In my opinion, we have a maximum of 2% upside left, and 15% down. I’ve been through markets like this before, as many of you. The big difference between you, and a person such as myself: I remember the answers. I can personally guarantee many of you will be caught 100% long, or more, into the top. It happens every time. After all, someone has to hold the bag of bombs filled with shit.
There will be no warnings or mercy, just down. Perhaps the widening CDS spreads in Ireland, Portugal, Greece and Ukraine will have something to do with the decline. Or, it might be caused by fears of taxes rising or monetary tightening in Asia. Dare I say, the markets may just sell off due to profit taking? I mean, let’s be perfectly clear with one another, if the United States economy was a business, would you buy it now? The notion that news is so bad it has to get better applies best when markets are depressed. Last I checked, CRM was trading 1 billion times 2020 earnings.
I’ve dug in my heels and will not budge, so do not try to sway me. I see BAC trickling lower, while abject retards bid up NFLX. This is not the beginning of some financial renaissance. For that to happen, we’d need strong underpinnings. Last I checked, we’re a nation filled of hamburgalars.
Look, don’t do what I do. Stick to what you feel comfortable with doing. Maybe it’s my time to lose. It could be the end of “The Fly’s” dynasty of perpetual market mastery. Or, maybe I ricochet back and blow up your log cabin with my fucking howitzer.[youtube:http://www.youtube.com/watch?v=bKuF65FaP6g 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter