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.
The various voices at iBC may very well be the best, most balanced, wisest and shrewedest (?) bunch in finance. Loving this report, always loving the site.
J, you’re absolutely correct: there are no conspiracies. Just a collection of ‘like minded wealthy’. Why? Well I think your friend and mine Eric Blair put it best when he wrote,
“Foreseeing some dismal Marxian Utopia as the alternative, the educated man prefers to keep things as they are. Possibly he does not like his fellow rich very much, but he supposes that even the vulgarest of them are less inimical to his pleasures, more his kind of people, than the poor, and that he had better stand by them. It is this fear of a supposedly dangerous mob that makes nearly all intelligent people conservative in their opinions.”
Getting back to ‘imaginary’ organisations like Bildeberg: Would you like to have a view from the inside looking out? I recommend you take a gander at John Perkins’ “Confessions of an Economic Hitman”. It’s all fictional bullshit, of course. It never happened; never will. And Milton Friedman, Gary S. Becker, Robert M. Solow are all gods of the unquestionable religion of neolassical economics. Hocus Pocus!
Euro, yen seriously copping it up the rear end against the dollar. Dollar starts the week quite strong. Before anyone thinks this is indicative for stocks, the Euro Yen cross is holding up quite nicely suggesting this isn’t a liquidity panic and may be a concern that the Fed will life rates or withdraw funds towards the end of the year.
You should be charging for it. You can tell a lot of work goes into it, other than maybe Jake’s paragraph.
FLY–
People want ibankcoin gear. I want to rock a tshirt and hoodie with the logo on it. Maybe get hats for all the guys that are bald or losing their hair (btw–I have rockstar hair).
WHATS THE DEAL?
I have a major (MAJOR) hookup when it comes to that kind of stuff. You would get a huge discount and the quality is whatever you want it to be. Let me know and I will put you in touch w/ this company/person. You will be more than happy…..trust me.
Thank you for providing the educational material my university never did. I could have saved thousands of dollars and told them to stick their finance degree up their ass!
Fly, you should have some contests…. it will be fun, seriously. The contests will all have to have answers given on the site by people with a real handle, no “anonymous” can play (the system will reject those) and the winner will win a free year in the PPT or something. (smaller, daily or weekly contest winners can win a T-shirt that is currently unavailable)
“I am easily satisfied with the very best.”
Contests can be things like;
“draw the chart of the DOW for the rest of the year” (you’ll have a current chart and people will be able to finish the chart to the end of the year with their pointer and then click o.k. and send it and the person whos chart looks the closest to what it really came to is announced the winner. etc.
And at least get a sub for the PPT before you come by here with your tinker’s cart full of sweatshop-labor tee-shirts and lead-lined coffee mugs, piker.
Going to wait a few minutes but SMH long may be good for a quick scalp.
BRCM,NVLS,MU,TSM may be good.
In and out.
Quicker than Obama at a Chrysler Bondholder’s meeting.
Starting to think that a strongish Dollar could actually begin to be seen as asset market positive as people start to take comfort in the fact that the dollar is not heading to hell for the moment.
In fact it used to be that a strong currency went hand in hand with strong asset markets while the reverse is also true.
If global liquidity doesn’t tighten up the buck could strengthen a little and we could also see asset markets possibly heading the same way. Possibly is the operative word here and the point I’m making is that it’s worth entertaining the possibility of this market shift in sentiment.
Does anyone else laugh when they read something like this?
“WASHINGTON — President Obama was getting his daily economic briefing one recent morning when A FLY distracted him. The president swatted and missed, just as the pest buzzed near the shoes of Lawrence H. Summers, the chief White House economic adviser.”
Late last week while walking along the river in Grand Haven, Mich., I noticed a fishing boat motoring by. The name on the boat: Devil Dog Charters. Apparently the red Viper is, in fact, a 40 ft. fishing boat.
Henry, even at 1.28 do you think with the research underway now that XOMA could still see 3.00 by years end?
looks like they have a few things on the edge of the last stages of testing. just curious.
Hey man. XOMA will shoot to the moon prob. they just fucked the day traders with the timing on their secondary. I knew it and sold anyway cause fuck them!
You know the scene in Goodwill Hunting where Robin Williams asks him why he chose to be beat by his dad with a wrench and not a belt. He replied in a perfect Boston accent.
