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
21,152 Blog Posts

Middling Down Day — Traded Back to Mediocrity

I don’t use the Dow or Nasdaq as my barometer anymore — because they’re weighted and piece of shit indexes. I have my own in Stocklabs, spliced clean by market cap and then whole using the top 4,000 stocks — a much better and realistic view of the market, imo. We had a moribund session, only accentuated by intermittent bouts of volatility, of which I partook. I ended the session up 4bps, further extending my winning streak — loftily and obnoxiously presiding over all of you +221% YTD.

We will continue the struggle tomorrow — 25% cash, weighted mostly in old man stocks.

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