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
20,961 Blog Posts

*** CATACLYSM ***

The world stopped spinning today and shares of anything relating to solar or alt energy or EV is spiral down the drain and into the ocean to be eaten by sharks. The NASDAQ is swooning lower by 210 — but it was much worse earlier today. My Quant is off by 220bps now — well off the lows of -800bps achieved at 9:45am. It was heart-attack trading; but I could not help but to laugh at the losses.

I know it must bemuse you to understand the levels of fatality that I desire. Alas, markets are lower and I am losing 500bps in my trading. Ask me if I give a fuck.

I am still up more than 100% YTD and have 40% cash, eager to toss it right back into the fucking fires.

This could, as you know, be the end. This could be the beginning of the great unraveling. High rates and commodity prices might be codifying your demise. But I still don’t care. The kids are older now and my expenses are increasing with college — but I’ve made enough to ignore small vibrations and I know, if I might say so, I can turn on the printing presses anytime I want.

Today I am passively permitting my holdings to stagnate because I am betting on a late day rally. Should it fail, I suspect we trade lower in the AM.

But you never know. Do you?

If you enjoy the content at iBankCoin, please follow us on Twitter

9 comments

  1. emersonlakepalmer

    I do know that sometimes when I sneeze I get a boner. Do I have the corona-cold?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  2. edge

    I’m down about 200bps. I really doubt that this pullback is a big deal. It’s not like the money creation genie has died.
    But as you say, who knows

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • edge

      BTW. Lucid Motors, that new electric car outfit with a shit ton of Saudi oil money behind it, announced that it is in need of people who can do the things that BlackBerry is already doing.
      Don’t take your eyes off of BB.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. one-eighty

    OK. I’ll bite.

    Do you give a fuck?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. edge

    The oil patch is happy. Really happy.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. ezthere

    Jessie Livermore said, when commodity prices are raising its a good time to be in stocks.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. edge

    ZH has an article about the commod dam about to break.
    Not gospel but worth a read.

    • 0
    • 0
    • 0 Deem this to be "Fake News"