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
23,443 Blog Posts

RED ALERT THAT IS NOT RED: BANK REVERSAL!

Banks are selling off here, led by NTRS, JPM, CMA, MS, BK and CFR.

I am feeling mighty fine (southern accent) about my FAZ positions, right about now.

As for my tech holdings:

I sold out of NiHD for a 2k 5k (who’s counting?) win and SPiL for a 10% victory. I am long TLAB, CIEN, EZCH, ISIL, TLT and ERX.

NOTE: The Senate just passed a bill that requires the Fed to reveal who they are lending money to. Holy Shit that is bad news for banks!

If you enjoy the content at iBankCoin, please follow us on Twitter

86 comments

  1. Anthony Brown

    Uh oh! Here comes the bonus hunters!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. TraderJoe

    Is the disillusion setting in so quickly?
    Looks like it could be starting…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Some Dude

    I knew there was a reason for obsessively checking this blog whenever I get bored with my online duties. Long FAZ. Bout time. I intrinsically enjoy being long FAZ.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Cash-N-Guns

    FASB– Mark to See how Fucked we are….! A full monty bank reversal off this much hyped fuck wing news would be too comical,..would mean Cramer basically would have to jam a screwdriver through his ear live on TV.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. alphadawgg

    The VIX has been rising all day. Maybe now I can look to buy a dip, or go short with SKF / FAZ.

    It sucks being in cash while everyone else is partaaying.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. The Fly

    Overall PPT of 3 calling a top again?

    Stay tuned.

    I swear on a stack of unholy bibles, the overall PPT score has marked every recent top to the day.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. alphadawgg

    Yay! Finally, this overzealousness might come to an end.

    Back to the depression…..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. T MOE

    T MOE shorts COF

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. JakeGint

    Not to be a dick, but I’m buying more FAS here.

    2k @ 6.33

    2k @ 6.37

    __________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. junktrader33

    Is it me, or is fly even more prolific than usual with his postings today? You do have to like FAZ in here. Feels like the banks are starting to lose momentum.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. T MOE

    Translation of Obama. The New World Order is taking form

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. toptick114

    Those $ 700 “T” OTC “D’s” are a biatch,,,eh??,,,,LOL

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. blah

    as i said, SP will hit 840 today and it did. Next target – 875 (agreed with DD), watch big volume today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. blah

    asia and europe both closed at day highs accelerating into the close, makes me worry that SP will actually go even higher today passing its prev high of 845

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. JakeGint

    Pardon the interruption:

    Is anyone actually looking at a chart of FAZ, or are y’all just feelin’ this thing?

    __________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Cash-N-Guns

    the mkt will give Obama and the G-20 tards a bollo punch to the nuts late today…How many gazillion jobs will we lose in the next report…oh and Chrysler go fuck yourself, your dead.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. T MOE

    I am watching the chart of FAZ and looks like it is consolidating the last 30 mins for a breakout

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Jed

    Sorry Jake…but you sound like Whoopie Goldberg with that accent.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Some Dude

    Is there a link to this red hot news? Would like to read it. Not that I doubt it. I’m already in the green on this beast called FAZ. W00P THERE IT IS.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Unemployment no. tomorrow can move the market as recent history has shown. When will the Fly hit 100% gain? 60% last year plus 25%+ this year – maybe another 60 days to reach 100%? Mayor Bloomberg will be pleased.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. TraderCaddy

    Obama doesn’t look so good.
    Perhaps he ate some bad kidney pie and bangers.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. skvm bvkkit

    Fly is losing it, out of his gourd as it were.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Pete

    Fly you are way too bearish. drink the kool-aid and go with the ride. Stop fighting the trend.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. TheArtist

    who the fuck is buying WYNN? they have jacked that lipstick painted pig bitch up 20% already today? WTF,

    I guess the guys that made 100% profit in the march madness rally are already hitting the craps tables?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Cash-N-Guns

    fuck Obama and his stupid grinch bitch skank street Ho wife…fucking dog ass ugly bitch..no tits, fat ass, big gut, face like the Grinch…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. WardandJuneCleaver
    WardandJuneCleaver

    Cash- With langauge like that we won’t be able to let the Beaver read this blog anymore.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. XLF made the high on the gap up this morning and has been slowly fading all day. AU is down big – John Paulson bought at $32 so it could reach that no. tomorrow.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Sigmund Freud

    cash-n-guns…your words leave me to believe just the opposite is true. You are apparently very much attracted to both Michelle Obama and Michelle Caruso Cabrerra. And you hate yourself because of this. That is understandable.

