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
21,309 Blog Posts

I Hated My Bed, So I Burned It

The bed I made for myself yesterday seemed inviting, up until the point when the market opened and shed light on all of the urine stains on the sheets. I turned my portfolio upside down and replaced many tech stocks with oils — since America is once again enjoying Joe Carter era gas lines. I find it amusing that both solar and alt energy are suffering under Biden, all the while oil and natty is enjoying unparalleled bullish pin action.

Nevertheless, I still have losses of 100bps and this sad story is being shared amongst millions of traders across the globe. We must’ve forget the good times and the fact that WE WILL TRADE GREAT AGAIN. For now, we push on thru the tall grass and fend off the devils in order to make it through.

Tech stocks are more or less dead and the only place to catch any momo is in commodities, reminiscent, in a bad way, to 200-2008.

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5 comments

  1. wolfdaddy

    Stocklabs sign-ups not working? Nothing happens when you click sign in

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    • ak137

      Same issue here. Suspect we must show patience or be cast into utopian purgatory

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    • benbernanke2020
      benbernanke2020

      same issue. i imagine a bunch of people are getting fired today

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  2. emersonlakepalmer
    emersonlakepalmer

    Epic fail.

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  3. maxx2000

    I dunno, my “short homebuilders like a mofo” trade from Monday is making me DOGE rich…

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