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

PARTY OVER: MARKET COLLAPSES AFTER NEWS OF BIDEN’S PLAN TO DOUBLE CAP GAINS TAX

I had to drive my son to the airport and then run some fucking errands with Mrs Fly. While that happened, news hit the tape that Jim Fucking Biden wanted to HIKE cap gains taxes to 43% or higher for richer fucks. This might seem like nothing to you because you’re an idiot. But it is CATACLYSM.

Bear in mind, it was the idiot Bush who lowered cap gains during the pangs of the dot com collapse and then Trump lowered them some more and we all enjoyed glamorous gains. If cap gains is to DOUBLE, well then, FUCKED.

I had stepped back into the market before I left — because fun and games ha ha ha, suck my dick. But now I am regretting it and my 2% gains have dissipated to 0.2% and my appetite for risk is near zero. I feeeeel like shorting and I might do it. The only things that holds me back is the fact that it’s so obvious — so a Constanza trade might be in order.

We’ll see.

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One comment

  1. bennyhill

    It only applies to the 1%

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    • 0 Deem this to be "Fake News"