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

SALSA DANCING, NONETHELESS

The answer to any of your questions or criticisms is the same: “I’m up nearly 20%, year to date, bitch. Thanks, now go shoot yourself out of a cannon, off of a bridge, pal.”

[youtube:http://www.youtube.com/watch?v=GZy3gzB5xOc 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

52 comments

  1. duck

    Fly,

    do you ever park cash in short term tbills or equivalent etf SHY, etc?

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  2. bill

    Fly,

    Congratulations on the returns thus far and I expect much higher returns for you going forward! Quick question for you: I recently received a scholarship to sit for the first CFA exam, is the CFA designation something you think is worth while?

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  3. tm

    Fly, when a man’s wife asks him to take out the trash, while being careful to parse out the recycling, what is the most honorable response?

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    • The Fly

      TELL HER

      I’m up nearly 20%, year to date, bitch. Thanks, now go shoot yourself out of a cannon, off of a bridge, pal.

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  4. echeshier

    Last week I tried out your suggestion at dinner to end every sentence with PAL when talking to the wife. The look on her face was priceless. Needless to say, I haven’t gotten laid since.

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    • The Fly

      That’s alright. She respects you for it.

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    • 'merica

      I tried that and she thought I was being cute or something. Since that backfired, I patted her on the head while calling her pal.

      To begin with, she hates getting patted on the head, calling her “pal” seemed to amplify the situation.

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  5. OG

    Damn I thought I was going to see a Victor Cruz clip.

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  6. Yippity Yap

    Fly, Congrats.

    I’m down nearly 20% year to date, dang. Do you think I’ll catch the market unawares if I immediately take my losses like a man and reverse all my positions? Or should I sit tight? Like a man.

    Thanks!

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  7. Rick

    Are you as cold as ice? Willing to sacrifice?

    I’m up 1.1% ROE since your “Last Chance to Punch Your Ticket” post.

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    • The Fly

      I spit on 1.1% and THIS:

      I’m up nearly 20%, year to date, bitch. Thanks, now go shoot yourself out of a cannon, off of a bridge, pal.

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  8. Bullish

    Is Ben Bernanke opposed to same sex marriages? Especially the Greek ones?

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    • Heaterman

      The Bernank will have all of us married to Greece before he is through with things. But hey, a good friend of mine is greek and owns a restaurant. Makes some damn good food. Best baklava anywhere. OPA!

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  9. Soon to be banned Fly impersonator
    Soon to be banned Fly impersonator

    AND THIS: I’m up nearly 20%, year to date, bitch. Thanks, now go shoot yourself out of a cannon, off of a bridge, pal.

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  10. The Super Clam

    Remember that little girl bragging about ripping out my spine Mortal Kombat style last summer? Soon enough she will be turning tricks for mustard sandwiches.

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  11. mrkcbill

    LOL 🙂 Pal

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  12. @crazyfasteddy

    uh Fly, while you were busy patting yourself on the back and stroking your ego with attaboys, any bozo buying index funds would be up 25% by now… Not that I am betting against Le Fly, I just expect you to outperform by grotesque proportions especially in the Year of the Fly… as for myself I am only up 15%… I was busy being cautious aka crossing my legs to hide my shrunken balls from the cool breeze that blew my fucking skirt up…

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    • The Fly

      Oh really?

      Point me to any index fund that is up 20% YTD and I will give you a prize.

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      • @crazyfasteddy

        Apologies Sir Fly, I overstepped my boundaries in your kitchen without wiping my feet and hit the post button too soon. I am still punching my top hat in the face for selling out on $gmcr $bwld $pm and $yum $cstr before their earnings call…

        anyways here are some funds below that are up 20% YTD… Index funds like $spy and $dia would come close if one had the balls to double down on all the dips since Dec. 20th. Point is still the same..not hard to look like a genius when the markets are on cocaine gorilla runs. Please feel free to shoot me with your laser cannon when I jump from the bridge…

        Best 30 Day Return as of Feb 7, 2012:

        HBP COMEX® Silver Bull + ETF 40.73%
        HBP NYMEX® Natural Gas Bear+ETF 38.54%
        HBP MSCI Emerging Markets Bull+ ETF 29.28%
        HBP COMEX® Copper Bull+ ETF 26.14%
        HSBC Indian Equity-Premium Series 24.17%
        HSBC Indian Equity-A 24.12%
        HBP NYMEX Natural Gas Inverse ETF 20.31%
        Callable Yield S4 20.00%
        Excel Emerging Europe A (US$) 19.73%
        HBP S&P/TSX GLB Base Met Bull+ ETF 19.58%
        Standard Life India Equity Focus L 19.14%
        Horizons COMEX Silver ETF 19.09%
        Standard Life India Equity Focus E 19.05%
        Standard Life India Equity Focus A 19.03%
        Callable Yield S6 17.97%
        iShares S&P CNX Nifty India Index 17.95%
        Mackenzie Cundill Intl Cl-F(US$) 17.93%
        Mackenzie Cundill Intl Cl-A(US$) 17.81%
        Manulife Leveraged Co Class (US$) 17.52%

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    • thorium

      SPY is up like 6.8%. So wrong.

