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
20,688 Blog Posts

Vacationing While Hell Rains Down on Wall Street

I arrived late last night because my fucking dog sitter canceled on me last minute, so I had to scramble and find a new one. The venue is spectacular, due to the refinement of the beach front property that I am staying at. However, overall, Myrtle Beach is, inexorably, a shit hole. Lots of tourist nonsense and places of ill repute. While here, I will keep myself away from all that and be sure to only leave when en route to fine dining.

Markets wise, things cannot be worse. The Dow is fucking crashing thru thru floorboards and I am hooked and flat footed, presently down 250bps. I have since pared off several positions and have increased cash to 25%. I also feel very uneasy about trading during vacation, due to my wife wanting to kill me for it. I might sneak in a few today, however, since things are so active. But it looks bleak out there.

I suspect the Nasdaq has more to fall —- but again I am reticent to attempt to play this now, so I will resort to dip buying.

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5 comments

  1. tradercaddy

    Tell Mrs. Fly you want to buy an “I (Heart) Myrtle Beach” T Shirt as there is an abundance of these shops in your area.
    Go into the dressing room to try it on and just stay inside there for some trading but be sure to drop the Fly family off at the beach first.

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    • roguewave

      trader
      I may make a trip to FLA.
      You said you liked Charleston, SC & Savannah.
      Any other ideas on places to stop / drive thru?

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      • tradercaddy

        Sea Island, Ga. and Fernandina Beach/Amelia Island, Fl. (just South of Ga. Border) are nice.

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  2. maxx2000

    Dr Fly, only three easy, but critical rules to remember about trading on vacation:

    1. Don’t trade on vacation
    2. Don’t trade on vacation
    3. Don’t trade on vacation

    In case any rules are forgotten, refer to rule 1.
    You’re welcome. Enjoy the beach.

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