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
23,433 Blog Posts

A Day of Silence

Today you fuckers will learn, once again, never to fuck with the guy in the time machine.

Developing…

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40 comments

  1. Tony

    Longs are fucked!

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  2. j

    Here’s a question that will run me out of the saloon. How many people think we can finish higher today?

    Every single person that I have spoken to or read on websites is basically throwing in the towel today. I also include myself, but for a Costanza trade I may buy the index after a bit of time has elapsed.

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  3. Tony

    Doubtful!

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  4. hammer

    I’m going ice skating with the kid this morning. With any luck I will get my throat slit with a skate blade.

    Fuck this market and the goat it rode in on.

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  5. Shorty

    True Story. Yesterday while taking a pre-market dump, I realized the market was about to take a dump of its own. I followed through and sold all of my long positions and entered SKF. What a blessing this trade will turn out to be when I sell SKF.

    For now though, I stay short until the bulltards come to their senses.

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  6. j

    The only comment I have seen that’s even mildly positive is Juice’s and he only sees the market going up in mid January.

    I’m talking about today.

    As far as I’m concerned this a giant fuck you market of huge proportions. You trade intraday or very very long term.

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  7. Dogwood

    J,

    If you want to play that trade, you might want to wait until 3:59 p.m. to place your order.

    If, as you say, everyone is giving up an throwing in the towel, then capitulation may be at hand, finally. That means the mother of all trend days down and back under the downtrend line from September.

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  8. Dinosaur Trader

    Fuck Devildog.

    -DT

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  9. TraderCaddy

    The Michael Milken (Junk Bond Scandal) and Ivan Boesky was bad and didn’t have much more than a short term effect on Wall Street. However, this Jerkoff scandal may have a bigger effect because we have already been in liquidation mode.

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  10. Dr. Incognito

    How did we not see this coming? Investing with someone called “Made-off” is just asking for trouble.

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  11. Dogwood

    On the brighter side, if all the money is gone, then there isn’t anything left to liquidate.

    Sucks to be them.

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  12. GonzoTrader

    Capitulation??? When all the news is bad and blood runs in the streets the whore beasts will swoop in and buy.

    Just not today!!! I’m wating for the bounce…DOW 5000?

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  13. j

    The impending chap 11 of the car firms is actually a good thing. out of the ashes can rise a mighty car business unencumbered by the union maggot feasting on the dead carcass of shareholder money.

    This wasn’t a car company bailout, it was a bailout of the UAW as someone mentioned on the other thread. Fuck them.

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  14. TraderCaddy

    Harry Reid is a fool. He said something to the effect of I would hate to see Wall Street in the AM if the bill doesn’t pass (said this last night). Well the last time a bailout bill passed (TARP funds) the market fell about 800 points in the PM.

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  15. blow up

    Buy 3x longs. We go up at end of the day. Thats all folks.

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  16. scum bucket

    Harry Reid spends his spare time blowing investment bankers.

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  17. kidstock

    That time machine of yours needs a fixin’…buy ’em all back. The Non-Bailout option is favorable for the bulls.

    Long F

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  18. j

    No trader C

    harry Reid isn’t a fool, he’s c…t. The reason he said that was because he wants to see the market down to put pressure on the GOP to sign the UAW bailout.

    You’re dealing with a piece of shit that understands quite clearly where Dem party funding come from. Harry would love to see the market down 1,000 points as it helps his party. He gives as much shit about what’s best for the US as a pole cat.

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  19. T MOE

    The same thing should have happened to the TARP. How much good has the TARP done? Half of it is gone an the only thing we have is banks that are going to neeed even more money. Of course some will argue that if they had done nothing things would be in depression mode. I say fuckem, bring it on! Wash out all of the liars, cheats and assholes that caused this shit in the first place. Fuckem all. Pualson should be arrested for the biggest heist of the US treasury in history. At the end of the day all of this is a giant shell game just like Madoff. Use tax payer money to help out his cronies, what a crock of shit. I’m with you j. Why should we have to pay the UAW? Fuckem
    I’m am bias though, because !!!! I AM SHORT SHORT SHORT!!!!!!!!!! The same I have been all year!!!!!

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  20. ALLPROz

    J,

    Until Obama enters the House, then Ms, Reid will care more about the market but your spot on…including todays premarket buy for quick buck on the long side…

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  21. Steph

    The goofy thing about the market sorta rallying back on the auto comments is the perception that that’s why the market was down in the first place. The market was down because of Madoff as far as I’m concerned.

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  22. T MOE

    Fuck Harry Reid. The people in Nevada that elect him must people just as fucked in the head as the people of Massachusetts

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  23. Asshat

    Why not just rename this MastersOfTheObvious.com ? Or was that domain name already reserved?

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  24. the Game is Rigged
    the Game is Rigged

    I dont see how SKF SRS SMN TWM dont all trade in the 1000’s sometime next year. Buy as much as you can and learn to raise chickens.

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  25. Juice

    In the spirit of gloom’n doom.

    http://money.cnn.com/galleries/2008/fortune/0812/gallery.market_gurus.fortune/index.html

    Its incomplete without a D-dog interview.

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  26. j

    pro

    Where the fuck is the GOP in all this other than fucking hiding under the table hoping this will all go away..

    the useless pack of morons.

    The moment the c…t Reid said that a GOPer should have got in front of the camera and told it how it was……

    the the Dems were pushing for Union bailout on tax payer funds

    that they (THE GOP) were trying to save the firms and it was the dems fault it wasn’t passed as the Dems were doing a union bailout

    … and also the reason Reid made the comment about the market was to cover his parties tracks for the awful deal he wanted signed and to use it against the GOP that was not supporting the package .

    He should have said that Reid is the most dangerous man in America as he doesn’t have the nations interest at stake.

    That what those useless fuckers should have said.

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  27. CAP

    So much for GGP going under today.

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  28. TraderCaddy

    Daytraders know the drill. Spitzer longs in and out of SMH.
    Plus long KRE (regional bank etf).

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  29. JW

    I think you need a new flux capacitor….

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  30. T MOE

    This is going to be one fun ride today if the volume comes in

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  31. mdawsz

    Hey where’s the armageddon everyone promised?

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  32. ALLPROz

    J,

    Homo Reid more dangerous than most think…

    Meanwhile, notice the trend in the market of late…even with this auto bailout “bad news” dive…it just seems to want (or need) to go higher…doesn’t need to make sense…just listen…oh, and draw a line with your purple crayon…bottoming me thinks…

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  33. Pete

    Bearshitters…lets be honest…this selloff SHOULD have been spectacular…so far…a yawner at best. You have to admit…this market is holding up pretty darn well.

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  34. ALLPROz

    UYM here…Obama will turn this one on next year…

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  35. T MOE

    Volume is starting to erode. Probably in for another tug-o-war day. With a crazy ending

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  36. Private Parts

    This market is trecherous. Now I know why Im a daytrader – to quote DT.

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  37. Youre gay, Im not

    Have we crashed yet? hehe.

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  38. TraderCaddy

    Done trading for the AM. Thanks SMH,KRE.
    And a big FU to the UAW and Auto Management.

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  39. Jakegint

    “you’re gay, I’m not.”

    lol. Winner.

    ________

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