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.
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.If you enjoy the content at iBankCoin, please follow us on Twitter