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
23,417 Blog Posts

Back in the Tall Grass

TLT is rallying; therefore, you should be selling.

The market looked real nice this morning, as many investors jumped into with both feet–hoping to get rich. But look at it now, a fucking mess of the first order–manic in all ways and without top hat.

This sort of market is not for me, but for the pigeons, chirping around looking for stale bread. I will have you know, rather immediately, I enjoy a good piece of bread and never like it to be stale, unless accompanied by a caesars salad, which, incidentally, happens to be my favourite.

Still, I am getting lit this afternoon, with the majority of my stocks transforming into “fag-boxes”, especially LNN and EXK. I have the dastardly VXX on my side. However, it’s too stupid to understand that the market is about to take a dive.

In short, I am very happy to see VHC shareholders receive a reprieve from their “Braveheart” style form of torture. I, on the other hand, have numerous irons in the fire, all pertaining to exemplifying patience on a magnanimous scale.

I will not be participating in this market, until TLT drops like a stone.

If you enjoy the content at iBankCoin, please follow us on Twitter

23 comments

  1. adonis

    “I have the dastardly VXX on my side.”

    lol please write a book eventually

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. clegger_2000

    Ol’ Stocksage has a hashtag on one of his tweets #CANTLOSE

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. flyaway18

    TLT hasn’t dropped like a stone in months and yet you’ve still participated in the market. Maybe this is a market indicator that is no longer useful.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      It has never been this high.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Marc David

        If your 2012 prediction is correct.. it should be somewhere around $200 by year end.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.
          Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

          Blindly stating this (hehe), but my photographic memory indicates fibo. resistance at $136 (or mid-to-high$130’s).

          #FWIW.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  4. TheOSU

    I just stopped in toburp and fart…………….thanks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Steve-o

    Fly, what are your thoughts on WNR heading into earnings?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Moolahheaven

    The ‘Peoples Tribune’ applauds your apropos ‘Caesar’ salad choice. I too am waiting for someone to read the auspices…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Cascadian

    For TLT to fall interest rates would have to rise. The Fed would have act to raise rates. Do you see that happening any time soon?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      The Fed doesn’t have to raise rates. The market will reflate rates when risk is on.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  8. Trading_Nymph

    Today I am just sitting around to see how Timmy G meetings with German Official and later Draghi meeting will go. So far the German Official who had to meet Timmy during his vacation was a nothing event and Timmy didn’t even get his press conf. Now he is on to meet Super Mario.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. vking

    VHC

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. heaterman

    Everyone should read Mr Thalers Chik-Fil-A post.

    Hilarious and dead nuts accurate.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. vking

    Do you wanna play??? Stock play that is… Check out The V.Kingdom for a stock that will move 40% in either direction in the next 48 hours…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.
      Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

      IBC needs a link for: ““The V.King Magic Reverse Cow Girl Eight Ball T-Bag Power Trader?”

      Before the end of the… 12-12-12.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  12. republicat

    So far the dude that said to ~ “SHORT $DECK” ~ is off to a good start.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. milesknowsbest

    Sir Fly,

    When is FB a buy? Is Zuckershmuck the next Joker?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Clock

    …” and without top hat.”

    That says it all for me.

    • 0
    • 0
    • 0 Deem this to be "Fake News"