Many of you are so battered, bruised, by the crash of 2008, you’ve never gotten over it. You’re still living in this fantasy land where gold, silver and bitcoins are your savior and the financial system is on the verge of collapse. You’re self-deceptive, molding a reality to fit your end–the purest form of insanity is always via delusional thinking.
Its been many years since the collapse and people have gotten very rich since then, yet you’re still waiting for civilization to implode to validate your farm land and 20 years worth of dry goods in your basement.
Back in the 1950’s, people built nuclear bomb shelters, equipped with enough food and water to last for decades. Yet, all the while, America was at its best. Had you been stuck in your retarded shelter back then, you would’ve missed out on the great “nifty fifty” run of that era.
What are you so afraid of anyway? Do you want to live forever?
By no means am I writing this post to rub salt in your wounds, putting myself on a pedestal–just because this market has gone up everyday for the past 6 months. I am doing you a favor by letting you know the truth. The country isn’t on the verge of collapse and the dollar is here to stay. Housing has recovered, even I bought a new house last year. You and Peter Schiff live in alternate realities, one that doesn’t conform with true facts.
The quicker you realize you’ve been fighting a futile war, the more expeditious your travels upon the path to recovery will be.
If you enjoy the content at iBankCoin, please follow us on Twitter
The reality is that the rich have a vested interest in making the stock market ‘work’. Lo and behold, it generally does. Not rocket science.
The reality is that society has a vested interest in making the stock market ‘work’. Lo and behold, it generally does.
fixed that for you
That is not reality, stocks owned mostly by top 10% with concentration in 1%. All these peeps with $3400 in their 401k or IRA are inconsequential but make up most of the statistics about “47% of America owns stocks”.
Im now a coal man..Long ANR
Fly,
I have NO position and don’t plan on entering one in this stock, either short or long, but I am bewildered by your statement on $FRO. You wrote:
“How about FRO? Earnings are right around the corner and they’re not supposed to show any improvement, whatsoever. However, they have enough cash to last until 2015”
Herr Fly, I looked at the balance sheet and fundies as posted on Etrade (yes Etrade, please don’t laugh at me). I see:
Return on Equity -51.61%
Net Profit Margin -12.54%
Debt/Assets 0.85x
Debt/Equity 11.99x
and a total equity trend that is declining the last three years (2010-2012).
Am I looking at the wrong things? Again I have NO position, I am a big fan of yours and I ask this out of PURE CURIOSITY and with no sarcasm. I am still a student of trading and I’m trying to understand this business and learn how to make sense of the numbers and analyze them. I may be ignorant here and don’t know what to look at so I apologize in advance, However I have to ask based on my severly limited knowledge and amature opinion, WHAT is the source of your optimism here?
That reality is slowly sinking in to investors’ heads. The sentiment cycle is coming full circle, from “stocks are too risky” to “buy now or miss out”. In the coming months hopefully we can be “suppliers of stock” to those missing out.
WETF..Thank you Mr Fly…free money
Agreud…whats the WETF target??
Agreud… target??
“…yet you’re still waiting for civilization to implode to validate your farm land and 20 years worth of dry goods in your basement.” hahahahahahahahahhahahahahahhahahahahahhahahahaha
Ben Bernanke is the Liberace of our time
no scott thorson
Attachment is the problem. http://youtu.be/jb6HZa151s8
Schiff… can one man be so wrong in a lifetime?
OUR 10 YEAR IS UP OVER 5%, USD IS UP OVER EVERY PAIR THERE IS, PROS STILL HEADING FOR THE DOOR. Our corporate earnings was juiced with happy low dollar juice not because we are any better. The Cocaine is being taken away and all the Drug induced Bull Junkies are just sitting here high off their asses. BTW TIF should be fucking down too, yes they beat…but going into Monsoon weather and Gold/Silver Falling fast makes the outlook bad. THIS MARKET IS SOOOOOO FUCKED UP TODAY….ok, had to get that out, now I feel better.
In Elon I trust. Still long TSLA and SCTY.
https://www.youtube.com/watch?v=8Z3N3KquVJY
Every year allot of people say this is the year. This “example” is happening to indicate why the world is ending. Someday it will and somebody will be right. It will inevitably happen someday and maybe no one will even be here. If we do not stop being selfish and open our eyes to future preservation, by using our current time to keep the future on course.
For Housing, C/S is such a lagging worthless piece of data. That is just March data…I prefer Trulia to follow this Investor Driven sector.
Would you rather be right or would you rather be rich?
knowledge Is priceless.
Hail the Nymph.
This post is dead on. It’s amazing how many people fall into the “this time it’s different” trap, despite the fact that a chimpanzee can look at a chart, or do some basic fundamental analysis, and see that the market always, always, always, comes back.
It’s simple. Conservatives can’t stand the thought of a black Democrat in the White House so they’ve embraced a gloom and doom world view. They believe Jeebus and the American eagle is on their side and therefore the country has to be going to hell in a handbasket. They are wrong but there is no convincing them otherwise.
Thank you for sharing your opinion, Fly. Yesterday I watched a couple of video clips you had up of Hugh Hendry. He said Risk=Truth. I agree with him.
It doesn’t matter what anyone thinks. Just trade a strategy and trade what you see. Give yourself an edge and remain free from bias. It’s not about validating your insecurities but becoming rich slow and steadily with your “edge”. Learn from guys like Fly, RajinCajun, and whoever else you can gather knowledge from and deploy YOUR method. Tweek as necessary but the method needs to be your own and you need to take ownership in each of your trades. Just a thought.
The Fly TOP is IN
No comparison to the ’50’s.
1 graph – Money Supply
Pay off your house with your credit card
This nigga talkin bout momentum stocks with your top holding YZC
😉