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
20,414 Blog Posts

SECOND WAVE FEARS GRIP WALL STREET

Well, I wanted drama. We have it today. Stocks are getting pummeled, even drawing down on my virus related stocks, which I thought would be immune to the pangs of SECOND WAVE FEARS. The day is still young and anything could happen, but it would make sense to get some sort of broken elevator action in market to blend wonderfully with all of the chaos and the mayhem.

The VIX has been depressed. Maybe it’s time to wake her up.

I will like vaccine and COVID-19 related plays, but might grow wearisome of them in a big way, should they keep going lower. I am also looking at treasuries and gold to hedge.

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15 comments

  1. soonerxii

    #au2k

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  2. trumpmeister

    Buy the dip and dgaf

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  3. og

    Man these GOP governors are gonna mess up the Covid recovery aren’t they?

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    • narcist

      Trump’s re-election strategy is (or has always been) to keep fucking things up till he can cancel the election.

      He’s winning.

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  4. trumpmeister

    Welcome the margin call kids. This is the time for big ballers to make a lot of money.

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  5. heckler

    WOW – WA state making it a crime (misdemeanor) for not wearing mask in public. Can’t find the details regarding the nature of the crime but I believe a simple misdemeanor is punishable by 90 days in jail. A gross misdemeanor could get you locked the fuck up for a year

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    • ericbakerbruce

      heckler, be careful if you plan on entering a parallel dimension this evening. I recommend fasting for 24 hours prior to meeting higher dimensional entities.

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    • og

      Stop reading just the headlines.

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      • heckler

        I didn’t, I also found the statute: RCW 70.05.120 The mask law would fall in here. It would mean if enforced, not wearing a mask would be criminal and punishable by a fine and jail time (if jury convicts). Kinda fucked up.

        I would have just started writing tickets if it was me….

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