I’ve been real busy trying to crush the hopes and dreams of VC backed finance sites with iBankCoin. During the past two weeks, I’ve been intently focused on providing up to the minute news and commentary, working 20 hours days to separate Ibc from the nonsense and rabble that perpetrate financial relevancy thru their bullshit and useless websites filled with complete shit.
Hopefully, you’ve took precautions entering 2016. I’ve been a buyer of SPY over the past week, while holding a large position in TLT. Having sold out from 30+ positions the last week of 2015, anticipating the hard times to come, I’d like to consider myself to be an unbelievable prophet, a predictor of doom, amidst a sea of pretenders, catamites and the sort.
To be clear, I’ve consumed anywhere from 5-15 dirty martinis, so pardon me if I offend you with amateurish dialogue or grammar.
I believe the market will rise over the next two weeks, which will explain my 200% long SPY position into death. I do not belive, however, that now is a good time to buy individual stocks- hoping to hit pay dirt.
These are dark days and losses should be taken swiftly. Over the next week, whether I like it or not, I’ll be selling out from my SPY positions, while also keeping my TLT. I have zero desire to own individual stocks, at all, something I’ve never done since managing money, professionally, since 1997.
If you have any questions about the market or your bullshit portfolios, leave them in the comments section before I get into Sunday evening news mode– waiting for Asian markets to open.
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Excuse me but has oil bottomed sir?
Might as well ask about the meaning of life.
Oil is going to low 20s
Is $PAH a good buy here, or, is it going lower with oil?
Saudi Arabia down 6.5% Sunday
on Iran sanction lift, i.e. Implications for oil near term
Certainly the Iran sanction lift was expected to happen. Could be a Sell the (bad) rumor; buy the (bad) news situation. Or not. I’m not generally a follower of commodities. But the current situation is making everyone start to look at commodities.
The Saudi Arabian market itself does not influence the U.S. stock market, like Europe or China does. But the price of oil does influence the U.S. market, of course.
Hammered
You have been bearish on energy/materials names for so long (and made great calls on the likes of CMG), but why didn’t you play on the short side? Do you intend to take short positions this year?
Probably not. I intend to exclusively trade the OS signals in exodus this year
He will start short positions Im sure. Just not when every indicator know to mankind is indicating extreme oversold conditions.
He wants to unload SPY into a rip your face off rally. Just like most of us are position for. Problem is every minscuel bounce is being sold the next day with zero follow thru.
Once the bounce comes a lot of folk will start buying up TLT, positioning short and buying bearish ETF’s. If that bounce doesn’t come which would be completely abnormal- most of us will be chewing on our blistered taints and eating our loses with Crystal River hot sauce
Here’s a question: Can we get Macke to slip onto the CNBC set and tell the masses about our time machine?
My real question comes later.
A macke-Kohler investors boot camp is coming to Ibc in February. Stay tuned
What do you think of $GOOGL for next two
Weeks ?
A good buy now
Asking with a 10-year time horizon – thoughts on $FB and $PSX. Retirement stuffers…
Psx is uncertain, but FB should triple over the next 10 yrs
So if the market keeps going down like this, I estimate that in about 3 weeks I’ll need to sell my wife into prostitution. Would it be a good investment to use my last remaining dollars to buy her a boob job?
Robo-advisors?( i.e. Betterment, Wealthfront) A low cost, long term investment solution for the unwashed or a lazy-minded, misguided approach only for robot loving layabouts content with un-alpha like returns?
I hate them and hope they perish in fires
Your no good to us dead.Get some rest.
So much fun news coming out these days makes it hard to sleep
Totally agree about the fun news and need for sleep…
$AMZN
Overvalued
The talk of no end to this decline is nice. There’s still a few bottom callers unfortunately. At least one is Buffett, who bought at least $200 million of PSX last week around $75-$76. He may be a long term investor, but I doubt he buys right before plunges too often.
I was entreated to an 8am unannounced visitor this morning, who found my address via Google. He’s literally crazy. Fun times.
There have been massive cuts to mental health services in recent years. Sometimes it seems like mentally ill folks have decided that the best thing for them to do, while going without proper treatment, is to spend all their time on the Internet because the Net sure is filled with them.
https://www.washingtonpost.com/news/to-your-health/wp/2015/12/08/three-years-after-sandy-hook-more-states-cut-mental-health-funding/
I tried to find you on Google once. I guess I failed because I’m not crazy and therefore got bored of looking after about 2 minutes.
WETF has been hammered. Over done? Same for BX actually.
WETF is wildly overvalued. With markets coming down, this stock is in for serious downside. Avoid.
Thoughts on gold miners ?
They get hit hard soon
KMI CBI?
Laughable. No
buying AAPL here?
Yes
Senior Fly . . . long or short-term thoughts on $AAPL?
Short term bull, long term bear
Your thoughts on QCOM at the current quotation?
Hate it, but good for a trade
If your broker is publicly traded, short it; it’s like a rebate.
Are we close to “Death to Stocks,” or are you waiting for a particular level?
Dow 14,000
Tonight?
Can I still buy TED spread?
Fly, how low do you think the S&P ultimately goes before we get a sustained recovery?
hard to say. I’d posit a 20% drop
Less is more.
Trump or Sanders?
Trump. I’d like to throw Sanders off a rooftop.
I am reading that U.S. stocks don’t necessarily decline, historically, when commodities decline, nor when China slows down or their market declines. I expect someone with some charting software can plot that out & see if that is really the case.
I guess when stocks are crashing and the Fed says they are going to keep hiking rates, stocks maybe usually do decline then, especially if valuations were high before the decline began.
So perhaps all we have here is Fed Popping a Bubble That They Previously Created pattern.
US stocks typically don’t decline until they do…
SUNE, FEYE
This year has been annoying thus far. IBC, however, has been en fuego. Appreciate the coverage, Fly.
I feel as though we’re approaching a short term bottom in WTI, around $28.00. Though, on some level I do agree that we may go lower in the mid term. In the physical trading realm, jet fuel is trading in bulk markets at less than 90 cts per gallon in NY/NJ. Truly stunning how cheap refined products have become. Makes me want to put on a pairs trade, short Delta vs another airline… but who knows. At this point, I’m now down almost 3%, levered up via SPY call options, waiting for a rally this week. Being levered long over the long weekend is the hardest [mentally] position I’ve owned in, literally, 2-3 years.
This market blows.
Who is on who’s side on the coming war?
By who I meant our, but your take on the main players will suffice. Thanks