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Dr. Fly

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.

MOAR GAINZ; MOAR DECADENCE

Good morning miscreants.

It’s important for you to know that the market is going to hit new record highs. These highs will be built upon the broken backs of all the short sellers who’ve obstinately kept shorting the market as it spiraled higher. If you haven’t made any money in the market in recent month, it’s because you haven’t really tried and instead opted to be lazy with ideologue thinking. It’s very easy to only think one way, which is the preferred mode of living of most unintelligible people; but to adjust and to be pragmatic is to understand the essence of life.

Do you pretend to know what you’re doing most of the time, or do you really know? In other words, the market tricked you in since the beginning of the year because ‘it’s rigged’ and a ‘scam’, or maybe because you were too obnoxious and stubborn to adjust to a new uncomfortable reality?

I think you can learn a lot more from my changeable ways than anything else. It is often ridiculed by most of my trolls — people cavorting online with indecorous mannerism, critiquing the work of a space alien magician (SAM). But it’s this malleability that has permitted me to survive all these years, and to enjoy the innumerable bull market runs, as well as the bear, without so much as a blink of an eye.

I simply don’t care which direction stocks go — as long as they’re making me money.

Early going — Nasdaq futures are +15 and I’m seeing a number of small cap biotechs popping off again. My OKTA caught a Goldman upgrade and Deutsch Bank and Commerzbank might merge. Also, and I found this interesting, Wells Fargo is in talks to sell its retirement plan services division to Principal for $41 billion.

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Happy St. Paddy’s Day

My corned beef is boiling heavily in a giant stainless steel pot, seasoned with a bottle of brown ale, mustard seeds, garlic and some salt. I prepared the cabbage separately — because only drunken fools boil cabbage for 5 hours with the meat.

The cabbage was seasoned lightly and dropped into a pot with a buttered beef broth, Guinness stout reduction. The potatoes are being boiled and soon after I will add the carrots — because they require less time to boil in order to meet their perfect texture.

Typically I have parties at House Fly, a few dozen people drinking and sloppily eating — cavorting if you will — but we didn’t feel up to it this year. It wasn’t melancholy, but a dispirited mood best quelled with peace and quiet.

Nevertheless, I still have the tunes of Ireland reverberating thought the house — most likely the last year living here. I’ve decided to say goodbye to NJ — and “fuck off” to their exorbitant state taxes. My destination isn’t etched in stone yet, but I’m leaning towards becoming a Southern Gentleman in the Raleigh area of North Carolina.

Everything ends, except bull markets of course.

Cheers and enjoy your whiskey impregnated day.

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Semis Have Broken Out; The CPI Index is a Scam

It’s clear to anyone with a brain inside of their thin skulls that the semis have broken out again on Friday, now up more than 20% for 2019. I imagine the index going higher by, let’s say, 150% for the year — making everyone rich and grand and gay.


Try to fucking stop it

Even though the Atlanta Fed thinks the economy grew at a rather paltry 0.2% for Q1, none of that shit matters. See pal, you’re over there in your bullshit threads, sitting in your bullshit chair, waiting for pain and misery, when in fact the only misery being absorbed is by yourself — because of that fucked up portfolio of yours stuck in the thickets of your harebrained thinking.

Life has a way of just working out and the ideas we once harbored, way back in December, aren’t relevant anymore. We’re all wealthy pipe smoking men again, even the women, and nothing can stop it.

On the curious topic of the CPI index — they said it only rose by 0.2% to an annual rate of 1.5%. Isn’t that funny? Here I am, scratching my head over my excessive cost of living and the government counters my reality with their meaningless CPI index, boasting practically zero inflation. Then I remembered social security and other government doles are predicated on the inflation index. The cost of living increases are based off this index. Ergo, they have a vested interest in lying though their teeth, in order to keep their expenses down.

Old and poor people get BTFO on a daily basis.

Do yourselves a favor and never get old, and most certainly poor. The worst combo a human being could have is both old and poor. You might as well grab a ski mask and rob a few banks if forced to live old and impoverished — under the yoke of the CPI index, which so miserably relegates people to a life of cantankerous miasma.

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It Pays to Be a Perma-Bull Idiot Moron

I’m going to clue you in on something that can change your pathetic lives forever.

Ready?

The voices in your head are probably wrong. The ideas you have are, more or less, the sum total of the nonsense you’ve been ingesting for information. Ergo, you’re most likely absorbing nonsense, especially if you’re unhappy. Since most people these days are malcontents, odds are you’re a bearshitting fool reading Zerohedge and negative fuckers all day on Twitter.

I am guilty as charged for being lured into the rhetoric, but I like to stir the pot and often ham it up for the sake of dramatic candor.

I’m in touch with reality enough to know the voices in my head and merely reflections of my insecurities, wishes and desires, not even remotely close to reality. What is real is what you can see and touch.

Is there a bear market out there now?

No.

Was there one in late December?

Yes.

I suppose you could’ve just bought and bought and bought, mindlessly drolling on throughout life without a care in the world — but what fun is that? We like to at least believe there is a modicum of control or variability in all this, no? Perhaps we can apply our artistic design into the investing process and come out the other end splendidly rich? It’s an awfully nice thought and it makes me feel good just writing it. But it’s probably a waste of time.

