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

FULL COLLAPSE UNDERWAY*

Aspiration is the enemy of man. It keeps us satiated to feed off of dreams and also from awakening to the harsh cold realities of the truth. When in a dream-like trance, I envision all sorts of trades going right for me — at the mast of a large ship firing grape into a town of devils. In this dream I alone return from the battle victorious, everyone else completely slewed.

In the real world, I keep thinking the market is going to go up and so the way my mind works, simple enough, I hold onto the dream, in this case it was LABU and CWEB and WCLD. See I sold all of my longs at the open bell like a good boy should. But then I also sold my hedge and then I was forced to reapply a hedge via DRIP and then forced to keep forcing myself to adhere to the markets and now I am down 1.05%.

See how that works?

The NASDAQ IS THROUGH THE FUCKING FLOOR BOARDS, led lower by SAAS, as silicon valleys favorites get gassed and exterminated. I want to believe there will be a turn higher — because it fits my world view.

But look at me now, -1.37% for the month, but angry and possibly irrational enough to turn it around.

(there I go again)

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11 comments

  1. Mr. Cain Thaler

    Bond bulls who spent three months lecturing everyone on deflation and the ingrained limits of yields have seen themselves butchered in just three days.

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  2. traderconfessions
    traderconfessions

    The God of Mean Reversion is cruel and unsparing. Condolences.

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  3. it is showtime

    Collapse, Breaking pt, And, Decimation

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  4. og

    Make SAAS great again….

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  5. Mr. Cain Thaler

    It’s still premature to declare victory, but it’s getting closer by the day.

    If you think the indexes bloodletting into todays close is bad, I’d be more concerned how many commodities are holding up or even just shrugging it all off and still green; energy prices seem to have grown despite three days of pure carnage in bond markets. ISM data points to significantly higher input prices in December. And oh yeah there are still 10 MILLION unfilled job vacancies (because everyone aged 55 is retiring 10 years early thanks to their 401k tripling).

    It’s stagflation, gentlemen. We’re now solidly in a wage-price spiral. Just wait to hear how much salaries got negotiated this February. Inflation pressure not not topped.

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    • rigged game

      It’s BOOMFLATION – GDP is soaring. People LOADED with BidenBucks.

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      • Mr. Cain Thaler

        GDP always grows in inflation. 7% CPI will do that. But it isn’t real growth. The economy is not doing well it’s all just bookkeeping games.

        Like San Francisco pretending that making ships wait 100 miles off the coast rather than 50 miles off the coast is fixing the supply chain. The metric is fixed, the problem remains and is getting worse.

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  6. emersonlakepalmer
    emersonlakepalmer

    69
    I just named a number
    of what
    Irma rep is doing
    With her dog

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    • irma vep

      I logged in just for you after I saw no one was paying any attention to you. I don’t have a dog, And “r” and “v” are fairly far apart on the keyboard. Are you drunk?

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