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
23,452 Blog Posts

Markets Explode Higher; Biden Warns Russia

Big rally today because Russia seems to have moderated from their position of attacking Ukraine. Biden came out at 3:30 and warned we financially rape Russia if he attacked our pet Khazar state and offered to engage in military combat if he opted to fuck with any NATO states.

Since I had some hedges and lots of oils, I was entreated to losses of 1.7% and that trend is continuing in the AHs, due to the fact I chose to take an earnings gamble into the AHs and of course…TOST blew up. Toast must be the worst company in America to sink like this, 15% in the AHs — providing a dying industry of Nazi collaborators with software to keep track of their patrons vaccination status.

I added to UVXY before the bell for the sake of averaging down. It’s a high stakes bet; I am however very long in other areas and view it as a hedge.

These past two days I have forsaken my good fortune and given back more than 3% — thanks to being wrong about the direction of the market. Just last week I could not miss — making 12% in a period of turmoil.

My ideas have gravity and they’re mostly well thought out aside from the occasional trade. I cannot accurately predict the actions of nation states but can merely view what is normal and what is different. It is normal to assume peace will continue and that other countries might not choose pain and suffering for their people’s. But then you see things like large military build ups on borders and cannot help but to wonder what is really happening. Is it all a ruse or is it really happening this time?

For me, this is a RARE occasion to place bets. I could very well lose betting this way, heavily long oil/gas and short small caps and long volatility. Should we get a break in inflation, not that we will any time soon, energy stocks will crater and tech might rise terrifically. In a scenario such as that, I could lose 5-7% in a single session. Alas, I trust the Gods won’t harass me in such a manner and merely toss obstacles and toasters in my way towards success. We shall see this evening what the news from Moscow brings.

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9 comments

  1. ace noodle boy

    eth to 200

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  2. roguewave

    Until there’s a major withdrawal of troops; little has really changed.

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  3. roguewave

    In the long run it seems this arrogance will end badly for Trudeau.

    Long term very bullish for censorship resistant crypto.

    https://www.armstrongeconomics.com/international-news/canada/trudeau-will-freeze-the-bank-accounts-of-all-protestors/

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  4. irma vep

    Stay nimble. I’m expecting the ole Rocky and Bullwinkle routine from these world players. Your gang may disagree with me but President O’bama was a master of the routine. It’s a routine that Trump could never pull off. https://youtu.be/kx3sOqW5zj4

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    • irma vep

      Why not? Absolutely no wit.

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    • emersonlakepalmer

      The late, great PJ O’Rourke said it best (and I apologize as this is just from memory and may not be the exact quote): Obama administration was just like the Carter administration but they wore better sweaters.

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  5. irma vep

    Here’s something fun. Great chess video; better than the Super Bowl and the Olympics. It’s only 4 min. https://youtu.be/U5vnpOp0U_g

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