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
23,431 Blog Posts

Extremely Bullish Here, Even After the Big Run

Cue fuckhead saying ‘well, that was the top right there.’

Without getting into details that would fly right over your heads anyway, just know that I am extremely confident that the market will extend gains in the short term. Don’t hold me to this bullish treatise for today or tomorrow. But, inside a week, stocks will be higher than they are now.

How do I know?

I own a fucking time machine, literally.

What to buy?

Well, The Option Addict is in Exodus for the entire month of April and has been doling out fresh picks all month long. If trading isn’t your thing, you’ll be fine in any number of macro ETFs. For my money, since I prefer to be thematic (it’s therapeutic), I am long defense stocks and companies who will help rebuild all of the schools and sewers we’re about to destroy abroad.

“The Fly” is all about nation building these days.

Everyone thinks they know what’s going on — swashbuckling about in the vagaries of uncertainty. There are a lot of ‘experts’ out here who make ridiculous calls, proclaiming to be gurus. I am just one modest man, with an IQ twice theirs, in a time machine, speeding for the sun in a car made from dynamite sticks.

The call: stay long and add on any weakness (and I mean any).

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10 comments

  1. sarcrilege

    Let’s get behind Trump and help him break some windows:
    ‘”long defense stocks and companies who will help rebuild all of the schools and sewers we’re about to destroy abroad.”‘
    Oldie but goodie template:
    https://tinyurl.com/bvxcrwm

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  2. specie

    Enjoy the kool-aid man.

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  3. itinerant

    Equity fund flows were negative for just about all of last year and into the first quarter of this year due to individuals confusing their political sense with their business sense. The only concerning economic fundamental last year was the turn in domestic (oil bust) and international (eurozone and EM growth concerns) outstanding commercial and industrial loans and their delinquency rate. The later of which has leveled off. Throw in a little corporate tax reform and loosening of Dod Frank and the animal spirits will truly bust loose. Long term the only real concern is the Fed getting behind the inflation curve when growth does finally pick up. I think gold in the 500 to 600 range will be a generational investment opportunity but we are a long way off from there.

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  4. snoozer

    hoping the Wizard of Oz and his Munchkin will underwhelm or spook at the PC this afternoon, perhaps create a bit of a dip to buy. otherwise just been divy capturing preferred and debbies, boring but safe. Very nice and tradeable IPO calendar over next 2 days, two upgrades leaves three 3 star offerings. 3 shots at an allotment of FND.

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  5. dmfracer

    Monthly returns on my trading acct using Exodus for guidance – $SPY, $IWM and $TLT calls for the trading account (currently up 139.9%):

    Dec ’16 21%
    Jan ’17 30.1%
    Feb ’17 21.4%
    Mar ’17 13.8%
    Apr ’17 10.3%

    Total ytd on all accts is 5.8% – but I am much more cautious with these

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  6. dmfracer

    Buy the dips is my advice

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  7. dmfracer

    Until recession hits

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    • sarcrilege

      by many matrices, not by the fake gov stats i.e. labor etc., recession already hit …not getting too greedy would probably be wise too at this point

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  8. stocksnblondes

    Fly–what do you think about layoffs at ESPN? I for one stopped watching Sportscenter when it stopped being about sports and more about human interest stories like “____ came from a tough background” and “_____ has a special needs child” and “____ wife’s sisters runs a humane society”. Seriously–they run these stories when all i want to do is click over and see some highlights and scores. I miss the old NFL Primetime with Chris Berman where they actually talked football.

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  9. nico g

    as much as i love you,

    you are a fucking idiot. To be extremely bullish so late in the long cycle and for the shorter cycle, right into May danger zone

    how about you build a short those days instead, switch off for 2 to12 months and only spoil us with marvelous litterature you’re a much better writer than a speculator i will defo buy your book

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