    Sigmund

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. TraderCaddy

    S. African golds HMY,GFI are also down big today.
    Must have something to do with the Rand?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. TheArtist

    wow Obama really has a hard time formulating words to answer questions when the words are not on a telepromter?

    geezzzzzz….. he needs to really work on talking without the tele, he needs to just let it out, fuck he knows what is going on “just say it man”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Cash-N-Guns

    Sigmund— your swell…now go fuck yourself twice dicklover.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. jig

    ES forming a megaphone (broadening) top..usually points to sign of reversal (new downtrend)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. JakeGint

    ….face like the Grinch…

    You’re a mean one, Mrs. Grinch!

    Okay, that was lol funny.

    But get help w. the minority women hatred thing.

    ___________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. Sigmund Freud

    cash-n-guns,

    And for ze record, your moniker tells me zat you are trying to compensate for having a very small penis. Zis is true…no?

    Sigmund

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. blah

    all the talk at the podium and the market did not go down – will it perhaps go up when press conf is done?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. Cash-N-Guns

    Jake..love minority women…i am married to one of different ethnic background..lets get back to making $$$$$$$$. Good day

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. GARR

    RIMM setting up to get clown fucked should they miss later.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. jscott

    JakeGint,

    You’re really betting the FAS? For a sizable jump, or just a little scalping action?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. TraderCaddy

    Not to be critical or anything but Obama does have ears like my Mr. Potato Head.
    And if you don’t know who that is you probably also don’t know Kukla and Ollie.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. Darius

    Obama cant talk for shit now….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. TheArtist

    I like brown sugar on occasion…..
    just for drill you know…..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. T MOE

    If RIMM shits the bed with earnings today look for that fucker to get chopped. Goldman said to buy into earnings, I can’t wait to see if they were right.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. Darius

    Also, the PPT banners are fucking classic.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. Fly Leech

    Definitely the Grinch. Somebody paint her green and post it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. cash n guns hates his mommie
    cash n guns hates his mommie

    So did your problems with women begin because your momma smacked you across the mouth too many times, or was it on ur pasty white ass? Or maybe some ‘ethnic’ girl wouldn’t give ur fat face the time of day, hence the hate and bravado on a web board. Either way, grow a set keyboard rambo

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. Rex T

    Volume on FAZ looks to be dropping off some.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  47. T MOE

    FAZ breaking down

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  48. ARV

    Obama is talking shit in the press conference. He is mumbling, low in confidence and has no clue what to talk.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  49. JakeGint

    You’re really betting the FAS? For a sizable jump, or just a little scalping action?

    At least til 8, then we’ll see. Would not be surprised to see 12 again, however.

    __________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  50. MOOBER

    The official communique issued at the close of the G20 London Summit

    http://stockbee.blogspot.com/2009/04/official-communique-issued-at-close-of.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  51. The Fly

    FAS TO $100!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  52. JakeGint

    Not to be critical or anything but Obama does have ears like my Mr. Potato Head.

    Kukla Fran and Ollie was still on (reruns maybe) when I was little, cause I remember it (late 70’s).

    Mr. Potato Head even my kids know, though, because of Toy Story I & II where he’s played by the mailman from Cheers.

    ___________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  53. to Fly

    fly can you post your little icon that shows fas as a chinese cokie with price 0.01 – 3.41 or whatever random numbers you generated that day?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  54. JakeGint

    FAS TO $100!

    That’s “Angry Fly” talking.

    I want to see “Friendly, more Relaxed Fly.”

    Off to get stuck by the allergist.

    ___________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  55. Captain Anarchy
    Captain Anarchy

    The bond traders quit their pit in 15 minutes. Let’s see what happens.

    Hold on to your sombreros!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  56. Cliff Claven

    … no respect

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  57. DEVILDOG

    Fly, hope is not an investment or trading strategy. Your stupid crap calls are getting annoying. Why don’t you just STFU and move on to your new career? Your and Jake’s GLD and SLV calls suck shit. Your SRS call sucks shit. Your FAZ call sucks shit. You suck shit and are stuck on fly paper. Get a clue and get off the glue.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  58. Rex T

    What happened with your love for TNA? That thing is ripping.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  59. The Fly

    What happened to S&P 150 Dog? you fucking idiot.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  60. to DD

    hey DD why do want fly to add you to his blog? Setting up a blog with wordpress is 30 miniute affair. You can count on me as your first reader.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  61. SP150

    i am coming, just wait till summer

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  62. Keyser Soze

    Big sell program hit came through at exactly 3:00 yesterday. Of course, it only too Asshole Dip Buyers about 20 minutes to retrace to knock down.

    Will be interesting to see what happens today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  63. Keyser Soze

    wow…that wasn’t even close to English. Sorry.

