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

America Has Been Saved…

…despite your bullshit youtube videos and incessant phone calls and intrusive faxes to local lawmakers.

Again, assholes, the government could care less what you and your idiot friends think.

On this bailout, I have decided to do nothing, until 3:30. At the present, I have boatloads of cash and nowhere to put it.

UPDATE: I changed my mind. I am buying blocks of [[SRS]] , [[SKF]] and [[FXP]] right here, right now.

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44 comments

  1. a retard

    saved until the credit becomes too high yet again, and it comes crashing down even harder

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  2. Fat Cat

    Ahh . .. Feels great to be a fat cat. Just make sure my fuckin’ pizza is here on time and is hot as hell. I may tip you with some bailout bling.

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  3. billybull

    Fly stop flipflopping aren’t you 100% long. LOL

    Just kidding. !!! HAHAHAHA

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  4. Awake

    Still looking at SRS here Fly? I sold out of mine yesterday to avoid being de-balled by a massive relief rally.

    Long or short here, I can’t get any visibility either way. Fire up your time machine for us.

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  5. l

    As long as they waited as long as they did, they could have waited 2 weeks. They’re trying to probe the bullet in the brain of the US economy. Lincoln died not because of the bullet, but the probe.
    Fucking economy has internal bleeding from within, and broken bones, and we’re rushing to move the body… not a good idea.

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  6. gappingandyapping
    gappingandyapping

    We are going to end down 500 points today, prepare.

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  7. l

    SRS is awesome long term
    SKF is awesome long term
    Shit is coming down anyways, credit is still frozen, fed is going to try to cut. Government taking over, bond holders of company say fuck it we’re taking your bullshit stockholders wealth.

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  8. Dinosaur Trader

    I’m with you Fly. The “sell the news” push is happening now, hoping for some stabilization and then a late day rip.

    -DT

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  9. The Fly

    I changed my mind.

    I am buying SKF, SRS and FXP here.

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  10. Reality

    congrats Americans, you’re the new owners of several thousand 900 sq ft Las Vegas condos valued @ 300k

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  11. kidstock

    Kass is buying…Fly is selling — stay tuned for the outcome.

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  12. CubsRock

    SPX 1060-1090 Let’s do this. Short Naz Futures from 1555.

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  13. charlie

    Down she goes!

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  14. Reality

    I made a small profit – a piker type profit in both DIG and DUG today. Time to start talking about the government getting out of the system as soon as possible.

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  15. Joe's Chevy Dealership In Modesto
    Joe's Chevy Dealership In Modesto

    I just got my pay roll loan!

    Thank you America! Now Hiring! Now Loading up on SUV’s

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  16. CAP

    Going Long here. This is a head fake.

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  17. Ol' Jack Burton

    Buy the banks. The rest is crap.

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  18. genghis_khan

    Fly- looks like CLNE is back to square one. Load up or become a goat herder?

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  19. Ozark Hillbilly

    I’m a bear, but these charts I’m seeing are downright scary. Lookout below!

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  20. Ol' Jack Burton

    Actually, banks are crap too. But they are protected crap.

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  21. Third Stage Guild Navigator
    Third Stage Guild Navigator

    I just folded space from the future

    The market is still fucked.

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  22. Yogi & Boo Boo

    Fly, Thanks for the SRS.

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  23. recusancy

    What’s the odds of a rate cut today or Monday? Fly you’ve been exactly wrong at predicting government moves so what do you think? haha

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  24. recusancy

    W should come out and say he won’t sign the bill just to give a final fuck you to the country. haha

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  25. TraderCaddy

    The replay of The Panic of ’07 (1907) is still on. It will now only take us longer to emerge.

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  26. nik

    FLY buy EUR now

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  27. Scully

    My 8 year old reads better than W*…that effort was pathetic.

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  28. charlie

    “W should come out and say he won’t sign the bill just to give a final fuck you to the country. haha”

    hahahaha

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  29. The Fly

    True.

    “The Fly” is constantly perplexed by government actions.

    I say they do a rate cut.

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  30. CAP

    Government should unfreeze the credit market by forcing banks to lend at gunpoint. Start lending now or we’ll send you to the gulag.
    ‘Here is a guy with a 560 FICO, no job and no income. Approve him for a $500k home loan and a $100k unsecured credit line or we’ll arrest you and send you to Gitmo. ‘

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  31. Flux Capacitor

    Fucking bastards. Hey GOP – guess who AIN’T VOTIN’ in November!

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  32. Reality

    Senor Fly, the Chicoms will believe that this is good and rally their market, no? FXI over FXP?

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  33. Viva Las Vegas

    SRS= dick with a 4 hour erection….stay strong

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  34. Bill "Slick Willy" Clinton
    Bill "Slick Willy" Clinton

    I’m LONG Jamaican Rum and Wooden Arrows here !!!

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  35. charlie

    Poof. Your bullshit bailout rally is gone.

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  36. The Zombie

    What a call, The Fly, on SRS. Aces!

    The Fly is God.

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  37. Fly, if you think they do a rate cut…how can you be short over the weekend?

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  38. Joey Donut

    Nice call Fly.

    SRS Long and Strong. I added to my position.

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  39. Joey Donut

    Sell your SRS now……

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  40. Ed

    Fly,
    ur wrong on this one, just as you were wrong on ethanol ;)We’ll be testing 11k on the DOW by Tuesday.VIX is too high for this to be sustained.
    Ed

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  41. surfdude

    I covered everything at the close. I smell a Emergency FED rate cut syncronised with the rest of the CB asshats. Sunday night – then the PPT pumps the futures with trillions of freshly printed virtual dollars, hold on to your balls fellows… These fucks are not going down without a fight.

    Once the mother of all short squeeze ends, then load up. You guys are nuts holding into the weekend IMHO.

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  42. j

    There was rumors about a co-ordinated rate cut. Won’t happen if we believe Trichet, the frog head of the ECB. They’re still focused on whipping inflation…. whipping inflation while their banks are toasting.

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  43. Woodshedder

    No, the PPT will let us crash, and then they will use their final bullet: rate cuts.

    They know they can’t shoot their final bullet before panic truly sets in. They have to save something for after the 20% swan dive.

    It is fucking perfect that this market is going to crash, and make every single politician that voted for the bailout a cuckold.

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  44. Ed

    i feel hank&bens reputation is at stake since theyve put so much stress on how imp this bailout package is

    expect:
    1. first purchase of bad assets by early next week
    2. issue of fresh capital by same financial institution
    3. rate cut

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