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
18,854 Blog Posts

A Good Day to Harvest Your Crops

Markets were down a lot more today, following the best 10 day run in the markets since 2009. Ergo, and this goes without saying, it’s not a terrible idea to book profits here, AND MOVE TO CASH.

That’s right, Bottle Nose — move to cash.

I’m gonna post a video later today of the former FDIC chair talking greasy about stocks. When I see people like that getting bearish, it makes me nervous — because in previous downturns, fuckers like her foreshadowed grim days ahead.

Powell is going to make a speech soon and the market looks okay. But one was never hurt by harvesting his crops. It’s an easy thing to do, so get out there and do it.

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4 comments

  1. bronze28

    FWIW, a great TA; H.M. wrote that she expects a pullback but nothing too severe.

    AND SHE IS ONE OF THE VERY BEST; been following her for years.

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  2. bronze28

    btw, did any fuckers buy an MJ stocks?? second day running hard; a harbinger of things to come.

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    • edge

      Missouri just passed a law making it legal for holders of a medical marijuana permit to grow up to six plants. Also, possession in St. Louis county will only be prosecuted if the quantity is over 100 grams AND sales are being made.

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  3. edge

    75% cash. Sold small chunk of NUGT and replaced it with UVXY. R/W looks pretty good here.

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