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
19,220 Blog Posts

Already Cashed Up — Readying to Get Back In

Yesterday on a whim I sold out of everything that was down — netting me a 40% cash position. Today the market drifted sloppily lower — without panic of any signs of discord. There was an easy calmness to this drop — a perceivable nothingness to the burger and I did nothing at all, other than watch the contractors working inside my house muck things up and trip over themselves trying to maneuver neatly.

With my cash, I’ll try to reallocate back into the market tomorrow. I can’t complain, really, as nothing of important traded too much lower and all of the signs of a continued rally are still present.

I’m exhausted, had a long day — fuck off.

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19 comments

  1. it is showtime

    Bears like inescapable bubble formations. Thank you deep state.

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  2. edge

    The market acts like it’s waiting for something.
    Brexit? Old news.
    Fed minutes? Nah.
    Earnings/warnings/guidance? Hey. Could be it.
    That will take a bit to develop. Until then there is a gap to be filled. I’m not short, but watching.

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  3. irma vep

    I hope your contractors don’t read your blog.

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  4. cancel19

    The whole story in one graphic. LOL well done, Dr. Fly.

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  5. ferd

    “…and trip over themselves trying to maneuver neatly.”

    Oh you poor dear. The “help” can be such a travail.

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  6. acehood

    Watching contractors is a long day?

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  7. mx2101

    Seems like I’m always seeing a penis at this site. God forbid my girlfriend should walk by at the moment it is on screen.

    You might remember years ago an extended discussion here about men in drag. I was amused. For the hell of it I put on one of my girlfriend’s costume wigs and took a look at myself in the bathroom mirror. I heard a creaking sound, turned around and found her peering in the door “ah ha, I KNEW IT, she cackled”. She made accusations for years, torturing me about wearing wigs. Death will be my only relief from her torment.

    So basically, be careful here.

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    • Dr. Fly

      I post these pics on purpose. My former programmer used to cringe at them because when he’d work at Starbucks — people would judge him severely by the titles and the pics. It made him so uneasy, so of course I had to double down with dick pics on statues.

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      • irma vep

        It’s a great statue and work of art end it says a lot about you Commander Fly. You are wide open to the world and not ashamed. You don’t fall for that bullshit.

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        • irma vep

          To quote the title of a book by Jane Austen, you have great “sense and sensibilities”. Posting from my iPhone and for some reason it’s coming out all funky.

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  8. irma vep

    This morning’s opening is not looking good. I’m not happy about this. However, right now I’m in for the long run only. But I would like to see the market drop big time at a perfectly opportunistic moment in 2020. Guess why?

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