The market is always trying to steal your money. Case in point, had you bought into the “this is the final bottom” fiasco last week, you find yourself today pondering the very meaning of life and why the stock market is even worth your time.
The stark truth is: most people should not be invested in stocks. If you have debt or exorbitant amount of expenditures, you are a fucking idiot for investing.
In my opinion, if you have a liquid net worth of 1 million, only 10-20% of it should be in stocks. Far too often I’ve seen people lose it all, at the hands of Mother Market. It’s easy to get detached from reality, when dealing with the shenanigans of day to day investing—during an era of rampant fraud and corruption. However, try not to lose focus on the whole purpose of having money, which is to have fun.
If you’re not having fun, you’re doing something wrong. Fuck the market and it’s trickery. Go on vacation. Spend 10k on egregious shit. Your family will appreciate it and so will you.
In other newz, the market is quite busy taking vacation money from “bull fuckers.”
As a result, I grabbed my balls and sold short inordinate amounts of [[TCB]], [[CHL]], [[LEH]], [[CMA]] and [[MI]]. In addition, I am buying more [[SRS]].
By the way, “The Fly” has several big wins in store for the Godly folks at iBC. I am sure you see that ridiculous ad on the upper right and think: “that man has done lost his mind.” Truth be told, I lost my mind years ago. However, the next phase of my “internet life” will be one of genius.
To sum up today’s tape:
We’re going lower. Grab your balls and get short or take your money and go to Disney World.
NOTE: I will be out all day, due to a mandated physical. Yes, the physical is being mandated by Mrs. Fly. Fuck you.
UPDATE: I bought [[FXP]], SRS and even [[SKF]]. I sold some [[CLNE]] and [[FMCN]]. In general, I like green eggs and ham much more than bank stocks.If you enjoy the content at iBankCoin, please follow us on Twitter