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
23,163 Blog Posts


Do the charts of GOOGL and SBUX look bearish to you?

It pains me to say this — but we’re in a bull market again and the bull have this on auto-pilot. I view the chances of an imminent downside move to be zero. I’ve leveraged up 135% long amongst a pastiche of well to do larger capped stocks ranked highly by the Stocklabs ranking system — attached to an already 100% long book from quantitative picks — many of which are in the oils.

I do not wish a bullish market on my worst enemies. But alas, this is what we’re facing and it would BEHOOVE me to not take free money, when presented in such an easy fashion.

I gained 52bps for the session, in a very easy and delightful afternoon. I am once again feeling excellent and my mood is coming around to being acceptably cheerful.

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  1. it is showtime

    Vix containment programs and index rebound programs are on because

    Biden expected to announce reelection campaign
    CBS News
    6 hours ago

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    • purdy

      Hopefully Zients will script only one …two max …syllable words for the announcement. And for God’s sake, have someone escort him off stage once he’s done.

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