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
23,413 Blog Posts

Winning Whilst Losing

There is no man on this planet who wants to see the market down more than me. But, having said all of that and knowing the market — I could never sell short into the hole without upside hedges. This market is already down 30%. I made the bulk of my +50% returns in the beginning of the year and have been careful since then.

Why?

Because I am a professional.

But you can’t stop what is coming.

Czech had relied upon Russia for 100% of their gas imports before the war, now zero. It is unusually warm in Europe now — but that will not persist. We have a substantial problem ahead of us and Europe is going to be de-industrialized.

All that aside, markets looks great. Get ready for mashed potatoes and turkey legs.

I’m +60bps for session whilst bearish as fuck — waiting in the tall grass for fresh meat (pause).

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3 comments

  1. txchick57

    I’m up 6% for the day and loading UVIX. Thanks BOIL and TLT

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  2. soupbone

    The most talked about, telegraphed recession in my time raises the hackles. Like we are being warned from Government, Wall St CEO’s, main stream media; everybody knows about this recession. I could see a political stance perhaps, like “we told you it was coming so no surprises eh”. Whatever else is being supressed in this two weeks is no doubt equally important.

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    • roguewave

      recessions and reality have been outlawed for 2 weeks.
      Fill up at the gas station before e day

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