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
22,563 Blog Posts

Getting Rich Carefully

My goal for October is to make 5%. This morning we have a wild market led higher by tech and all of the beaten down trash stocks catapulting higher.

I want no part of this ribald display of greed and lust. I’ve gone to cash and will now read a book. My quant is fully invested and will take part in any further upside ejaculation. As for me, I intend to content myself with the 60bps of gains for the session. I might nibble a bit later on, or perhaps end of session. The point is to book a solid October and not permit greed and vanity cloud my judgment.

Yes, markets look good. Currency is down, bonds up, commodities moderate, oversold tech screaming higher.

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