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
20,565 Blog Posts

LEADERSHIP ONLY IN TRASH

Pennies and small caps are mostly higher, more than 1%, while larger cap stocks do nothing. The Dow is higher by 200+ and the Nasdaq is off by 40. The rotation we’re seeing today is out of FAANG and into piece of shit mortgage and other low market cap offal.

While I do enjoy this form of speculation, I have a keen sense of uneasiness right now and it has washed over me like an electric current. I am partially disappointed and partially sickened by my current pastiche of “winners” and might clean them out shortly.

Gold and silver are higher, which is only adding to my angst, since I own DUST. Other than that, more than 50% cash — waiting for something to pounce on.

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3 comments

  1. teslawasright

    This time is different for precious metals. EB Tucker say don’t get in front of this freight train.

    You can’t look good playing tennis. Try pickle ball.

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  2. purdy

    Trying TBT again here (H+S). Also, companies that own assets in the ground – not just PMs – continue to do well.

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  3. barbee

    Do you leave your mojo on the slopes?

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