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

NOW IS NOT THE TIME TO PANIC

Congratulations plebs, we are finally oversold. Markets have been twisted into pieces and the yield curve is completely fucked. The US 10YR is +17BPS to 3.68%. This is a crisis styled move and I’m here for the blood.

However, and this is really non negotiable, I will not be selling short over the next week.

I’m 100% cash, +36bps, waiting for an entry on the long side.

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3 comments

  1. Mr. Cain Thaler

    We need $TLT to bounce to get a relief rally. Looks like maybe $101-103 area. Hopefully middle of next week.

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  2. traderconfessions

    Those who have mortgages below 4% can now get treasuries above 4%… As one famous economist once said … that is pretty, pretty good. We old folk can now buy them solar panels.

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