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
23,471 Blog Posts

More Downside

Now, many of you are scurrying around, like a mouse chasing cheese, with regards to buying this dip. However, you are sadly mistaken.

Even the best bull markets ever, the ones that suck the pants off investors, feel the other side of the blade—on occasion. Back in 1999, I knew people who lost money in the market, long, due to erroneous timing issues.

So, my advice to you is: chill out and go eat a chocolate cake. You know, the sort of cake, like from Cheesecake Factory, that will put 3lbs on your ribs immediately.

On this dip, I am taking naps. Should the market dip another 2%, I will commence buying back in.

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34 comments

  1. Dr. Incognito

    Careful, the SPY is forming the dreaded Quasimodo formation.

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  2. mrkcbill

    Take a nap …eat a sandwich…..fast for 24 hours whatever…..should be light until Tuesday
    High Holy Day Monday.

    Senor Tropicanna……Le Fly……… Horatio…… I’ll say a little prayer for you.

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  3. jg

    “You know, the sort of cake, like from Cheesecake Factory, that will put 3lbs on your ribs immediately.”

    classic.

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  4. MOOBS

    You talkin’ to me?

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  5. jhroac02

    respect

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  6. mcgrady

    i want to shot a dip up

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  7. mcgrady

    people should buy the SPY March puts…like the 65 dolla put

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  8. punyandy

    Poof your bullshit melt up is on hold.

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  9. Rodney Dangerfield
    Rodney Dangerfield

    Good times

    http://www.youtube.com/watch?v=5zrsl8o4ZPo

    MMM MMM MMM

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  10. Cash-N-Guns

    Dollar bitches….Geithner just got the big your # 1…from Asia…

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  11. 4fl3x

    Master Fly, you are an incredible market timer. Some day you must tell all, even if it is all based on technicals!

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  12. JR

    Fly,

    Where can I find your(and fellow bloggers) book recommendations(library)?
    I remember someone asking you a bit ago, I can’t remember your response…

    Thanks

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    • Bubo verginanus

      Hi,

      One classic book recommendation was Reminiscences of a Stock Operator…

      Cheers

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    • ZenProfit

      Kiwin says:
      July 20, 2009 at 3:23 pm

      What happened to Gunner’s Memorial Library for Egregious Study (or whatever it was called exactly)? Was it collateral damage in the wake of the new design? And perhaps some new tabbed bloggers can add their own selections.

      The Fly says:
      July 20, 2009 at 3:25 pm

      We will add it back

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  13. Bobby Boucher

    Yom Kippur is this Sunday. So, does that mean to buy Friday or Monday?

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  14. Henry Fool

    ABAT trying to buck trend because it’s ready.

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  15. Henry Fool

    remember not all stocks move together. You need to be buying and selling at the same time.

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  16. Henry Fool

    This market isn’t going to go down until it does. Don’t you remember how how long the waves down took to play out? It seemed like forever.
    We’re in a Bull Market so go buy something if you aren’t long

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  17. Homo Bob

    The market seems resistant to a sell off. I guess we will need some dire news to do it.

    Meanwhile, I like watching the FAZ ticker, makes have to go poop just thinking about it.

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  18. TheArtist

    for all the fine fellows and fellowettes on this here wonderful site, let the melt up begin.

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  19. John

    Lenny Dykstra caught in a pawn shop selling his shit. Priceless

    http://www.nypost.com/p/news/local/video_dykstra_caught_in_pawn_shop_MWugdLmUJ5OA4Y5jPFnBhJ

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    • mrkcbill

      Next thing you know Leonard will be trying to elbow Pete Rose out of Ceasar’s Palace Mall.
      Man you’d a thought he would’ve gone to the Car Washes and shook out the Condom Machines before hawking his ring.

      He should of called his jock sniffin buddy Cramer to buy his his ring. Hey Lenny see if you can get a good Priceline flight back to L.A……. dickhead.

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