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
23,418 Blog Posts

THIS IS WHO YOU ARE

Nevermind what the market does today. I want to talk about the real plague that is damaging the purses (tinky winky) of investors: negativity.

Listen to me son: what’s with your obsession with calling a market top? Have you not learned your lesson to avoid doing that, over the past 60 months? The moment the music slows down or stops for a bit, you pop out from your boxes and declare victory. You aren’t victorious, only an ordinary, run of the mill, loser and a huckster– who can’t focus for more than 30 minutes on building a business, so you try to destroy others.

I’ve been at this a long time and I am always reviled by what I see in my industry and peers. Greed through gluttony does monstrous things to people. The incessant longing for fame and popularity by way of success is often taken the cheap, haphazard way, instead of the traditional road that is paved through industry and hard work.

You, Sir, are a lazy ham and egger, a no good charlatan and a detriment to your neighbors.

Now get back into your box.

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34 comments

  1. speerothekid

    average guy would rather be able to say “told ya so” instead of bankroll 100k

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  2. duckkell

    BALT..for the win

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  3. Trent

    Can I copy and paste this and email it to HedgeEye?

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  4. maximus

    HA, ham and egger

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  5. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    Who are you talking to? There are no bears left. Ruh-Rho….I appear to be bleeding from my eye sockets.

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  6. traderconfessions
    traderconfessions

    Gluttony is doubling down on speculative stocks rather than heeding one’s own advice about shifting to utilities for the short term. Right?

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    • Dr. Fly

      No. That’s called making a market call. But you fuckers are broken clocks

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    • Dr. Fly

      I said I was bearish for September and that’s exactly what I did

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      • metalleg

        There definitely seems to be a correlation between number of posts per thread and the direction of the market.

        My unscientific guess is that during declining markets the average number of posts on each thread triple.

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        • ho ho fucking ho

          duh.

          when the market i going up we all celebrate with a glass of bourbon, an eight-ball, and a ho.

          when the market goes down we come here to bitch.

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  7. Sia

    Uh oh, as Fly posts his blog, markets hit new lows for the day.

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  8. punyandy

    Oddly enough, that is who I am.

    http://i.imgur.com/SDwRNli.jpg

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  9. Contrarian

    My utilities are up again. Slowly losing my optimism.

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  10. Danny1980

    Stopped out if $ARWR for the quickest 10% loss known to mankind. Was such a good setup too

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    • Trent

      It’s okay I’ve been stopped on on that thing twice in a week now..

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  11. smartestone

    this selling refuses to relent.what a joke…i think the bottom is 10 pts away on the SPX. would be buying the dip here.

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  12. And its gone!

    Stocks down, commodities down, bonds down, dollar down…wheres the money going?

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  13. Danny1980

    SPY might as well check the 200 day so we can get it over with.

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  14. alty

    Anyone think that housing prices could start crashing as well? I never believed the average Joe was buying houses. Median home price here in Denver is over 400k, yet wages have gone nowhere. If the big guys get margin calls won’t they have to liquidate something?

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    • smurfs

      Once interest rates start going up housing will be in trouble. Those with ARMs might get really screwed.

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  15. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    THIS IS HORSESHIT OF THE HIGHEST ORDER

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  16. Murph

    Gee FLY, that’s the sort of behavior you were doing during the month of Sep.

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  17. Mateo R

    Some European mutual funds and ETFs appear to be showing a 4%+ dividend yield. (See VGK, for example.) Hard to say what’s going to happen here.

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  18. smurfs

    Would say there’s a good chance that this weekend will be full of prognosticators telling us the market is set up to crash on Monday.

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  19. smurfs

    Jesus… Sell stops that I thought were ridiculous are getting nailed.

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