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
23,558 Blog Posts

MARKETS COLLAPSE AMIDST THE REALIZATION THAT IT’S OVER

It’s 100% over — but I still bought SHOP, CRM, and SE today. Old habits die hard and although today’s feverish rally was in basic materials — SHIT OILS popping 50-100% a piece today — I ended up saving my session with a 15% UVXY position. My gains weren’t ribald, more of the genteel nature +1.42%. My quant gained 2.3%.

This bodes well for me, especially with the NASDAQ collapsing 500 points of pure agony. I was a believer in peace at the open, but no more. Never believe in peace, only war.

So as we ebb towards inevitably — keep note that we have weaponized the dollar and all of our corporations against Russia — whom we deem as our enemy. No emerging market in their right mind will want to be in our system any longer. It’s now us and Europe vs the world. Perhaps it works out for us — but the global growth story that kept us nice and safe, knitted together, is dead.

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10 comments

  1. duuude

    Huh. completely forgot about the growth bit. Welp

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  2. moneymindsoul7

    There is no alternative for 3rd World Countries than to be subservient to US companies

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  3. og

    52 week lows everywhere.

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  4. ho_chi_min

    Gem of a tune.

    You still holding mETH coins?

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    • trumpmeister

      Fly and I bought ETH at the same time. We are both still up 10x from our entry prices. DGAF at this point. But there will be a time when ETH is min 10x from here due to unchecked inflation likely in the next 12-24 months.

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    • Dr. Fly

      I have been selling my ETH since Jan

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  5. chickendawg

    SHOP was down 6.66%… figured you’d buy it.

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  6. roguewave

    @Marc_Also · Mar 6 They’re asking Elon Musk to remotely turn off all Russian Teslas now

    I disagree. They should have the Teslas lock doors and drive occupants to WWII style domestic internment facilities. Like what they did to Japanese in the US during the war.
    Then resell the cars.

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  7. soonerxii

    a lovely tune

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