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
23,433 Blog Posts

Hold Your Wigs

You nerdtrons are about to be blown away, by way of a very arduous March. Let’s call it “madness,” just for the sake of naming it something. I am fairly certain, in my head, that we are due for a dip. If your 2010 investment experience is following a path similar to mine (up +12% to -5% back to +9%), you have to take profits here, unless of course your brains are made from shit.

Sell the dollar weakness and eat a large bowl of chocolate ice cream— you fat fuckers. On a side note, I have no respect for fat folks.

With my money, I have decided to LOAD THE FUCK UP on treasuries, via [[TLT]] . Starting, right fucking now, I am allocating 10% of my assets into [[TLT]] , leaving my asset allocation model at 43% cash, 47% equities and 10% treasuries. Also, it’s worth noting, I do have corporate and municipal bond exposure, but that’s of no interest to any of you—since you are ham and eggers and you do not have respect for “the money.”

In short, I expect the market to pullback, as drunken leprechauns scurry about looking for pots filled with gold—near homosexual rainbows. However, at the moment, I do not have any plans to sell short—at least not yet.

Stay tuned.

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29 comments

  1. jg

    fig

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  2. V.King

    Don’t bring it unless you can bring it…

    V.King 1:02

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  3. robert

    then why do you have the fat guy mouthing off on video on the right of your home page?

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  4. Steve Place

    For your homo options play of the day:

    TLT vol is lame, so it’s no fun selling premium there. However, TBT is only half as lame, and it’s structurally retarded due to it’s leveraged-ness– it’s not as apparent as the FAZmobile due to its low volatility, but it’s there.

    So sell call spreads against TBT, it’s effectively the same strat, but you get some premium and you take advantage of the liquidity of TBT options and the poor structure of the underlying.

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  5. Woodshedder

    Added short exposure this morning.

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  6. Milktrader

    Still short TLT MAR 91 puts, from a couple weeks ago (when TLT was trading $91.50) – as things stand I will be assigned and own it at $89.50, which is a bit more than what it’s trading at right now.

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  7. BigMike

    DOW 11,000 HERE WE COME!!! Yippie-Kai-Yay, mothefucker!

    You can’t bring this market down…the plunge protection team won’t let us honest bulls lose anymore $.

    You have been warned!

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  8. Yes Man

    Fly, do you advocate a ride on the Faz mobile at this time? Tickets are cheap.

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  9. pizzzle

    Great math.

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  10. Dirk Diggler

    Damn, I wish I had held onto more VHC. A 51% move in two weeks meant I had to sell, but now it’s up 71%! (in @ low $3.50s since last year).

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  11. J

    Fly:

    What do you mean by this comment?

    Sell the dollar weakness

    Just to clarify, are you advocating selling the buck?

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  12. J

    Dick:

    STFU up if I wanted to know your guess I would have asked.

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