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
23,445 Blog Posts

Apocalypse Go Away!

You’re all a bunch of grotesque looking, fish odor smelling, fat neck having, bottom calling mother flowers.

I hope 99.9% of you long term bottom dwellers morph from pigeon feeding imbeciles into “instant millionaires” tomorrow, during the scheduled “major short covering rally.”

Being that we have like 00.001% on the downside left, with 1,000,000% on the upside to go, “The Fly” sold his boat, car and watch, in order to lever up and get long stuff. All sorts of fucking stuff, because the internet said so.

Who needs years of grueling money management training when there is the magical internet?

UPDATE: Iceland, major carry trade player, is on the verge of national bankruptcy.

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96 comments

  1. Woodshedder

    lmao…

    I am frankly very surprised by all the bullishness out there. Sheesh. Even Ritholz was buying.

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  2. boca

    …grotesque looking, fish odor smelling, fat neck having, bottom calling mother flowers… LMAO.

    and they have stinky feet in their Crocs.

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  3. Itchy and Scratchy
    Itchy and Scratchy

    Didn’t you know? The bottom was put in…again. And this time they mean it.

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  4. hammer

    I got long with DDM when the DOW was -650 today. Almost too easy.

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  5. PharmPhucker

    Fly … T2108. Percentage of stocks below 40 dma. Stamp that mother phucking Worden Market Indicator on your forehead. It’s about to make you look like a sniveling, whinny little pecker who missed the big bounce. T2108 has NEVER been lower … with the exception of the crash of 1987. It stands at a paltry 4.16. Meaning … MASSIVE bounce on the horizon. Mortgage the phucking pharm, sell the pigs, pimp the wife, go all in on SSO, and tell the Fly to shut the phuck up with his negativity.

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  6. JakeGint

    LONG LIVE THE GLORIOUS PEOPLE’S GLORIOUS GLORC OF GLORY!!

    Death to all short sellers! Immediate, quick, but pain-ish death!

    All Hail our Central Banking Overlords! All hail and praise!

    Amen.

    __________

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  7. The Fly

    FUCK YOU, ASSHOLE.

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  8. Anton Cigur

    And to you, Mr. Fly, may ducatti over-chlorinate your pool this week and j drop your “Bloomin’ Onion” on the floor at the Outback Steakhouse.

    Furthermore, I shall have you know that I have NEVER fed a pigeon in my life.

    I say good day, sir.

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  9. Danny

    The beauty is that I can actually afford to be wrong, unlike half the people out there fucking around.

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  10. mrkcbill

    Fly did you ask Steve if he bought some SSO today at VIX 58?

    What did you buy today?…I know the OTB in you couldn’t resist…go ahead tell us what you bought for your kids and aunt and uncle and all!

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  11. JakeGint

    Isn’t your life just about neatsy petesy perfect?

    ‘Least til the rashes start showing up again.

    __

    Good GLORC to you anyway, my wayward son.

    __

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  12. short on AAPL guy.
    short on AAPL guy.

    You remind me of my drill sergeant…
    each valuable lesson came wiht some insults.
    i know its for my own good.

    thanks for teaching me,.

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  13. tp

    Does anyone know the ticker for the double-inverse cramer etf? That is the only thing worth buying, no?

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  14. j

    Fly

    Calm down and stop being rude to your betters. Ok you got the market right and congrats, but you’re only as good as your last trade.

    Anyone see what the idiot Cramer had to say this eve.

    He was telling people to buy friggen financials when the index was 13,000. Now he’s telling people to sell. Man he’s an idiot.

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  15. JakeGint

    Tomorrow’s CNBC header:

    Cramer Killed by Flying GLORC

    Several injured…

    _____

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  16. DEVILDOG

    Fly you’re a great contra indicator. Every time you get totally obnoxious concerning your positions the market goes the other way…odd no? Thanks. Going long tomorrow.

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  17. Danny

    “Good GLORC to you anyway, my wayward son.”

    I wish the same in kind for you Jake.

    A GLORC for us all!

    Here, Here!

    [shot glasses crashing together, spilling the fine Bushmills contained therein]

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  18. The Fly

    Go fuck yourself.

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  19. Fly's Therapist

    I think we need to work through this anger episode with the hand puppets.

