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
21,077 Blog Posts

Staying in Cash (for now)

I was on tilt Friday, buying and leveraging into commodities in the hopes of going green. What I could not do on Friday I did today, surging 187bps in trading, more than 450bps in my YOLO. I was going to leave the stocks that were working, but seeing the overall condition of the market made me change my mind, so I’m 100% cash.

Gains are locked in. Cash has been raised. Let the cataclysm begin.

High beta stocks are off a staggering 4% today. Tech is dead.

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