My quantitative methods, up 4% MTD, are way more efficient and conducive with building wealth, truly, than playing whack-a-mole with the market.

Markets go up 76% of the time, based on a 125 year history. The odds of your 20-30 year investment horizon going wrong are infinitesimal. Remember that the next time you find yourself thinking end of days is upon you. That’s hubris and golden aged thinking perverting itself into a form of cognitive dissonance that is secretly and quietly trying to kill you.

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Buying Stocks High, on the Way Higher

I sold HYRE 36% ago and I did a post about it — which some of you mocked because you didn’t see into the future like me. I tried to teach you my methods — but you didn’t heed my advice and now look at you.

I did myself a favor and bought HYRE now, 36% higher because there is zero resistance here — running on fucking jet fuel — on the precipice of a parabolic move higher.

Bet against me — see where it gets you.

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TRY TO FUCKING STOP ME BUYS: $OMED, $AGTC

I sold SOXS after the SMH broke $105, as discussed — for a 4.5% loss. These are the fucking rules. You either play by them or you die.

Looking for some action, I stepped in and bought AGTC and only recently OMED.

Both companies are trades and I dare any of you to stand in my way. I will kill you where you stand.

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Another Day at the Gambling Factory — Markets Poised For MOAR

I’m fucking busy, God damn it. WTI is sharply lower. Perhaps this could end up being a matter of concern today. But I would remind you that markets do not trade lower on Friday’s. See, the opposite of that is true when in a bear mode. Friday’s are a very polarizing day, with most fags worried about the weekends, where to waste time and money, how to fuck themselves into an inextricable situation that shall cast a pall upon their house in such a way — it will stand as a pivot point towards ruin for the next 50 years.

Lots of ‘ideas’ floating around this morning. I’m sure you’ve got your little fucking lists ready and you’ve been listening to some social influencers about what stocks are going to go up today. Perhaps you can make a little money and maybe that will make you a little happy — because you might use said money to buy some nice clothes and said clothes might make you feel better about yourself — because you got the ass-end of the genetic helix in your family, and perhaps you might attract a female to give you the time of day, and perhaps you might get laid.

Life is a game of fuckeries and by the time you figure it all out — it’s time to die a very horrible and miserable death.

My best ideas will be shared inside Exodus. Truthfully, I love writing and the main site is my baby — but the majority of my time is spent inside the hallowed halls of Exodus. Should you subscribe and join the league of gentlemen? That all depends if you need money to buy a nice shirt in an effort to get laid.

Exodus will get you laid, believe me.

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Final Purchases of the Day: $PCTY and $FHL

Need to get of here now.

I bought PCTY and FHL into the close. I am particularly fond of FHL — new issue runner of the Chinese varietal. They’re a god damned online brokerage house.

What wonders are in store.

Indeud.

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Burned by the Fires — Revenge Trading is Served Hot

I lost a fast 13.5% in KTOV. It all happened so fast, maybe within an hour. A younger Fly might’ve held on for glory, affixed some wrong-headed emotional bond with this piece of shit and either end up with a giant win or loss. Nowadays, I don’t really care about anything, really nothing at all. I glide through life without a care in the world, helping others because that’s what I was made to do — a public servant who enjoys TALKING SHIT on the internets.

Being angry and upset over the discordant treatment I endured with KTOV, I immediately bought LABD — hoping to profit from some blow off top in the biotechs. I could show you a double top in the XBI — but that might be gratuitous.

Additionally, I bought SNAP. This is probably a mistake. I have anecdotal evidence with three kids that suggests the app is no longer relevant amongst youngsters, at least in the way it used to be. But technically speaking, I like it here and now and could envision fucktarded 50 year old hedge fund managers allocating into this stock — in search of a fountain of youth and some gains.

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Reminder: Peak Degeneracy is a Sign of a Top

I used to live in Staten Island for a period of 9 years. It was a vaudeville of circus acts tripping over each other, splashed by drugs and money and really bad grammar. Betwixt in all this was an undercurrent of privilege, ignorance, and hedonism. It was, quite frankly, the very worst place I’ve ever lived.

MOBB BOSS WAS WHACKED there today, in a very quaint a rich part of town — the wealthiest enclave in Staten Island and one of the most elite in NYC.

This is how the fucking neighbors viewed the heinous crime, of being shot 7 times and then run over by a car.

The gunman sped off in a blue pickup truck after the hit, which one source described as “disrespectful” because it took place near his family home in an outer borough.

Cali is the first mob boss to be slain in New York City since a fresh-faced John Gotti ordered the murder of then-Gambino boss Paul Castellano in 1985 at Sparks steakhouse in Midtown.

“Even Gotti had more respect,” one police source told The Post. “He did it out in Manhattan.”

I bought some KTOV this morning, but the trend is failing. What’s also failing are many of these micro caps, a sign that excess is teetering out. When it happens, and believe me it will, I’m afraid your little stock exchange is going to be flummoxed and cast aside — like a cheap toy on Xmas day. Trading these small names are obstreperous, but necessary for my inner peace. The only way this resolves itself is by me injuring myself thru several trades gone astray. I only learn by the fires and the boot. Yesterday’s +24% day trade did not help in extricating me from these stocks.

Top picks: AGEN, SOXS, OKTA

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