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
23,471 Blog Posts

Asia Homo Hammered to Death

Asian Homo Hammer Wire.

Asian Homo Hammer Music:

[youtube:http://www.youtube.com/watch?v=A736kDkIikQ&feature=channel_page 450 300]

Feel free to dance, as if you just won the super bowl, near your computer, while watching the “Asian Homo Hammer Wire.”

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53 comments

  1. The Zombie

    The Fly is God.

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  2. StockRake

    Hammer not hitting hard enough for my liking. Long EEV.

    Sir, may Asia have another?

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  3. The Fly

    gop going gangster, taking a hardline position against the O.

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  4. omfgitsjd

    We are going to breakdance our way out of this mess sooner or later.

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  5. The Fly

    HEADSPINS!!!!

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  6. Aris

    if the stimulus stalls, i’m going to make the internet jerk prediction that SRS finds its legs and makes another run at $250, while the s&p buys a token for the fucking 5 to flatbush.

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  7. The Fly

    4 TRAIN TO EAST NY.

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  8. Aris

    i just tried to do the windmill in my living room, and now i’m bleeding.

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  9. Ferrari321

    You still long FXI btw?

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  10. The Chart Addict

    Europe is getting the hammer.

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  11. Erie

    IBC is getting the hammer.

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  12. Ass Napkin Mike

    Running man…….

    switchin it to the

    Roger rabbit……

    Oh, yeah!!!!! (white mans overbite)

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  13. IRS Agent

    Only people who pay taxes are suckers and those that get caught. Ask Obama’s nominees. No joke.

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  14. The Chart Addict

    futes getting the homo hammer

    Dow 7,823.00 -132.00 -1.66%
    S&P 500 808.10 -14.40 -1.75%
    NASDAQ 100 1,157.25 -22.00 -1.87%

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  15. j

    Can I humbly suggest something here.

    Don’t look at Europe and Asia as a guide to the US markets. Not suggesting the US isn’t go to down the gurgler too , but Asia and Europe are falling for different reasons.

    Europe is fucked because the slowdown has caused serious tensions in the Euro block where the single currency situation is aggravating the enormous problems they have. The ECB is also structured in a way that ought to mean there is labor market flexibility when in fact the opposite is true.

    The ECB’s primary reason for its existence as described in its charter is to act against inflation both present and future and is therefore unable to be as loose as the US fed. The PIGS – Portugal, Italy Greece and Spain require much easier monetary policy than they are seeing and severe currency depreciation.

    the end result will be a quasi break up of the EU and depression.

    Asia was totally reliant on the US for its growth engine and that basically gone out the window. They will sooner rather than later start reflating, however surprisingly China is still holding back and the Japanese don’t even know the time of day and the dangers they are facing. So if the US goes down it will be going down for other reasons but not because those two regions are.

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  16. Juice

    Chinese (homo)hammer of unemployment, death. 😮

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  17. Jed

    The Zombie plays the skin flute.

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  18. Atlas NFL

    Worth a watch

    http://www.youtube.com/watch?v=NHH-6ZQktRQ

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  19. Atlas Vicious

    From James Conrad’s most recent article on Seeking Alpha. I wonder if the 8000=must recognize losses is true:

    People are liquidating holdings in mutual funds, and redeeming against hedge funds at a fantastic rate. This has created heavy downward pressure on stock prices. If the DOW falls below 8,000 for any significant amount of time, most big American insurance companies will be forced to recognize huge losses on their portfolios, and will become insolvent. Insolvent insurers, like insolvent banks, must be closed by their regulators as a matter of law. Obviously, mass insurer bankruptcies would be yet another major destabilizing slap in the face to an increasingly unstable economy.

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  20. Stat Man

    Since the inception of the S&P 500 futures, there have only been five other times when the index dropped -2% on consecutive days, then gapped down at least -1% the following morning. Those dates were 10/19/87, 09/21/01, 07/24/02, 10/08/08 and 10/10/08. All of them were at or within a day of panic-driven inflection points.

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  21. TraderCaddy

    Pondering my XLF bought Fri. @9.18.
    Hmmmmm?
    No clue when to dump today.
    Guess I’ll keep an eye on the usual JPM,BAC,etc.

