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
19,609 Blog Posts

RULES ARE RULES — TAKING PROFITS — PUNCHING FACES OFF

Futures reversed course after China said the Yuan wouldn’t keep going lower. Now everyone is jerking off to the tape. Some of you out there, evil malevolent people, probably thought Le Fly would take an L. Those people are wrong. As a point in fact, the last thing I did yesterday was buy DRIP — because I knew oil could serve as an outlier to the markets — down while up and that sort of thing.

On this very morning, that’s EXACTLY what transpired.

See pal, that’s who I am.

Fuck you go home and play with your kids.

I booked an easy as pie win on DRIP today, “a minor jaunt” if what we call it in the northeast — for the express purposes of profit. While some of you might try to duplicate the swashbuckling of Le Fly, I do not recommend it for rookies — for it is both dangerous and absurd for you to compete with me.

Going forward, I bought stock in a SAAS name this morning and will add to the market, or subtract from it — as I deem necessary.

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10 comments

  1. Marc David

    LK is rocking! You bestowed a gift. Thank you.

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  2. numbersgame

    30 year Treasuries – the old man trade – have gained 20% in just 5 months.

    The good news for those late to the trade: expect them to continue to gain through the next recession, so timing is not a concern. Very easy trade for the patient.

    The bad news is that their rates are unlikely to fall below short-term Treasury rates, so most of the easy money has been made. From this point to the next recession bottom, there’s another 10% or so, but your looking at gains of <1% a month on average (and it won't be a straight line up). Still, better than taking a 10-20% loss in the market.

    If you are so *lucky* as to have an investment advisor, you should already be 15-30% invested in US bonds 10-years of longer. If not, then consider hiring someone that knows what they are actaully doing instead of just taking credit for passive perfromance or high beta. There's a good reason that IA's are being replced by robo-advisors..

    https://www.forbes.com/sites/robertberger/2015/02/05/7-robo-advisors-that-make-investing-effortless/
    https://www.nerdwallet.com/best/investing/robo-advisors

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  3. spaceman

    Wrong AOC is right world ends in 12 years bonds going to zero BUY PHYSICAL GOLD.

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    • numbersgame

      If US Treasury bonds are going to zero, then you don’t want to buy gold, you want to buy *real estate* in whatever country you think will be left on top (I’ll also point out that I’ve mentioned before that i have no intention of holding those bonds through maturity, just through the next recession)..

      For the record, show me a list of top-25 economic powers minus the US, and I’ll show you a list of countries that will be worse off than the US in 30 years. We have problems, but so does everyone else. What other don’t have is the trifecta of large innovative, diverse population + huge (contigent) land mass + world-class natural resources.

      If you want a real disaster scenario, it’s probably an EMP/technology war. So think about this: what would you invest in if the Internet disappeared?

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      • alty

        Numbers you are no different than every other delusional shit poster on here that pops in only and every time the market pulls back 3%.

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        • numbersgame

          I was actively posting during the rallies, too, but since the traffic has moved internally (to Exodus), then I have indeed been losing interest and mainly post when I can toot my own horn.

          So while i am highly confidant that we’ll see 2600 on the S&P again, I am not calimnign that we go staright there every time the market hiccups. Instead, i am giving you an actionable, time-independant trade that has already crushed the market and will profit further with the market collapse, and pretty much oscillate until then.

          No one shoudl be holding a large amoutn of US stocks without a plausible explanation of why the 30-yr interst rates are lower now, 10 years into economic recovery/expansion then they were at the depths of the Financial Panic, when the wealthy piled into Treasuires because Money Market funds were dropping below $1 and bank accoutns were only insured to $100k.

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        • numbersgame

          What are you offering? Buy-and-hold, 100% index funds?

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        • numbersgame

          BTW, April 23, market at ATH in full bull mode, I actually predicted that the market would move *up* another 3%, but that bonds would still be a better paly.

          https://ibankcoin.com/flyblog/2019/04/23/checking-soon-work-done/#comment-560254

          Right on both counts.

          Of course, I don’t want to underplay your contribution to this blog on that same date, so i’ll just let your comment speak for itself:
          https://ibankcoin.com/flyblog/2019/04/23/checking-soon-work-done/#comment-560253

          (drops mic)

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      • ferd

        Diversity is a very mixed blessing.

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        • numbersgame

          Agreed, but rather than post my long rant, i’ll just say the positives outweigh the negatives, and the USA serves well as Exhibit A.

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