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Dr. Fly
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
23,428 Blog Posts

CAUTIOUSLY BEARISH

Dr. Fly Fri Jul 8, 2022 9:52am EST 3 Comments

Given the state of the market, which has been bullish as of late, I am cautiously bearish on this final day of the trading week. My positions from yesterday netted a loss this morning and now I sit here with just a 15% weighted FNGD position and cash, down 55bps.

The likelihood of a face ripper is remote and I really don’t have the stomach right now to deal with potential churn, so I’ll accept any losses that could result from holding the FUCK FANG stocks trade.

There are many out there who believe the market has bottomed and it’s smooth sailing from here. Those people are wrong.

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3 comments

  1. duuude
    duuude
    July 8, 2022 at 11:32 am

    There is no panic yet.

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    • 0 Deem this to be "Fake News"
  2. og
    og
    July 8, 2022 at 12:21 pm

    So we aren’t in a recession yet?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. ezthere
    ezthere
    July 10, 2022 at 10:27 pm

    I would do her.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

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