BUBBLE IMPLOSION TERRIFIES WALL STREET — ORDINARY STOCKS JOG ON — SHADOWS OF 2014 LOOM

Pro tip: don’t chase those fucking bastards heading lower. The temptation is palpable and the allure of fast money great. Back in 2014, I was long the FOUR HORSEMEN OF DEATH and barely escaped its clenches. I was succumbed by great and avarice and ended up knifing lower by 30%, hammering my clients into dust. It is a real thing, a very real thing indeed, to behold and bemuse oneself with the specter of rapidly dropping stocks. But do not permit its horrors lure you into its fold.

Simply stated: chase performance. Today my Bubble Basket underwent a cataclysmic decline of 6%. It is now lower by 16% for March, 8 days in. My long term portfolio and Quant were busted hard for 5%, all the while I performed a master stroke in my trading, +170bps, closing at session highs because I did not chase rapidly decreasing in value shares, but instead went into retail and other storms that were gathering throughout the day.

Mostly, I was in cash and closed the session with 65% of my portfolio in cash, a cowardly affair. But it’s important to fear the bear when its nose is poking around, otherwise you too might end up on the receiving end of gnashing or two.

I have partaken in several amusements today, trading in a little of this and a little of that. I am presently at session highs of +175bps, whilst having a cash horde of 70%. I do this out of caution more than anything else. I am a MASTER ACE STOCK TRADER, swashbuckling through time and space in an effort, mind you, to help out his fellow man earn enough coin in the markets to find a sojourn to St. Thomas and be waited on by private chef and butler, boat rides and the whole 9 yards. I do this out from extreme generosity and for that, you ARE WELCOMED.

The Dow is higher, led by retail and industrials, while the NASDAQ is lower led by tech and semis. We have an inflation worry presently and it makes for a messy tape.

Find solace in knowing I and only I will find the seam on the ball as it turns and spins into a slider and only I and I alone can smash it into the rafters.

My trading has evolved quite a bit these past two years, especially since starting and completing creating Stocklabs, which is finished now and only awaiting minor fixes to launch. If it seems I am in no rush to launch SL that is because I am in no rush to launch SL.

I normally sell everything at the open of trade these days and start new. The way stocks move now offer enough beta for me to reset daily and live off intra-day or overnight returns, instead of swing trading — which I view as antiquated now.

I liquidated everything this morning, booking 142bps in gains and then I took a 14 second trade in OPGN and made another 6%, upping my daily gains to 172bps. I am now 100% cash, not only because I am a guru Master Ace fucking genius — but because I had to drive my mother in law to the airport to depart back to NYC after a 4 month sojourn at House Fly. These circumstances weren’t by chance, naturally, as the Gods favour me in this regard and made sure I was out before the rug pull.

I offer zero advice, other than to suggest the SHITCOIN MANA is going higher. I also believe ETH will double this year, so any monies added into it here seem, ostensibly, like a wise decision.

Non fungible tokens is what they’re called and its success is a byproduct of excess, people having too much money and not knowing where to spend it.

Alas, here we are on the final frontier of inanity — but I don’t have contempt for it while Basquiats sell for $100m. He didn’t have any talent, other than being a fantastic drug addict.

In summary, people are spending large sums to acquire 30 second NBA highlight clips that records them on the blockchain as owners of it and they’re spending millions on digital art and now it appears tweets are being sold, all considered to be collectibles. If this upsets you like many of the defi projects in crypto, ignore it. However, if interested in perhaps profiting from this, take a look into the following SHITCOINS:

MANA, ENJ, THETA, CHZ, WAXP etc.

Access the full list here.

On the issue of earning interest in your coins, Gemini now offers 7.4% for DAI, which pegs to the dollar, essentially riskless according to current doctrine. I feel uncomfortable staking my coins, so instead I buy the coins of the companies who do it, specifically UNI and AAVE.

I re-entered the arena of men and surveyed the landscape and took what was rightfully mine. It was an arduous open, but I never had a doubt about the Gods and my abilities to shine thru when it counted most. I have literally saved the market today from damnation and for that, I accept your thanks.

I closed the session on margin, +310bps and ended up for the week, a week marked and marred by my vacation which thrust markets into turmoil. But all is good now, as I am back at the levers, turning the wheels. May the history of man take note and appreciate the magnitude of today and chisel it into cold marble for all the world to remember and rejoice in its grandeur.

A lot can happen from now until the close, but by the looks of it the good guys have won again — routing the brainless drones who keep selling short stocks. The narrative started with oil stocks thru the roof and the complete collapse of bubble stocks. There is still a pervasive weakness in those names presently; but on the all, the market has recovered.

As I write this, the Dow is +400, Nasdaq +110. My Bubble Basket of over-valued stocks is still down by 3%, but that’s well off the lows of -13%. The selling pressure has abated and it looks like the bears are being lined up now and sent to the City Square to have their testicles removed.

