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
21,493 Blog Posts

Bottomless Market

Thanks to crazy people, some of the beaten up financials are bouncing today, led by spikes in [[ABK]], [[RDN]] and [[NCC]].

With the current strength in the financials, “The Fly” will sell them short again, via [[SKF]].

The only real/non-bullshit moves can be found in the refiners, specifically [[TSO]], [[VLO]], [[DK]] and [[ALJ]]. Additionally, wheat prices are at new highs, as inflation infects the economy like retards on a yahoo message board.

Basically, I’m bearish on the markets. There are too many negative headwinds to deal with, mainly thanks to the inaction by the Fed.

Many of you, from the non-luxury of your bullshit pleather chairs, will cite inflation data and use it as an argument to destroy the world. That’s fine. However, I am far more fearful of deflationary forces, which if left alone can leave 2/3rd of you retards without adequate food supplies (“The Fly” likes to exaggerate on Monday afternoons).

In short, I am not selling my [[FXP]] position. I will be buying more SKF, while selling down more of my long positions.

If my time machine is somewhat accurate, the market is going to get its whig pushed back, during the first few weeks of the New Year.

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17 comments

  1. Bison Burger

    The small-caps are getting flushed. Go TWM.

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  2. Dinosaur Trader

    It’s nice to finally be in agreement with you.

    I think the first few weeks of 2008 are going to be very bloody as well.

    -DT

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  3. BOOMER

    DRYS has run aground. Ships sinking everywhere.

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  4. mrkcbill

    I was just getting used to being Flat.

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  5. Pudfucker

    ADY has rendered the Fly mustache-less, eyebrow-less, and toothless.

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  6. newequity

    The investors have been milked, via ADY.

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  7. Bison Burger

    ADY and ESMK and FRPT have been getting decimated for weeks.

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  8. WildWestie

    Fly–still positive as ever on MVIS? The action sure indicates otherwise. What about NTRI? 18.7M short out of 34.2M outstanding. New product roll-out today, yet stock down nearly 5% again. Looming recession just too much for it to overcome?

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  9. The Fly

    I sold ADY light years ago.

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  10. CubsRock

    DRYS cut almost in half the past 2 months, wow.

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  11. mrkcbill

    Stocks are for retarded people…how bout SBUX on the road to the sweet 16.

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  12. The Fly

    DRYS is a scam to begin with.

    Once shipping rates drop, DRYS will be $10 again.

    Odd, no?

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  13. alphadawgg

    “the market is going to get its whig [sic] pushed back,….”

    You misspelled “whig” with respect to it’s use in the sentence. It should be spelled “wig”, as opposed to “whig”, a gay politcial party in the British Parliment.

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  14. The Fly

    Alpha:

    And you misused the apostrophe in “it’s.”

    In the sentence I wrote, the appropriate structure is “its.” You, on the other hand, are unable to discern the difference.

    Odd, no?

    Fuck off.

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  15. alphadawgg

    On a non-grammatical note, I like your idea on SKF.

    It’s ironic that the depository institutions that hold your “coin” will lose market value, while you “bank coin” on their demise.

    Odd, no?

    Oh, and fuck you, too.

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  16. SaNTa

    Tis the season for assholes. Fuck this Christmas.

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  17. BOOMER

    fly – agreed on DRYS, but it was good for a trade every now and again.

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