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
20,951 Blog Posts

Markets Appear to Be Doing Nothing — But Are Being Fucking Destroyed

All of your PLUG type stocks have been dispatched into hades, where the Gods will torture them for eternity. The rotation is taking a severe turn now, as AAPL and FB gallivant higher in the face of appalling losing in small capped tech and healthcare.

Listen to me, as I am now old and odious looking, it’s over. The time to buy dips has long past and soon you will see a truly horrible spectacle in the form of massive margin calls amongst the cadre of Reddit Retards who opted to poke fun at the suits on Wall. You can never win, and shall never win, and you will soon learn that lesson in the most harshest of terms.

I abided by this tenets and only shed 11bps today, trade a little, booked a few gains — mostly nothing. I am 65% cash, heavily allocated into large cap tech, and think of the market as an organism in transition.

It was fun. It was the most fun I had trading stocks since 2000. The money I made isn’t important, not more than the memories and the feeeeeeeling of certitude. Nothing feels more better to a man than certainty, the confidence to manifest his destiny without fear of retribution. But it’s over now. Best to get back to the gym and train for hard times, as this whirlwind of sell orders readies to heave over and spill guts all over the place.

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