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
23,452 Blog Posts

The Dow Jones Closes at Record Highs; The Turkey Gods Have Delivered Decadence

Gravy is dripping from the chins of traders — following a bear crushing victory since Trump snatched the election. The Dow Jones is now firmly above 19k and any talk of bear market is plainly stupid, at this juncture in time. My positions, all of a personal nature, have been strewn out across the sewer floor, my guts festooned over the horns of a raging bull.

Shares of FCX have lifted by more than 50% off the lows. DB up obscene amounts, followed by CAT, ULTA and LFC — all of which I am short. My gold and bond positions have been reduced to the rack and ruined. Ironically, all of this occurred after my long advocacy for the God Emperor’s ascension into power. The very thing that I desired most ended up to be ruinous to me.

Nevertheless, my exposure is of course limited to the amount of funds that I have invested in stocks — which isn’t even remotely close to my net worth. During times like this, being on the wrong side of what has been a very clear and easy trade, I am uplifted by the fact that I no longer need to worry about the portfolios of others — having left the business almost one year ago from today. My insistence on remaining in these positions, in spite of very obvious trends suggesting that I abandon them, has nothing to do with emotional response, but instead a very strong headed and stubborn persistence from a thought process that has been concluded long ago.   For me, this is very reminiscent of December of 2007 — just before the turn. We shall see if my dire and very retarded predictions end up producing anything at all — aside from very onerous capital losses.

I have a busy day ahead, in preparation of National Feast. “The Fly” is well versed in the culinary arts and will be partaking in the preparation of a Thanksgiving meal, whereby I fully intend to give praise and thanks to all of the American Indians who never thought of gunpowder as something worth looking into, prior to the good anglo-saxon folks heading on over to establish a new empire.

 

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15 comments

  1. soupbone

    1/4 each of bonds, gold, us equities, real estate. Marc Faber style?

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  2. cancel19

    Very well done Dr. Fly. BTW those so called “Indians” are nothing more than Asiatic “migrants” that took a stronghold on the North and South American Continent, destroying the indigenous fauna for their gain. They now they with their butt hurt libtards blame all the changes as perpetrated only by European ass holes. Have a nice Turkey Day!

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  3. txchick57

    December 2007, March 2000 , the end result will be the same.

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  4. ironbird

    Everything is awesome. All the exact same fucktards that could not call the election right. Now want you all in. What could go wrong. Go Redskins Go Indians Go Braves. Happy Thansksgivings.

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  5. vandamme

    Dec 07? You’re nuts. There’s no leverage in the system. The sentiment is completely different too as everyone’s skeptical and record cash remains idle.

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    • Dr. Fly

      Do you even read or just look at charts? I don’t want to humiliate you, but maybe you should take a look at the leverage ratios in China.

      Do that for starters, then take a look at oil industry and then Deutsche Bank and the entire EU.

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    • it is showtime

      Skepticism because nonfraudulent systems don’t operate this way? The skepticism is on the mechanics. Making it twice as consequential as 07 bubbles

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    • sethster99

      No leverage in the system???? You must live in a state that recently legalized pot and are extremely high on the stuff for the first time.

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  6. heaterman

    As we approach the day of Thanks tomorrow I would like to remind all here to comport yourselves as the distinguished gentlemen and women that you are.

    Always remember to say please and thank you as you ask for your third helping of gravy laden mashed potatoes. And please remember to use the napkin placed at your table setting for fastidious uses. Do not use it for blowing your nose.

    If you find yourself in the presence of abundant libtardedness, please deal with it in a kindly manner and realize these poor folk are suffering from this disability much the same as a person stricken with any other disease. They had no choice in the matter, being born that way. It is like a birth defect and they are to be pitied rather than given the verbal abuse they so richly deserve.

    Always heap praise upon the person who made their mothers stuffing recipe,even if the sole reason was nostalgia and nothing at all to do with delighting the palate. Some of these recipes are family heirlooms which are passed from generation to generation and are valued for their historic place in family history rather than culinary delight.
    It would be far from gentlemanly to insult the ancestors of the host even though the plate set before you smells like 3 day old cat food. It eat like a man, then retire to the lavatory facilities and vomit it back up, taking care to splatter about a wee bit in order to send a message to the host(ess) for next years celebration.

    All food set before you should be eaten or at least sampled, This includes beets and brusseled sprouts. ..even though nothing good has ever come from Brussels…
    In fact, one should cherish each mouthful no matter how disgusting and remember that our poor school aged children were forced to consume lunches at their place of education not fit for a dog.
    Contemplating the gastronomic fare these unfortunate urchins were forced to consume should supply enough empathy that you can choke down about anything no matter how fecal it tastes. Remember too that said school lunches were contrived by the FLOTUS who in real life must be a direct descendant of the Marquis De Sade.

    After eating copious amounts of turkeyed everything, with fixin’s, retire to the living room and feel free to imbibe freely in any liquor you may find while casing out the home of your host. As you work yourself into a drunken stupor, please recall the first admonishment to retain your composure in the face of libtard assaults which will surely be emoted by tender snowflakes whose tongues have been loosened by alcohols of their choice. Fix your eyes on the goal of proving your superiority and advanced intellect in the face of melting snowflakes puddling themselves as they suffer meltdown. In a terminal manner.
    Remember to have pity on them. They claim to have been born with their fagish tendencies and therefore are helpless to form any discerning thought(s) on the way things really are and work.

    As you leave, make sure to torch off a convincing blast of wind and possibly a good belch or two… extra Roman style, in order to show and prove your gastronomic delight to the host(ess). They will thank you some day for showing them how true gentlemen /women conduct themselves when visiting boorish family and friends.

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  7. it is showtime

    You’ve just mimicked exACTly what they wanted you to “no bear market here”
    “confident and brash stock buying here”
    “im ravaged and laying down here”

    lol They merely PLACED the dow where it is to literally elicit those exact words
    cb’s, shadow primary dealers, the dark pool
    just dragging cat ibm dow component price, up

    After June 23rd, middle finger to the people
    by the banksters
    After November 8, other middle finger to the people
    by the banksters

    Essentially saying we can move the dow/s&p up as many days in a row as we want. Despite how your votes change our landscape. While fooling you into hearing “record high” headlines 4 days in a row, when we the bankers are solely overheating markets in crash setups. And you’re all too fucking dumb to clap at the record high headlines we engineer for you, where if you were awake it would be just the opposite

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