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  20. Bill "Slick Willy" Clinton
    Bill "Slick Willy" Clinton

    Ahhh Yes !!!

    GLORC !!!

    “Glorious Ladies Of Rock Climbing” !!!

    SIGH !!!

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  21. Donny

    Jim “FuckFace” Cramer went on the Today Show this morning and told people with an investment expectancy less than 5 years, to sell all their stock. Yes, I can see how some people would start bottom calling here.

    As for me, I’m 95% in cash. My gains are egregious this year, and I’m not going to fuck around with this bullshit stock market, and possible give it back. It can cut your fucking nuts off.

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  22. Walt Williams

    “Fat Neck”

    Shit I aint got “No Neck”

    http://www.baseball-almanac.com/players/player.php?p=williwa02

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  23. Sigur Rós

    Ah! I hope our hard-earned profits from Með suð í eyrum við spilum endalaust are safe in the Icelandic bank!

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  24. Fat Neck

    “lose the ten to twenty-five pounds of UNDIGESTED WASTE that some experts say is stuck to the walls of your colon, like spackle or paste!”

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  25. max2205

    Vix RSI. Set. STO ‘s and MACD will settle this bottom for the next 20% rally. Double long = +40%….. Oh yeah

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  26. Anton Cigur

    30% drop in value for Icelandic currency in one day.

    Yard sale at Bjork’s house!

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  27. j

    Fly:

    How old are you if you mind me asking. You seem as obnoxious as I was when I was younger.

    Devildog:

    Advertise your own positions before/as you put your trades on and let us a look. Fly does and puts himself in a position which could be very mentally frightening for a trader because if he’s wrong people like you would make fun of it.

    i respect that about fly. You’re just jealous.

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  28. The Game is Rigged
    The Game is Rigged

    Fly, do not forget, fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering.

    May the GLORC be with you, always…

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  29. The Fly

    I’m 32.

    Off for a late night drive.

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  30. mrkcbill

    Fly is OJ years old!

    Fly get me a dozen glazed from Dunkin Do’s

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  31. TraderCaddy

    How about those Tamapa Bay Rays?

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  32. The Game is Rigged
    The Game is Rigged

    Only 4.57 in dog years, barely off the teat. Grab me a pound of original blend would ya..

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  33. boca

    Why the EU will never take over the world:

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aJIuehpDZJPI&refer=home

    have a nice drive, Fly.

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  34. StockRake

    Iceland – marking the bottom since 806 B.C.

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  35. j

    For a drive?

    Fly you’re bridge and tunneler. How quaint. Here I was thinking you’re a city slicker.

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  36. Dear Leader (aka TreeBark Provider)
    Dear Leader (aka TreeBark Provider)

    But as soon as Dear Leader is elected he will make it all better daddy. No need to worry, he will take care of you. Come sing along with me:

    http://www.youtube.com/watch?v=7p8tLtiTW-M

    http://www.youtube.com/watch?v=yTp_atr2G9E

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  37. Dear Leader (aka TreeBark Provider)
    Dear Leader (aka TreeBark Provider)

    Just close your eyes and shout change! Everything will be made better tomorrow, just take this little red pill and it will be alright.

    http://www.youtube.com/watch?v=gH-2Fwx5RU0

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  38. j

    Do any of you guys worry about his relationship with Bill Ayers?

    the dick is a socialist idiot and his wife is like Hillary on steroids.

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  39. Aris

    up 3xx, down 8xx, up 3xx, down 4xx.

    lot of movement to catch in either direction, if you’re fast. i, however, am not fast, so i’m just a spectator now.

    is it just me, or does anyone else think that vikram has no fucking idea what he’s doing, and C will be absorbed by another bank within a year?

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  40. The Zombie

    Devil Dog: God (The Fly) is averaging like 60%+ per year since inception. That includes this most brutal, unforgiving year. And you use him as a contrary indicator?

    The Fly is God

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  41. Bug Zappa

    The so-called rally started too soon. We will open up tomorrow but close Tuesday at today’s lows. Bank it, bitch.

