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
23,417 Blog Posts

MAN UP

No one ever made money by panicking out of stocks. Sure, you could save some money, by avoiding the downdraft. But where’s the glory in that? If you’re not in the game, you’re out. If you’re out, in due time, you will be shining my shoes.

I’ve made it a habit to always be in the mix, take action–because complacency is the cousin of death.

Do you hate stocks?

Then you should short them.

Do you believe stocks will be higher by Turkey Day?

Get long.

As you read this, there is a stiff wind emanating from the west (Bleak House) and stocks are lifting off their lows. What do you intend to do? Fade it or own it?

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24 comments

  1. J Livermore

    I own. Viva Le Fly !!!

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  2. Juice

    oversold bounce coming … after that, we see about what twists and turns lay in store for turkey day

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  3. J Livermore

    Look at this quote IMF LaGargde says “Ebola Outbreak may pose significant risk to world if not addressed appropriately.”

    Really? No shit…

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    • boyaj

      You’d think that her commenting on world health issues would mean that all is well in the global financial and economic ecosystem…Master your job before doing others

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  4. Trent

    I am long. Basically I am Tyler Durden in the basement scene of Fight Club with Big Lou kicking the living shit out of him. But, if you will remember what happens, I will soon be slobbering blood in Big Lou’s face while screaming “YOU DONT KNOW WHERE IVE BEEN LOU, YOU DONT KNOW WHERE IVE BEEN!!!”

    No clue where I was going with that but yeah, whatever.

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  5. Cascadian

    Earnings season will reset the market.

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  6. Mr. President

    Le Fly,

    How can we convince you to make another video?

    So much has changed since you last made videos, 3 or 4 years ago. I long to hear the characters speaking adjectives with “ed” added to the end.

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  7. smurfs

    SPY has hit it’s 3 month average volume with almost half the day left.

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  8. alty

    I’m calling this the IBC investor conference top. Notice the date the video was posted to YouTube…

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  9. matt_bear

    immortality is yours….take it!

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  10. Genghis Khan

    Fly, what are your thoughts on XON, back the truck up?

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  11. UncleBuccs

    If I had to shine your shoes, I’d maintain constant, direct eye contact while shimmying. You would not like that.

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  12. CMA

    I am here to perform seppuku for the ibankcoin community. A short term bottom is and we’re about to rip bears faces off. Apologies.

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  13. Zuul

    I hear the faint sounds of a creaky, olde, wooden contraption being wheeled into the towne’s square.

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  14. magptrader

    you don’t need to be in the market all the time….

    making the returns for the year is all about avoiding big drawdowns rather than trying to make it back to even

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    • alty

      Sounds great in a downtrend, terrible in an uptrend. Of course this sounds logical on a day like today. If only it was that easy

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