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
21,000 Blog Posts

Bubble Stocks in FREEFALL As Fly Vacation Looms

Here we go again. I leave for enjoyment and markets collapse thru the floorboards. It’s the age old tale that keeps repeating itself, haunting me as I traverse this plane.

I sold all of my down stocks this morning in attempt to stem the tide. Too late, already down 160bps. Both cataclysm and doom is around the bend. I am tempted to trade, but should not, as I will be on the road for the next 5hrs.

I can do nothing now but watch, as I sink into oblivion or rise due to miracle.

I am 67% cash, halfway angered, halfway amused by the circumstances of the market. If we are following the 2014 pattern, we bounce hard in May and then collapse again. The overall market is fine. The problem we have now are within the once very fun and very overvalued bubble stocks.

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3 comments

  1. juice

    ABORT VACATION, ABORT VACATION !! The stocked markets depend on Monsieur le Fly never leaving his tens of thousands of monitors sucking the life out of him.

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    • metalleg

      Hilarious. Only problem with that is Mrs. Fly will put Señor Fly in the doghouse for a few weeks.

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      • juice

        Señora Fly would shave his el Grandes Cojones with a rusty blade.

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