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  42. Dear Leader (aka TreeBark Provider)
    Dear Leader (aka TreeBark Provider)

    I have a direct message from first Dear Leader in charge, he does not appreciate being shown up. Dear Leader makes hole in one on every hole first time play golf. Here example of how Dear Leader cherished!

    http://www.youtube.com/watch?v=i2naSzb1psU

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  43. DEVILDOG

    Long MON & Short SMN. Off for a late night drive.

    [IMG]http://i110.photobucket.com/albums/n86/VENOMVIPER34D/709617-R1-008-2A_005.jpg[/IMG]

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  44. DEVILDOG

    http://i110.photobucket.com/albums/n86/VENOMVIPER34D/08LEXUSISF020.jpg

    Which one? I think the Viper tonight.

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  45. BOOMER

    WTF is GLORC?

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  46. Ozark Hillbilly

    I have several scenarios bouncing around in my head as to what may happen in the next few days, but ultimately we are headed lower. I believe much more so, but I will trade as the market dictates day to day and try to make money regardless, although by the time this is over I think we will be worried about a lot more than money.

    Best of luck to all of you, even you obnoxious fuckers.

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  47. JakeGint

    The Viper is Chumpzilla wheels.

    Real Men Drive Beat up Vo’vos.

    __________

    Boomer Read up on the Glorious People’s GLORC! She is coming for us ALL, my brother!

    ______

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  48. JakeGint

    Hint to the wise: Fly only goes out “on drives” at this hour to clear his head and to “think.”

    Which is really more of an osmotic process than a true cognitive one.

    More so tonight as he absorbs the celestial emanations of the coming glorious GLORC.

    FOR THE PEOPLE!!

    ______

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  49. mdawsz

    Chinballs.

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  50. JakeGint

    Ironically, I too, was just out on a late night drive.

    But in quest for sushi, not for the ephemeral cascadings of the glorious GLORC, as I’ve already fully absorbed those.

    Fully.

    I amused myself with a late night re-cast of the Michael Savage show, where said host was ripping into Lehman’s Dick Fuld with a quivering passion only reserved for the head boy at Yeshiva.

    That shit has to be on youtube somewhere… where he talks about “the pain that will be with him the rest of his life.”

    Assuaged, presumably, by the half bill he sequestered during his tenure.

    _____

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  51. DEVILDOG

    Australia cuts rates 1%.

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  52. JakeGint

    A full pt! ?

    I thought it was fitty bips!

    GLORC rises in the EAST! Avert your eyes oh sinners!

    ________

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  53. punyandy

    So at the end of tonight’s Mad Money recap article on Cramer’s infomercial site, it has a little advertisement for Lenny Dykstra’s paid service.

    68-0 my ass.


    P.S. Dykstra Made $57,100 since June 23rd. You could have, too. Lenny’s been hitting them out of the ballpark! He’s gone 68-0 with his deep-in-the-money calls so far this year and the homers just keep on coming. Find out how he’s made over $57K in just over three months despite this volatile market. Don’t miss out on his next money-making wins…take a free trial to Nails on the Numbers now.

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  54. DEVILDOG

    $57K in 3 months. Chump change.

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  55. Ray Ray

    Fly’s probably cruisin’ down the boulevard in a ’04 Chevy Astro mini van listening to “Crank That Soulja Boy” right about now

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  56. JakeGint

    Satanic Pooch — where is your full point Aussie rate cut story?

    Or was that bullshit?

    ______

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  57. punyandy

    Ben Bernanke is going Santa Claus on our asses tonight. Making a round-the-world trip, saying “poof your interest rates are lower.”

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  58. News wire

    The Reserve Bank of Australia (RBA) has cut the cash rate by 100 basis points, to six per cent.

    The move by the central bank was bigger than the 50 basis point fall economists had predicted.

    “At its meeting today, the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October 2008,” the RBA said in a statement.

    It was the first 100 basis point cut to the cash rate since May 6, 1992, when the RBA lowered the cash rate to 6.50 per cent.

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  59. DEVILDOG

    Futures:

    DOW +139
    NASD +19
    S&P +14.40

    Australia up 2.4%

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  60. DPeezy

    Christmas come early, gentlemen!

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  61. JakeGint

    GLORIOUS GLORIOUS GLORC OF THE PEOPLE!

    GLORC’S PEACE TO YOU ALL, MY BRETHREN, and good night!

