If you lived in the 1940s, you probably would’ve thought the world was really fucking nuts, same as today. The upside now versus then, at least we’re not killing each other on an industrial scale. There’s lots of humiliation and nonsense FUCKERY taking place — all designed to make people feel bad. None of what you see happening is making anyone feel good. Letting off steam and becoming violent leaves a person feeling worse, after the adrenaline dissipates. We all feel good when we’re building towards growth and renaissance.
The market has been ignoring the COVID-19 shut down and of course the riots, which have all but destroyed the fucking economy. Never has there been such a wide chasm between Main Street and Wall Street, which is probably fueling the riots with a little extra gasoline.
Business as usual for us — the heat from the gasoline will get even hotter as the summer months deepen.
You can view my Twitter media stream for up to date videos of the global race riots. Very entertaining stuff.
You can’t put a price tag on human rights — but that’s exactly what I want to do. FUCK OFF — this is a stock trading blog. Take your riots and have fun with them. I endeavor, all of us endeavor, to profit from that brick left on the side of the road into and out from the window.
The LA riots cost an estimated $1.2b. That was mostly isolated in one city. This fucking riot is contagious — displaying its angry face in all major cities in America — more or less upwards of 400. Taking into account these fucking looters stole and broke and burned just about everything in their path, I am obliged to presume damages are in the $500b range.
You have to estimate inventory loss, materials, labor, and all of the downtime. Business will never be able to open, as long as there are rallies every day — for fear of that little communist group lighting it on fire in the name of ANTIFA.
As markets rage towards new highs and we watch the country literally burn, I am reminded that this behavioral study we’re partaking is tricky — always throwing curveballs — changing the rules of the game as we go. In trading, at least from my vantage point, the only rule is there are no rules — believe nothing and assume everything.
I could easily project myself to be a genius today, shilling like a motherfucker about my SHREWDNESS and how awesome I am for nailing some trades. Truth me told, my process is now automatic. You know what it takes to make money in this market?
IT TAKES BRASS BALLS TO MAKE MONEY IN THIS MARKET.
Look at me this morning — talking shit, showing you these trades.
XSPA +51.6%
CDR +18.6%
UAA +10.7%
DAN +4.1%
GT +15.8%
KIM +10.9%
FNKO +16.1%
CC +14.6%
OLED +3.8%
DDD +3%
CREE +4.6%
(UAVS -5.2%)
Then what did I do? I made even more money.
FRAN +37%
See pal, those gains you see there have nothing to do with anything on my end — it’s all the market. It is a gigantic clown show of monumental proportions. I cannot stress this enough: I HAVE NO IDEA WHAT IN THE FUCK IS GOING ON HERE — but have extreme faith in following along like a dodo-bird into the crevasses of Wall because I think there is food and water there. Maybe I die in the crevasse, maybe not. Either way, it’s only money.
Into the close, I bought some other stuff and raised cash to 80%. My stock picking is strong, but I’d say my discipline to sell quickly is my greatest strength, alongside my keen awareness of the winds — always knowing how to monitor risk and the feel of the market, embedded in the behavior of the tick. These are things you cannot know unless you trade. You cannot learn these things from a lesson, so do not come here for advice.
I am a fisherman. I fish. You should probably just sit down and eat — because no matter how hard you try — you will never be as good as me.
Enough is enough already. We’ve been hoaxed. It’s hard to understand how we added 2.5m job vs an expected loss of 8 million. How can the analysts be this stupid?
Dow Futs are +650. How can this be happening, 1,000% gains off the bottom? Sure, why the hell not?
I felt the pressure to perform and came thru in fucking spades today. While most of you succumbed to market calamity — down 100 NASDAQS — Le Fly outperformed and thrusted his fucking knife into the faces of his many enemies.
Look at me.
VISL +19%
MARA +22%
NYMT +12.6%
SKY +10.8%
AA +8.4%
USCR +8.9%
OLN +6.8%
(SOLO -12.8%)
(WTRH -8.6%)
Those last two FUCKERS prove that I too am human. I have numerous other stocks on the sheets — all gains, and I move quickly into tomorrow’s storm with an umbrella. Nothing has been able to stop me. Believe me, I’m out here with a fucking lightening rod and the Gods spare me from excitement. I cannot lose no matter how hard I try — ’tis my curse to provide exemplary market returns for an unappreciative audience.
I caught 5 cancellations in Exodus this week — all for various reasons — mostly candidly stupid people who couldn’t tell the different between livestock or common stock.
Tomorrow I will report back here with more winners. This will continue until the end of time, or until I get bored of doing it.
UPDATE: NEW AND IMPROVED IBC TRUCKER HAT IS HERE!! Support your favorite fucking finance site, who is AD FREE, by placing gratuitous orders.
I fucking blacked out tired last night — can’t even remember when I fell asleep. After movie night at House Fly, I went upstairs — brushed my teeth and the next thing I remember I woke up AFTER the market opened. This quarantine end of world cities burning business is making me a slothful man. It’s time to get back on schedule and trade the market at 5am — like the gods intended.
Jobless claims were greater than expected, 1.8m or so — bringing the grande total to over 42 million since COVID-19 struck us. I’m so happy its been cured and we can all go out now and rip down the Washington Monument. The Nasdaq just hit a RECORD high — making COVID-19, essentially, a STUNNING SUCCESS.
