MARKETS BLAST OFF AS THE FALL OF KIEV LOOMS

What more can I say, other than Wall Street speculators, my ilk, are a bunch of immoral mountebanks always hunting for opportunity, especially during periods of human suffering. I’ve seen this play out so many times, from floods, to hurricanes, to wars, to pandemics. Investors, mind you, do not care about suffering. All they care about is how the event will affect business. This is a fact of life that is perhaps bereft of grace, but part of the human condition.

The NASDAQ has jumped 650 points since Russia invaded Ukraine. We could not get a rally going the whole year and all of a sudden — BAM — fantastic returns.

YTD the Nasdaq is down 13%. Le Fly is +4% — because he is a professional and endures the test of time. While many gurus have come and gone during my tenure at iBankCoin — I remain a stoic constant — here during the good times and also the bad.

The news out of Europe is increasing in seriousness by the hour and I really do fear we are on the verge of global conflict. The words and actions taking place now is setting the groundwork for escalation. As such, I closed the session heavily long commodities and heavily short via TZA and long volatility via UVXY.

One fact of life is my +12.5% gains for Feb, which in turn provides me with room to explore higher degrees of risk. The reason I was able to gain 200% last year was because of my very large gains early on in 2021, providing me with the leeway to express myself to my fullest. During the second part of 2021 my gains were muted because markets had changed and I went into defense mode — aiming for preservation of capital.

In my opinion, the current environment is ripe for speculation and increased risk is worth the shot, especially when exploring long bets in oil, gas, grains, coal etc. Also, because of the rally, there is opportunity to short stocks, based off the backdrop of a weakening economy racked with inflation and slowing growth.