    ____

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  62. DEVILDOG

    oil up 1.85
    gold up 5.05
    euro up
    pound up
    yen down carry trade on

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  63. Employee8

    Who’s the host of this site, The Fly or The Obnoxious Mick?

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  64. Ben B.

    *sigh* Time to start working on the press release.

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  65. Ozark Hillbilly

    The rallies generated by these rate cuts are getting shorter and shorter in duration. In the end it will hardly matter, but it will make for a nice trade and should serve to keep the masses involved long enough to distribute more stock.

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  66. charlie

    Australia made a rate cut. Let’s see… made almost 10% on an EEV short so far… can’t wait for our open.

    By the way DEVILDOG, your car looks like a giant shiny red shoe from Holland.

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  67. zee http://z-stock.blogspot.com/

    We still have at least one more week of this turmoil if not two.
    The bottom is still not here. Keep shorting anything that moves higher.
    In two weeks or a little less, get ready for the Bull rally in a bear market, of all time.
    zee

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  68. Employee8

    OEW Summation:

    “With todays activity the SPX traded down through the support pivots at 1053, 1041, 1031 and 1018. The next support pivot is SPX 990. For now support is at SPX 1053, 1041 and then 1031, with resistance at 1061 and then 1090. Short term momentum blew out the positive divergences and was extremely oversold at the lows. The near term indicators are the most oversold they have been in the entire bear market. Tomorrow FED chair Bernanke gives a speech at 1:15, the FOMC minutes are released at 2:00, and the Consumer credit report is released at 3:00.
    It was quite disappointing today when the market did not find support in the 1070 area, and then broke through the long term support at SPX 1061. The downtrend from SPX 1313 has now dropped 305 SPX points, the largest downtrend in this bear market to date. The last hour of trading was encouraging, but the SPX failed to close above 1061. This is a key level! This market is extremely oversold on many timeframes, except oddly enough, on the daily charts. Until this market can get back above SPX 1061, we will just have to monitor the lower pivots. Also keep an eye on the XLF financial sector. It led the market lower after the bull market top, and has been holding support during this entire downtrend. If this sector should give way the market will almost certainly follow.”

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  69. boca

    The Aussies cut a full point. Long koala bears and TimTams.

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  70. j

    Yea they cut 1% which I think means we’re in for another round of rate cuts around the globe. These guys wouldn’t have gone a full 100 basis points without having talked around.

    Perhaps we’ll see some more action today or this week from the rest of the world.

    People here in oz are speculating the size of the cut points to a full coordinated cut. Lets see.

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  71. Employee8

    Hold off on the GLORC celebration till Wed or Thurs if we’re lucky.

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  72. norcal

    globally organized rate cuts? GLORC, long live GLORC!

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  73. DPeezy

    In other news, Europe and the futures along with it just took a major dump. Hold celebrations? Or is the ECB rate cut in the works as well?

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  74. Poof!

    Fly is the new Cramer. Goes short when should go long. Huge rally coming up.

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  75. Juice

    Communism spreads its wings to the Atlantic: Mother Russia saves Iceland.

    Iceland Says It Received EU4 Billion Loan From Russia

    http://www.bloomberg.com/apps/news?pid=20601087&sid=asaNdhoYyykQ&refer=home

    ============================

    Cramer is still a scared-bear chicken, which puts me firmly in the bullish, for a trade camp.
    ————————————–

    Cramer’s ‘Mad Money’ Recap: Playing It Safe the Next Five Years.

    10/6/2008 7:50 PM EDT

    Cramer told viewers of his “Mad Money” TV show Monday that it might be time to take some money out of stocks and put it into plain old saving accounts.

    ================
    Jim Cramer
    Indicators
    10/6/2008 9:35 PM EDT
    All the usual indicators–VIX, oversold, bull-bear, are flashing BUY BUY BUY. But they have done it so many other times before in this horrid market that it is, as usual, i think, good to sell into the strength in order to get ready to see those levels we saw intraday. I have only seen the market broken one other time, in 1987, and anyne who remembers the October air of that day felt it today when they were outside downtown…

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  76. ProTrader

    It is funny how the comments on this site reflects the market. I have never seen as many -Fly commnts. The other problem I have is everything is pointing to oversold. I mean everything. If you trade this bullshit to the upside.
    Mother market will whipshaw your trade and stop you out. If it is a sure thing [do you think you will win in the shock market]?

