Make no mistake about it, we’re going over the cliff and the United Steaks is going to be humiliated on the world stage, all the while our congressmen smirk–looking at polling data.
Markets will crash because our word is no longer gold. Gold is gold, so that might do okay. I am at a cross-roads, unsure what to do. On one hand, the markets should continue higher based upon QE. On the other, we have a temporary phenomenon–crushing the soul and spirit of the plebian investor.
Part of me wants to sell short to hedge, another part leverage up and wait for a resolution. But I cannot and will not rely upon the caprices and the whims of the sick perverts who work in Washington DC. Therefore, I will do without joyous grandeur in exchange for conservative austerity.
That being said, I will not sell BALT under $7, nor NSTG under $15. I will hold onto MODN because half of its market cap is in cash and YELP is a permanent fixture in the house of Fly.
If you enjoy the content at iBankCoin, please follow us on Twitter
My $TSLA is on fire and not in a good way. 🙁
http://www.youtube.com/watch?v=q0kjI08n4fg
When you are bring back Marlin?
Is he related to Merlin?
Choking with laughter.
OA, LMAO
in the pic, i imagine Fly is the spartan hat man, in what looks like plunging a knife into the chest of his opposition….most likely that Eiad Seeking Alpha dude.
If the Republican lunatics are smart they will pass a debt ceiling bill right away to get it off the table, and confine the fight to the spending bill.
But they are not smart. They have swallowed whole the self serving propaganda of the big money anti health care lobbyists who couldn’t get what they want through the ballot box so they are resorting to blackmail.
As an aside, my father was a doctor in Saskatchewan when medicare was introduced. He hated the idea of it so much he uprooted the family and we moved to Ontario. In a few years medicare also came to Ontario so he was stuck with it, but after living with it he became a total convert. His bill collection costs dropped to almost zero, he no longer had to treat charity cases for free, and he still operated as a private business. There was no gov’t interference on his practice at all, they just paid his bills, on time and in full.
Glad to have someone on here discuss some sound reasoning. The Republicans really are the party of bullshit. They believe we the pie is limited, and if “you” have more than “I” have less …ignorance at its finest.
what? there is no free lunch sir. it always comes at someone else’s expense.
There was no mention of a free lunch. However, much to the chagrin of the Republicans the “pie” isnt limited.
That’s okay with those who are eating the free lunch.
The logic that if somehow “They” take more then “I” will end up with less, is completely and utterly flawed. Logic like that is discussed in Philosophy 101.
As an aside, it would behoove many of you to look at the education levels of those on the left vs those on the right as a whole. Many studies have been done and are quite conclusive to who actually thinks shit through.
Al Franken is a gentleman and a scholar.
the logic of thinking in terms of “dems vs repubs” is flawed. They are all brothers from the same mother.
My friend, no mention of the Democrats …just the blatant absurdity of the Republican party.
You sound like a person who’s convinced the democrats aren’t equal partners in this ongoing sham.
Do not let the personalities of the players confuse you. They are both the same
In general all pols are cut from the same cloth I agree, but these guys are different.
They have let their hatred for all things Obama cloud their senses.
>They believe we the pie is limited, and if “you” have more than “I” have less …ignorance at its finest.
Sorry buddy..this is really an ignorant statement. You may not like Republicans but they certainly are not the party of the limited pie. I really think you need to get a better understanding of the ideology of each political party.
FI has been an absolute monster as of late. Suppose people looking for decent international tickers. For wahtever reasons, hasn’t seemed to get much press post-IPO. That being said, I am 95% out as of today – other 5% moved into the “permanent hold” porfolio.
My port is doing fine led by X, AMBA (sellers today though) and Apple. I’m tuning out the noise and focusing on what’s working for me.
The trolls at SA put out a hit piece on $ANGI today… time to load up?
So the prez just said the clam is a bubble blower and the market should eat shit and die so the socialist utopia goes over with out a hitch. Is that what you heard? I did.
XON consider it
Sit on pile of garbage with me BIN …. all the way form 18 holding;.. always within 10% of my portfolio..
Will also hold high cash here but will use it if I see opportunity, like today with WPRT.
Happy trading boss.
mr. Fly,
Are you going to buy ANGI, because SeekingAlpha (your ememy) said something bad about it?
http://seekingalpha.com/article/1726202-angies-list-only-322-million-in-member-lifetime-value-yet-valued-at-1-2-billion
Good Ole Seeking Alpha smashes ANGI after hours with their hit piece. These guys are amazing how they can manipulate a company’s price.
The question you have to ask yourself is: Do you feel lucky punk? Well do ya??
I for one do not feel lucky, other than the market gods have allowed a window of opportunity to leisurely raise cash amid the din of pol-tards yammering like infants. At some point in this Threepenny Opera, and probably sooner than later, the people and robots with big money are going to send a haymaker to the market.
So, what’s your cash level then, mine is 70 percent long, 30 percent cash. Typically, we get down about 120 and buyers seem to step in. No reason not to stay long in my opine.
Sorry, should have mentioned…i am 75% cash now, started week about 25% cash.
Also, no shorts here, just moving to the sideline rather than game any swing trades. I may take a day trade or two (long or short) until some clarity emerges.