iBankCoin

America Sucks

Everyone in the comments section should shut up.

Let us be clear. America’s stock market blows. All other nations are outperforming us this year. Even during the midst of a euro-crisis, Europe is still out pacing us. It’s time to revoke your American citizenship and become a citizen of the world.

I am rather emphatic about this point, all things considered. I’ve been blessed with a superior intellect, which is why I am outperforming all of you. However, the regular Joe, loafing about the coffee cart, is having his face punched in and ripped off in 2015. This is not a market for old men.

The once proud corporation of Apple, led by super-homo Tim Cook, is being liquidated, hopefully by some sovereign wealth fund going bust. It’s a funny thing, large asset managers. Whenever there is destruction in an asset class (e.g. oil, chinese stocks, copper, aluminum etc.) someone gets taken to the woodshed and cleaned the fuck out. The misnomer about these draw-downs is that the managers were stupid. Come on, now. It’s merely a matter of being at the wrong place at the wrong time, on many occasions.

I’ve known plenty of super smart people who’ve lost fortunes in the market, all because they had the right idea at the wrong time. Back in 2000, I was short some fucker of an internet stock that went from $80 to $250 on me, forcing me to cover and absorb heinous losses–only to see it later at $0.

For the day, I was up 1.02%, thanks to CYBR and CMCM. I have about 10% in cash.

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11 comments

  1. zombie

    FIG

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  2. t.c.

    Ugly Close

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  3. Dr. Fly

    Predictable

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  4. vandamme

    Taking a summer vacation this year, sir Fly?

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  5. pooch

    NOPE

    CANADA SUCKS MORE

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  6. mx2101

    A computer somewhere decided I should see a banner ad here for Fly Fishing gear at an outdoor sport supply place.

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  7. braveflaps

    Pooch is correct.

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  8. bexpo

    Like…when you tell little stories about past trades..even you got ur face punched in.
    You’re OK FLY.

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    • 0 Deem this to be "Fake News"