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  77. j

    I have only seen the market broken one other time, in 1987, and anyne who remembers the October air of that day felt it today when they were outside downtown…

    That’s just bullshit. 87 was a panic. yesterday was fear but it wasn’t a panic. In any event for yesterday to look like 87 we would need to Uncle George (soros) to make the lows like he did in 87. Uncle George hit the lows that day.

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  78. Juice

    http://www.businessandmedia.org/articles/2008/20081006150152.aspx

    Knock Out: CNBC Confirms Lehman CEO Punched at Gym

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  79. j

    You know shit aside, that’s a pretty shitty thing to happen to Fuld and I hope the guy fries for that.

    Dick my be a Dick but his miscalculation shouldn’t mean he’s assaulted by violent idiot.

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  80. Juice

    J: As I’ve said before in this comments section; a friend of mine owns a retail sports store in Greenwich, CT where Fuld lives. Fuld was in his shop buying x-mas presents at the end of last year. He told my friend that blood was gonna spill on Wall St in 2008 and my friends wife, a trader should be careful.

    Fuld knew. He’s a lying snake.

    ———-
    More bloopers:

    http://rfkjrforpresident.com/2008/10/05/say-what-matt-lauer-to-rfk-jr-hows-your-dad/

    Matt Lauer to RFK Jr: “How’s Your Dad?”

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  81. j

    juice
    It hardly means he thought his firm was going under.

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  82. Bill aka NO DooDahs!

    Woodshedder: Even Ritholz was buying.

    Christ! I hope that ignorant fucker isn’t three or four years early on the bottom, just like he was on calling the CRASH!

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  83. The Contractor

    No GLORC for you!

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  84. TraderCaddy

    I just won a free order of Med. Fries at McDonalds Monopoly game when I picked up a coffee. I am done for the day as I am already a winner.

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  85. JakeGint

    Looks like the hoped for GLORC is (at least thus far) turning into more of a SNARC.

    “Singular NATO Ally Rate Cut”

    Can’t believe the Euro-homies are hanging the Bruces out to dry like this.

    Too busy guaranteeing all their banks’ deposits, I guess?

    Speaking of that, has everyone made their proper farewells to the Euro?

    _______

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  86. The Contractor

    Their all too drunk at this point to get anything meaningful accomplished. This is what happens when you pin your hopes on Euro Trash.

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  87. The Contractor

    Their [sic]

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  88. JakeGint

    Royal Bank o’ SCOT-lan’ inna trubble??

    By Steve Gelsi, MarketWatch.com

    RBS says it hasn’t asked government for capital 10/7/2008 7:56:31 AM

    By Simon Kennedy, MarketWatch.com

    Industries: Banks

    LONDON (MarketWatch) — Royal Bank of Scotland said Tuesday that it did not make a request to the government for capital. The statement came after reports RBS, Barclays and Lloyds TSB wanted the government to act quickly to shore up the U.K. banking sector. RBS shares were down around 22% in afternoon trading, having lost around 40% earlier in the session.

    ___________

    Jaketrade of two weeks back may come back — buy the RBS preferreds under $8 and wait for the pop. Common under $2, but still billyuns in equity market cap.

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  89. JakeGint

    All hail the glorious People’s SNARC!!

    _____

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  90. Ben Bernanke

    Fuck the bears

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  91. TraderCaddy

    The futures are jumpier than Jake at a George Soros Open Society meeting.
    Not to worry.
    It’s Turnaround Tues. But, beware it’s wacky Wed. tomorrow.

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  92. j

    Wow RBC.

    Europe looks like it’s in a bigger mess.

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  93. Pouf!

    Pouf! Ibankcoin sold for $0.49 a share to a Jim Cramer co.

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  94. FuckBailouts

    Dick Fuld should have the fuckin’ snot beaten out of him, have every fuckin’ penny taken out of all his bank accounts, have every one of his fuckin’ homes taken away, and be forced to panhandle on the street for dimes so he can buy a DOG FOOD DIET for the rest of his miserable, lying, cheating, overpaid life.

    And the above should hold true for every big bank officer and crooked broker and hedge fund manager. We need a fuckin’ Mao Style PURGE!

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