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
21,399 Blog Posts

GENTEEL RETURNS

I am completely back in the saddle now, actually bowling on fuckers in my path. I have reserved my emotions and have complete control over my investments, which are 95% cash as of right now. I had a solid morning session, made a few trades, did a little of this and a little of that, up more than 55bps so far.

Markets are not pretty and not conducive with leisure, so I opted out after I bargained my way towards a respectable level of return. I am now approaching +200% for the year and +7% for the month, all but erasing last month’s anomaly. I would request for you to check my track record, SIR, if your state of mind is one of disbelief and fall back on the knowledge that states Le Fly’s supremacy over all traders is part and parcel of this era we live in.

I might re-enter back into some risk or sell short. No one knows what I’ll do. One thing is clear and straightforward: I am winning again and nothing can get in the way of this streak. The Gods have been placated with the blood of my enemies and the tree of liberty watered inside of the denizen of Stocklabs, to bring forth a new era of magnanimity and grace. May the leaves of wisdom fall gingerly upon your breast and your pockets fill with coin and erection medicines so that you too might enjoy life in your late sad years.

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9 comments

  1. edge

    I think both the economy and markets are in good shape, barring a black swan- which is not on the radar (by definition).
    The stimmies will come through and the debt ceiling will be navigated but sooner or later a panic or mini-panic will erupt over those things.
    I’m buying VXX as it gets cheaper and IBB looks vulnerable.
    Licking my chops waiting for a coal short.

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    • edge

      The problem with a coal short at the moment is that I expect Manchin to come away with some kind of a coal deal. Sell into the rally.

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  2. edge

    Up 1.57% so far, earned in ribald fashion. My overnight trade was ATLC which netted me what my overnight hedge cost. I don’t bat what Fly does.

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  3. Mr. Cain Thaler

    Stocks are rallying because people want to buy them and keep the good times rolling.

    Interest rates are rallying because inflation is picking up.

    Energy prices bottomed hard this morning and are now running trend again.

    Only two of the above will last.

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    • edge

      Oil in storage looks OK here, at least for now, and the industry is running at only 75% capacity.
      Natgas bulls have a problem. Gas is being bought quickly by the utilities, just in case, because they’re just a little behind and don’t want trouble with the regulators, but a scenario where gas supplies will be a problem is very hard to imagine.

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  4. Mr. Cain Thaler

    I don’t think natgas US futures are rising because of inventory. We aren’t Europe or China, after all.

    The natgas trend isn’t much different from any of the other commodities. They’re all in sustained upward price trends, and the reason is probably monetary and speculative, not supply side.

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  5. Mr. Cain Thaler

    LOL AVIR

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  6. Mr. Cain Thaler

    OMG people on the internets are seeing the Fed forecast imminent recession and are replying “Bullish”.

    The Fed can’t save us like they’ve been. There was no problem before so long as inflation played ball. It isn’t anymore.

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