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
22,427 Blog Posts

MARKETS REFUSE TO COLLAPSE

It saddens me to report this, but I am very net long overnight. But I did so in a manner on par with being a gentleman, via an array of conservative dividend paying “old man” stocks. My largest risk is BIDU and I have a 15% SQQQ position to hedge. I closed the session with a win, +115bps, and 136% leveraged — because I have fucking ground to make up man.

The intelligence backtest algorithms inside Stocklabs is predicting a solid tomorrow — but extreme doom after that.

We had numerous chances to collapse today and did not. Because of this, I bought the 52 week high list and left the tech shit down 80% for the year for some of you assholes out there to dive into. You do know, mind you, you’re diving into a concrete pool without water?

BOTTOM LINE: I am bullish via my brain but my heart pines for extreme downside action, the type of action you might expect dressed to the nines with a glass of, say, CHARDONNAY in your hand brimming with Latour and all of a sudden the fucking cable snaps and it crashes lower — flattening you into the ceiling of the death trap.

Enjoy your evening.

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One comment

  1. bob smith

    There is so much wrong with the current markets, I don’t even know where to start.

    Suffice it to say that Jay Powell is on it even though the markets haven’t gotten the memo… yet.

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