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
23,468 Blog Posts

Stocks are for Asshats

It’s not just U.S. stocks that blow goat balls. Stocks suck on a global scale. There is no respite, when in the “funnel of fun death.”

Currently, I am just waiting for shoes to drop, while our moronic secretary of treasury, Geithner, twiddles with his thumbs while the country burns. As sure as I am sitting here, at some point this year, the S&P 500 will print 500. Nonetheless, I still believe in the notion that it is possible to enjoy a counter trend rally, prior to the markets death sentence is executed.

Not to get all political and shit, but Obama is out of control with his fucking plans. Seriously, dude, he is out of control and must be stopped. You cannot raise taxes and increase spending at the same time. More importantly, you cannot raise taxes on cap gains and dividends, while the market is crashing.

Asshats!

As an aside, storage related reits are toast, specifically EXR, SSS, YSI and even PSA. You may want to lean on those fuckers, whenever the opportunity presents itself.

Nevertheless, I am still waiting for a rally. Perhaps I will sit here, in my non-bullshit chair, for a long, long time.

UPDATE: Kudos to Cramer for calling Erin Burnett out for minimizing the recent decline. It’s about time someone set these morons straight.

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58 comments

  1. SteveThe Neighbor
    SteveThe Neighbor

    Is this your way of asking me to come over and help you scrape the Obama bumper stickers off your car?
    Also Fly, Jr. is still here and wants to know when he can come home. He has tossed his cherry bombs into the garbage.

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  2. Aris

    it’s a sad day when there isn’t even any money to be made in FAZ.

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  3. Henry Fool

    Fly:

    Did you scold me for mentioning BTIM?

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  4. Today’s storage units are tomorrow’s studio apartments..C’mon on Fly…”Yeah, me and the wife live over at Public Storage Estates”

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  5. JakeGint

    Oh, snap:

    Is this your way of asking me to come over and help you scrape the Obama bumper stickers off your car?

    Zappa, zappa…

    Zing!!

    ___________

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  6. Henry Fool

    BUY TNA!

    T
    N
    A

    T
    N
    A

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  7. Cash-N-Guns

    Roubini effect now muted…next we need Meredith Whitney to be neutral..and CNBC to be cancelled.

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  8. (,)(,)

    ( | )

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  9. Jed

    mrkcbill gives shamwow towels as wedding gifts.

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  10. Buy PCR – Stocks are for asshats – Is there a disconnect here???? Just asking.

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  11. Baron Wrathchild
    Baron Wrathchild

    By killing Reaganomics, Obama is taking us back to the 70’s. Good times!

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  12. Shitface

    For those who think TNA can’t go to $0.00. It can.

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  13. charlie

    PCR is a better buy than TNA

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  14. Cheesefries

    So this isn’t the “hope” and “change” you liberals voted for?
    Wait until you have another emergency surgical issue post another DPZ dinner and your told at the hospital:
    “get in line shithead, we may get you in by 5pm if not we may have a time slot a month from now”

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  15. The Contractor

    Next to investing in America’s financial entities regretting your choice for president must be the ultimate feeling of buyer’s remorse.

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  16. Henry Fool

    I’ll take the TNA to zero bet

    NEVER HAPPEN

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  17. Cash-N-Guns

    black is the new mexican…Obama is the version of the great white hope…it ends badly…

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  18. GM is BM

    The president is very fucking busy. Stop bothering him. He is buying a dog this week.

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  19. SatanicChihuahua
    SatanicChihuahua

    The guy was ranked the most liberal senator in the senate. Biden was the 3rd most liberal. Both of which are ranked more liberal than the avowed socialist, Sanders of Vermont, who is ranked 4th most liberal.

    Anybody who voted for him and didn’t expect extreme far left policies, what Krauthammer calls the Obamaist Manifesto, is an idiot.

    GDP contracted over 6% in 4Q and it will probably contract between 6%-8% this quarter. Yet he wants to increase government spending by over 8%.

    Money for tatoo removal. Millions for studying how to manage pig shit and pig shit odors. Millions for studying the genetic makeup of grapes. A couple of million for a fucking honeybee lab.

    The country is on fire and they want to spend money to better understand why pig shit smells. It would be funny if it weren’t so fucking pathetic.

    Why is any of this garbage the responsibility of taxpayers to fund?

    Let the fucking tea parties begin.

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  20. TX Slave Trader
    TX Slave Trader

    Who the fuck has the luxury of worrying about capital gains taxes? Quit being such a god damn whiney bitch about paying your taxes………

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  21. Hugo Chavez is urging Obmama on – Go Obama Go!

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  22. Scully

    As she sat with some fuckwit pumping retail, Erin Burnett just bubbled effusively ‘at how Nordstrom has rallied since November’.

    How STUPID does she think the people are? JWN is negative since 12/5/08! The rally came after a monster cliff dive an was done in 11 days as shorts like me covered.

    More crap for Jon Stewart’s editors.

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  23. huh?

    You cannot raise taxes and increase spending at the same time.
    ———————–
    what!!!??? thats exactly what you CAN do. But you can not lower taxes and increase spending at the same time – which is what our prev admin was doing.

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  24. SlutCobbler

    What’s the deal with PCR? Doesn’t look like it broke out of the downtrend channel yet.

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  25. gappingandyapping
    gappingandyapping

    My bullshit neighbor just told me he will never own a stock again and said he was going into gold metals. Now I hate this fucker and he is a total retard IQ wise but being that he is an Obama worshiper I figured he may soon get discouraged with the messiah’s ways. This homo even has an Obama background on his bullshit laptop. Homofied at best.