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  22. DEVILDOG

    I see dead bulls, cows, sheeples and goldbugs.

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  23. T MOE

    Last Feb was not a good month for the S&P. Bear was saying they were fine and did not need any more capital. Ha HA

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  24. Private Parts

    Yeah, are we all a bit too bearish? short term tradable bottom aproacheth ?

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  25. Anyone seen Donnymeister of FAS fame?

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  26. TheArtist

    DRYS is just in the shitter and cannot get up? down everyday, it has gone straight from 17.00ish straight down daily now to 5.05 as of now….

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  27. gappingandyapping
    gappingandyapping

    Anyone buy PFE when I recommended it on Friday?

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  28. TheArtist

    anyone shorting GS again here at the 78.00-79.00 levels for another down leg?

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  29. charlie

    Elevator DOWN

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  30. TheArtist

    When AMAT guides down and it’s up as well as SMH then it’s a positive sign for them for the day and maybe NASDAQ.
    Chips for daytrading fools like me.
    MU,PMCS, etc.

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  31. TraderCaddy

    ^^^ Sorry Artist. That was me.

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  32. TraderCaddy

    … and homies look good early. ITB etf.

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  33. CAP

    DONNYmeister of FAS fame is trapped in the funnel with his ass above his head. I feel bad for the fucker. He was in FAS in the $9s and he refused to sell in the $12s ‘cos he thought it was going to $15. Sheer asshattery.

    Watch GE die. This market is going lower. A lot lower. We are not going to hold these levels. At a minimum, we test Nov. lows. That or even a move to 6000 Dow 600 S&P.

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  34. charlie

    No shit CAP, the real question is does that happen before or after the Obama stimulus passes the Senate?

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  35. T MOE

    Artist-
    I have been shorting GS for over a year now. Covered a little at the begining of last week then got short again at 85.
    I am waiting for the bitch to go to 60 then 40. Of course some bullshit fake news or a bullshit bailout may make me cover. But for right now I am holding tight

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  36. T MOE

    Artist

    I have been shorting GS for over a year, covering here and there then jumping back in short. I have banked some serious coin. I think she goes to 60 then 40 barring any fake news and bullshit bailout. It may be a bumpy ride though. You have to be quick and nimble

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  37. T MOE

    Sorry about the duplicate post

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  38. T MOE

    a little push up. Some shorts started to cover at 819 on S&P and 7900 on the dow

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  39. go2mars

    DUG getting ready to boom upward.

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  40. Henry Fool

    add to positions

    EGO @ 7.70
    SQNM @ 20.90
    LOPE @ 17.25

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  41. TraderCaddy

    Done with ITB,SMH. Thanks for the memories and the gains.
    Waiting to do something with XLF.

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  42. TheArtist

    GE hit another 52 week low today.

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  43. Henry Fool

    SWHC still on imminent breakout alert.

    How long can a stock remain on imminent breakout alert and still remain imminent you ask?

    Answer: Not long

    Action required: Go buy some SWHC

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  44. Magic Johnson

    buy SGR dickheads

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  45. TheArtist

    Henry, if Rock River Arms and Bushmaster were public companies, they’d be the ones to get. They would be up 300% already this year……

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  46. jingle

    DXO going all FXP on me… not following USO or UCO.

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  47. my kids favorite toy
    my kids favorite toy

    F$#K MATTEL really got the axe this morning

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  48. The Frog

    How long till SPG and KIM and other Com RE companies can’t pay their dividends? That has got to be the only thing keeping them from going to penny stock level. When SPG cuts theirs SRS will double in value in one day…wait for it!

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  49. T MOE

    Next big bank to go???
    Regions??

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  50. TraderCaddy

    I believe Regions downfall goes back to when they bought out out AMSOUTH several years ago that had a bunch of subprime loans.

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  51. Atlas Vicious

    I see a dog with Turrets-like symptoms.

    I see pnra shorts working nicely.

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  52. dave

    My cousin has been an auditor at Regions for 20 years. I spoke to her this weekend. She said everything was going well except for the stock price. I think she must be clueless about the situation. They have huge commercial real estate exposure, especially in Florida.

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  53. JakeGint

    I see a dog with Turrets-like symptoms.

    “Tourette’s,” but the joke is well appreciated.

    _________

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