BNB was and should be headed for insolvency IMO. If it does not, I will have been raped one last time by government intervention, and will go to all cash, change my current degree from finance to real estate and then go throw up one last time.
How about changing the rules for people who have lost money from such a ridiculous rally based on SOCIALIST/COMMUNIST STYLE MARKET RULES. I didn't sign up for this, and have been trading for six years. Lost 80 percent of my life savings being long in this ONE past year, in stocks with fundamentals most could only fantasise about! But that didn't matter as market took my money anyway because of USA toxic financial cancer (almost totally unrelated to the sectors I invested in!)
I was actually in the process of getting it back with puts more recently. Now GOVERNMENT took away my only way to get my money back. Perhaps market will still head south as people start selling en mass more gradually around the world as the realisation dawns that USA can not just print their way out of this mess and become a banana republic with it's dictated market.
I refuse to go long right now ON ANYTHING BECAUSE OF FUNDAMENTALS. Until I see DOW at 7000 points, cash will be king for me for now.
I may be studying to become an investment banker, but I still believe in fundamentals as a basis, unlike the industry I thought I wanted to enter into. Now I'm no longer sure I want anything to do with this farce anymore.
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