In between sips of beer and cooking two corned beefs, I clawed out from a -150bps hole to end only -56bps. The reason for this is simple: I am a highly efficient, highly competent, ultra professional manager of money. There is never a trading day that I cannot pull rabbits out from hats and amaze others with astounding feats of magic.
For the week, I made 2%.
As of the banks.
— The_Real_Fly (@The_Real_Fly) March 17, 2023
They’re gonna bail them all out. But until they do, many more will go under and pain will be felt by equity holders.
Into the weekend, I am hedged with UVIX, TZA and I own a 10% position in BITO — because BTC has been defensive.
It’s nearly impossible for me to justify heading into the weekends without some shorts. There are too many red flags out there now to just sit idle and hope dip buyers show up Monday.
As usual, I’ll see you in Stocklabs on Monday for another weekly allocation into the quant.
To my Irish brethren: enjoy the day and drink merrily and eat fatly — for this is likely to be the last St. Paddy’s Day you’ll enjoy prior to the ultimate and final collapse of Western Finance.If you enjoy the content at iBankCoin, please follow us on Twitter