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
23,431 Blog Posts

Greetings From Romania

After crying in a filthy alley for two hours, “The Fly,” thanks to his rancid portfolio of bedeviled inverse ETF’s, packed his bags and went to Romania, yet again.

There is nothing left for me to do in America. The recession is over and the bull market is back.

Like losing at a racetrack, “The Fly” lost countless millions in “bets gone wrong,” as the banking sector healed itself overnight and dumb people started buying 2nd and 3rd homes again.

All of a sudden, the dollar is King and the yen is its bitch again. As for the euro: never heard of it.

If you are worried about the strong dollar hurting exports, you are just a worry wart. Our corporations will quickly adjust and shift manufacturing away from the “expensive” factories in China to small “cheap” villages in Africa.

Finally, the whole paradigm has shifted, whereas commodities were once stable investments; they are now subprime banks. And, as you know by looking at [[SKF]] , banks are now farms, where money is grown, harvested then sent to China.

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18 comments

  1. BS Dodger

    “Where have all those Bearshitters gone;
    Long time pa-a-sing.

    Where have all those Bearshitters gone;
    They are laying low!”

    Especially Oil Bulls like crudebroker.

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  2. nik

    I’m 10x short in ES

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  3. Senor Tropicana Sr.
    Senor Tropicana Sr.

    How much u still up this year, son?

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  4. AI

    Your story is played out need a new one……….

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  5. Drunken Icelandic Jew
    Drunken Icelandic Jew

    Al, stick around. The story changes around here all the time. When the facts change, opinions change.

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  6. KC Trader

    The recession is not over.

    You will be selling those longs soon enough.

    Its NOT over!!!

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  7. Is Romania next to Rumania? “The Fly” called a bottom when he said “F” the banks – that did it!

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  8. ZenProfit

    Mr. Fly:

    With China clamping down on American lesbian couple applicants, I hear there is still a strong market in the Romanian baby adoption business. Just a thought.

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  9. Ass on a platter
    Ass on a platter

    HRB 52 week high.

    I could have sworn I read on a godforsaken romanian blog somewhere that some mortgage guy who is into retarded sensationalism largest postition is short the above referenced issue.

    O

    U

    C

    H

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  10. let september come .
    we’ll see where we’re going still

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  11. Sierra Water

    Fly,

    If you need an assistant in Romania who is hard working, please let me know.

    Wiped out,
    Sierra

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  12. KC Trader

    You know, when your making the same calls as Cramer, calling a bottom, you know the bartender needs to cut you off from drinking Romania goat milk. I hear it pretty toxic and potent.

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  13. Rally Monkey

    You can’t stop the Rally Monkey. You can only hope to contain it.

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  14. chivasontherocks
    chivasontherocks

    http://www.rallymonkey.com/video/kenindex.swf

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  15. NUT

    Even a blind squirrel finds a nut on occasion………..

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  16. buylo

    don’t forget to write us a postcard from sunny southern Roomania and try not to freak out the goats lest they faint from fright seeing the rally monkey! WTF just happened? This should suck in the bulls and then whamo, we go down!

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  17. calvino

    What happened. Ok, I will tell you. The ECB and the SNB have extended their uncle Buck repos to eighty four days from 28 to match the bearded rat. More money for uncle Buck.

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  18. JakeGint

    I’m gonna guess we must’ve had an up-day given the amount of beaten down, toothless fucksticks that have come out to crow over getting 5% “back.”

    Holy shit! Is that Steve over there, looking admiringly at his 401K statement??

    Fucker!

    ___

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