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
20,461 Blog Posts

Proof of Time Machine

Back in late December, “The Fly” warned you (internet leech) of pending doom, yet you did nothing.

Look you, “The Fly” doesn’t have time to fuck around with destitute poor guys on the internet. I do this for fun and “unfun.” Through internet ads, I make enough money to put two weeks worth of Monster Energy Soda in my refrigerator.

As for today’s trading:

Crazy people were buying financials today, due to takeover chatter.

Rubbish.

You need to understand the reason why these banks are consolidating. It’s out of fear of collapse, not desire of making money. In short, these deals are bandaid solutions to a much bigger problem.

With my money, I want to sell short [[LEH]] and the big banks, via [[SKF]].

Now, even though I believe we are in a bear market, there will be bounces. For example, I would not be surprised to see the Fed do a surprise rate cut on options expiration day. They’re fucked up like that.

Or, on the news of further consolidation, the banks can run another 10%.

However, at the end of the year, the Nasdaq 100 will give up last years gains of 18% and more. So, use the rallies to sell longs.

As for [[DECK]]:

When the Great Depression part II comes, the only use for Uggs will be food. Hot chicks will have to eat their fucking boots, due to their lack of funds to buy over-inflated groceries.

NOTE: In case you didn’t know, this was the worst start to a new year, ever.

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22 comments

  1. jeff

    Here here. Well said.

    Print more money Rothschild.

    Sit tight in PRPFX, DXDDX

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  2. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Exactly, and it is for that reason that I left some nutritional benefit in the ugly boots.

    The poor things would have starved if left to dine on CROX alone.

    Where is my misguided minion Frosty, by the way?

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  3. nncoco

    I heard you when you said, “I see stocks and want to sell them.” I sold all stocks, both profits and losses, and went into GLD and cash.

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  4. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    My question is when will the young Broker begin accumulating the coinage of the gods?

    Bring on the silver denari!

    Bring on the golden shekels!

    After all, there’s no use in “banking coin” if it is going to be transferred into increasingly worthless bits of green papyus adorned with bewigged and stern ancients.

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  5. “When the Great Depression part II comes, the only use for Uggs will be food. Hot chicks will have to eat their fucking boots, due to their lack of funds to buy over-inflated groceries.”

    Fly that is perfect. Have a good weekend fucker.

    Be sure to ask Steve how the market is doing.

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  6. mrkcbill

    That last post was me sorry about that.

    Shorticus are the Giants going to do it. Can you work some of that wizardry so I can get down.

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  7. Manny B

    AAPL will resurrect tech next week.

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  8. gappingandyapping
    gappingandyapping

    Come on now DECK is only trading at a whopping 7.34 times book!

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  9. BOTD

    get on the short bus!

    we are all fucked.

    our short list is growing daily… AXP was golden today, COF is up next, i mean down. COF = COFIN … MAXED OUT FUCKERS!

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  10. BOTD

    one day we can http://www.BuyOnTheDip.com again….but for now its

    BUY PUTS ON THE POP!

    (p.o.p.)

    monday should be green, use next week to get short again.

    boobs are good.

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  11. Sierra Water

    Deck may be the best short since CMGI @ 1000 circa late 1990s.

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  12. Sierra Water

    DECK looks like CMGI @ $1000 circa 1990s before it crashed to $5.

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  13. Sierra Water

    I guess you can use say things in two different ways as illustrated above. lol!

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  14. Nostradominic

    Hear me now and believe me later:

    When gold finally gets to $10,000 an ounce, a loaf of bread will be $20. Monster sodas will cost $9 apiece and The Fly will no longer be able to afford a trader/servant, just a couple of non-English speaking illegals trading from an Apple II computer part-time.

    Coin or currency will have to be made “wheel barrow accessible” by law. Eventually, all coin and currency will disappear and we will only be able to use credit or debit cards in a cashless and decadent society.

    Things will get so bad that we will go back to the barter system, since there will be no more currency and banking system. Credit and debit cards will disappear since plastic will be a food source.

    Nanny goats will be at a premium, and Romania will be the capital of the “New World Order”.

    Ironically, Angelo Mozilo will make his re-appearance and corner the goat futures market, declaring himself “Capra Tannicus”, the “tanned man-goat demigod”.

    Finally, there will be no more followers of Shorticus, since there will be no more markets to short. He will fade away like mist, into the abyss of forgetfulness.

    All because of sub-prime lending.

    Odd, no?

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  15. gappingandyapping
    gappingandyapping

    Broker what was the movie clip that you posted awhile back titled “Fuck these guys”. It was about the car salesmen pep talk? I forgot the movie.

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  16. Shorticus, God of Financia
    Shorticus, God of Financia

    I approve of Capra Tannicus, if only to see Mozila with a beard and four hooves.

    Even if it means my own demise. All gods must eventually fade away.

    Until then, bring on the belly dancers with their silver bells and finger cymbals!

    Bring on the frankincense! Bring on the myrhh!

    Bring on the gouts of heavy Midian wine!

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  17. The Fly

    Gap:

    Suckers

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  18. Suny-tzu

    buy the Chinese renminbi
    sell the Romanian drosophila

    (yes, i stole that from alpha-d)

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  19. alphadawgg

    Shorticus,
    You forgot to demand gold, toga-fucker. Next time, read up on your precious metals…and quit playing “hide the lightning bolt” with your gay demigod friends.

    ——————————-
    Suny-tzu,
    I liked your book, “The Aaht of Wahl”.

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  20. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Scrofulous Dawg;

    I defecate gold, my quisling. All I require are the traditional sacrifices — goods blessed by Ceres and Bacchus.

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