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.If you enjoy the content at iBankCoin, please follow us on Twitter