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
20,179 Blog Posts

Turn Around Tuesday or TANK?

Right now Nasdaq futures are +70 and virus stocks are down in the pre-market. It appears the crisis has passed us like a ghost ship in the night and we’re all faced with the lovely spectacle of Robinhood investors making their fortunes vis a vie idiotic option gambits gone right!

However, bonds yields are slightly lower again, which speaks volumes about the tone of the smart money here, presently hiding and cowering in ultra-low yielding government obligations. There is very little risk appetite out there now, aside from the millennials making mockeries of themselves on WallStreetBets each and every day. Nevertheless, who am I to poke fun at the new generation of traders, while I was just as crazy and idiotic when I had my start in the business. I am merely taking part in the old human tradition of casting aspersions onto people younger than me. But truthfully, I am not really worried about the millennials. The Gen Z’ers are the ones we need to fear. Those bastards don’t care about anything but gender fluidity and other asinine subject matters, all pertaining to the toxic cancel culture that is part of their every day lives.

What fucking rubbish.

I am not impressed by a small dip following a TITANIC decline. If bond yields don’t rise, the rally will fail.

If you enjoy the content at iBankCoin, please follow us on Twitter

8 comments

  1. heckler

    Agree zoomers are the ones to worry about. They spend all day online playing murder simulation games and vast amounts of money on digital clothes and hats for their fucking Internet avatars. I wouldn’t trust a zoomer as far as I could throw the little fuck

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. heckler

    As for the market… like Trump says “stocks are starting to look good” lol

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. metalleg

    What about margin calls from yesterday’s bloodbath? Should have an effect…no?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. jbandy

    Agree things look bad, but who knows what the fuck Mnuchin and Powell are cooking up right now. It’s bullshit that you literally have to worry about Fed interventions coming at any time, but such is the way of things right now. I’m too chicken-shit to press any bets on the short side.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. numbersgame

    Baby Boomers had to practice duck-and-cover drills in school, while they then sent Millenials into actual war in the ME (Longest war in American history. Go Patriotism! USA!! USA!!) and Gen-Z into Active Shooter drills. It’s no wonder the younger genarations don’t like them

    While Gen-Z may take things too far, they provide a good counterbalance to the “everything’s fine” or “everything was better before” thinking of the Boomers.

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  6. numbersgame

    30yrs going to 1.75 (pretty number theory). No question now. That’s where I harvest some bonds (TLT +12% and counting).

    10s looks like they want 1 and a quarter (although I’m less certian on this). That’s where I harvest my QID

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. purdy

    Some of you put toooo much emphasis on generational differences ..especially for things like mideast wars. The tools of manipulation have grown quite sophisticated …and powerful interests have increasingly consolidated control of these tools.

    There are lots issues out there (e.g., gender monikers, toilets, Foxtard v MSNBCtard) …which they are happy distract you.

    • 1
    • 1
    • 0 Deem this to be "Fake News"
    • numbersgame

      Ok, so maybe Baby Boomers as a group aren’t in favor of the wars However, they aren’t for *actually* withdrawing from the middle east, either.

      “Let’s just keep a few guys in there and contniue with the drone strikes. I’m sure Muslims will apprecaite our presence if we kill *mostly* terrorists along with a few hundred innocent bystanders. ”

      It wasn’t that long ago when many Americans thought that **1** dead **soldier** at the hands of an Iranian response to killing one of their **generals** would mean we would attack a soveriegn nation.

      If we pulled **all** soldiers out of the Middle East, terrorism against the US would disappear, well, except for the home-grown white-supremist and kids with mental issues.

      Frankly, the biggest issue boils down to the same issue that causes divorce and leads presidential elections: money. And that is a BIG generational issue, not a distraction.

      • 0
      • 0
      • 0 Deem this to be "Fake News"