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
23,433 Blog Posts

Waiting in the Tall Grass

[youtube:https://www.youtube.com/watch?v=yAHL5oPXOD0 603 500]

It isn’t all that bad, tucked away in dividend paying utilities and treasuries while the zebra runs about the prairie in search of sustenance and play.

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28 comments

  1. bigl

    Shrooms

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  2. j livermore

    Great clip. “What of the zebra ?!!”

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  3. djmarcus

    a very underrated show — it’s one of my fav’s. that actor has some awesome lines/speeches throughout the show

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  4. Dr. Fly

    Have a great weekend. Have some good 2005 or 2011 Bordeaux and make sure the bottle costs at least $40 you cheap fuckers.

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  5. bonobo smores

    He was not so perfidious on Star Trek

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  6. fifty2weekhi

    Fly is long TLT, Chess is long TBT. OA thinks Russel will catch up with the majors, Chess thinks this laggard index will lead the breakdown and is shorting biotech. Blue is long SLV, OA prefers to fade the metals. Fly is now anticipating the broad market, OA is waiting to react. One of you have to be right; or all of you can be right in different time frames. But the few where there were consensus ($ZU, $XONE, …) aren’t going anywhere. “This business is not for the weak of heart”. Have a great weekend!

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  7. it is showtime

    Awaiting the next, intermediate top.
    One of them will become, the top

    Stupid america gets to enjoy the weekend with their fake contrived gains in their 401k. Isn’t is ironic when negativity becomes truth? Go ahead disparage me. Only adds to the irony

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  8. jkeller

    This market has had an unbelievable capacity to shrug off negative news, of which there’s been a barrage. No jobs? No problem! If I were a cynic I’d say they’re propping it up till after the midterm elections.

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    • I is showtime

      If the market is controlled, It is not shrugging off news. It’s controlled
      Everyone looks funny saying “wow! Can’t go down” Right now. It is controlled. Our news & wallst of course doesn’t tell us that “truth” so it doesn’t beomce “truth”

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  9. EFHutton

    What is your game plan for long term buys while you are quaffing sherry in the high grass awaiting the predators?

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    • Dr. Fly

      I haven’t sold any of my long term holds. I am long many stocks, all listed in The PPT.

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      • EFHutton

        It was a poorly worded question. I wasn’t asking what your l/t stocks were, I was wondering how you decide when to sell a long term buy. You mentioned recently some were near 52 week highs. Long may they run?

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        • Dr. Fly

          At the present, I will adjust holdings once per quarter in order to retain a certain asset allocation model.

          For example: if Apple doubles and my tech holding goes from 15% to 20%, I will sell enough to lower allocation back to 15%.

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          • EFHutton

            Thank you. It is so obvious when you put it that way, it makes me think you are a professional winner and I am blindly staggering around looking for a place to put my thumb.

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  10. malice95

    Utilities arent going anywhere until a correction actully occurs. Why not hang in financials until the growth stocks start selling off as a warning then move into utlities. You probably make 3 to 5% while you wait for the correction to occur.

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    • Dr. Fly

      Because my play is to be long utilities, specifically, during Sept. I might be wrong. But if I am, I will not be hurt too badly long utes.

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  11. matt_bear

    Will you even be holding long enough to receive a dividend?

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  12. Cascadian

    The railroad should never have been built. The buffalo and Indians should still be in place.

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    • The Wasp

      The Indians should be long utilities – the buffalo too for that matter. Anyway, railways have their place – we need the transports to show us the way…

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  13. McMac

    “History is written for the zebra, by the zebra.”
    ……………………
    Fly, a “yes” vote in Scotland is a serious game changer. Why no mention of the referendum in these parts? It would be catastrophic for England. (You know where that is, right?)

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  14. Jordan khun

    Fly, are you going to participate in the baba ipo?

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