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
23,477 Blog Posts

NASDAQ RACKED FOR 420

Stocklabs did not flag OS into this maelstrom but it did for individual ETFs like QQQ and the data is poor, which bodes poorly for the poors long stocks here.

Listen to me.

We are at Defcon 3. Russian military assets are on the move near Alaska. They cannot defeat the US head to head, so might as well detonate some nukes over DC. This is where our leadership has gotten us and I don’t blame Biden. American Presidents are not in charge, as clearly shown by the Trump admin, who resorted to tantrums on Twitter rather than wielding power.

Pax Americana is over. I have been telling you this for a year now and I hope you’re starting to understand it isn’t us vs them. We have no natural enemies in Russia or China. The enemy is within.

I shed 15bps in my trading today, made almost 2% for the week to start October. The session was maligned with startling losses and those losses might doubled up soon.

NFLX is 38% off the lows.
AMZN is 12% off the lows.
AAPL is 8% off the lows.

Should tera cap tech drop 10% from here, expect another 15% lower in the overall market. Under those deleterious conditions, one would expect to see black smoke and shards of metal bustling throughout urban centers — balls of fire presiding over the countryside — creating infernos out of corn fields.

As such, I ended with a heavy UVIX and DRV positions, hedged with some SOXL and mixed in with long CRUDE (not oil stocks but fucking crude you asshole), short euros, and short bonds.

I look into Joe Biden’s sunglasses and see the visage of his iced cream cone and sell short every single time.

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5 comments

  1. purdy

    “The enemy is within.”

    White supremacists?

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  2. it is showtime

    Receipt for nuggets and jr bacon cheeseburger with, clipped coupon, Four, Twenty

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  3. it is showtime

    Since the last buy my DRV (one of 5 or so inverses I don’t trade, very necessary to trade others to hedge or avoid losses) is +145%
    Avg price 30.56

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  4. bob smith

    We are going much lower…

    From https://www.palmvalleycapital.com/post/let-s-get-nuts?utm_source=pocket_mylist

    “Market cycles that soar over 600% from their lows and reach valuation metrics rarely seen typically do not end with a wimpy 19% decline from all-time highs.”

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