© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
Classic tune.
Holy crap, that’s the Batmobile they’re driving!
This is the Raptor speaking:
The Fly has done alright lately, I must admit. Any stock market trader should be concerned first and foremost about the long trend of the market. Flipping from bullish to bearish within the last three months as The Fly has done was a good call.
We are in a bear market – adjust accordingly.
As promised, I’m recapping my trade proposal from jan-16:
http://www.ibankcoin.com/flyblog/index.php/2008/01/16/no-reason-to-buy-stocks/
On thursday, I hedged my position at 2.1815 and booked almost 8 figures of profit (if any of you clowns knows what that means).
Instead of jerking around in the stock market, you could have engaged in this strategy and, like me, made a killing without risking much capital.
Have a plesant evening.
About time you put some music worth listening to on your site.
I was bummed that the top components behind SKF were relatively solid banks. No more worry.
http://www.nytimes.com/2008/02/17/business/17swap.html?_r=1&hp&oref=slogin
The top 3 components of SKF (BAC,JPM,C) are also the top 3 credit default swap portfolio holders. Their combined CDS portfolios are $12.4 T, their combined market cap is $0.5T. #4 SKF component AIG has an overall credit derivatives portfolio of $500B with a book value a bit over $100B
Corporate credit quality (and CDS market stability) has been at historical highs, but you don’t want to hop in your time machine and see what’s in store here, unless you like the idea of watching “300” with a cast of trillions…