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
23,484 Blog Posts

Shoot First, Ask Questions Later

The sell off in the banks have intensified and I don’t give a fuck what the news is or might be — only that they’re cratering. The XLF is red candling like a motherfucker today, off by 2.5%. You’d be wise to hedge or sell short into this debacle, as we do not know what this move might portend.

Banks are off by 3% and the Euro is down 1.1% vs the dollar.

Bottom line: we are now bearish as fuck.

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