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
21,907 Blog Posts

THE CLOSE WAS COLLAPSED!

Big fucking surprise. I closed +0.69%, 34% cash, hedged my longs with TZA-UVXY. I do the ETFs so I can sell them at 4am if needed. If I did options, I’d be subjected to market hours.

A dreadful tape, but do not expect the bottom to drop out. You should expect chop. We are in a furious circle jerk on the IWM since Feb. During the month of December, nothing happens.

We are down 0.96% on the IWM for December. We might spike tomorrow or perhaps the open is faded and we rally from there. Either way, my bet is for middling action of the very ominous nature. We are likely to heave over and give way in early 2022, so be ready to get net short and burn this fucker down to the ground.

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7 comments

  1. Mr. Cain Thaler

    You have to love all the NATO dipshits thinking their threats mean anything to Putin.

    We just got a preview of what’s to come in the natural gas market if anyone does shit when Russian tanks roll through Ukraine.

    European strategy is even worse than US strategy and that’s hard to pull off. Not only did they also put their manufacturing base in China but then they set their entire economy to run off Russian gas, even as they shuttered their nuclear planets. They pulled their own pants off then chained themselves over a barrel.

    “Wait he won’t fuck us now, will he?”

    Um, yes. Yes Putin will. He is many bad things but stupid isn’t one of them.

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    • roguewave

      To our dear taliban friends,
      Hey you know that $70 trillion worth of tanks, helicopters, trucks, etc. we left there a few months back?. We didn’t think we were going to need that shit but whadya know, things changed. And you know those thousands of countrymen and allies we abandoned? If you haven’t killed them yet; please tell them to ship half of that stuff to Ukraine and the other half to the South China Sea. Tell them they’ll get time and a half. (We really mean it, this time.) Turns out Ukraine and Taiwan want to join the North Atlantic Treaty Organization.
      We have enclosed prepaid FedX labels to Ukraine and Taiwan.
      And the last 20 years; I hope you didn’t take it personally. Your bud, Jim

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    • purdy

      Not sure that the Europeans are stupider than us …but if they are stupider, it is due to their underestimating how stupid we are …how willing we are to sell war and instability. We installed a brain-dead president and we have Blinken, Sherman, and NULAND!!! of all people calling the shots at State.

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      • Mr. Cain Thaler

        Their entire strategy has been to hide behind us even as our State department became overrun with chic activist nonsense and their activistsslipped a gimp suit on their economy. That’s practically definition “dumber”. We may be idiots but we’re “we still have 10k nukes” stupid.

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  2. roguewave

    well played.
    just looked at today’s results; I was torched in my heavy water portfolio
    base case: still looking to scale out in a big way after a blow off crypto top. Afterward, a long winter is anticipated while they build this stuff out. Development is currently at a breakneck pace but there is so much to be done. It will take a couple years more before crypto truly eliminates today’s fat, stupid and lazy intermediaries.

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  3. roguewave

    no fumes because the mask filtered them out. Just like it filtered all of the common cold viruses last year but none of the – others. Perhaps Dominion Corp is now manufacturing voting machines and epidemiological statistics.

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  4. flea

    Nice song! I see NC is getting into you …

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