This is it. The moment of truth has arrived. All of the conspiracies will be revealed next week, after tomorrow’s gigantic initial public offering of BABA.
After the last two big tech ipos, FB and TWTR, the market sold off–shortly thereafter. But this time investment banks aren’t scamming the public like they were with FB. Auto mechanics and school teachers will not be getting their fair share of the BABA ipo. Nevertheless, it will be interesting to see how the market absorbs this gigantic sponge.
My position is the same now as it has been for the past 2 1/2 weeks, only with more cash–thanks to the iFON sale. My largest holding is TLT, followed by ETR, EXC and GAS. Newly minted holding SOL is up there, and of course long term holds like GILD, SLCA and LITB are left untouched.
If my suspicious suspicions are correct, we trade down after tomorrow’s big showing, leaving investors scorched dead like cats on power lines. In the event that I am wrong and the party continues, I will average down in SOL, which always seems to do well during market fiestas.
The Fly is God.
Zombie,
Will you be coming to Vegas?
That would be like visiting heaven for him.
Correct, One-Eighty.
Naturally he’ll be the first one there.
+1
A chance to meet God. I may not get another chance. I’m so there, Dr. Le Fly. Thank you, Sir.
I’m also hoping to see the 2007s in Vegas: Mr KC Bill, Spyder Crusher (Danny), Breakfast Taco, Wood, BOOMER (MOOBER), TCaddy, Dumas, RC.
Jack Ma has more money than me, but I bet I could take him in a fist fight.
he does Tai Chi, you’d have to kick his ass in slow motion.
He knows karate.
And 7 other Japanese words.
“Option Addict murdered you on your own shit” – Nas
shut up
thanx for ifon fly.
I will send you pics of my wife naked if you want.
you said Ciao
I know. Wasn’t it annoying?
Movie pics for this wknd??
new or old?
old
Since England is in the headlines, go see Howard’s End. Thank me later.
downloading from the internet gods as I type…the movie, Locke is more than worth your time..
Atonement (2007)
Great idea!
The cheapest thing in the world is the long end of the yield curve. Housing is horrible, it’s where the US finances things like new wars, and after the crushing year yields have had – this two week blip north in yields will be looking very attractive if risk off [even a blip] ever shows its face again.
DRV/SRS have had a nice breakthrough
DRV +1 today despite the ‘grotesque’ indexes
I didn’t even know things like that existed. Holy hell.
Anyway, bonds look good.
new… but if i send them.. don’t post them cuz than i will lose half of what i made on $IFON if you catch my drift.
As I recall Chuck Bennett used to post pictures of women here on his blog. The women had a deer in the headlights look, usually in a hotel room setting.
The blog had to be removed.
lol
Earlier this year, I was getting my ass kicked in the market. And when I say “ass kicked in the market” I mean it changed my financial position and damn near quality of life. Then I found my way here. Things have since turned around and I’m happy about that. Perhaps this could be the theme to The 1st Annual iBC Conference. Overplayed but fits nicely, at least for me:
https://www.youtube.com/watch?v=47dtFZ8CFo8
Is jenifer going to vegas?
Fly, what if Chinese stocks go higher, encouraged by QE (extra stealth), and European stocks go higher, encouraged by ECB actions and a No Thanks vote, and American stocks go higher, encouraged by Yellen and after Richard Fisher suddenly goes missing?
Will BIDU, QIHU, and NTES go higher once the stakeholders have already gotten their allotments of BABA (Pauper or Prince)?
QIHU is hella cheap
Is anyone else in complete shock at this blog post producing multiple zombie appearances?