Catamites busted loose today and made a fucking mockery of the market. If you ever thought Wall Street would lose, recent events prove that LITERALLY NOTHING can stop the buying. The global economy is in lock-down, oil is a worthless piece of shit, hotel vacancies are north of 90%, yet stocks are RUNNING towards RECORD HIGHS. I know, we’re down 10% or so for the year, a mere rounding error in the big scheme of things. Because of this, I closed out my inverses and went long a SUNDRY of highly degenerative securities in the efforts to produce WANTON amounts of profits come Monday morning.
I cannot tell you said securities, as I am sworn to secrecy. Those are for members of Exodus alone.
What I can tell you is that we’ve removed ALL ADS from iBC — because fuck ads and I heard your complaints. Now that I’ve removed them, it is YOUR DUTY as loyal readers to procure and purchase iBankCoin merchandise, in order to keep the servers humming along at a brisk rate.
My last 12 trades.
(FAZ -3.8%)
PE +12.9%
TECL +3.6%
SQ +2.5%
KL +5.6%
AU +5.1%
BYND +2.7%
LPI +31.5%
NUGT +3%
RIOT +9.7%
(FAZ -3.4%)
(TZA -6%)
Each position is equal weighted at 5% of my account — but TZA was a 10%er. Sure the loss sucks — but we move on. We do not wait around for shit to happen — we’re moving forward all the time.
Have a great weekend, fucked faces.
If you enjoy the content at iBankCoin, please follow us on Twitter
Have a nice weekend Doctor. Rest and be well.
moving to Montana soon?
Are you guys still doing Exodus trials?
Way way less painful than 2009 by far. And to think by November we’ll be back to Jan highs and probably moar. Trump gets Round 2. People are dumbfounded. 2 years from now, there will be blogs on the overreaction to a new strain of a virus.
The good things will be that my lame ass barber will probably be forced to finally take appointments vs wasting an entire Sat in a chair waiting. Restaurants will be forced to be more hygienic and get closed the fook down with 1 violation. Less patrons means more space and less change of a screaming kid 2ft from you.
Commutes will still suck. They’ll just cost more and force face gear.
Online ordering is a real thing now for pretty much everything. Less useless trips to the mall or mall like things.
#KAG #MAGA #DJTFTW
One last note for those that know anybody hospitalized with COVID 19 concernign remdesliver. We know it has some bad side effects, but the benefits are still up in the air.
Study construction: Pateint receives 10 days of doses, evaluated for 14 days
No study results, but you can read between the lines:
Day 0 (March 6): study start, first pateints recruited in Washington State and South Korea
Day 18 (MArch 24): study has patietns in almost 100 hospitals distributed, 15 states, 10 countries
Day 31 (April 6): Results known for original 400 patients.
(If the results were favorable, Gilead would have compiled them and written up the report, right? However, they instead expanded the field by 6x to 2400 patients. )
Day 41 (April 16): 10 days later, more resutls in on the 2400. Gilead expand study again, this time to 6000 pateints. (Maybe the results will change?)
“Bet $400 on Black.”
“Wheel hits Red, sir.”
“Darn, $2000 more on Black, please”
“Red is the Winner”
“Not again! Ok, third time’s the charm. I can still win it all back… $3600 more on Black!”
No control group avaialble, so Gilead will declare victory no matter the results. Remember “severe” just menas below-normal blodd oxygen level (< 94). 13.8% survived this in the China study, so that should be the bar
Gilead may claim the virus is much more beneficial for those wil very mild symptoms. – but yet publishign that study several weeks later (Mid May vs late April). That study actually has a control group…
Just so everyone’s clear- are you a bond expert, an epidemiologist or a tech stock expert?
He is an esoteric financially driven communist.
Nope, the socialists are the ones that want every failing firm to be bailed out
That’s right they are the buffer between you and us. ?
“?” is about right
I really don’t know waht you are talking about unless you are trolling me. If you want to go with vague insults, be my guest, but let me clarify waht got you started in the first place:
I believe tha tariffs are an essentail part of every country’s economic polices. Just look at how China’s policies have helped its own citiznes *****economically, not socially***** over the ast 3 decades.
Capitalism is a much better system than socialism, but isn’t perfect. For example, it is quite easy for large coproaations to gain maraket cahre and create a monopoly. Monopolies do not benefit the country as a whole, only the owners of that monopoly.
Simialrly 100% free trade has uneven benefits and costs among the population.
Do not confuse Capitalism with Oligoploies, or Democracies with Oligarchies.
This post of yours is the first I truly agree upon. That ? Was an emoji but this app didn’t show it instead it shows a question mark.
Viruses follow natural laws, bonds follow logic, stock follow fools.
Nice one wolfdaddy. I was just rolling my eyes reading more nonsense from numbersgame.
i would literally shoot you in the face if i could.
a post grad he is; just angry at something I figure.
he shorted GILD yesterday.
I wouldn’t call it full anger, but I don’t like it that I could be right about soemthing and still lose money.
Donald Trump first tweeted about the oil deal weeks back. That started a rally, and I correctly predicted that it would not be enough, and oil fell to record lows. I shorted oil drillers, and they’ve been going non-stop to the upside. COuld they ahve been oversold? Possible, but they are up 50% from their lows, and we’ve had no solid good news.
