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

Life as a Value Guy is Bland and Moribund

In my second day as a value investor I read up on the Napoleonic Wars, the 7 Years’ War aka the real First World War, and briefly glanced at my portfolios taking on minor damage. I made one faux pas, a trade in a CHINESE SHIT STOCK, that cost me 8% from my basis within seconds of purchasing it.

The market looks disgusting to me, filled with growth stocks trading at absurd valuations. According to my Austrian Economics handbook, the stock market is 90% overvalued.

Meanwhile, we enter mid November and the Turkey Gods beckon. I am indeed betwixt an austere and deplorable existence as a trader and this can only be cured by a gigantic resolution to the downside. We need some “consolidation”, if I might be so bold.

For those interested in celebrating iBankCoin’s 13th birthday, visit our merch store and purchase collectors items sold at deep discounts before I raise prices by 10,000%.

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8 comments

  1. maxx2000

    Happy Birthday Fly to iBankCoin on a glorious 13. Many thanks for all the laughter, tears and insanity. Holy shit, you’re almost legal in Tennessee. Sto lat and many more.

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  2. mad marsupial

    Healthcare is one of the best ‘values’ out there, since before the Clintons and Obama started screwing around with it.

    I’m going to have to pick up one of those Pelican cups.

    BTW, it’s actually better luck if you don’t blow out the candles. Nobody does that, so they just don’t know.

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  3. it is showtime

    13 is in my password
    Actually two
    “Bookends”
    13 marks the rite of passage
    The barmitzvah
    The fun. Culminates. K

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  4. emersonlakepalmer

    Sounds like no stimulus deal until Georgia senate races, so Fed is going to have to act in response to coming lock downs. They are not going to wait. Yield curve controls getting mentioned an awful lot. TLT for the trade.

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  5. purdy

    A second chance here for those who are not yet short bonds.

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  6. soupbone

    Value doesn’t rock without earnings, there might be some out there yet but they are also over-priced. Now, one could postulate there aren’t enough good equities with earnings to go around in the face of the huge bond market facing zero returns but that is the extent of the thesis imo. Bland is not a recommendable investment style, I should know.

    The psychology of President Trump is worth watching, even from Cape Breton.

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