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
22,427 Blog Posts

The Manner In Which I Think About Stocks Needs to Be Courrected

At times I get obsessive over this or that, delving into rabbit holes and coming out with clothes torn and face blackened by the journey. Since the beginning of the year I have been PERMANENTLY BEARISH, based upon a sundry of factors now worth repeating. Due to this disposition, I have escaped one of the worse bear markets in recent history and have achieved a great return for my troubles. However recently, I have stubbornly ignore one of my own cardinal rules: never short into Thanksgiving.

The SMH (Semis) are up 17% for November. The idea that there is even MOAR left in this rally makes me physically sick and makes me want to vomit onto the faces of bulls. NEVERTHELESS, I am going to regulate my emotions and trade with my mind, ignoring my body and soul.

Up until National Festival, the day we invested Turkey and stuffing dinner, I will be BULLISH. This means that on declines I will buy more. This also means I shall not sell short. In other words, I will simply trade around murderholes, should they appear instead of selling short into them. I feeeeeeeel I need to cleanse myself of habits that have more or less resulted in LACKLUSTER trading results the past 6 months (returns are near 0) and I cannot in good conscience be a bear into “we stole your land, what will you do about it day.”

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5 comments

  1. txchick57

    Don’t forget about the cranned berries

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  2. purdy

    Bah. Apocalypse-not-imminent Fly is just schmoozing the watchers in an effort to get his cryptobuck conversion rate up …won’t work.

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  3. soupbone

    We have become half brainwashed and half polarized in the western world. How can that work in tandem with the stock market other than to interfere with it? My bookstore has a new book entitled “The Antropocene Cookbook” in the Food section btw, since turkey is being discussed I figure youse might find it amusing what others have planned for you.

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    • purdy

      One thing I’ve learned since 9/11 is that people can be radically reprogrammed. We’ll be grateful for tasty bug recipes …we’ll be convinced that crickets taste like lobster.

      BTW, what’s a “bookstore”?

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      • soupbone

        “The Impact of Science on Society” by Bertrand Russell has such predictions. Never read it, but apparently it’s timely now though written decades ago.

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