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
20,200 Blog Posts

MARKETS IN TURMOIL

I closed out SOXS for +13.2%, overnight trade. I’m 80% cash in trading, 95% in long term.

I suggest you do the same.

More later.

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25 comments

  1. narcist

    It’s over for Trump. Better yet, it’s also over for the other Confederate leader Moscow Mitch.

    Simply. Glorious.

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    • Po Pimp

      Never underestimate the blatant racism of 40% of the population. Those hillbilly jackoffs are all in and will ride this into the ashes.

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      • narcist

        Say no more. But we’re moving in the right direction.

        As COVID kills more of their people, they will run out of votes in more and more states.

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    • tha pirate

      Narcist – (is that short for narcissist?) Do you realize the worldwide HUMAN TRAGEDY that is unfolding??? People are sick and dying, children losing parents and grandparents, people losing their jobs and dreams.. and you seem to always post only about Trump? Maybe you ought to get a little love and patriotism for your country and the human race and worry less about political blame games?

      LONG USA.

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      • narcist

        “Narcist” was derived from a “word” (i.e., “narcism”) that The Fly created in an earlier blog post.

        I’m thinking about all the lives that the Confederate forces done ruined in the last 400 years in this continent, and almost 250 years in this country.

        Revenge is a real bitch.

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      • narcist

        And to everyone of these people and their offspring, COVID hasn’t come quick enough.

        Fuck political games. Pay in blood.

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        • tha pirate

          -and someone gave that a thumbs up? So are you now showing your true face? You hate the USA? You think the USA deserves “revenge is a real bitch”? Have you ever heard of the white soldiers of the UNION army? Do you know who John Brown was and how many white abolitionists died? Yes the US made some mistakes (what nation hasn’t), and slavery was a hideous evil that the USA has ALREADY paid a huge price form but now you want to curse “these people” (whoever “they are” and their “offspring”? Offspring which would by now be 155 years after the fact BTW, so you are talking about people whose parents were not even born when the scourge of slavery ended. At least now we know where you stand and why you are so obsessed with President Trump. STILL long USA.

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          • narcist

            I SAID CONFEDERATE FORCES, NOT ALL WHIET PEOPLE.

            The last wave of lynchings didn’t end until the 1950s.

            Mass incarceration of blacks and browns have gone from bad to pandemic since the 1950s.

            So, FUCK YOU for your ignorance.

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          • narcist

            And, no, I don’t hate the USA–I just have serious problems with people like you.

            I will love the USA even more when there are fewer of you around.

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      • Po Pimp

        Wanting dotard out of office is about the most patriotic thing possible these days, you hillbilly jackoff.

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  2. purdy

    Young know-it-alls come and go on this site. Hopefully Numbers’ fans didn’t pay too high a price for believing his TLT evangelism and his “this was my awesome already-closed trade from yesterday”ism. These are serious times. Good luck to all.

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    • wolfdaddy

      Even when numbers is winning, he’s losing

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    • numbersgame

      Zero actionable info. How surprising.

      Or are you saying that 1.6% is a sell?

      Maybe you should have posted this Monday, but that would have required some insight.

      As I said before, I’m not letting jackasses demand my time, but I will bookmark this.

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    • numbersgame

      Since I’m always looking for information, let me give you a puzzle, which I’m quite sure neither of you two will even try to attempt:

      1) Central banks are intervening in a big way, which usualyl pulls down interest rates
      2) Stocks are collasping, which usually leads to a flight to 10yr T-bonds
      3) COVID-19 is creatign a lot of econmic uncertainty, which usually leads to a flight to bsafety (bonds)
      4) Treasury interest rates are rising

      Now, of course, we have the potential of a $1T congerssioanl bailout package, paid for by debt, but the above seqence of events was occuring startign last week.

      Any explanation?

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    • roundwego

      with gundlach cashing in his shorts the alpha play is over. but all paper assets are going to get killed before the next real print! go go gadget! central banker printing powers.

      https://www.youtube.com/watch?v=5qfYrPj33d4

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  3. numbersgame

    Only 5% TLT? Di you sell some since Monday?

    I don’t blame you or Alty, but above 1.5%, I don’t have trouble holding it.

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    • alty

      Just can’t believe you let me down on that SoXL trade. Good thing I was able to escape it yesterday.

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      • numbersgame

        I’m jsut as surprised it worked out so badly. I’m not going long anything without some FAZ as a hedge, so that alone compensated for a lot of it.

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  4. sftradeallday23

    Look at APRN. I think GRUB is next.. has a 25% short interest.. Officials are encouraging ordering delivery from restaurants that are closed to dine in to help support the restaurants. I would expect upgrades in the coming days

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  5. roguewave

    “1929 + 1984 + 911 = 2020”
    james corbett

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  6. tjnyt

    I am in BA,BP,EDC,ERX,LABU,TNA,UPRO,UYM. FAS. all opened today.

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  7. Po Pimp

    “I closed out SOXS for +13.2%, overnight trade.”

    Pussy.

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