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
23,471 Blog Posts

Cowardly Bearish, Boldly Shooting Your Cranium

To be honest, I would like nothing more than to see people with their heads on fire, diving into vats of gasoline for closure. But I am a very, very smart man and like the feel of money in my pocket or as some of you from the ghetto might say “stacks.” Because of my love for money, I’ve refrained from shorting stocks, in favor for a neutral stance in cash.

Today I upped my exposure to VXX to 15% of assets. I still have more than 60% in cash because my goal is to buy dips, not so much bet on disaster. But it’s coming ladies and gentleman–yes indeud.

Soon enough zombies will rise from their graves and race over to the NYSE to eat the brains of the traders who work there. The market will shake you up, rattling your bones and crushing your skeleton into calcium/phosphorus white fucking powder.

As for me, I gallantly ride through this runaway bull market atop a TZA steed. As I ride this beast, I shoot people with handguns and I reflect on my sins with sincere silence.

THIS IS IT, FUCKFACE. The top is in. Enjoy the remainder of your day long gold stocks, jackass!

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16 comments

  1. Steven Place

    It’s been decided.

    I’m getting some business cards that have “MFCEO” as my title.

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  2. DJMarcus

    fly –

    how can you say so with bonds selling off?

    europe yields lowering significantly today as well.

    i think we are nearing fair value of markets, but where else is money going to go? who wants 2% on bonds?

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    • The Fly

      I can say what I please, when I please to say it, just like you.

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      • DJMarcus

        no – of course. but just trying to better understand your rationale.

        still very much agree with u regarding over extension. you called the bottom in october so just trying to learn

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  3. mhass33

    Got my dick chopped off trying to preemptively go short yesterday and fought the market all day. Went long this morning, got dick chopped again. Now making it back slowly on the short side with $AAPL which I am looking for a death drop directly to hell. I always lose big chunks at inflection points and make it back plus some when the confirmation comes in.

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    • Stan

      You shouldn’t be double-dicking, it can get messy.

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      • mhass33

        I triple dick sometimes. Indeud it can get messy but thats my style gotta live with the pros and cons of it

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  4. Bullish

    Funniest Kenny Powers video ever

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  5. 4fl3x

    Silver,You’re Fucking out.

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  6. chuck bennett

    understand something.

    These rates are going lower. No matter what.

    Got it?

    regards

    chuck

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  7. Mike

    “bottling the scent of BONER”….hysterical!!!

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  8. Dr Funk

    So… Whens the next bubble! oh boy. oh boy.
    Cant wait. LOVE bubbles

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  9. Mr. Partridge

    you are funny

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  10. TGeithner

    This Is the Government… Stocks have been BANNED from going down in order to preserve my position as treasury secretary…
    ALSO…
    Soon you will all worship me as an Elf/Klingon/wizard

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  11. rru2s

    I had my sell targets predicted for SIL, GDXJ, and NUGT…Was watching them hit those targets then suddenly I drank the ECB koolaid and discounted that the market is always right because I somehow felt that Bernanke’s Act didn’t deserve to steal the show. Never fight the tape.

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