*** The Capstone Programme has 6 hours left and then I close the doors until someone drops out. Make an appointment today ***
It’s over SantaFAGS. Your accounts have been destroyed for Xmas. All of the money you spent on presents, washed away twice, once by the store, and then again by the market. You’re looking into the mirror, seeing the visage of a very ugly man. I know the look, having seen it myself on numerous occasions throughout my existence. I will say this to you, boldly and flatly, nothing is a given in this world — not life, nor food, not even a bull market.
TAKE CONTROL OF YOUR FINANCES.
Do not subjugate yourselves to the academic opinions of those in charge of this country. You have a stock and it’s barreling lower — sell it. The idea to buy should be rooted in the actuality that said asset is rising in price. Catch a falling knife — you’re gonna bleed.
I do not say this without a heavy heart — but I did fucking warn you. I did try my best to alert you to what I was seeing. Very few people are able to see the market the way I see it and I’ve always known that. You play the piano; I play the market. This is my specialty.
YOU DO NOT BUY UNTIL OIL GETS BACK INTO AN UPTREND.
Oil lower causes oil stocks to go down, which then causes high yield bonds to go down, which then causes panic in the market. That is the workflow you need to follow. No position should be greater than 5%. No loss should ever exceed 10%. No stock should be bought unless it’s in an uptrend. I can go on for another thousands words. For the love of stolen Xmas presents, stop inflicting wounds onto yourselves.
Merry Xmas you terrible disasters.
Ciao
Fly
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When does it end?
On a long enough timeline…
Everything goes to zero?? Oh shit.. The Russians, the Chinese, the Fed… We need to build an IBank Nuclear shelter.. Maybe 200k sq ft underground in the Ozarks..
Sure feels like December 2007 all over again. We need a Salomon Bros, though.
Maybe Mueller will go after Deutsche Bank?
History repeating? Oh shit !
Another win for the image editing dept at ibankcoin.
Endgame was September to January. Knew it and said it throughout. (a final parabolic vertical leg) That was confirmed with Crack 1. 1st week of Feb.
Crack 1, meant final countdown. Once endgame ends, you’re looking for the final blow. All the logic, pointed to final countdown. As I said from Feb thru summer.
With the until-then disallowed march above 3% 10yr in October, I said look out. Crack 2 soon follows. Crack 2, basically changes final countdown, to…elevated…for…Gameover.
Elevated chance of Game Over is what I was phrasing in the few weeks after the start of Crack 2. Not game over but elevated chance. (making sure slow thinkers get it)
The breach of Crack 1 and Crack 2 lows recently was a signal that it’s probably gameover. Got the go-ahead to be more emphatic. At least. So pucker up.
What the heck does “gameover” really mean?
Are you saying that we might go all the way down to when you *first* called a market top? Wow, that WOULD be quite a crash.
Back to reality:
I’m a bear, but currently I’m 0% short, only holding longs (shoveled in at at 3:45pm) + cash right now. Why so confidant?
1) We’ve had two days of VIX spike capitualtions. In fact, if it wasn’t for our Toddler President, we would likely have been up big today. That’s also the reason I’m not 80% long: he might do something else stupid over the weekend.
2) We’ve had **7** straight days of down in SPY
3) DOW has closed its worst week in a decade
4) For those paying attention, you may have seem my post of Big money positioning mid-day https://ibankcoin.com/flyblog/2018/12/21/death-equities-high-yield-gets-smoked/#comment-556849
Now check those numbers again. Big money again betting that we rally hard next week. I have no idea why a trader wouldn’t want to be long at this moment.
I’ll gather the comment links eventually
Most of you aren’t connecting the evolving working theories of an investigative journalist.
I have a communications degree from a top J school.
Most of you don’t.
The current timeline is pre-election to post-election. Stop being an idiot quoting tossed-salad Top Calls from 2013.
The journaling I did separate from being a trader, but connected to being a permabear, in 3 stages were correct.
Game over. It’s the “other side of the mountain”
You’re a journalist? It all makes sense now.
LOL LOL LOL. You are correct. Most people have a real degree.
*WAS
journaling was
correct
3 stages were
correct
Vix is prerty chill as the market crashes hard. So not a bottom.
Vix 30 baby. What a beaut.
Sustained at 20 for weeks.
Gotta watch but no corralling of the elevated level yet
Vix Got to 30 target with 7% day rather than a blowoff top of 20%. So now the next target of 50-70 is possible. That means it’s the big one.
Tech peeps going bananas, everyone with an impending IPO that was looking to buy a house is thinking twice. Realtors Christmas ruined. #VXXTITS
Great job profiting off the ABSOLUTELY TERRIBLE choice of leadership that you helped usher in, Fly.
You might truly be Evil, Motherfucker.
P.S. You’re forgetting that the US gov was infected&infested prior. LEADING TO the choice that was made.
P.P.S The Dot Plot was most likely intended for Hrc as well. With the globalists in charge. It became forefront either Fall 15 or Spring 16
So, excuse the fools for their foolishness to make things worse because shit was already bad?
At least the people who bought their Trump University diplomas got their partial refund. The said choice, however, is costing the whole planet *bigly* and the restitution (the slow death of the GOP) will take a very long time to be realized.
Your truly a simpleton
Regards
Chuck Bennett
I hope “yours truly” isn’t, or *is* you?
You mean a simpleton like someone who doesnt know the difference between your, and you’re?
That comment was for Heckler.
But yes, your , you’re. That’s funny too.
Regular comedians
Also, I can’t click the link because I only access this through my cell phone. So piss off with that shit, or just text me yo.
Regards
Chuck Bennett
Morning Chuck – I was just pissed off last night. It’s been a long week. In addition to suffering harrowing market losses the gov shut down but I still have to work… fucking bullshit
That means you’re essential personnel.
Be proud
Regards
Chuck Bennett
As much as the market has dropped this week, I’m also seeing that the real capitulation has yet to happen. The lack of any reversal today *bigly* increased the probability of a 1000+ Dow-point plunge in the near future.
Jesus literally won’t save the markets this Christmas. Not in time anyway.
Turns out throwing a hand grenade on politicians and all of the fucked up things and ideas they continually expect to create problems for why they crave power, rather than solutions, sucks. Who knew?
Thanks for the Christmas tune Fly! However it did not seem to cheer anyone up. I’m an Old Man and there is one thing I know for sure. Things are never as Bad as they seem or as Good as they seem and what goes around comes around.
Merry Xmas to All and wishing everyone a Happy, Healthy & Prosperous 2019!