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
23,431 Blog Posts

GLOBAL ECONOMY IN RUINS: MARKET RAMPS INTO CLOSE

I’d expect nothing less than for Wall Street to celebrate amidst their cocaine WHORES as Main Street quite literally starves to DEATH. There is nothing wrong with profiting off the pain and misery and others. This is what America was built off of — the strong eating the weak and taking their resources to build an empire.

I’ve had a terrific two weeks of trading. In the spirit of full disclosure, here are all of my closed out trades. All trades are equal weighted, 5% position sizes. You can get the gist of what my personal account is doing now — by simply bearing witness to this splendid splendor.

JWN +24.6%
WW +16.4%
ALLY +13.7%
STWD +18.5%
H +14%
TREE +10.1%
SQ +7.7%
ZEN +7%
CPB +1.9%
NYMT +33%
MFA +8.3%
MAC +10.8%
CNK +4.4%
SM +4.8%
GCO +5.1%
STWD +1.4%
RWT +25%
PMT +8.6%
MTG +7.8%
CIT +12.5%
CC +11%
ORC +9%
CBRL +8%
HA +8.8%
NUGT +10.4%
FTI +6.6%
(PEI -3.6%)
EGO +3.1%
CEMI +10.6%
PVAC +`14.6%
ROKU +3.1%
BMRA +10%
NGD +16.1%
EXK +9.4%
ENBL +10%
PAA +4.5%
(CEQP -4.5%)
(PLAN -0.45%)
(BXP -1.9%)
ETRN +4.8%
(NTNX -2.2%)
(SBRA -5.6%)
(AM -10%)
SJM +17.6%
GIS +18.2%
K +3.2%
CHD +5.7%
KMB +5.8%
(CALM -2.6%)
CLX +10.1%
CL +10.7%
HAIN +4.2%

I expect the market to be EXECUTED tomorrow. We do not bottom on Friday’s and the rally is at the comical stage of working thru its insanity. I am not bitter or wishing for pain. I simply want what I deserve.

On a brighter note, all but 1 of my inverse ETFs were UP today. So in spite of the rally, I made money on the short side too. On the long side, I have one old man stock, two contagion stocks, and one tech stock.

Be well and prepare for the fires — for they are coming and will burn heavier and brighter than ever before.

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8 comments

  1. soonerxii

    I recommend listening to Leonard Cohen when you read the Fly blog…especially now that we are in the after times.

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  2. quietstorm

    That last part reminds me of Charles Bukowski.

    You will be alone with the Gods, And the nights will flame with fire.

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  3. natehois

    It’s 18.8% return, assuming 5% allocation per trade without rebalancing.

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  4. itsgold

    Closes look pretty strong.

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  5. narcist

    Been waiting for this blast all day. Consider it delivered on time.

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    • heckler

      Must be the infrastructure stimmy. Or front running Trump’s wonderful speech where he tells us there is no fucking plan

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      • narcist

        I was expecting “good news” of some sort since the Russell (the weakest index) was due for a bounce today (or no later than tomorrow) given the underlying strength of the other indices.

        Hopefully we get a Buenos Aires pink cocaine rally tomorrow to produce some good short entries.

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  6. tjnyt

    My longs were down (A,AAL,APA,BA,DAL,JPM,LVS,JWN,SLG,SPG,FCX,OXY,WFC,WYNN, my inverse were down(SOXS,SQQQ), total 14k down. Did not sell, after the close, they all are up big. Someone clearly knew something was coming

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