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
21,514 Blog Posts

Great Tape

This is a much better tape than I originally suspected. I removed my hedges and allocated about 40% into some choice stocks chosen by Stocklabs and will now cavort with Mrs Fly amidst the North Carolina landscape. I am +1.7% for the session with little of my money exposed and although I haven’t made back all that I lost yesterday — it is a fine day.

I am not going all in because I am not sure if this is another trap from which is assault me with. You should always assume danger and expect rugs to be pulled, in order to temper your emotions from such eventualities.

We are having a live ZOOM call tomorrow between 12-1pm to discuss the professional features of Stocklabs. I greatly suggest all users and prospective users come. To be invited, please email [email protected]

Ciao.

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3 comments

  1. cmj

    Rinse & repeat, any dip is a buy.

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  2. Mr. Cain Thaler

    There is this entire subgenre on finance twitter that seems to have invented this reality where the government cannot suffer bond yields to rise because they have apparently variable rate debt and they’ll happily have the Fed just monetize debt forever even if bond fund and foreign participation drops to nothing because hyperinflation is apparently great for people who depend entirely on bi-annual elections. And these people are just asking for it.

    Here on Earth, the government sold trillions of debt that doesn’t mature for 20-30 years for like 1%. And if bond yields soar to 6% they will pay…1%. They only have to worry about the rollover and if rates go up yeah taxes will have to go up. There is no reality where a bunch of Representatives and Senators take 6%+ inflation lying down. Stocks be damned. They’ll just short the market before giving the order.

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    • Mr. Cain Thaler

      There is also this massive disconnect between the commentariat – who have decided muh Fed will just print forever – and the actions of the executive branch itself – which is desperately trying to expand revenue sources by closing loopholes and passing a bunch of shameless cash grabs dressed up like regs (see OSHA).

      Would they seriously be harassing voters and small businesses this bad if they didn’t see the writing on the wall? The last time they were this handsy it was 2009 and treasury was drying up.

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