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

September Will Surprise You

Macy’s furniture is an abomination. Two consecutive times, those cocksuckers come to my house with damaged furniture, making me send that shit back to the chinese slave factory it came from. Frankly, aside from some domestic North Carolina wood, the quality of the furniture in this country sucks. Have you ever been to a Raymour and Flannigan? Geez, what a fucking disaster.

Speaking of disasters, stocks are measurably lower, following Europe down the sewer pipe. Italian and Spanish yields are higher and TLT is spiking. None of this is good for stocks.

Believe it or not, my largest position, post sales, is now NFLX. I have half my book in cash and the patience of an elephant high on morphine.

Expect lower stocks prices in the near term. I hate to lose money on 50% of my assets. However, I am in a fairly good position to buy dips, especially margin liquidations, being +25% for the year. I’m in no rush to test greatness. It comes naturally to me.

In short, DMND and NFLX are buys, especially on dips. I have a great deal of money, waiting for reallocation. I’m in the market for ideas now and will make it my business to acquire some. But a correction is coming, perhaps something a bit more severe than anyone is predicting now. There are tax issues in this country that need to be dealt with and an election that draws nothing but apathy from the American populous.

Beware of the September surprise.

http://www.youtube.com/watch?v=tOzesduLyrI

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32 comments

  1. Mike

    AGQ?? or too late??

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  2. ed

    Listened to your ideas –

    TLT was too far up yesterday, easy tell for today. Couple of puts, and boom, back in the green.

    Many thanks!

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  3. Donkey Arbitrageur
    Donkey Arbitrageur

    Great time to start smoking and drying meat to bury in your yard for future consumption. I smell a food fight!

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    • The Fly

      drying meat to bury?

      WTF

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      • jimmy_two_times

        That’s why he’s a Donkey !

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      • Donkey Arbitrageur
        Donkey Arbitrageur

        Yes. It is probably some sort of preservation tactic, but I’m not Amish so I cannot be sure.

        The point is: bury a lot of dried meat in your yard.

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        • The Fly

          fuck that

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        • Fly Leech

          Why do you bury it? What’s wrong with your cabinets?

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          • Donkey Arbitrageur
            Donkey Arbitrageur

            The first place they will look for your dried meat is in the cabinets. The second place is the yard. At least is buys you some time though.

            As an aside… This whole bury your dried meat in the yard scenario was just some ridiculous way for me to say that food prices are going up, and really that’s what this market will start to spin on, imo.

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  4. Dog

    How about a $30K sofa from this place: http://www.kreiss.com/

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  5. bleached asshole

    The Fly seems to have some sort of “Spidey Sense” about the direction of the market.

    Very impressive Indeud!

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  6. YoZone

    What a cop-out. “Beware of the September surprise”. At least that will allow you to claim “See, I was right! I tried to warn you fucktards”. Why not step up to the plate and declare which way the surprise? OK you can banish me now !!!!!

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    • The Fly

      Well, being that I am 50% cash, calling for a fucking pullback, which way do you think I think the market is going, fuckface?

      Illiterate bastards.

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  7. republicat

    Save history: Buy antique and restored furniture.

    – Antique furniture is our heritage, you will be buying and preserving history

    – There are many small businesses in this field that need help in this economy.

    – It lasts longer and can be passed to the next generation

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  8. shawn royle

    Took Macy’s two times to get a leather sectional through my front door w/o ripping the couch in multiple places. Couch was made in Italy and it is still a P.O.S…..

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  9. Tyler

    Why NFLX?

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  10. clegger_2000

    Pennsylvania House furniture is beautiful.

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    • The Eye-Talian Stallion
      The Eye-Talian Stallion

      Yeah, and Keller. Unfortunately retailers are dropping them due to the cheapo ChiCom crap so it’s hard to find.
      The stores know that folks don’t know what they’re looking at when buying furniture. Kind of like GaGa being held up as some kind of talented singer as compared to Streisand.

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  11. noodleboy

    CTRP is a Fucking BEAST

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  12. Cascadian

    Go to N. Carolina and buy that shit direct from the factory.

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  13. TheBigRagu

    Fly,

    Ethan Allen?

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  14. hattery

    Which country gets a bailout next?

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  15. hattery

    and who let all the GLD bugs out of their caves/bomb shelters

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  16. Michael Getz

    Speaking of fucktards…didn’t Fly buy shares of DMND the other day? The height of fucktardness…

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  17. Montrose

    Stickley

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  18. charlie

    Thoughts on BKS?

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  19. flyaway18

    Stickley Furniture is quality.
    I’m mad at myself for not taking a small tracker in RAH, quite a move from 63 when I first studied it and lower corn prices will help a lot.

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