iBankCoin
Read Scott here on iBankCoin and also at http://www.createcapital.com/
Joined Jan 19, 2010
717 Blog Posts

ohhh, Scary!

The market needs you out. The back of complacency must be broken. The DOW 10k area must be toyed with, over and over again. The breakout from Dec/Jan must be tested and some marginally broken. Roubini must be a hero, again.

It’s gonna be a long, hot summer. What a great time to actually accumulate good ideas. I live for the kind of market that you all despise. Trade your way into oblivion. Don’t let the door hit you on the way out.

BTW–yields are going lower, eventually because we are Japan. The only thing that will keep 10m people in their homes after the next round of depreciation will be the giant refi at 3%…

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7 comments

  1. TA

    Let’s just call it the summer of bullshit and be done with it
    Unfortunately I love selling volatility and I just have sell a little

    Looking forward to your posts

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    • scott

      Thanks for my nickname; Scott the Worrier! or was that Warrior?

      BTW–a hellofa different market than just chasing AIG higher, eh? Time to Work!

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      • TA

        Might be warrior now, can’t wait to see what you come up with next

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        • scott

          You mean “the next big call”?

          It’ll come when it comes. I’m afraid we are in for a period of sufferage first…

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  2. Chris

    Not all of us traders are trading our way into oblivion ya know.

    Trading the swings while I look for the same kind of longer-term quality bargains that you are.

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  3. Groove Thang

    Next round of depreciation? Sounds like tinfoil hat material to me… soon you’ll be telling us about the dangers of Agenda 21 and UFOs/Bigfoot.

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