It was supposed to go down. After all, the Fed admitted that things aren’t as peachy as they seemed, acknowledging liquidity concerns in the repo markets. The initial reaction to the hint of QE4 was sharply lower, ebbing towards -200. Then people started to remember the faded glimpses of their trading lives, involving the Fed and their meddling, and how it always led to disappointment when trying to bet on collapse.
The Fed is in control and always has been in control since World War 1. The idea that things will fall apart now is simply a reflection of personal disenchantment.
I had taken a hedge in LABD, but quickly recoiled from it and booked an intra-day loss of 2.4%. Today, on this day of infamy, I booked a series of losses, amounting to 6 bad trades of my past 10.
My past 10 trades.
ENPH – wash
Hardly inspirational and quite frankly an abomination. But bear in mind, Le Fly runs fast and hard, built from sturdier materials — impervious to the pangs that draw down and beguile mortal men. Just today, my new fridge broke, costing me $205, and to fix my infamous Benz, well that’s another matter all together. Upwards of $6k fixes it, mostly due to incompetence on behalf of my former mechanic. This of course is laying the groundwork for a grande market win. These small peon set backs are merely segues into a much larger narrative, one that has me reigning supreme over you with severed heads tightly grasped into my masculine hands — knuckles protruding outward, white and bruised, from the faces they were punching prior to your decapitation.If you enjoy the content at iBankCoin, please follow us on Twitter