iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

Am I Supposed to Panic?

I was up 2 of the last 3 days. Today, my largest position, WNR, is down 1%. My second and third positions, all disclosed inside PPT, are up.

So tell me, am I supposed to panic?

Quit watching every tick.

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24 comments

  1. Who Cares

    When stocks are down, panic $study.

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  2. Quint

    In the same week the market loses its grip on 12,000 and the Yankees lose their grip on first place.

    The question is, will either gain it back this year?

    I say yes for the market, and no for the Yankees.

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    • ruggyup

      You are flat out wrong about the Yankees. In fact, that may be the dumbest June forecast ever made.

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      • Quint

        Well then you’re really not going to like my Yankee prediction I made after last season…that the Yanks will only make the playoffs 3 of the next 10 years.

        And I’m a life long Yankee fan but I know when it’s over.

        Their slump won’t end until Hank takes over for Hal, and does his best imitation of his father during the 80s. Starts firing everyone and yelling at the players and the media until he finally turns it around.

        Don’t underestimate the impact of the aging of the Core Four.

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  3. Fancy Sauce

    Crack spread is over $28.

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  4. almonds

    like your Mother wanted for you, there is always the Management Training program at Macy’s.

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  5. Johnny2time

    It’s never a good idea to panic but it’s pretty clear we’re now in a bear market. Holding long uup, short iwm, and long gold.

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    • Russian Turkey

      There is not one metric that suggests we are in a bear market.

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      • Johnny2time

        I don’t know what you mean by “metric.”

        What I do know is that liquidity is being drained from the system with the end of the QE program and that the market will trend lower as a result.

        When I see some legitimate fundamentals that make sense for this market to go higher in an environment where liquidity is being removed I’ll cover.

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  6. Juiceyfruit

    IYR breaking down … XLE next .. get yer puts while the gettings good

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  7. No One

    AIG moving.

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  8. Mike

    finally…some sanity……..turn it off…go have a friday cocktail and chill………….my Silvergloved (AG) hand is squezzing the shit out of my weiner (WNR)!! fuck it..Im leaving early and getting after it!!!!!!

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  9. Mike

    squeezing

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  10. razorsedge

    oh , the humanity,,,,,,

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  11. Apocalypse Now

    Reminds me of the Bond line, “No Mr. Bull, I expect you to die”.

    If we matched political events with PPT scores, we would have an even higher winning percentage.

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  12. A Monkey with a Congresswoman Linda Beaver twitter account
    A Monkey with a Congresswoman Linda Beaver twitter account

    The market will close up 0.2% today, shaking out the tards.

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  13. Cheesefries

    Ask yourself, what drove this market higher the last 3 years?
    What is no more?

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    • A Monkey with a Congresswoman Linda Beaver twitter account
      A Monkey with a Congresswoman Linda Beaver twitter account

      Charlie don’t surf man. Charlie don’t surf.

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  14. j

    Can I ask a question out loud? Is TBT a good bet here? The Fed ends the buying program and the bond market is essentially on it’s own. The Congress and Obozo are headed for a serious fight .

    But more importantly the one huge marginal buyer is leaving the market.

    Meanwhile stocks are going down with one reason being the Fed is about done. QE and bonds have been rallying.

    Do you buy TDT?

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  15. Yabollox

    It’s too late for panic.

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