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
23,445 Blog Posts

This Time It’s Really Over

Let me offer you an excuse for missing out on the coming crash. It’s up to you whether you choose to accept it or not.

I had to drop my wife off at the airport this morning and then shortly afterwards I had to pick up my mother in law, who is staying with us in lieu of our trip to Europe. I had been quite busy — barely enough time to absorb all of the news — and now find out in the after-hours the entire regional banking sector has blown up and JP Morgan will soon be tasked with nationalizing the entire banking sector.

I guess when Jamie said “this part of the banking crisis is over” what he was really alluding to is another crisis looming in the foreground.

ALL REGIONALS ARE BLOWING OUT ON NEWS THAT PACW WAS LOOKING FOR A BIDDER. The fact of the matter is, this time it’s really over.

LOOK AT IT.


Data by Stocklabs

This hurts especially because I was heavily hedged 10 mins to the close and decided to go long on a whim based upon my testicles. Like I said, I had been busy and although my allergies are non-existent, the fact that I had to do so many things should more or less excuse me from my disastrous positioning. I might actually ask the NASDAQ and the NYSE for a full refund, based on these events.

My plans entail letting loose some blood tomorrow and then quickly reacting in size to what I see in front of me, which is code word for shorting the market down to zero. I might’ve missed out on the opening salvo of the coming fires, but soon enough I shall partake in the roasting of the heads of my enemies over campfires as if they were marshed mallows for a s’mores treat.

I do not feeeeel very good about all this and I am delighted to see so many banks ripping lower amidst a gargantuan move in the VIX and blowing up of oil — I am dismayed, saddened even, by these turn of events as it directly pertains to missing out on all of the fun.

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

9 comments

  1. txchick57

    You knew you’d get called out on this one.

    I will say however, the real move is going to be UP. The bond market continues to price in a Fed cut — so what are you selling for? Get the fuck out there and grab your balls and get long.

    Long you say? Maybe some gold and and some Bitcoin

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • tokyojoewasmyfriend
      tokyojoewasmyfriend

      Continuation is more likely than change and the direction is down unless $AAPL can provide a life raft. Banks are providing the Credit Market blowout that JP desperately needs.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. richardweiner

    When I was growing up, we used to call Snickers bars nigger penises because they look like a veiny hard nigger penises. Do kids these days still talk about grabbing a nigger penis after school or has society become too woke?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. richardweiner

    When I was growing up, we used to call Snickers bars nigger penises because they look like a veiny hard nigger penises. Do kids these days still talk about grabbing a nigger penis after school or has society become too woke?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. richardweiner

    When I was growing up, we used to call Snickers bars nigger penises because they look like a veiny hard nigger penises. Do kids these days still talk about grabbing a nigger penis after school or has society become too woke?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. richardweiner

    When I was growing up, we used to call Snickers bars nigger penises because they look like a veiny hard nigger penises. Do kids these days still talk about grabbing a nigger penis after school or has society become too woke?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. richardweiner

    When I was growing up, we used to call Snickers bars nigger penises because they look like a veiny hard nigger penises. Do kids these days still talk about grabbing a nigger penis after school or has society become too woke?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • john galt

      Here’s the deal Richard, that’s 4 posts too many….. I have never heard a snickers bar called that in 45 years and I’m saddened it never caught on because that is outstanding. Can the fed hike on one day and then cut on the next?

      • 0
      • 0
      • 0 Deem this to be "Fake News"