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
22,010 Blog Posts

Last Chance to Kill a Bear

With the earnings season kicking off tomorrow, I suspect the market will rally today.

However, should [[AA]] report a bowser number, look for the indices to go right back down.

Aside from the numbers, another problem investors face is the fucktardedness of analysts, who will be rushing to downgrade the stocks they cover. Call it “PE compression.”

Essentially, most analysts do not have recession baked into their models. Therefore, in order to avoid looking like stupid cupfuckers, they will all rush to “price it in,” sometime this week or next.

In the meantime, enjoy the bounce–for it will be short lived.

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25 comments

  1. Gunners

    Will you be buying more FXP on a dip today?

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  2. The Fly

    probably not.

    No rush. I’ll wait.

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  3. BOOMER

    BOT 5k BOOM ~55.30

    Once more into the fray!

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  4. BOOMER

    Stopped out of SBUX short./

    HWAY gapping again.

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  5. kd

    Fly,
    can you elobrate on the risks you see with MVIS. Are they short term or is there some thing that could completely derail their progress? Do you actually think that MVIS may not make it at all?
    thanks

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  6. kidstock

    Perhaps your post should be titled “Last Chance to Profit as A Bear.” Everybody and their brother is a bear. I call bullshit.

    Taking my cue from the DJUA which is ripping out to all-time highs, I am going to predict that this is rally is going to be a face ripper and caution against being caught short.

    MVIS screaming buy down to 4.3.
    SEED/ADM/MON buy with both hands.

    DUG/FXP – SELL!

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  7. Alvari40

    Kid,

    Best you stay on the sidelines and watch this year. Kids usually need a little education before they participate in this bloodsport. I would hate for this to be a damaging experience for you. Could mark you for life. Maybe Fly will let you stand behind him so you don’t get too hurt.

    Just bustin your chops.

    There may be a little bounce here because of last week and those trying to get a jump on a possible positive earning quarter. However, a lot of damage has been done and it will take running the earnings board to turn this around on a dime (aka, face ripper). We would need financials, technology, housing, etc. to surprise. Even if you got that, how do you explain 5% unemployment, 19k jobs, etc. Naw, you are in hope mode – I have been there many, many times. Do not for a second believe you have special abilities to turn this market with positive thinking. Best thing for you to do is to get out of your longs on this bounce, look objectively at what the fundies are saying together with the technicals, and wade back in the waters when your head is straight.

    It’s your only chance.

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  8. gappingandyapping
    gappingandyapping

    Do we sell here?

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  9. WildWestie

    BearFly–quit selling MVIS already! Show some faith, man.

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  10. gappingandyapping
    gappingandyapping

    The bouncy bounce stocks that is

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  11. kmorph

    jeez, when 10% of my MVIS position didn’t sell yesterday at 4.62, I didn’t expect a .43 drop.

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  12. kidstock

    Buy more kmorph. You’ll be glad you did…

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  13. alphadawgg

    I told you yesterday that MVIS would sell off hard today.

    It has now joined the ranks of iiG, MCHX and ARWR, in my mind.

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  14. BOOMER

    ETFC looks like its headed to the mausoleum.

    BOOM stopped me out and then shit my bed and my neighbor’s shower. Mmmmmm….explosive!

    Burn the mother down. All the way down.

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  15. JakeGint

    GES at anything over $35 is a gift from Shorticus, god of Ancient Financia.

    Bring him wheelbarrows of fat purple grapes and dead coneys to lay before his altar!

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  16. Woodshedder

    Anyone shorting AAPL? It failed at the 50 day. I sold some, but am concerned it might not be a good move going into Macworld. Thoughts?

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  17. JakeGint

    Boom — all due respect, but are you cracked?

    You knew what this thing did in the bull, why wouldn’t it do the same in a bear?

    And as old Turkey said to Livermore: “After all, dear boy, this is a bear market*”

    __________

    Ok, ok, he said “bull market” but it’s the same sentiment.

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  18. JakeGint

    Shed, way easier targets.

    RIMM, for one. Wait for that to crack. Also, our old whooah’s knickers, GES jeans.

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  19. JakeGint

    Kidstock, what’s the symbol for “kmorph?”

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  20. JakeGint

    There goes GES!

    Die, you flouncing whooah, die!

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  21. Caffeinated

    Abandon hope all ye who enter MVIS.

    Where did i put that jpeg of the burnt toast?

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  22. JakeGint

    If you got GES at anything above $35.50 today, you owe Shorticus extra coneys.

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  23. Mr. LIMM's Yoda

    Raps:

    Appallent it is to me,

    Dat LIMM no highah be,

    Den $101 to one-oh-thlee

    Rowah den dat I see

    Conveht, it wirr, dah Fry to “Flea”

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  24. JakeGint

    What’s with these guys from Crooklyn all thinking they have time machines? This from a Daily News comment section on Ed Koch’s “hopes” for Hillary:

    ***BULLETIN***

    Here is today’s guarantee:

    If Hillary loses in New Hampshire by the expected double digit margin, then loses South Carolina the same way she MUST TOTALLY run the table on Super Tuesday. If Hillary wins New York by less than double digits she is finished!!

    Now for the second part of my prediction.

    If Hillary drops out she will file for the fastest divorce in history blaming Bill and his legacy for her failure to win the nomination.

    How’s that for being the Brooklyn, New York version of Nostradamus?

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  25. BOOMER

    Jake – I was jus trying to scalp a few. I got a little crazy headed. I’m back.

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