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
17,091 Blog Posts

Raise Your Hand if You’re Making Money Today

Markets are moving higher today, but everything else is lower. Most of the small capped stuff is getting obliterated. At the top of that trash heap is my HMNY, thanks to CNK launching a competing service. Does it really matter, all things considered? No. But now I am truly a long term investor.

Oil is tracking lower again, laying waste of oil stocks…yadda, yada, yada.

Who gives a shit right? Stocks go up, down, then up again. At the end of the day, if you’re buying large capped stocks — you cannot go wrong. Just buy more as they drop, and you’ll make even more when they hit new highs.

The only thing I want from Krampus this holiday season is for a sharply higher VIX. We need some panic in the air, a nuclear war, Presidential impeachment, something. Sitting at $14, UVXY looks lonely. You should join it.

There are only two sectors in the market that mean anything: tech and finance. The combined sectors comprise more than 50% of free cash flow reported over the past twelve months. If we are ever to get a deranged move to the downside, both of them need to be destroyed.

Is that too much to ask?

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8 comments

  1. gappingandyapping
    gappingandyapping

    Dump everything you got into Bitcoin, it never goes down and is an easy 10 bagger from here. For fuck sake Jose Canseco fucking said so!

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    • gappingandyapping
      gappingandyapping

      After thought: I bet Lenny Dykstra is fucking cleaning up in Bitcoin just minting new car washes and fucking hoes all day. He is one of the great ones!

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      • tonka

        Can’t tell you how many times I’ve had this conversation recently:

        Bitcoin enthusiast: “There’s limited supply, bitcoin can only go up!”

        Me: “Equity issuance peaked in 1995, right before 10 years of negative returns. Supply has been shrinking ever since. Stocks can’t go down?”

        Crazy person: “They’re going up now. You just need to hold until they do!”

        Me: “You gonna invest for 100 years and sit through 10+ year drawdowns?”

        crickets

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  2. fryguy15

    “Stocks go up, down, then up again” – WRONG! only up. down is simply consolidation.

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  3. sarcrilege

    Krampus the Merciful will oblige and deliver chaos this holiday season and war next year in the form of Trump recognizing Jerusalem as the capital of Lucifer worshiping zionist pukes in Israhell.

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  4. cancel19

    LOL! Dr. Fly always looking for that Black Swan. Gotta love it!

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  5. dragun

    +43bps today all divy related investments
    +54bps on leveraged ETF model .. cut oil for a loss VIX inverse and silver inverse carrying the weight

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