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
20,877 Blog Posts

I Don’t Short Dull Markets

Based upon the laws of mathematics, the market is going higher, at least in the interim. Members of the illustrious PPT have been alerted to oversold conditions in both TNA and SPY and know, full well, we are due for a bounce. Whether this bounce is caused by news or rumor is immaterial to me. What is important to note is nature of the market, tethered by certain rules, invisible to the common eye.

A great many of you think you know things because you look at trends lines or have done rigorous research into the shadow banking system. The truth is: you are amateurs. Try doing this for more than a decade, successfully, then get back to me, pal.

Instead of reading this shit, wasting time on the computer, you fuckers should be cold calling. Do it with a smile. I hear the smile can be picked up over the phone, whilst closing someone for 1,000 shares of FB.

EXK is down again; but silver is somewhat stable. This is what I expected, after seeing yesterday’s dump-out. I am down 6.8% from my initial basis. As planned, I will double down at -10%.

To be honest, I don’t want to put anymore money to work here, ahead of the EU summit. Those people suck. I will gladly accept some easy fought gains, with a light allocation, than have to sweat out some currency crisis, depending on the caprices of Queen Merkel.

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27 comments

  1. The Zombie

    The Fly is God.

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  2. Yogi and Boo Boo
    Yogi and Boo Boo

    PPT working like a charm.

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    • Freebie

      I just joined PPT, but I thought the market hybrid had to be below 2.3 to be oversold? What am I missing?

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      • The Fly

        Are you looking in the “user notes”? Have you been getting my notes about TNA/DIG/SPY?

        Also, overall OS is 2.45. But it’s not that clear cut. There are rallies to be had, especially when other signals of high probability present themselves.

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        • Freebie

          Haven’t seen the notes – i took the question to the Forums. I’ll figure it out, thanks.

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  3. asteroids

    Daytrading for pennies to keep the mind sharp.

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  4. vking

    “If you are living out of a sense of obligation you are slave.”

    12-12-12

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  5. asteroids

    Eh? I have kids, a wife, and the mother-in-law. Life is a blessing, life is hell.

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  6. milesknowsbest

    Put that coffee down! You call yourself a salesman you sack of shit? Coffee is for closers! (get back to cold calling…ouch!)

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  7. Raul3

    In other news…YELP

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  8. Alvari40

    You had to put the word “successfully” into that sentence.

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  9. surplusdroids

    Back to dialing for dollars.
    Gotta get my gross up!

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  10. halfbloodpope

    Dr. Fly,
    Have you ever heard of Miura Financial?
    Thanks.

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  11. OG

    YELP! Damn, I had an alert for $21.50 this morning but didn’t have time to put in my order.

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  12. clegger_2000

    WNR is fully erect and poking folks in the eye.

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  13. riggedgame

    To settle the debate about which party is better for stocks (copy and file this!)

    Stock Performance under Republican and Democrat Presidents
    Percent change during administrations

    Hoover –79; Eisenhower 129; Nixon 1; Reagan 117; Bush 1 51; Bush II –40

    Republican total 179 percent gain in 50 years

    Roosevelt 194; Truman 58; Kennedy 44; Johnson 17; Carter 28; Clinton 210; Obama 65

    Democrat total 616 percent gain in 47 years.

    Dow Jones Industrials used for Hoover-Roosevelt-Truman; S&P 500 for the rest

    Performance from Inauguration to Inauguration (Jan 20- Jan 20)

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    • republikat

      Obama should campaign on this, but the man hates Wall Street success as a topic.

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    • vking

      FLAWED!

      It’s not about who the President is, but the Congress. AND since the Republicans didn’t take control of Congress til Bill “Hillary Care” Clinton was in his third year your point is ill conceived or just a bad Democrat talking point. The Fly has asked quite eloquently to bring your “A” game…you have failed.

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      • riggedgame

        I don’t give a shit who controls Congress.

        I gave you ninety fuckin’ years of data on how you would do in the stock markets during the time a PRESIDENT sits in the office.

        And you are a fuckin’ FOOL if you don’t buy stocks on the day a Dem is inaugurated and hold them until the day a GOP takes over.

        Anybody who owns stocks should pray that a DEM is in office while he holds them. That’s why you clowns who want Romney in are fighting the odds.

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        • DMG

          This from a fucking retard who wants to cap income at $250k/yr.

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          • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
            Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

            Identical thought that V.King so plainly said. One does need to consider congressional branch. It’s impractical to factor a judicial branch assessment.

            Also, your tabulations would need to be based on a particular benchmark (omitted carelessly or purposefully).

            Finally, how do you aggregate your percentage basis and according to which time durations.

            My charts don’t match your outputs.

            Good day.

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  14. Yabollox

    Cold calling is the best thing I ever did. Never would have thunk it.

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  15. republikat

    Why are retail stock winners (TJX, ROST, DG) in last place on a 10+ S&P?

    What did I miss?

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  16. mariofats

    Yelp is crushing it.

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  17. futhermore

    “anymore”

    come on now…you know better!

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  18. multatuli

    I could use some good music…….Not today, I guess…..

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