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

Don’t Panic Yet

Be distinguished about your exit from the market. There’s no need to make dramatic proclamations or go for a spin in the FAZmobile wearing nothing but VXXtits. The market is heading lower because it must.

I am a firm believer in Darwinsim, the mechanism that corrects (extra Grady) the stupid money from ever encroaching on that of the smart. Every once in awhile the dumb money makes it through, infected local country clubs and charitable dinners to the chagrin of legacy members. But for the most part, those who lived by the sword will die by it.

Many of you reading are the epitome of “stupid money”, always clowning around in the margin account, playing the hot stocks for hedonistic pleasures. Your time will eventually come to and end, as the multitudes of speculators who went bust before you.

“The Fly” is edified in the old ways, instructed to “never lose money” under any circumstances, which at times makes me risk averse–causing me to “miss out” on occasion.

Enough of the boastful lecturing, here’s what you need to watch carefully.

PHK
TLT and a little bit of LQD/JNK

It’s important that yields remain low. Should they keep spiraling higher, it will spook the markets and set us back 1-2,000 points on the Dow. There isn’t any cause for alarm yet, as this may resolve itself soon. However, in the event that this is the beginning, you should take it upon yourself to sell out of high spec names and raise cash.

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15 comments

  1. clegger_2000

    Jack Torrance: Mr. Grady, You WERE the caretaker here.
    Grady: I’m sorry to differ with you sir, but YOU are the caretaker. You’ve always been the caretaker. I should know sir, I’ve always been here.

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  2. clegger_2000

    Grady: Your son has a very great talent. I don’t think you are aware how great it is. That he is attempting to use that very talent against your will.
    Jack Torrance: He is a very willful boy.
    Grady: Indeed he is, Mr. Torrance. A very willful boy. A rather naughty boy, if I may be so bold, sir.
    Jack Torrance: It’s his mother. She, uh, interferes.
    Grady: Perhaps they need a good talking to, if you don’t mind my saying so. Perhaps a bit more. My girls, sir, they didn’t care for the Overlook at first. One of them actually stole a pack of matches, and tried to burn it down. But I ‘corrected’ them sir. And when my wife tried to prevent me from doing my duty, I ‘corrected’ her.

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  3. Superpositron

    Gold is basing. Whether you like it or not.

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  4. Juice

    you can add MUB to that list

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  5. Corny joke supreme mctard
    Corny joke supreme mctard

    I know gold is headed lower… “I saw the sign”

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  6. Mike

    you still got some relaxer in your FRO …

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  7. clegger_2000

    Grady: (referring to Jack murdering his wife and son) Mr. Torrance, I see you can hardly have taken care of the business we discussed.
    Jack Torrance: No need to rub it in, Mr. Grady.

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