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
20,626 Blog Posts

I’ve Seen This Stupid Shit Before

Long ago, before some of you were born, there was a place and time in this country when young Fly and his idiot broker friends would buy stocks because they split their shares. I even wrote two stories about my ordeal. Go ahead and see what happened to me.

Shares of TSLA are higher by 6 to 10% today, depending on when you tuned in and the only explanation is stock split. Apple, the world’s largest company, is up 3.2%. Most stocks are down, led by speculative small caps. Dare I say, the cosmetic nature of weighted indices is fucking retarded?

I can tel you this with 100% certainty, at some point this fucking bubble is going to blow into 1 billion pieces and your arms and legs will be strewn apart across your office walls. Your wife is going to leave you and your kids will spit in your face for zeroing out the family nest egg. This is, without question, SPECULATIVE EXCESS.

Knowing full well how this ends, I am also KEENLY aware how irrational people can be and for how long. This can last a long time — but never take your guard down. No one is safe and anyone can get it.

Yes, that was also a double entendre.

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One comment

  1. Raul3

    Amanda cerny bought 20 shares of tesla before the split. She is the Sarah Palin of instagram. Let her lemmings flow into the tape. We have to sell at some point, but where? Nobody knows. Maybe Thursday. Maybe today. We don’t know.

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