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
16,715 Blog Posts

Shut Up and Buy

Over the weekend I saw a great documentary called “Searching for Sugar Man.” For those of you who’ve never heard of it, I highly recommend watching it. It’s such an unbelievable story; it’s almost too good to be true. I won’t give away the storyline. But it’s an important reminder to never give up on dreams. I do believe we all have our own, unique, special talents. You just have to exert the effort and courage to make them come true.

Turkey is going “full mohammed” on their government. I wouldn’t worry too much about revolution there. The country is protected by a secular military, who will drop cluster bombs on powerful religious zealots, before ceding control of the country to them.

Futures are higher and stocks look poised to recover some of Friday’s losses. As always, at the first sign of weakness, I got scared out of stocks, turned all bearish, and starting reading Zerohedge again. I really need to stop over-thinking the market, trying to time tops, and just get long the names that I like. I can’t tell you how many huge winners I’ve missed out on this year, and over the past two years, due to fear of losing money. It’s more than that, actually. I want to avoid losses and time bottoms too, also a ridiculously hard task–even with The PPT.

Bottom line: I have a few names that are worthy of my time and I am going to buy them today.

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8 comments

  1. Superpositron

    You made me projectile spray Earl Grey though my nose with that ‘full Mohammed’ comment.

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  2. The Next New Cat Thing
    The Next New Cat Thing

    >Over the weekend I saw a great documentary called “Searching for Sugar Man

    Good movie, best documentary 2012

    Did you see Indiana Pacers center Roy Hibbert steal your catch phrase (no homo)? Which now brings a $75,000 fine for a public utterance..

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  3. Hammer

    IMMR getting fingers chopped off.

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  4. heaterman

    “and just get long the names that I like”.

    Seems to me that’s how Uncle Warren and sidekick Charlie Munger got to where they are today…

    Love those guys…..”no homo” 😉

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  5. heaterman

    As to June and summer in general, my guess is that we oscillate, vacillate, circulate and otherwise continewe << (note new spelling and veiled meaning of the word)
    to obfuscate around the general market level we currently see.

    No major moves up or down unless Sahria law usurps the US Constitution or the summertime riots get out of hand.

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  6. charlie

    The protesters in Turkey are the secularists.

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  7. charles c

    Saw the documentary also,,,amazing story…must see

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