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
18,966 Blog Posts

BRACE YOURSELVES FOR MAXIMUM PAIN

I sold out of my entire TLT position — 20% weighting. With some of the proceeds, I stepped in hard and bought SOXL. It might seem to you, the untrained DNA junkyard, like a dastardly move — with the broader indices pressing +350 for the session, following a fantastic move higher for the month.

Listen to me now: markets will be higher by 10%+ for January. Meaning: we have MOAR to go before we’re done giving it to the bears. You’ve got to admit, very few people saw this coming and now that it’s here, very few people accept the reality.

This is not December, fucked face. Follow those god damned long white candles to Elysium.

As for Le Fly, perhaps a foray into the mountains for some skiing this weekend. Perhaps not, being that I spied someone casing out my house this morning. One thing is for sure, winship reverberates around House Fly, the infectious feeling of dominion over wide swaths of morons shall, forever, be the legacy of Le Fly.

Why are you not accepting of this rally? Why do you care if stocks trade up or down?

Be the sailboat and accept the winds into your sails; sit back, relax, and let it take you to wherever it needs to go.

Long until wrong.

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18 comments

  1. thinair

    Selling TLT here and buying SOXL! I am absolutely appalled at your moves and thinking. Cannot make this stuff up.

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  2. helen

    The bear market rally is over today. In fact, at least half of today’s gains will vanish before the closing bell. Good weekend.

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    • thinair

      Yes, if not today, we are 2-3 days away. this is a market of extremes. Cannot get swayed by overdone moves, in both directions. Have to keep perspective.

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      • hfoula1

        love reading your articles. I got me some SOXL as well. It has been beaten to a pulp and even an ounce of positive news regarding China will make this etf go higher

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      • it is showtime

        It’s a conTrolled market. Very controlled patterns, sequences. Congruent with previous instances. The amount of gain clearly would not be happening / able to happen without intervention, if anyone thinks about it. Everyone is Remarkably Neanderthal phrasing excitement and wonderment when the indexes just have underlying programming. Saying “the market” is not done “the market” has more “the market” goin’ higher “ok” “twerps”

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  3. mad marsupial

    Thou art in ….. Bob Marley.

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  4. acehood

    Casing out? You get his license plate?

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  5. og

    F me for not staying short Tesla.

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  6. nico g

    do not change your style yo the hunter Thompson of financial blogs (with a smattering of Pynchon to boot) you were ‘all is over’ panicking over Christmas and are cheering the fake news squeeze of short convexity one expiry later, two tokens of extremes

    at some point this tape is gonna nuke all clowns, the 2018 ass punch has not been heeded.

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    • it is showtime

      There’s …so obviously… a narrative changing headline in the next few months. Regarding presidential status or geopolitical. If reality wasn’t so covered over, the multiday surging …aint… gonna happen

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  7. edge

    About all I have left is SPY puts which I lost 7% on. For the day flat even. Let’s see what Tuesday brings.

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  8. airborne

    I grew up on the beach in Los Angeles. We didn’t think much of New Yorkers but I mellowed over the years. Until Rudy Guliani showed up on Cuomo’s show the other night and spewed greasy wet shit from his mouth for a solid 20 minutes. The guy is a fucking clown and his master was to scared to stand on the field of battle. I was too, but at least I showed up and I don’t talk shit. Actually, I don’t talk at all. And worst of all I live in Kevin Brady’s district and for a bonus Ted Cruz is my senator. My life is fucked all around. Someone come over and put me out of my misery.

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    • i Bergamot

      I ejected from politics after meeting my local senator on a personal level. Greasy fuck was bragging how he is a great success, being born into poor family, graduating college with 100k of student loans, devoting his life to politics… and now he worth 30 million dollars.

      His salary is under 70k. He never worked a day in his life.

      Some peoples here allude that stock market is a Ponzi scheme. Then politics is a complete fucking fraud.

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  9. chuck bennett

    I told you fuckers a few weeks ago.

    The machines- programmed selling forced sales fucked us. It was all forced.

    everything else is priced in, you should have all took that to the bank

    Regards

    Chuck Bennett

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    • moosh

      You said it, props. Are the machines selling on a forced selling algo, a new idiom for “tax loss selling”? Are you selling into this mountain of pain to prove them wrong?

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  10. trumpmeister

    Sold out his entire TLT stake for how much % loss?

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  11. moosh

    Hope you had fun on the mountains Le Fly…but if you are any kind of athlete that likes the flow and carving nature, you have got to be on a board.

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  12. moosh

    Check out big mikes special on netflix. The first episode concept is so retardedly not possible on so many levels, it’s funny.

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