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
23,426 Blog Posts

Yes, This is a Very Nice Market

My bubble index is off by 2% this morning and biotech/high valuation tech stocks are being dismantled. Do not look for a reason, for it was written in the stone of ancient ruins (Puma Punku), foretold that this day would come–many centuries ago.

Utilities, REITs and treasuries are higher, as per the plan. It’s also worth noting that IFON is higher too. Go figure.

Listen to me very quietly: these aren’t garden variety moves and if it wasn’t for the good Dr. telling me to hold ARWR, I’d sell it twenty ways till sunday now. I am fortune to have held onto my moribund holdings and wasn’t lured into the sordid affairs that many of you find yourselves in now.

If you’re looking for market tells: look no further than FEYE, SPLK, WDAY, YELP and N.

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10 comments

  1. Trent J

    Your crystal ball is no fucking joke this morning Fly. You are dead on. I am in some of those names which are getting their cakes pounded. Thankfully I have small positions in those.

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  2. 2kto2m

    bulls are crazy high with BABA on their back. more drop coming.

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  3. eazy does it

    Fly, you buying into alibaba deal? whats your guess on open?

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  4. Missy

    i’ve avoided all china internets after seeing every single retail investor on this site long some of them. more pain to come for another week or three then pounce

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  5. J Livermore

    $IFON BECOMES THE LION!!! “I’ll play the part.”

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  6. Cascadian

    People are raising $ to buy BABA, the ultimate burrito stock.

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  7. OG

    Same damn thing happened with FB IPO.

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  8. JULES

    I am long this market and GOD is on my side.

    Ezekiel 25:17

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  9. mackypinky

    IFON is going to rip. Fly is gonna be rich!

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  10. Shaktarded

    Gold has bottomed, DJIA has jumped the shark, this mutherfucker went to cash (55%) and GLD (45%) two weeks ago. Not sure when to get back in….won’t be soon.

    * popcorn *

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