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
20,329 Blog Posts

ATLANTA FED CALLS FOR -42% GDP FOR Q2; STOCKS SPIN HIGHER

It was a dizzying day, a panorama of chicanery and happenstance. Le Fly hemmed and hawed, kicked out of my upside ETFs in the morning — only to buy those fuckers back in the final hour of trade. I also positioned into complete and utter shit — betting on a nightmare for shorts.

Atlanta’s GDP is calling for a -42% GDP for Q2 — factored in fuckers. I want maximum exposure to banks and homebuilders — based upon the laws of bailouts, which states “whoever needs money, shall have it.”

On this news and future events, I am long FAS and NAIL, 20% cash — maximum bullishness now because of the absurdity of it all.

The fuck do I care at this point?

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38 comments

  1. heckler

    We are all gonna become mask slaves and we are going to have to cut a hole just to suck dick.

    One of my richest friends is getting BTFO.

    Arguably my poorest friend just inherited $750k after taxes. FML

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  2. charliehorse

    Old news

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  3. peaches

    I haven’t touched a stock or bull ETF since 2018.

    FTNT MKTX TREX MPWR TYL MRCY

    Fucking wild.

    I’ve been hiding out in gold and silver like a bitch for 2 years.

    ***MarketAccess for fucks sake.***

    If we don’t get a real crash soon I’m going to fill my backpack with this these silver and gold bricks and drown myself in the East River.

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    • tradercaddy

      Have you seen the East River recently?
      You will stay afloat with all of the stuff in there.
      Impossible to sink.
      Pick another water body.

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  4. acehood

    Fly you’re just itchin to short this shit, admit it

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    • moosh

      Yep, this writing has costanza plastered all over the walls

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      The people demand that HORATIO CLAWHAMMER ride again.

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  5. trumpmeister

    I bought LYFT today. All in. Yes, I’m that confident.

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    • the_wolf

      why lyft over the others and uber ?

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      • moosh

        Less constrained…from growth options to “how pc is your ride”, maybe? Curious as well.

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      • trumpmeister

        Bc Lyft is trading at 1x annual revenue vs Uber at 4x annual revenue based on fundamental analysis. Google invested 500 millions in Lyft at $50-52 shares. You can bet your ass that google is talking to Lyft about a complete buyout at $52-65 per share behind closed doors but no deal from Lyft perspective. Lastly, do a research for projected market in the US for ride sharing and autonomous driving. My last number for 2030 is about 250-300 billions in the US for just Uber and Lyft. Assuming a conservative estimate of 30% of market for Lyft, that is annual revenue of 90-100 billions. 4x that and Lyft will be valued at about 350-400 billion company in 8-10 years. This is a generational buy with minimal downside. I went all in on my Roth accounts worth half a mil this week in Lyft. Will be buying more for my kid account on Monday.

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      • trumpmeister

        Also Lyft is more of a pure play in term of transportation disruption in the US. The CEO is younger and comes from humble background.

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  6. the_wolf

    what the fuck is BTFO ?

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    • overseas investor
      overseas investor

      Might have meant GTFO… Hoping I can if they open up CR again by the Fall…

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    • chickendawg

      Blown the fuck out, aka destroyed.

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  7. cheesefries

    Just want to give thanks to The Fly, Zero Hedge, and the ass hats at Twitter. If you wait to get your news from mainstream sources you are going to be 1-2 months behind. Coronavirus was all over Twitter leaked from sources inside Wuhan. The science and math was clear mid January. I’m back from WV tonight in Pinehurst. The place is a ghost town. I’m not sure how this story ends but get out of dense population areas if you can.

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    • cheesefries

      This shit isn’t going away without a vaccine.

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      • cheesefries

        I’ve seen nothing that proves long term acquired immunity. That is key, google acquired immunity and learn everything you can regarding it and this virus.

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        • cheesefries

          We are likely on a track where we get a vaccine carrot dangled in front of us to keep the economy from collapsing for some time. I see periods of hope followed by closure. Over and over to keep panic and collapse at bay.

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      • tjnyt

        Fear, ignorant speculation, paranoia has slain the greatest nation on the planet. The brave confident warrior nation on its knees. Psychology turned upon itself!

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      • roguewave

        I read that Corona is a common type of virus. They’ve been working on a vaccine for 50 years. Zero so far.

        What are the chances the War on Corona will produce a safe and effective one in the next few months?

        https://www.corbettreport.com/gateshealth/

        PS
        How’s the War on ______ going?
        drugs
        terror
        poverty
        corona

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        • tjnyt

          I am 72, I don’t care, we will muddle through, treatment or none. We humans have come a long way.
          Or It could be all the scary movies we have watched having an effect on mass psychology.

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    • purdy

      Lots doing just that …getting out of cities. I live in the mountains in an area with a lot of vacation homes. My state opened back up just yesterday and traffic went from non-existent to jammed with out-of-state orange licence plates.

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    • roguewave

      The average man is 5 years behind the times.
      Those who don’t read the paper are uninformed. Those who read the paper are misinformed. Mark Twain

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  8. cheesefries

    As I sit in the empty parking lot at Pinehurst main resort I ask who is going to pay the infrastructure tab in towns dependent on tourism? These towns are full of the retired and elderly, average demographic is 65 years plus. How does this mix with an industry built on travelers from around the world visiting these towns? These two variables (senior citizens and travelers) are not compatible.

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    • s.k.

      This is coming from the same site that two months ago was posting headline after headline of mass deaths and horror. What a joke.

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      • tjnyt

        That is Z Hedge for …, Russian propaganda site. I just agreed with the heading.

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        • tjnyt

          FLY often reposts from ZH.

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        • purdy

          Sure. Perhaps there is a Rooski agent miniaturized and hiding under your toenail. They can do that you know.

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  9. edge

    The virus disappeared magically in Korea and had nothing to do with response. And hundreds of thousands are not dead and will not die.
    /s

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    • tjnyt

      It did not disappear, they tried to can it efficiently, instead of letting it follow natural course a la Sweden.

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  10. soupbone

    The ‘lockdown’ varies by region but in general has a growing social swell against it, getting stronger not weaker. The idea is looking long in the tooth now.

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