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
22,270 Blog Posts

No Hedges into Tomorrow!

I want to be part of the club now. I put my brain in a jar and just bought whatever the cool kids are buying and have accepted the fact that up is down and down is up and my cynicism is unwarranted. As a matter of fact, cynicism has been unwarranted since 2009. Each and every time the world ended, it only got fatter and bigger and more grandiose.

Back in 2000 the aggregate revenues of publicly traded companies were around $5t. Today we approach $25t.

The cabal always wins. Their power is unstoppable. DIS beat estimates and hiked rates on their retarded streaming service by 38%.

Nothing stop the winship.

I closed the session only +15bps, due to hedges and defensive stocks. My Quant was +450bps. I closed out my hedges and ride into tomorrow without a harness.

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6 comments

  1. it is showtime

    “avg volume rig”

    hey cabal I had a little UDOW little FAS for today haha

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  2. soupbone

    The ugliness of the political landscape is only just started…and the cost cutting households are capable of is greatly underestimated or not even contemplated.

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  3. one-eighty

    Seditious former guy under multiple investigations, house searched, refuses to answer on the grounds it may incriminate him.
    Markets surge.
    Love it.

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  4. donnie wads

    Within spitting distance of the 50% fib. Between that and the June highs a lot of resistance here. Buyers need to step up…

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  5. john galt

    I got 3 free chickens this week, I’ll equate that to removing hedges. Gotta feed em for eggs and meat. Another 10 were available but that would need a 15% bird flu insurance? I try to follow along but man it sure feels like people are not playing by the rules these days. Call it constitutional or my code, either way im situated on a elevated position.

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  6. Orson

    Markets defy logic due to central bank manipulation. Impending reset long overdue.

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