Look, sacrifices had to be made for the betterment of the country. My Uncle perished in the Corona fires, or perhaps he was a crisis actor all along and is now nestled away on a Soros estate. Either way, we all got fat and rich — based off the fear.
The economy isn’t working. People are burning all of our cities down now — and markets are at RECORD HIGHS. What does that tell you?
I grew up in a culturally diverse part of Brooklyn where many of my best friends were people of color. I’m married to a latina and my step-father is from Morocco. In spite of having 4 masters degrees and a Phd in mathematics, sadly, some people still probably look at him and wonder if he’s a terrorist.
In most parts of the world, we demonize one another for various reasons — mostly rooted in our own insecurities. Many of my white friends are reticent to support the Black Live Movement, not because they’re racist — but because of their own insecurities. It’s the same when women talk about women’s rights and some men are like “what about men?”
All of the looting being done is terrible and I view those people with malicious disdain. However, my heart breaks for the vast majority of black Americans out there, honorably trying to uplift their communities — who’ve been plagued by generations of poverty and disenfranchisement. Wouldn’t it be great to see that vibrant community free from the yoke of systemic crime and shine — displaying their talents without prejudice? Naturally. I don’t need to parrot what other’s have already said — the Floyd murder was unconscionable and that doesn’t mean all cops are bastards either. My sister works for the police and some of the best people I’ve ever known were cops. My brother in law is NYPD — tasked with breaking up human trafficking. Our world is filled with nuance — ebbing and flowing between good and evil is how most people end their lives — with very few saints amongst us.
Judging people should never be binary.
Here’s why everyone should support the ‘Black Lives Matter’ movement. This is a unique chance of heightened awareness to help your neighbors uplift themselves and to make sure they’re treated fairly.
A question was posed to me today — regarding celebrities searching out black businesses to support them.
“Why are they only helping black businesses? What about the best product?”
I get that and do not think this person is a racist for asking it. We’re all too god damned fast to label one another on low information. And truthfully, I hate it altogether. People change and I’ve seen it with my own eyes — turning hatred rooted from insecurities to love from friendship.
I said, “I think it’s a terrific idea to support a black business to show appreciation to a community who needs help now.” And it isn’t pandering or me virtue signaling to make myself feel better or perpetuate an image that can be viewed progressive by people I am trying to impress. It is not progressive to be kind to others and that’s the way I always try to live my life.
But it hasn’t always been that way — growing up in a broken household, poor, and limited avenues for growth — I often resorted to anger to fuel my passions. I suppose we all evolve with age, some of us faster than others and some not at all.
I felt the need to make my opinions clear because I’ve been outspoken about the riots and have been highlighting them on my Twitter feed. I see you black America for what this moment is really about — and hope we can finally see some evolution in the way we treat one another.
You’ve been vandalized. I closed the session 90% long. I blew out of my gun stocks and other defensive plays. It appears the entire country needs to be rebuilt and this is how it will work. Follow my logic and indulge me.
THUGS BUST LOOSE AND KOOL-AID GUY INTO CHANEL TO TAKE EVERYTHING.
THUGS THEN SELL $25k HANDBAG TO NEIGHBORHOOD RICH GUY AND CAPTURES $10K IN PURE PROFIT.
$10K IS THEN USED TO BUY NEW CAR, FOOD, AND OTHER STUFF THUG LIKES TO ACQUIRE.
CHANEL FILES INSURANCE CLAIM AND RECEIVES $30k PER BAG
CONSTRUCTION CREW HIRED BY CHANEL TO REBUILD STORE.
CHANEL SUPPLIERS WORK OVERTIME TO RESTOCK THEM WITH NEW BAGS.
CONSTRUCTION CREW ORDERS NAILS, SCREWS, CONCRETE, SHEETROCK, WOOD ETC TO FIX STORE
INSURANCE CO GETS UNLIMITED MONEY TO PAY CHANEL VIA THE FED
FED GOES BRRRRRR
US ECONOMY POSTS +30% Q3 GDP.
The people bear witness to millions protesting around the world and are no longer scared of COVID-19.
Thank you for participating in our behavioral study.
I think I speak for most investors on Wall Street when I say “thank you LOOTERS and ANTIFA and all of the other malcontents for RAIDING our urban centers and destroying them.” We needed a stimulus program following COVID-19 and this is just perfect. Most of the wares were INSURED and all of the people who stole shit will sell shit and put money back into their local economies. Sure, the little guy has been mangled and destroyed, but here on Wall Street we do not concern ourselves with the plight of the little guy. That is Main Street’s concern and it’s clear to all of us on Wall Street that you’d prefer MOAR Walmarts instead of those pesky little piece of shit local shops.
In exactly one month hence, you’ll all be back to your hovels and the unemployment benefits dissipated and your vacuous lives somewhat unexciting and moribund. But we’ll be on fucking boats popping champagne corks into each other’s faces — LAUGHING LIKE FAT PIGS all the way to the bank — CAVORTING with one another and telling tales about all of the profits we made in 2020 when the plebs thought it best to give us a reason to invest.
NOTE: I went long a series of infrastructure related plays today.
