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
22,033 Blog Posts

THE CRISIS HAS ENDED; MARKETS RESPOND FAVOURBLY TO EASILY PREDICTED FED FUNDS MOVES

Listen to me.

The market went up on news the Fed is going to HIKE RATES into your fucking face, causing RAMPANT unemployment, pain, and suffering. Do not avail yourselves to believe the crisis has ended, in spite of my headline. The fact of the matter is, and pardon me for being candid, the beginning of the end has only just begun.

Having said that, I am not an idiot and positioned myself amidst longs and shorts with a slight bias towards going LOWER. At some point, and hopefully soon, the rally will FAIL and markets will resume its downward trajectory en route towards the inevitable retesting of the COVID lows.

Although terrible, the single best thing that can happen to the west is its complete destruction.

I closed the session DOWN 36bps because I do not gamble and would rather poke my eyes out with BBQ stocks than go directionally long into a brainless rally fueled by emotions.

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5 comments

  1. duuude

    BBQ stocks.

    Gracias

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  2. metalleg

    You will be proven correct.

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  3. discoordinated

    I think the brainless masses have a few days in the sun before capsizing.

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