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
21,503 Blog Posts

CRUELTY

Nice pop and drop and now what? We opened up with the idea that hope is possible and now we are bearing witness to civilization crumbling before our eyes.

My position was very secure, now not so much. I went from a handful of well performing stocks and a TZA hedge to no hedge and crashing stocks and now I have a TZA hedge again but it’s too late.

We are crestfallen and it is my error for believing in the bull. The tell was spiraling lower biotech stocks and now the blood is everywhere. I’ll be careful not to get whipsawed again.

Down 80bps early going.

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2 comments

  1. purdy

    As stocks come off, PMs are holding gains this time. This makes sense to me.

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  2. Mr. Cain Thaler

    NatGas up 11%
    Copper up 3%
    Oil up 2%
    Lumber up 4%

    Yes sir, inflation will be rolling over any day now…

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    • 0 Deem this to be "Fake News"

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