The fucking stock market is not a game, where you can just press a button and PRESTO— the market shits the shower and you become rich. I was one of you, a rotten bearshitter, one year ago today. However, the difference between me and you, I was waiting for bargains to buy stocks again, while you were sucking your own cock waiting for disaster. While you were stockpiling rice and beans, I was eating oversized sandwiches, filled with peanut butter and jelly, rooting for the little guy to get rich in the stock market.
Listen here you short selling idiot: you had your stock market crash, when it was decapitated to the tune of 60%+ in 2008. What do you want, another 60%?
Crashes do not occur often. Instead of being stubborn, waiting for the market to crash again, eat an oversized sandwich, filled with peanut butter and jelly and root for the little guy.
No one is suggesting the economy will roar back and everything will be okie dokie. The market responds to cycles. Right now we are in the midst of a recovery, whether you like it or not. In order for the market to fail, the cycle needs to mature then FAIL. Mr. Bearshitter, we are not there yet.
However, once we are there, I promise to let you know, via my prescient blog posts here on iBankCoin, in between bites of oversized sandwiches filled with peanut butter and jelly.
Cordially,
Fly
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fig
Usual suspects still expecting end of the world.
is everyone still getting drunk?
We are living in the land of unintended consequences. Everything is unprecedented …animal spirits are dead.
Flight to safety resumes.
ringa
Fly, can you shed any light on your current position/opinion of ENTR for us peons.
I never suggested the economy will roar back and everything will be okie dokie.
Can’t seem to overcome upper resistance, where else can you go?
Dammit Fly, how do you keep knowin what I’m doing? Just wiping my chin….
Anybody need some rice and beans?
Not “bearish” per se. Merely playing the odds and hedging my mostly long position.
One can sit in cash (I’m at 35%) or one can sell calls (I have) or one can go gimlet-eyed and purchase some puts (started there, as well).
Certainly these are not treasonous acts, but rather ones borne of wisdom and prudence?
_________
Are gimlet-eyes like some kind of fancy Ray Ban version of beer goggles?