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
23,443 Blog Posts

A Detailed Look at Today’s Trade

Okay, maybe the planet isn’t going to explode, just [[LEH]]. Exports are still being shoveled out at a record pace, thanks to the weak dollar. Unemployment is not that bad. And, [[WMT]] is a taking a pickax to [[TGT]].

However, in order for the market to rip higher, in my opinion, the commodity bubble must be popped. You cannot have a bull market, when oil is above $110.

Sorry, I will not allow it.

Right now, semi’s are melting up, led by [[INTC]]. I will not try to explain why. It just is.

Banks are lukewarm to down. The dollar is being urinated on by the yen. And, [[TSCM]] is ripping.

That pretty much sums up today’s market.

See you later, fuckfaces.

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15 comments

  1. Big Mike

    What I tell you, fuckers?

    When Fly starts talking shit…BUY!!!

    I think Cajun already caught up on this, and bought LEH this morning…

    Classic shit…

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  2. Da Bears

    Fly, the mkt can rally with $110+ oil. it rallied when oil was $100+. do the asshats touting the stimulus of the tax rebate have any clue that higher energy will completely offset any tax stimulus. you cant explain the activity out there right now but you couldnt explain the activity in Oct when the mkt took out its prior high, but look what happened to the mkt post october.

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  3. alphadawgg

    Off to Dunkin Donuts?

    The market will rally. It always does when you leave your post.

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  4. just watching

    PJ and GS both like FMCN even after cutting ests, see $2+ in ’09 and $65+ targets. Plenty of room for recovery at this point. I guess the all-consuming question now is whether high inflation will cause Chinese consumers to close their eyes while in elevators and lobbies…

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  5. CAP

    All this rallying ends when people realize that we are approaching the 2nd half of the year and things are likely to get worse on the economic front , not better. Once all hope of a 2nd half recovery falters, the markets will act accordingly.

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  6. gappingandyapping
    gappingandyapping

    Ofcourse you know I fully agree with the oil notion. You cannot have a ripping market with oil up here bottom fucking line. Short oil short the dollar for a hedge..

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  7. larry

    Alias:BPOE

    This is just massive short covering. The fact that MVIS had a giant short cover run up makes me wonder if Tokman won’t issue more stock before it goes back down. If he could he would.

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  8. Tokester

    Lahhry, dat vood be joozy!

    Tinks for de idear!

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  9. brushbuck

    MVIS to roll out “new toys” soon…???

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  10. Woodshedder

    Fly, I thought you were gonna trade my advice, or some shit like that today?

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  11. Fabregas

    Bought a chunk of FMCN this morning. Most Chinese consumers stare away from these damn screens, but all the dumb advertisers are still chewing up this media. Looking for a quick rebound to $35-36.

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  12. calvino

    HD and LOW melting up, must be on the absence of customers.. or in anticipation of the ripping 09 recovery. Better entry point to short, imho.

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  13. larry

    Alias: BPOE

    brushbuck;

    This is not the time to buy MVIS. No contracts and lots of new toys is just that. They will have to issue more stock soon if they don’t get a REAL!!! contract. However one can always get Lucky. Luck Sucks big time.

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  14. ck

    where can i buy a bicycle that u can back-pedal?

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  15. kurt

    unemployment isn’t that bad yet because all the people that got laid off the start of this quarter haven’t filed yet.

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