quant, which is updated once per month. I’ll wait for your apology.

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      • numbersgame

        I’m sorry that I mis-interpreted your confusing post from last Thursday.

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  3. Dr. Fly

    BTW: Silver is +2.7% today. Again, STFU

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    • ferd

      Right, so not 1:1…up much more than gold as it catches up in this lower resistance area …as I predicted.

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  4. ferd

    If silver bull floats all turds, buy least loved silver stock ASM here.

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    • bob smith

      ASM is indeed a turd, a worthless one at that. I’d stay away. Buy PAAS if you want into the silver game with a real company.

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    • bob smith

      ASM is indeed a turd, a worthless one at that. I’d stay away. Buy PAAS if you want into the silver game with a real company.

      FWIW fish turds don’t float.

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  5. one-eighty

    I’m waiting for a bunch of stuff to “recover”, Great Panther at the top of the list.

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