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
21,264 Blog Posts

A Wondrous Time and Market

Are you having fun yet?

I went to pick up ANTIFA FLY from the school yard today and left +2.2%, a genteel and fine offering. I felt good about the stock market because it had looked good and everyone inside Stocklabs was making money — talking with their mouths full — day drinking in the sun but not drunk, just imbibed enough to drive into the sun and parlay over on the side of the road with a fishing pole to catch tonight’s supper.

Lo and behold, tragic events awaited me, once again, and I came back to an account down 50bps from the peak and then I got stubborn and bought more and then the market went lower again and again and again — ending the session off by 132 NASDAQs. It was the sort of day where buyers evaporated into dust and nothing but sellers, a steady drip of them, led the market lower by its nose, slow and easy — simmering almost. By 4pm I was done, up only 67bps on a day when I was supposed to gain 3%.

For the week I was RACKED for 5.5% and I close out this week entirely long and in fact on some margin. I am supremely confident we bounce very hard on Monday — because the spirit and the mood of the country is grand and joyous. We are building back better and united, more united than ever, and the spirit of Jefferson courses through our veins in our fight against COVID and all of the many 80 years old and morbidly obese good people who are dropping dead because of it.

Personally, I cannot wait to get vaxxed and then in about 5 months boosted so that I too can cavort again in NYC, like when I was a younger man, and gain access to privileges, such as eateries and perhaps a Broadway show, maybe even a cocked tail. From my vantage point, as a nation, we cannot allow the unvaccinated go unchecked and live amongst themselves spreading viruses to those of us who are FULLY MEDICATED. I propose, if I might be so bold, to send cops into minority areas and force them to inject the medicine into their bodies. I say this, not to be racist or anything like this, but I find it so annoying that 75% of black folks do not want the vaccine and have not taken it. This, as you know, cannot stand, and we should restrict these people from flight, access to healthcare, and all of the many privileges responsible people in America are afforded, thanks to Dr. Fauci, Bill Gates and everyone else at the NIH and BIG PHARMA for making us safe again!

If you enjoy the content at iBankCoin, please follow us on Twitter

11 comments

  1. duuude

    Gates and Soros just happened to buy a testing company.

    Coinkidink

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  2. edge

    Just get the shot people.
    Have you seen those hillbillies on CNN? Jeez, grow up.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. edge

    I used yesterday’s rally in IWM to do some put buying…uranium stocks jumped today. Glad I didn’t ’em.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • edge

      Glad I didn’t sell I mean. How come I can’t edit? And to think that I bought one of your books.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  4. irma vep

    Want some wine with your whine.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  5. reversion

    I didn’t know fly was a 70 year old OANN viewer….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. The_Swede

    The world is getting darker.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. bizerkus

    If all y’all haven’t figured it out, you’re losing your freedom everyday President Kamala Jo Biden is in office. The world thinks it wants communo-socialism so the masses can get their guaranteed paycheck and surf the internets while smoking crack and eating Ruffles in their tiny house. How idyllic.

    In the meantime, keep investing in assets like stocks or crypto, making money in this ridiculously liquid markets that will continue to go up. Inflation is here to stay and your measly 10% returns won’t cut it when prices of everything go up 20%. The big risk is to not take risk and not bank coin.

    For those who don’t have an eight-figure nest egg yet, if you say your prayers and are smart about trading and money management , maybe you can make enough to buy some of your freedom back.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • purdy

      Inflation? Bah.

      While the cost of my Big Macs and cheese puffs is up quite a bit, the checks I’ve gotten from Joe Biden …and the decrease in my rent to zero …have more than made up for the rise in the cost of those items.

      But still, as a single mother of 9 (from 9 different fathers), I deserve more help from government …and I deserve your sympathy.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  8. bob smith

    You realize of course that you’re taking the same side as “Americans” whose IQ is equal to their air-conditioned room temperature.

    Tell me please… why should I listen to you when you and follow the your financial advice when you follow the most poorly educated and most likely brain-washed by FOX news?

    It’s like taking financial advice from a snail. Now, why on earth would I do that?

    • 0
    • 0
    • 0 Deem this to be "Fake News"