As such, Le Fly went all in, long stocks at 100%. I did this, not because I have an allegiance of the markets or because I like to support markets — but because I want to destroy shorts and make them pay for all of the anguish and suffering they have caused me and my family since I entered the business in 1997.

I would not be surprised to see stocks COLLAPSE into the close — clown raping me and many of you out there reading. However, the stock Gods have told me they’re amused by Friday rallies and might permit it to last, so with that I am in their hands, hopeful for the future, angry for the past.

Here’s a quick tip for you fucking morons out there: quit buying rapidly knifing stocks. Once you do that, your misery will end. How about this for an idea?

Buy up stocks, since that’s the direction you want to go.

The market never belonged here in the first place. It was all fiction. Now I have a lot of money in my quant, but that is now geared towards semis, finance, and oil, since it follows trends. I also have a long term portfolio that is heavily long tech. But I am dropping $10k per mo in it for a dollar cost average extravaganza. The only portfolio I have that could be at risk is my trading, since I too am subject to the caprices of man — from greed to sloth. But since I’m not a fucking idiot, I’m not chasing stocks down the drain. See I grew up in the sewers and never want to go back there, so I don’t chase things heading for it.

Oil is doing unbelievably well and I am long only oil stocks, but even those stocks are getting hit now. The only thing to do, if you’re not short, is to sit around and wait for a turn. I’m 70% cash, all in for oil, down 50bps, patiently waiting.

Even the most green reader of mine understands that when I decide to go on vacation — all hell is about to bust loose to the downside for stocks. As I cavorted with the Order of the Cincinnati in Charleston — markets did indeed Mcplunge by more than 800 points. I, having very little exposure, barely lost anything in my trade — but absorbed those losses grandly in my Quant.

The way I see it we’re long overdue a reckoning in the market. The inflation jitters are here and probably to stay. Ergo, the market is making the logical assumption that rates have to go up. If rates go up, markets would be fucked. Alas, we are now enjoying the backend of the blade — straight down the bellies of all you fat hogs. You got rich off this bull market, but now it’s over. Rookie bastards were having too much fun — talking shit on Twitter. Now your accounts are zero. How about them apples?

I re-enter the market tomorrow a severe man, on a mission to save the people from a market brutality unseen since March of 2020, when the world itself ended and we entered into a simulation phase where the richest man in the world shit-posts about dog cryptos and fake space flights to fake Mars.

My prediction is simple: watch the 10 yr yields. If they go higher, stocks barrel lower and vice versa. However, and this goes without saying, the 2-10 yield spreads are 100% crack for banks and they’re enjoying this ruinous bond action — since they stand to profit immensely from it.

Carnage over the past 2 weeks.

Today the sporting website and pizza slob, Dave Portnoy, launched his ETF= BUZZ. I believe this to be an abomination and have good reason to believe the stock gods are angry because of this. A man who cavorts pizza shoppes and gambles money on basketball games has no place in finance. Might I suggest he cease trading immediately and open an account with Goldman instead of trying to “fight for the little guy?” Via making himself rich off launching of ETFs. This is a diabolical circumstance and needs to be rectified.

I cashed out today, 100% cash in my trading. While on vacation I lost 2% for the week, a small loss but annoying nonetheless. The Towne of Charleston is fantastic and I like how the old moneyed families here hate new “off” money, truly remarkable.

At any rate, I depart today and will be back to trading tomorrow. Let’s hope the markets don’t completely collapse. For the past few weeks, the Joe Biden administration has brought us nothing but pain and misfortune . My gains of +140% are barely enough to buy me a carriage house in Charleston. Let’s hope and pray for greener pastures and may the Gods strike down BUZZ and make Portnoy go back to burning his mouth in scalding pizza slices again.

It’s always amusing to me how out of touch I feel when away from the market for just a day, sometimes a few hours. Yesterday I Eddy Barzooned myself into a pastiche of stocks only to Barzoon the fuck out today to no avail. I’m presently 90% cash with little confidence to trade anything until I get back home.

Thus far, cryptos appear to have placed in a bottom, even though twitter declared them to be dead several days ago. My new SHITCOIN purchases have gone very well, some up in excess of 20%.

The City of Charleston is beautiful and the food is great; but the weather in early March is an abomination. Also the fucking ferry ride to Ft Sumter had to have been one of the single worst experiences of my life. The stench of diesel fuel and the sea made the cabins uninhabitable, ergo forcing me into the very frosty outdoors to withstand the elements all for a stupid fort that meant nothing, and still means nothing.

I’ll try to trade into this mess until I head out; but I don’t feeeeeeeel like I’ll make any real headway, until I’m back home in front of 400 monitors, overseeing my empire from the comforts of magnificent office.