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
20,566 Blog Posts

Taking a Step Back

I have to be somewhere in a half hour and this fucking market is bananas. We were down 150 NASDAQ, and now barely 20. The Dow is surging and small caps are +2%. Meanwhile, my DUST position is firming and SOXS is barely down — a bet against the semis.

Every fiber in my body says to fade the tape; but that’s been suckers bets since March.

Until I am ready to sit down and get a grip on things, I’ll remain 70% cash.

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3 comments

  1. purdy

    SRLN high and tight breakout the other day ..price target $49+. Crazy.

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  2. soupbone

    Does the bitch TINA live or die? She dies.

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    • soupbone

      Opps, a wee tasteless comment. There Is No Alternative (TINA) refers to the investing situation we find ourselves in.

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