Considering what happenned with hydrochloroquine, I could easily be right about the results of the Gillead study, but investors may still buy Gillead’s spin anyway, so I dropped my GILD position.
Of course,
“I don’t like it that I could be right about something and still lose money”
Newsflash – if you lost money, you were WRONG
Nope, my prediction was correct (oil dropped even after the deal was announced), but in hindsight I should have bet directly on oil.
Thanks, Mr. Obvious. Maybe in another month you can tell me what i should have traded toady.
If markets followed a simple logic, simpletons will win. It’s con game out there.
EBB,
Do you want to continue the cash flow vs net income discussion?
https://ibankcoin.com/flyblog/2020/04/17/markets-limbo-positioning-wanton-depravity/#comment-570952
sure, what would you like to discuss
Along the lines of my last comment:
Suppose I start a buisness with a $500,000 loan.
I buy a sports car for $150k, hookers for $100k, and cocaine for another $100k. What is my business’s net income, net asset value (assume that i have good taaste and the car is held its value). and waht is my cashflow?
That scenario is ridiculous. In its simplest form, Net income is revenue less COGS, less operating expenses, less interest expense and taxes.
Net asset value: 150 – 500 = $-350k
Net income: -150 – 100 – 100 = $-350k
Cash flow: 500 – 150 -100 -100 = $+150k
You can throw taxes in there, etc. My points:
1) The cahnge in Neta Asset value was refelcted in the Net Income
2) The cahnge in Net Asset value was NOT reflected in the Cashflow
3) The Cashflow was positve, but the business was trash
If you don’t like my scenario, why don’t you create one where the Cashflow tells you more about the business than the Net Income?
Your scenario shoudl have a loan in it, because that is the weakness behind relying on Cashflow statements: the Cashflow staemetn hides the source of the cash.
Because you didn’t want to create anaother scenario, I ddi it for you:
A firm buys a truck/computer/machine for $100k. It depruecaites $10k/ year (including year 1).
Cash flow
Year 1: -$100k
Years 2 through 10: $0
Income:
Year 1: 100k asset – 100k cash – 10k deprecaition = -$10k
Years 2 through 10: -$10k depreciation
If you just looked at Cashflow, then any income generated form the asset would appear to be free money, while the Income statement spreads the cost of the asset as it is being used up (deprecaition).
“… appear to be free money” in Years 2-10
Why don’t you use some kind of spell checker when you post?
I realize your manifold spelling errors are mechanical typing
mistakes, but is sure is fuckin’ IRRITATING reading your shit!
Then don’t read it. WTF do I care?
In fact, from the typical eaction my posts get, i’d consider that a plus.
Smokers are already being studied as less likely to develop full blown COVID. Researchers should also research drinkers as they exhale alcohol vapor (which kills the virus) through the lungs. Maybe smoking and drinking is good for you in relation to COVID. Grey Goose, Everclear and Fireball would probably do.
Well that explains why I haven’t caught it. Case solved. My diet of whiskey and cigars continues.
In all honesty though, if alcohol actually helped I’d think Russia would be doing better…
Maybe you have to inject it like lysol
Ultraviolet light helps too. Tanning salons and tanning beds for the win. That is why Trump doesn’t have it. Orange man; bad.
Thank God for blessing us with the greatest president since George Washington. I am desperately looking for a UV lamp that fits my rectum before I run out of all the flavors of Lysol for injection.
The positive studies in research are attributed to soley nicotine though, right?
My reading of it was that a red wine and sharp cheddar combo saved them.
Probably true…but which ones??? Sutter home and kraft?
Nail salons and hair dressers jammed. …can we agree that woman who go to nail salons ..when there are so many unanswered questions about the virus ..should not be permitted to reproduce?
How is that different from men that go to barbers? Shampoo and an electric clipper are enough for hygeine; anythign else is vanity.
Personally, I think that we need more freedom and choice, just as long as the President on down stop with the disinformation campaign that COVID-19 is just a flu or that unproven treatements actaulyl work (hydrochloriquine, remdesliver, lysol injections, etc.).
Then let people make their own decsion on whether the risk is worth their vanity. Of course, this goes along with appropriate precautiosn like face masks, social distancing, etc. We can leave limits on mass gathersing of close contact liek sporting events.
Of course, deatsh will go up, but given that everyone agrees that zero COVID-19 deaths per day is not a relaistic goal, then we have to figure out waht *is* acceptable and then tailor polices towards that goal.
As the resdient epedmioligst (as others ahve noted), time for another prediction: I don’t see how the US avoids 100,000 COVID-19 deaths in 2020. We are too big a country for full containment and contact tracign to work with such a stealthy virus.
greater than 5+% infection rate
greater than 0.5% fatality rate (for all infected, not detected)
less than 20% detection rate (probably will improve, but stilll will not top 75%)
no cure (and running out of ideas), no vaccine this year
Asymptomatic people can’t social distance for 9 straight months
We’ll just have outbreaks randomly popping up all the time. Just look at Singapore and Japan,. We would need strong **interstate** border control/quarantines, and that isn’t goign to happen.
