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
23,536 Blog Posts

REMINDER: MARKETS ARE RIGGED

I see lots of things that make me believe “this is it — this is the fucking crash”. But then I kindly and quietly remind myself the trannies in DC always win and the banksters in NYC always find a way out and rig this market higher.

I’m up 15bps thanks to a very light and hedged book. I’d go 100% short here only if I was insane. Since I like money and making it, I’ll probably remain in cash and then look to buy dips here.

Why?

We are oversold. In spite of pax Americana being over, they always find a way to save the stock market. This time will be no different from the others. HOWEVER, I am open to suggestion and might even acquiesce to my more carnal feeeeeeelings should rates begin to jimmy higher.

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One comment

  1. metalleg

    Fed mouthpiece hinting of a rate cut in 3….2….1

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    • 0 Deem this to be "Fake News"