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

Markets Cannot Be Stopped

Markets are once again climbing, with the NASDAQ up by 40. The Dow is still lower — but for how long?

For the first time in weeks, I awake without any tasty fish. My cupboard is bare and there isn’t anything in my holdings up sharply. I’m mostly cash, but I did manage to catch a PIECE OF SHIT into a secondary filing, so that’s down 25% now. I have two options — sell and lick my wounds or DOUBLE DOWN. Normally doubling down on a POS is a bad idea, but sometimes it’s a good idea — especially after a filing of shares. I haven’t decided what I’ll do; so for now, I am doing nothing.

Since I am not participating in this rally, I have to go fish now and try to make up lost ground. Markets look incredibly SAFU and it’s amazing because we do not have an economy.

Who needs an economy when we have the Fed, right?

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18 comments

  1. gsofield

    Markets can collapse now. I have capitulated my short MES position after holding for the flush that never came. Painful fucking beat down.

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  2. itsgold

    Future headline…DT overdoses on hydroxychloroquine… market rallies to ATH.

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    • gsofield

      I doubt that ape is even taking it. He floated that bombshell to distract the media. He just carpet bombs us with bullshit daily and everyone’s head is spinning. Mission accomplished.

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      • narcist

        It bothers me that he is losing the seniors. Look at his plunging poll numbers in retiree states like Arizona and Florida.

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        • numbersgame

          It’s because most people are self-centered.

          For rich retired seniors, Republicans helped their IRAs, and most of what the Denocrats supported didn’t help them. Even on healthcare, they already had Medicare, so what beneift is it to them if others get the same thing? They’ll be dead before environemntal changes really affect them. Nobody shoots up nursing homes. And as long as they can have non-citizens tending their gardens and as nursing aids and maids, then the immigration situation is fine with them.

          Now when COVID-19 threathens them diectly, then they realize that their life is more important than their 401k.

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          • narcist

            “Am I more likely to die if I give this deranged fat fuck 4 more years?” is literally becoming the real question to more and more voters in the 65-plus demo whose racism and xenophobia made them vote for him last time.

            That’s a hard choice to some to a varying extent, depending on how racist and xenophobic they are.

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  3. 1option

    $KL motha fucka. Because ya see, this profession is filled to the brim with unrealistic motherfuckers. Motherfuckers who thought their ass would age like wine

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  4. trumpmeister

    We are instilling confidence and creating a V shaped recovery by pushing everyone 401K and IRA to new highs.

    F this Chinese virus. Our stock market will resume its former glory while the Chinese stock market will be officially locked in the fag box.

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  5. narcist

    The metal space (including Palladium) has been catching bids for days. Platinum is up more than 10% in 2 days.

    Silver is poised to hit $20 the way things are moving.

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    • metalleg

      Silver is looking like it did in late 2010 when it ran up near $50 in late April 2011.

      The move last Friday looked like the start of a breakout to me.

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  6. trumpmeister

    Bought 100K of Jan 2021 LYFT calls at strike prices of 42.50 and 45.00 today. We are pushing this thing to a new high and take out all the CCP shorters that began against the USA Steak. Trump and 115 other nations will sanction against China shortly and send those mfs back to eating bat soup.

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  7. numbersgame

    Remdesliver is doign soooo great in trials (/s): I wonder when Gilead is goign to publish their full results? They said May, and we’re more than half-way through.

    GILD: pump-and-dump, triple top, collapse. MRNA next?

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  8. purdy

    So far the best thing to do is to find the most obvious sector to short, and go long that sector. It won’t last for ever – but Fly was righ ..ri …wasn’t entirely wrong re housing.

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  9. indie

    $WEED is back baby, like it’s 2018…

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