First question to the self-prescribed know it all – How are these “Covid19” deaths being required to be counted? If say, a person dies from a car crash, drug od, etc… and had the so dangerous covid virus at one point in time discovered in autopsy, that’s a covid death?
Yeah, car crashes count as COVID-19 deaths /s
So if somebody dies from pneumonia with a bad cough, glass in their lung x-rays, high fever, and lost their sense of smell and taste, but is refused a COVID-19 tets becase they are already dead and we don’t ahve enoguh tests, is that definetely NOT counted as a COVID-19 death?
So much detail to assume and include in a car crash or drug overdose etc….that is make believe, but you know it all. You know what I mean though – this virus is likely more contagious than previous viruses. Lots of people have gotten over it. 98+%? That’s it. Get over it.
The White House predicted 80k, then 60k deaths. I’m saying they are wrong. Are you saying any different?
If you are saying that 100k deaths is that big a deal (while every death is bad, of course, but death is natural), then I don’t disagree.
Now 1.5 – 8 million deaths? That’s the do-nothing number.
One must not lose sight of the unknowns with this virus. Current studies have yet to evaluate, never mind treat what’s being reported, i.e., blood clots, strokes, in healthy 30-40 year old positive patients.
How many peopel does AIDS kill? The asnwer is zero. However, AIDS severaly compromises the immune system and sets the body up for other diseases.
Simialrly, no one really knows the full effects of COVID-19. Some doctors think COVID-19 cause heart attacks (plenty of articles). Also, even when it is the lone ailment, it still isn’t necessarily the virus that kills you, but your bodies amped-up resonse to it.
SO the best approach – if you want to elinate the virus and track the virus as opposed to minimzing soem random number – si to pick a consistant approach. This would mean: if the cause of death isn’t obvious (gunshot, accident, overdose, cancer, etc.), test them for COVID-19 and mark it as COVID-19 death if the death is positive. Yet another probelm with out lack of testing.
They need every death to be COVID related to hide this huge scam that has been forced upon the world. At worst we were looking at 1% mortality per capita . Now it looks like .1% . 100% bullshit.
I don’t think they will give a truthful answer even if they test everyone for antibodies b/c they don’t want the populous to know the virus is no more deadly than the annual flu. It just spreads much faster.
Fact of life. Old people get sick and die (My dad is 81 and I do ridiculous shit to shield him from this virus). Some people have unfavorable genetics and die. Some people get a huge viral load and die.
Nothing personal, but this kind of ignorance is the problem. I’m fine with openign up the country some more an lettign peopel deceid their fate and that of the of those close to them, ***but not with the wrong info.***
You can’t just pull numbers out of you @ss.
50k dead in the US at 0.1% mortality = 50 Million infected which is complete BULLSHIT. No antibody test indicates prevalence anywhere that number, and there are still thousands in the hospital who will add to the death toll.
The death rate is 0.5 – 2%. (The death rate based on confirmed US cases is over 5% and still rising, so my estimate still assumes that 3 out of 4 cases in the US are not identified).
Who is this “they” that wanted to shut down the country? Yes, Trump underplayed the threat, but so did Democratic politicians and the media. It wasn’t until March when everybody was playing the blame game (well, some people saw the threat earlier: https://ibankcoin.com/flyblog/2020/01/29/dont-look-now-shitcoins-running-hard/#comment-565674).
Retaurants, open for business:
https://bgr.com/2020/04/24/coronavirus-tips-air-condition-can-favor-transmission-in-restaurants/
Kudos to china… finally laying out covid protocol to inform us its not safe to go into our restaurants, especially if they have air conditioning. Coming from the most pollutant country on earth. The image in the study of the article is a fucking joke
The diagram is clean, precise, and descriptive, but would have been more helpful when it was created 2-3 months ago.
Already bumping the number up, just 1 week later.
“However, Trump predicted that as many as 100,000 Americans could die from the coronavirus, in a significant increase from his estimate of 60,000 last month. ‘We’re going to lose anywhere from 75, 80 to 100,000 people,’ Trump said, calling it a ‘horrible’ situation.”
https://www.foxnews.com/politics/trump-virtual-town-hall-america-together-returning-to-work-coronavirus-lincoln-memorial
Penis
Johnson
A question or two…
What shall happen for people who work in office towers vis-a-vis the virus, the elevators, the A/C?
What shall happen to the real estate developers and lenders for new 70 story condo towers?
Seems to me downtowns will get quite grimey and the banks look more and more precarious in general. Too pessimistic?
We have come a long way from pre hominids to our current self, facing all sorts of creatures; viruses, bacteria, and parasites. Many of each genus still residing on our bodies at present. This will come to pass. But the toxic brew concocted by the interaction of media and health authorities and so-called experts is going to leave some deep scars, psychological and others…
I posted two analyses, without any personal refernces or any politics. In response, I got the usual whining from at least a half-dozen different snowflakes that were offended about something or another. This is sums up how I feel about that:
https://www.youtube.com/watch?v=fCu_mJgnKCg
You may have gotten hooked, Fly.