    What I meant to say is that after a sell prgram at 3:00 yesterday knocked down prices, it only took about 20 minutes for prices to recover.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  64. cramer

    cramer declared end of depression, fas to 100! but he says do not go overboard – apparently affraid of stewart still.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  65. BackAndFill

    Cramer just called the “End of the Depression!” I guess we can tell all of the tent city residents they can pack up and go home / back to work.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  66. Cash-N-Guns

    cramer…you suck- die today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  67. Rex T

    Keyser, nice call!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  68. FLY, ITS gorrila man here. Im sitting in my throne eating bullpie son. S&P900 next target, at which point ill eat bear heart. Stay tuned

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  69. Gorilla man again…..PPT is right till its wrong.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  70. skvm bvkkit

    FAS TO $100!

    Lay off the crack pipe funny boy. TLT to 100, but on the way down. BWAHAHA!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  71. Dicey

    For chrissakes… if yer not gonna shitban DEVILDOG, will you at least kick off his fucking discple “to DD”???

    Seriously, who would follow that fucktard?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  72. TraderBob

    Fade the Fly bought 50000 Citibank and 25000 BAC. Dick Bove said buy of the century

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  73. Cash-N-Guns

    what do GM car sales people do all fucking day now..? – uh nothing…was just there yesterday for vehicle service…fucking tumble weeds..not 1 person looking…shut GM down- fuck it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  74. TraderBob

    Flysack nice call on semis!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  75. DEVILDOG

    The Fly Says:

    What happened to S&P 150 Dog? you fucking idiot.
    April 2nd, 2009 at 2:49 pm Vote: Add rating 0 Subtract rating 0

    I already answered that on this morning’s thread. Quit changing the threads to hide your ignorance. Go back and read it. I’m not writing it over again. Maybe you’ll learn something. Next stop S&P 874. Keep buying FAZ idiot. While you’re at it buy some GLD and SLV to back your mouth from yesterday.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  76. Captain Anarchy
    Captain Anarchy

    Dicey – Ever hear of a sockpuppet?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  77. j0sh1ngU

    devildog no longer bearish??? oh boy what a bad choice.. FAZ is the winner were going sub 600.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  78. Goin'Fawr

    fool Says:

    “I’m with DD on Gold. You can’t buy groceries with a gold nugget and you can’t by stocks either.”

    Ever tried to buy groceries with a gold nugget? Not at the ‘FoodFlood’ maybe, but I bet your locally owned/operated corner store or Farmer’s market isn’t above such a lucrative exchange…Even if you don’t happen to live in Zimbabwe or its ilk, yet.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  79. to dicey

    hey dicey, do you have a problem with DD predictions? why you want to ban him you sh*t licker? do not you wanna know what others think? even if their opinion is different you stinking sh*t?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  80. TheArtist

    I fucking swear…..Ken Lewis is now saying it “might take longer to pay back the tarp” than previously thought…….

    that fucking asshat just said the other day he was going to pay it back right away?

    motherfuckers, these cocksuckers should have handcuffs on, but I guess when you are that high up get a “get out of jail” free card……..

    these assholes are just manipulating the market as they please everytime they say something.

    I should have known yesterday to go in 100% at the end of the day, knowing they wouldn’t say or do anything on the MtoM that would cause the market to go down, only do whatever they needed to do no matter how opaque just to keep the rally going……sure enough, market fuckery on news they are going to let the banks mark their shit at whatever they want to mark them at.

    I guess if april has 1 million lost jobs the market will not flinch, might go up 500 points on the fucking news?

    seriously.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  81. Goin'Fawr

    Oh, and who says you can’t buy stock with gold? BS! Send me your gold and I will set you up with any 3x ETF Bullion Bear Plus you want, no problem!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  82. Dr. Incognito

    I know why DD is so aggitated today.

    http://www.kxii.com/home/headlines/42269052.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  83. CAP

    Don’t worry about DEVILDOG and his hostile attitude. I hear DD was over at the doctors having his colon examined. After disrobing and bending over, the doctor proceeded to insert his gloved finger in DD’s ass or atleast DD thought it was the doctors finger until DD felt both of the Doctors hands on his shoulders. This rather sordid experience has left DD disturbed and prone to taking out his anger on strangers over the internet.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  84. to CAP

    he-he, you know all the details too well, got fingered recently yourself?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  85. kushzilla

    ppt is the kush

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  86. fat loss

    Fat Loss Element is easily the most popular brand-new weight reduction product or service in the marketplace. Study trustworthy reviews and get totally free weight loss guidelines.

    • 0
    • 0
    • 0 Deem this to be "Fake News"