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
23,531 Blog Posts
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Readers of IBC need to just buy and hold names, where they can make a 4-5X return on their money. The fly has given so many great stock picks over the years, but pikers on this site just prefer to stay degenerates. For all the zecco account traders out there it does not matter how much le fly is up or down, cause you guys need more like a 300-1000% return YoY. Let matt bear or teddtrader gamble their bankroll away, but make sure you never sell.
over what time frame?
Don’t be mad bro cause you made 10% last year when the S&P did 30 while others doubled their portfolio. Envy is one of the seven deadly sins! Continue drinking your Old Milwalkee and Laying in your hammock outside your Trailor instead of being a jealous Degenerate .
you and matt bear must be killing it!
Why are you guys arguing?
right. it does not matter.
BULLISH !!!! Then bearish !!’ Then BULLISH !! , does that help?
Wait for the final results
Here is direct link for mobile http://host1.easypolls.net/poll.html?p=5352c82ee4b0ed4ed96d47df#.U1LLr23ujxo.twitter
As long as O is at the helm, and Yellen continues free money policy, markets won’t tank. That doesn’t mean many big cap stocks won’t drop 50+%. There will be fluctuations, but in the end markets will at worst end up even.
Zzz
Jus
BEARUSH
BULARISH
April squalors bring May dollars
What squalors? The SPY is at all time highs.
Bearish short term, bullish long term.
I’m not telling which way I voted.
Bearish . then bullish. Then really bearish.
Depends on how the earnings are absorbed. Opex fuckery made it hard to get a read. Plus the numbers just started coming in. Next week should tell the tale on the companies that have reported.
IBM GOOG and GS will be a huge tell.
How is goog a tell? Ad revenue is the US economy now? And IBM was horribly overpriced as of late likely due to a run to old man stocks.
IBM is the ultimate financial engineering tell. GOOG is the who does not own it tell and GS is a health of the game tell. These three tank? We need more coke and the SPY is in trouble. Or CVX and XOM double and the SPY is fine.
They can stay flat. They just can not tank. The coke supply is all that matters.
Senor Fly. Do you still see the Ukraine as meaningless to the tape? The latest horseshit about a flyer reeks of desperation from the west. Throw shit until some thing sticks. Not exactly a “we have it under control” move.
In an attempt to raise your spirits I voted bearish. Just wondering if you are Canadian?
Yellen has a loose rudder.
Think about it…the first woman to take the helm. Just the image makes those old time traders nervous.
One loose comment, and away she goes, like heavy anchor with 1000 feet of chain.
I’ve heard her Admiral Nelson hat is on backorder at Amazon.
Seen Lone Survivor?
I am extremely bearish — save one possible event. If we add +250k jobs on the next report, I’ll move to neutral/semi-bullish.
Seems unlikely though…..
We’re all economists now, apparently.
Well, anyway, I’m rooting for your comeback. I’m a realist, so i’d like to see you cut it to -10% in the next two weeks. That would be a huge win.
I’m bearish, but I will mostly reduce risk rather than become a plunger. It is a historic bull market, after all.
Ripper- after a terrible string of loses I’m up 10% on the year still. I made 54% last year.
So you can go fucking pound sand til your knuckles bleed, sir.
Bears are the day / options traders that have had their asses handed to them. The rest of us are fully invested in the bull trend.
All I know is that the Pakistani has been selling feye with both hands on our heads
Jeremy, is the stock market indicative of the US economy?
Noni, that is a loaded question. I would say generally yes, but the correlation is becoming less and less. The huge rise the last few years has a lot more to do with QE than the economy.
J, why wouldn’t banks and hedge funds take that money and start shorting our indices?
Idea of QE is to push yields lower, forcing money into riskier assets, so shorting stocks with that money wouldnt make much sense
So you do think the whole market is rigged and controlled by a select few?
No, not rigged (unless you are tick trading) or controlled by a select few. But it can be and is influenced by the feds actions. An up market is basically in everyones best interest. I think we are in a few era where it is getting more and more challenging to time the general market. Basically have to be able to pick stocks. Thats the Flys forte from what ive seen (minus the last few weeks)
J, you should never try to time the market, come on. you might as well put a blindfold on, and throw darts at the board. If people have some patience, you will make money in our market.
That just isn’t true at all. I did it for 13 years, and very successfully. 2008 was my best year. But I do admit it hasn’t worked as well the last few years, so going forward, I guess I would advise people the same thing you are saying.
Market timing? I’m not a technical analyst at all, I read some books at the behest of a friend, but just never got into it, as my background is finance and accounting, so financials make sense to me, but overall, i feel it’s impossible to time the market. If I could, i wouldn’t be here talking to you, I’d be Barbados, throwing money around like Costanza after the great “Stock Tip” episode.
Can all our banks really short our market when our government(some didn’t need TARP money but were forced to take it for political purposes) gave them tax payer money? we just had a bear market, guys.
what we don’t want is a sideways market that goes nowhere.
Also, a friend of mine turned me on to this website, you guys that hate on fly, you sound like a bunch of big government, liberals. You should praise people who put in their time to be successful.
I have this friend who I consider the dumbest of the dumb money. He’s the kind of guy that pays best buy geek squad hundreds of dollars to plug in his brand new TV. And he has a lot of dumb money.
About a month ago he came to me and said he wanted to put some money in the market, wanted some advice. The last time he wanted to put money in the market was a couple months before the 2011 shenanigans.
I can’t get too bullish here, this guy is a bad omen.
Sounds like your close friend isn’t dumb money but is a star and is too busy being productive to waste time setting up his own tv
Not mutually exclusive
Exactly my point.
Pauli is the tell. Destroyed. Which ever way the tape goes? It will go hard.
Bull
Hey i love this blog, im going to bookmark it and show my BF later :).
Ok J Livermore
Yellen looks like a platypus, no?
Happy Easter all. Money may be king on this fucked up earth. But Jesus is king of the whole universe. We are not just a freak of nature. We were designed by our creator.
Poll is too bullish
.
I’ve been BULLISH …
I’ve been BEARISH …
—–
NOW … I’M just “SHEEPISH” !!!
.
sheep•ish :
adj.
1. embarrassed or bashful, esp. for having done something wrong or foolish.
2. like a sheep, as in meekness or docility.
.
.
… that said … still LONG some FAZ from Thursday … tight STOP !
.
Polls are bullshit
Or Bearshit, depends on your perspective.
Polls always make me wonder if I am the smart money or the dummy money.
bullish energy in particular. I see PFE threatening to make another large acquisition. fuck that I’m ditching.
Bullish
Narwhalish
Bullish with a single horne of pearl.
Worthless futures markets are green. Gold just spiked. Who trades this time of day? The retarded action must be link able to a certain group of traders.
Japan, Thailand, Phillipines, korea
Well they must be retarded. Thought they all went to school?
Bearish of Course. Well Bunnyish right now, Happy Easter.
Bjork’s swan dress! I thought I’d seen it before.
I posted my real pic here in 2010 and Jake said I looked like Bjork (he is a big fan,fwiw I think I am way cutier). So,Because I am waiting for the Copper Black Swan out of China I thought the dress would be perfect.
Silver has the look of death. If anything goes first? It will be sterling.
The Pound/Sterling looks so strong. BoE isn’t worried with the stronger Econ Data they have been posting. All Commodities are in a weaker positions with the slow down in global growth. FLASH MARKIT PMI data imho this week will be very important.