    I think turnaround Tuesday may see a pop if we hold 6500.

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  26. SteveThe Neighbor
    SteveThe Neighbor

    Learn to love your neighbor.
    Right Fly?

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  27. TraderCaddy

    gapping- Which background?
    The one with the hammer and sickle or the one that looks like the Hezbollah flag?

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  28. cheesefries

    Jim Cramer just made sense for the first time on record.
    Erin Burnett is the biggest left wing Obama shill on CNBC, why was she on Bill Maher?? Is GWB still a “monkey”??

    CNBC is GARBAGE

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  29. charlie

    Buffett: My net worth has ‘fallen off a cliff’
    Investor tells CNBC unemployment level could climb a lot higher

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  30. Juancho

    Um, they’re not raising taxes. The Bush tax cut is just expiring at that marginal rate for the top extreme percentiles. Get a grip.

    If we’re not going to spend any money as a government, how the hell is business ever going to get going?

    Everything in moderation, people. Think about it.

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  31. Gasbag

    Erin Burnett is a GE sugarbritches for PONZI/CDO/CDS Wall Street first. BO is a distant second and only as directed by #1 . She does a daily dick sucking routine and if you’re a complete idiot or get off getting your dick sucked through the TV, then she’s the girl for you! For everyone else, she’s not for you – and if she’s enthusiastic, bet against it!

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  32. Bravo

    What exactly did Erin Burnett say/do?

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  33. SatanicChihuahua
    SatanicChihuahua

    Cramer is a liberal but he understands fucked up policy when he sees it. He’s been calling Obama out for several weeks now. At least since Geithner stepped on his dick with his non-plan banking plan.

    I respect Cramer for putting politics aside and not being an ideologue standing against these retarded destructive policies being put forth.

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  34. Henry Fool

    This is mashogana!

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  35. Jed

    mrkcbill has a picture of Obama as his wallpaper on his PC, Nancy Pelosi as a screensaver, and Barney Frank’s wiener as his mouse pointer.

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  36. gappingandyapping
    gappingandyapping

    TC – They are all gay, one of those with the red rainbows on it.

    In more rational news, we are fucked like a Tijuana donkey.

    Lobama is going to drop the homohammer of death on us “investors” soon.

    Keep an eye on DXO though, people are starting to get irrational over in the other parts of the world.

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  37. Swinger

    Juancho: you have absolutely no idea what the hell you’re talking about.

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  38. Low IQ Investor
    Low IQ Investor

    Octomama’s for Obama’s!

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  39. who

    FXI and RSX look like they are about to do something.

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  40. so i herd you liek mudkips
    so i herd you liek mudkips

    RALLY TIEM NAO?

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  41. FrankenFudgePack
    FrankenFudgePack

    mrkcbill has a picture of Obama as his wallpaper on his PC, Nancy Pelosi as a screensaver, and Barney Frank’s wiener as his mouse pointer.

    How can he tell where his mouse pointer is at?

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  42. Pretty pathatic that I have to get “real” news Like the FDIC sending out a report it could possibly run out of funds by the end of the year from Yahoo…CNBC get a real news desk!

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  43. Contrary Indicator
    Contrary Indicator

    Loading up on CX into the close.

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  44. JakeGint

    Um, they’re not raising taxes. The Bush tax cut is just expiring at that marginal rate for the top extreme percentiles. Get a grip.

    Wow, a rare daily double for innumeracy and illiteracy!

    EJECT– boiiiinnnnngggg!!

    _______

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  45. goon

    I got some late day Tits N Ass! (TNA)

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  46. TheArtist

    Someone post the link to the Cramer/Erin thing. I missed it and want to watch it.

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  47. gm is bm

    Yea cx looks good. Lo p/s, lo p/e and infrastructure.

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  48. Market Fool

    Indications of incredibly strong residential real estate activity in the San Diego area(including higher price ranges) in the last month.

    Is this a bottom?

    I’ll let you know in 18 months fuckface(s).

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  49. gappingandyapping
    gappingandyapping

    Can we close the markets for the next 4 years?

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  50. GenerationOilBottom
    GenerationOilBottom

    Baron Wrathchild Says:

    By killing Reaganomics, Obama is taking us back to the 70’s. Good times!

    **********************************************
    The Carter years were a fuckin’ hell of a lot better than the Reagan years, with Reagan’s 10.5% unemployment, 18% interest rates, trading arms for hostages, doubling military spending AND the Federal Debt AND Social Security taxes on the little guy. While busting unions.

    FUCK DEADBEAT DUTCH REAGAN and his corporatism.

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  51. Fly Leech

    Yes, we’ll “obamanize” it.

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  52. JakeGint

    ^^^^

    Why’ntcha go get yer “malaise sweater” then, hippy?

    ____________

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  53. so i herd you liek mudkips
    so i herd you liek mudkips

    that was a lame-ass RALLY TIEM.

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  54. DEVILDOG – Can you please post something. We are looking for a rally this week.

    Thanks in advance!

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  55. Cash-N-Guns

    someone smack bob pisson-me with michele cabreras carcas…

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  56. JakeGint

    Just in case you were worried about poor Bernie Madoff going “stir-crazy” all cooped up in his apahtment… don’t.

    I think Sing-Sing is smaller.

    _______

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  57. bravo

    here’s the link of Cramer/Burnett….

    Man, what a smarmy little shit she is….

    http://www.cnbc.com/id/15840232?video=1057151281&play=1

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