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

HOOKED

Just when I thought it could not happen to me again — it happened. I got HOOKED after seeing Trump’s retarded SPAC sperg out +400%, based on some rift wing circle jerk party. I delved into TALK RADIO of all things, doubled sized positions in both MDIA and SALM — bogged out of both for malignant losses.

Then I dove into PHUN on newz these catamites were developing Trump’s app. As soon as I bought it, the stock galloped higher and I was feeling grande — like a crisp $100 bill. Then within seconds it faded. It faded with my finger on the sell button, lost forever. Bogged

I ended the session -3%+, not due to bad picks — because the balance of my positions did fine — but due to the fact that I am a gambling degenerate fucked for face. My weekly gains POOFED in one fell swoop. What more is there to say other than Fuck Trump and all of the media cucks that behind TRUTH MEDIA. For the last god damned time you have fucked me. ENOUGH!

Aside from that, markets look good. But I really can’t even begin to look at the market clearly, following such an immense sojourn into FUCKERY!

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16 comments

  1. edge

    I went from a .3% early gain to a 1.75% loss. Just one of those things.
    I was in Trump’s bullshit organ for about 2 minutes and made two bucks per shitty share. Good enough.

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  2. Mr. Cain Thaler

    Who are we kidding. The market entered a new bear at the beginning of September, the last 2 weeks was a fierce bear rally, and it’s about over now.

    FB -5%
    INTC -7%
    GOOG -2.5%
    SNAP -25%
    TWTR -4%

    But bigger picture are bonds. Look at the devastation that is the yield curve today.

    https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield

    Rates are about to gallop higher, and yield was about the only argument stocks had going for them.

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    • edge

      Nuh-uh. Fly says buy.

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      • edge

        But seriously- nearly half of the Fed board thinks zero bound is appropriate for another year, or more. And here comes even more stimmies.
        Crazy? Well… Fed estimates of inflation are more accurate than private estimates.
        Place your bets! Take your chances.
        I will stand by this advice at least until…uh…FFS, be quick or be dead.

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        • it is showtime

          10 yr back to may-april highs
          If it’s allowed to break that’s it
          If fedfucks flood it indexes float

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    • it is showtime

      Intel

      soxindex

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  3. fxtradepro

    A very apathetic market tape makes gamblers of us all. After 18yrs I’m still fighting the end of day “gamble” trade. Sometimes it works and you finish the day not really feeling any better or inspired, but when it doesn’t it can fully ruin your night. So just don’t fucking do it period.

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    • edge

      The less seriously I take this farce the better I do. It’s not random, it’s insane.

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  4. cancel19

    Tomorrow! Will be $PHUN

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    • edge

      I read the story. My only question is WTF?
      A double based on that is nuts. I’ll probably buy in tomorrow.

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  5. Dr. Fly

    PHUN ripped in AHs. Please ignore this post

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  6. edge

    https://ritholtz.com/2021/10/inflation-inputs/
    Speaks for itself.

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    • Mr. Cain Thaler

      So Barry could be right, but his analysis presumes basically that the last 30 years of globalized trade is the baseline and that we will return to it inevitably.

      I’m taking the other side, which is that the last 30 years were an absurd abnormality in a much larger history of nation states for whom finding the optimal lowest dollar manufacturing cost was actually a secondary concern next to national security.

      In general, I think that there will begin a major push, emanating from DC think tanks and the like to reshore vital industries and to rethink lean manufacturing concepts not as a method of providing cheap goods but as a weakness that hostile foreign regimes can exploit.

      As this occurs, economies of scale will continue to unwind and goods will continue to increase in price (which in turn will pull services costs higher as employee pay is negotiated up to compensate).

      By and large the emerging symphony of the last decade has been one culminating in American withdrawal, UK Brexit, European stagnation, the English speaking world forming new alliances of self-interest (British Empire is coming back), emerging Chinese nationalism and Han supremacy, Asian hegemony, and a general reemergence of Great Powers politics.

      All of this bodes poorly for American supply lines scattered across a globe we increasingly cannot support without aid from hostile foreign powers.

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  7. Mr. Cain Thaler

    Holy Phunhouse. Nice win.

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