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
23,431 Blog Posts

Everyone is Up 10% Today But Me — FUCK YOU

You know, sometimes you’re the goat and other times just a goat. When I saw futures skyrocket last night I had wondrous visions of cocaine rallies starring myself sashaying throughout the office, ensconced in winship. I was going to be terrific, boasting and bragging about my IQ and how it permitted me to foresee the rally to come. The Era of Joe was to kick off with Le Fly gallivanting through the markets like a naked champion, chiseled, dragging a 10 inched cock.

But instead of all that, for whatever cosmic reason out there, I am getting clobbered — as if stocks were down 2,000 points. My Quant is -225bp, trading -250bps and my new LT dollar cost avg portfolio is -500bps. These are not returns you simply wash over and ignore. This is the sort of stuff that causes a man, a man such as myself, to spiral into a manic outrage — punching holes in the sheet rock, blaming random relics around the room for my misfortune.

Luckily for me, I have a great sense of humor and have discarded my ego some time ago. However, this rally is built from play dough and it looks like it will soon unravel and fuck everyone severely.

Or, it will keep fucking me, and I will lament the Era of Joe as if it were a toxic poison that needed demonic exorcism. Hopefully brighter times are ahead during this new paradigm. So far, I hate it.

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11 comments

  1. og

    People heavy tech momo should be hurting today. That’s me…

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  2. purdy

    Yes. People wanted desperately to feel good. Lot’s of joy in the streets. Politically powerful medicine …if you are a pol and this kind of news is associated with you and not the other guy.

    There must have been interesting deliberations as to the timing of this announcement. Had it been done last week, it would have been seen as politically timed ….just as it is today (but instead benefiting the other guy).

    Anyway, if the vaccine is real, compliance will now be relatively high amongst Biden voters, but lower amongst Trump’s. Don’t know if that will be to the benefit of the deplorables or the soy crowd.

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    • metalleg

      Now picture how it rolls out with Trump as president.

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      • purdy

        Picture the favors that a small group of pharma execs will harvest for the rest of their careers.

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    • ha

      The timing was based strictly on science.

      Just like 6′ distancing – science
      Distancing in S America, 8.5′ – science
      (the southern hemisphere strain of the virus uses the metric distances to calculate who it kills)
      10 people at a table, safe – science
      10 people at a table w drinks, deadly – science
      10 people at a table w a main course, safe – science
      10 people at a table w side orders, deadly – science

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  3. alty

    https://twitter.com/litcapital/status/1325845628224671745?s=21

    VBR is where it’s at boys

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  4. purdy

    Covered SHOP here.

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  5. heckler

    Seems quite obvious to me, you’re simply being punished for your sins, Fly

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  6. barbee

    Sorry to hear that boss. I guess that’s a risk you take w/ your particular trading style-all or nothing bets. Mostly, that trading style pays off for you but not so much for me . (I’m peanuts and can’t really afford back-to-back losses like you can).
    NOT rubbing salt in any wounds here but Yes I had an amazing day. One of my top ten.
    And TWO of the stocks I sold today were tips from this mysterious Dr Fly.
    RRGB bot 9/15/20 sold today for +10.16%
    OUT bot 9/2/20 sold today for +8.82%

    Other stocks I sold today from Exodus tips:

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  7. barbee

    I also sold:
    YELP bot on 8/7/20 +13.94%
    CPE bot on 9/8/20 +14.74%
    SLCA bot on 10/1/20 +20.75%

    Thanks to the mysterious Dr Fly and his amazing team at Exodus.
    I had a great day…in the ‘lingo’ I was up 437 bps. I’m happy.

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