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
21,000 Blog Posts

Dreadful Pinaction

The death of the momo-trader is in full swing now, masked by benign moves in the general indices. You get these pops and you think it’s like before — but it’s not. It then collapses onto your face and you either have to fess up to your stupidity and cut losses or preside as it wafts lower.

This is the after-effects of a combustible market, led by a bunch of GME-DOGECOIN fucking morons. We have the weakest hands of all time — people on welfare, playing the market with their stimulus checks. The indecorous mess we are in is only matched by the absurdity of the COVID debacle. Far and wide, stretching out as far as the eye can see, people are racing, clamoring even, for a dose of vaccine to be safe and to avoid being stricken by the aerial aids.

It’s a somber somber day at House Fly, off by more than 300bps, losses exasperated by my attempts at recovering from an opening of -150bps. I am officially in a slump, off 2.5% for the month now and there isn’t an end in sight.

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8 comments

  1. prometheus

    CockLabs to the rescue!

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    • metalleg

      Don’t worry about Señor Fly. Even when it looks like he’s losing, he wins.

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      • tradercaddy

        Except in tennis, when he loses he loses and when he wins he still loses.

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  2. juice

    buck up young lad

    more losses directly ahead

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  3. og

    Market looks like shit. Covid ain’t over for the rest of the world yet.

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    • prometheus

      Bill Gates fucked it up for poor countries. Turns out he’s the many-faced God.

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  4. fxtradepro

    I witnessed a “Doge Coin” hi-five at a wedding i attended this weekend past, by two of the most inept looking turds you’ve ever seen. And to boot, my idiot uber driver back to the airport on Sunday, also was hooting and hollering about it Doge Coin quest with an initial investment of $200. This is a bubble and nobody will convince me otherwise at this juncture.

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  5. awanka

    I pray for annihilation, Mr. Fly! We deserve to wander the streets blind like Oedipus for this moral degeneracy.

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