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
23,450 Blog Posts

LET’S COLLAPSE THIS BITCH

Good day —

Today we bore witness to a most grotesque market reversal and hundreds of stocks falling by more than 5%. Before we gain erections, you should remember that all market drawdowns, at least recently, has resulted in a mean reversion lift.

The difference is, this go around being different and all, JOE FUCKING BIDEN IS BRAINDEAD and the bond market is in turmoil — as the Federal Reserve fixes itself onto America’s middled class in a most deleterious manner.

I am trading small — but closed with a 10% hedge in UVIX. My intent or goal is to profit from America’s financial collapse. If that should not materialize, I also intend on profiting off sharply higher stocks.

All bear markets start somewhere. Let’s hope today is the start of something truly terrible.

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