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
23,419 Blog Posts

I’M A UTILITY PLAYER

It’s important to note that although I am still partaking in parlour games and gambling amongst the canaille, I am still anticipating a dark aged style decline in the broader indices. My largest position is XLU, followed by QLYS and then GDX.

I invite you to get your affairs in order and see to it that your offspring are inserted into the living will and testament. Those wives cannot be entrusted with money for any extended period of time. They’ll likely spend it all on hand bags and luggage.

In the event the Fed says magical things and sends stocks higher, I have 30 horses to take to the promise land. If in fact we head lower, I have several positions, along with ample cash, that will permit me to buy the carnage and isolate me from the bedraggled fate of the Third Estate.

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5 comments

    • momono

      Same advice I’ve always given. American women are an order of magnitude crazier than those who grew up in other countries.

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  1. gasman

    Starting to park some cash in utes myself. $GXP is my utility of choice.

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  2. lplongo

    Great choice on the pic

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  3. t.c.

    I do not think the term “living will” means what you think it means.

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