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
21,914 Blog Posts

The Close Was Crashed: Nibbled

I was on my game today, via not trading. I held a 10% position in TMF all day, betting on flight to safety. It worked and I held and at 3:57 I stepped into TQQQ, leveraged NASDAQ, because nothing says “fuck you” like buying into calamity.

Jim Biden’s mandate got shot down in the Supreme Court today — which must be annoying for the vaccinated fucking retards reading this now. Look and listen to me: fuck your vaccines. I’d rather die.

Moving on, I think the market is in for a severe correction, on par with the misery of the 2nd Obama term. Expect stocks lower by 35% this year, under immense pressure from ever facet of production. Having said that, we trade the ranges and hope for the best and we most certainly sell before 9:45am.

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5 comments

  1. it is showtime

    Where’s that trip back to 4810s. fedmUthers.

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  2. tjnyt

    When showtime shows up or Fly gets convinced the market is going south, it heads N.

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  3. natehois

    Yeah like Pelosi is going to let her calls get fucked

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  4. Mr. Cain Thaler

    35% at least for this correction (not sure on timing).

    Some of my scenarios I could see a 65% – 75% drawdown. But it’s hard to assign probabilities. Recent history suggests that’s improbable but oh man…if CPI keeps pressure while the correction happens, the odds soar.

    Basically rather than forecasting just wait for the correction and keep one eye on commodities and another on 10 year yields. Don’t move until those trends break.

    If it’s just 35% then it will be over this year and commodities will death spiral before or as yields top out.

    If it’s more, you’ll know.

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  5. Mr. Cain Thaler

    Futures looking like a Chinese ditch in the commie revolution, there are so many bodies.

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