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
23,443 Blog Posts

Exercise Restraint!

An entirely plausible scenario is setting up to trick, trap and decapitate you.

By now you should have ample cash reserves. Your baser instincts will lure you back into the fold in order to buy seemingly “cheap wares.” At the first sight of strength, you will be tempted to pounce onto the market and dry hump it.

HOLD YOUR GROUND LADS!

Be content with making some money with some of the exposure you have left, as opposed to making all of the money with a spastically fantastical retarded 100% long equity exposure. 2015 has been a year of false starts. Even if we get a bounce today, who’s to say those mongrels from the far reaches of the world will not devalue their currency yet again, tomorrow? Neither you or I can predict the future, only Exodus can do that.

The summer slumber continues. Snore through August and light fire under your employees asses in September. I’ll be keeping my cash and will not reallocate until I am good and ready. This market is broken, for the time being. Therefore, all rallies must be viewed with a cynical eye.

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16 comments

  1. berniecornfeld

    Thanks Fly . Good reminder

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  2. Trent J

    A post from a true pro, a weather’d gentlemen who has seen the best and the worst of things.

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  3. bood

    it still seems some bears will get catched with a bomb exploding in the ass .. just don’t know when

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  4. bood

    with yellen bernanke and another democratic presidency it could even be we shift to green energy bigtime we discover something and the nsomthing else and more and the bull go ahead for some next years

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  5. bood

    sure ms yellen wants the market up for all her mandate(s)

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  6. goose20

    You wait I’m buying here.

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  7. blahblahblah

    my fifth pair of Jordan XX9’s just arrived
    WOO HOO

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  8. bood

    if this a frighting selling investors must have grown very pussy

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  9. bruce keller

    That was a big “fuck you” to closing under 200SMA (2075) I haven’t seen tail like that since a recent rapping convention.

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  10. t.c.

    Fucking Gold.

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  11. t.c.

    Fly, I am a coal man. What is the best company?

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  12. it is showtime

    Is Trump going to say we need an unmanipulated selfdetermining stock market? Since he’s all about truth (And that’s the truth)

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