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
23,473 Blog Posts

YELLOW INTO THE FED

I am working purely off intuition here. Might I preface what I am about to tell you with sheer facts: it’s almost impossible to game the Fed. Just when you think the market will tank, it reverses and applies THE IRON LOTUS to the heads of short sellers. When a melt up looks all but assured, it collapses like a cheap Chinese building in a really poor part of Mongolia.

I reversed my position and sold out of AMBA, for a decent 11% gain. In addition, I sold out of MTU and WETF, making  that two complete sales of companies that I promised to “double up on” should the market decline. Naturally, if the market rises I will go down as the greatest fool who has ever existed on the planet. On the other hand, holding a 60% cash position, while up 32% for the year, at the onset of the summer and potentionally treacherous Fed day, well, that isn’t exactly a bad place to be, quite frankly.

The stark truth is I am yellow, afraid to lose. The man who risks nothing never loses. Having said that, I still have a monster position in IMMR intact and another tradable position in YGE, alongside a few others.

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30 comments

  1. speerothekid

    Fools don’t hold cash, they don’t have that luxury

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  2. DuckDuckSuck

    How do you feel about O and the reits down here monsiuer Le Fly

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  3. iflyjetzzz

    Not yellow; prudent.

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  4. joe

    up till july 4th…after that, cash will be king till September

    spx 1700 by july 4th
    spx 1500 by labor day
    spx 1700 by dec 31st…enjoy

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  5. fly jr

    Just yesterday you said the market would never go down.

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  6. fly jr

    Bond yields demand support or this entire house of cards collapses

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    • bullish bob

      Yields? so you don’t want “free money” via low interest rates allowing bankers to borrow and speculate on the market?

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  7. LRz

    I feel like I’m watching Lindsey Lohan…will she take the crack pipe and go down in flames or will she take a half caff latte and have a decent day.

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  8. razorsedge

    they fired your buddy.. I’m wondering what was said.

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    • lol

      I got an idea… Open up a court case claiming Ben was unlawfully fired… They have to hear the case.

      Then when they ask for evidence, supena the NSA for all documents Necessary.

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  9. fly jr

    my shorts are working beautifully

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  10. fake guy

    Obama doesn’t want to take blame and neither does Bernanke… As such, Obama said “fine I will bring in someone else that can solve things in spite of me in accordance with allah’s my Christian God’s my will.”

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  11. Bdubbin

    Knowing when to deploy funds and when to hold them for better opportunities is just as important as good stock picking. I commend you good sir.

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  12. The Plumber's Crack
    The Plumber's Crack

    Installing the foundation for my new home in the Princeton area.
    https://www.youtube-nocookie.com/embed/cFb0nLCKypg?rel=0

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    • Half Blood Pope

      LMAO, Post of the day. They guy with the tambourine is the best part.

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  13. lol

    Mellow yellow… Lol
    that’s the summary of todays tape in general ahead of the fed.

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    • Not so clever Pete
      Not so clever Pete

      I kind of secretly hope Benanke (sic) becomes an insubordinate now… He reit-tires (sic) in 7months anyways and has nothin to “loose”(sic) now.

      Maybe it’s just because I am bored in this tape.

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  14. RAY ALLEN

    Not even looking at the markets today. Getting so much pussy right now its crazy.

    Such is life as a clutch three point shooter.

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  15. fly jr

    LOL at the “ben’s got my back so the market will never go down again”

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  16. Munch

    What’s pussy?

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