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      • @crazyfasteddy

        think outside the box..Fly isn’t up 20% by holding a couple of stocks long…

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  13. Marc David

    Hi Fly

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  14. insidetrader

    mountain lakes,nj.

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  15. mhass33

    Fly I’m not gonna lie, a week or two ago I had a big off day after I let some of your bearish warnings get to my head and I started forcing shorts and just generally acting like an ignoramous. I’m not blaming you since ultimately it’s our responsibility as traders to make our own indendpendant judgements, but I think the prudent thing to do is to just let the bull ride itself out and be responsible as we go. Not complaining as I am up 18% YTD but just saying, enjoy the ride!

    (Watch a massive pullback start tomorrow)

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    • Testicules

      Not saying we won’t drop back, but what is your “trigger”?
      Wednesday Evening News will bring us China CPI/PPI
      Followed up into Thursday Morning with British Interest rate/Production/Trade/ASSET PURCHASE<<<<<<….
      EU Interest rate

      Then of course US jobs data will sprinkle more magic dust

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      • mhass33

        I just go by the tape… this is a bull market. When it’s pullback time it will be obvious. My mistake in the past was trying to pre-empt the pullback and positioning short. Now I know to just keep scaling out, raising stops, and playing the setups as they come, and when the pullback comes, wait.

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        • Testicules

          Fair enough, I’m not one to ‘attack’ for offering opinion or share a view. Personally I’d like to see more discussion

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          • mhass33

            As far as a trigger, if we get bad news and the market closes at lows that will probably indicate weakness coming in, or any close at the lows for that matter will probably indicate a short term trend reversal / consolidation period. Since end of december we’ve just been grinding higher and never really got overbought as far as bull runs are concerned. I’m personally looking for some kind of a big blow off top, possibly in the next day or two. That would be an ideal indicator of an imminent pullback which could take us back to 1300 and let everything set up for a secondary run even higher. The Nasdaq is at 10 year highs with blue sky above and social media ipos driving the sentiment, so a pullback would be welcomed.

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  16. Cascadian

    +24% YTD all long, (20% cash now) no leverage IRA accounts.

    Big gainers were/are ACOM, SKUL, ZIOP, QPSA, BAC, GMCR, GSVC, LULU

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  17. Blind Read Ant

    Based on the comments, I think LeFly should get out of the office and partake in extracaricular activity, such as pushing men in wheelchairs down stairways.

    No 80’s Limo service today, serious pizza to the face slaps?

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  18. TT

    I just wanted to say I salsa danced the entire song.

    top hat, guaybera, no a/c, cocaine.

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  19. Yabollox

    My daughter asked, “Why are you playing latin music?” My reply, “I’m a universalist, the most interesting man in the world.”

    Thanks Fly

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  20. alf44

    Low Spark Of High Heeled Boys

    If you see something that looks like a star
    And it’s shooting up out of the ground
    And your head is spinning from a loud guitar…

    And you just can’t escape from the sound
    Don’t worry too much, it’ll happen to you
    We were children once, playing with toys …

    And the thing that you’re hearing is only the sound of
    The low spark of high-heeled boys !

    The percentage you’re paying is too high priced
    While you’re living beyond all your means
    And the man in the suit has just bought a new car
    From the profit he’s made on your dreams
    But today you just read that the man was shot dead
    By a gun that didn’t make any noise
    But it wasn’t the bullet that laid him to rest was
    The low spark of high-heeled boys !!!

    If you had just a minute to breathe … and they granted you one final wish
    Would you ask for something like another chance ?

    Or something similar as this? Don’t worry too much
    It’ll happen to you as sure as your sorrows are joys …

    And the thing that disturbs you is only the sound of
    The low spark of high-heeled boys !!!

    If I gave you everything that I owned and asked for nothing in return
    Would you do the same for me as I would for you?

    Or, take me for a ride, and strip me of everything including my pride
    But spirit is something that no one destroys !

    And the sound that I’m hearing is only the sound
    The low spark of high-heeled boys !!!

    .

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  21. JTU

    IBC’s Fly says “He’s 95% in cash” while BlackRock’s Fink Says “Be 100% in Equities” You both can’t be right!

    http://www.bloomberg.com/video/85899376/

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    • mhass33

      Potentially different time frames, of course they can both be right.

      This is why financial media blows. Everything is either a BUY BUY BUY or a SELL SELL SELL

      There’s no such thing as a buy or a sell

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