I like Figs.
….caller is currently on behold
Fortress Investment Group
why is everybody so into FIG around here?
The various voices at iBC may very well be the best, most balanced, wisest and shrewedest (?) bunch in finance. Loving this report, always loving the site.
If you guys ever need a marketing guy, I’m in.
What do you have in mind Boomer?
FIG is weak.
Think I saw the chart addict trying to teach charts to some tourists in times square.
regards
chuck
I’ll email you.
Too funny, I was going to bandy about BIOS on the PPT on Monday.
Client of mine’s been bugging me about them, to the positive.
___________
I won the French and I am the greatest tennis player of all time.
Would the PPT help me and my clan?
Think I saw the chart addict trying to teach charts to some tourists in times square.
Maybe during the week.
On weekends, he’s 100% tourist caricatures only.
_________
J, you’re absolutely correct: there are no conspiracies. Just a collection of ‘like minded wealthy’. Why? Well I think your friend and mine Eric Blair put it best when he wrote,
“Foreseeing some dismal Marxian Utopia as the alternative, the educated man prefers to keep things as they are. Possibly he does not like his fellow rich very much, but he supposes that even the vulgarest of them are less inimical to his pleasures, more his kind of people, than the poor, and that he had better stand by them. It is this fear of a supposedly dangerous mob that makes nearly all intelligent people conservative in their opinions.”
Getting back to ‘imaginary’ organisations like Bildeberg: Would you like to have a view from the inside looking out? I recommend you take a gander at John Perkins’ “Confessions of an Economic Hitman”. It’s all fictional bullshit, of course. It never happened; never will. And Milton Friedman, Gary S. Becker, Robert M. Solow are all gods of the unquestionable religion of neolassical economics. Hocus Pocus!
Thanks, gentlemen.
J, you’re absolutely correct: there are no conspiracies.
“sactly”
Release the Dog. He’ll be right eventually.
THE DOG HAS BEEN RELEASED. EVERYONE HIDE THE KIDS AND COVER THEIR BIRD CAGES.
.
Euro, yen seriously copping it up the rear end against the dollar. Dollar starts the week quite strong. Before anyone thinks this is indicative for stocks, the Euro Yen cross is holding up quite nicely suggesting this isn’t a liquidity panic and may be a concern that the Fed will life rates or withdraw funds towards the end of the year.
This post is the shizznit!
You should be charging for it. You can tell a lot of work goes into it, other than maybe Jake’s paragraph.
FLY–
People want ibankcoin gear. I want to rock a tshirt and hoodie with the logo on it. Maybe get hats for all the guys that are bald or losing their hair (btw–I have rockstar hair).
WHATS THE DEAL?
I have a major (MAJOR) hookup when it comes to that kind of stuff. You would get a huge discount and the quality is whatever you want it to be. Let me know and I will put you in touch w/ this company/person. You will be more than happy…..trust me.
Thank you for providing the educational material my university never did. I could have saved thousands of dollars and told them to stick their finance degree up their ass!
Fly = FIN650 – Mugging The Markets
Great work. Thanks.
Fly, you should have some contests…. it will be fun, seriously. The contests will all have to have answers given on the site by people with a real handle, no “anonymous” can play (the system will reject those) and the winner will win a free year in the PPT or something. (smaller, daily or weekly contest winners can win a T-shirt that is currently unavailable)
“I am easily satisfied with the very best.”
Contests can be things like;
“draw the chart of the DOW for the rest of the year” (you’ll have a current chart and people will be able to finish the chart to the end of the year with their pointer and then click o.k. and send it and the person whos chart looks the closest to what it really came to is announced the winner. etc.
Things like this will be fun.
Ass Napkin-
Eat a bag of lightly soiled ass napkins.
And at least get a sub for the PPT before you come by here with your tinker’s cart full of sweatshop-labor tee-shirts and lead-lined coffee mugs, piker.
___
Going to wait a few minutes but SMH long may be good for a quick scalp.
BRCM,NVLS,MU,TSM may be good.
In and out.
Quicker than Obama at a Chrysler Bondholder’s meeting.
Otherwise short away.
Sold Euro here. added to my short established Friday. Euro didn’t retrace at all and has continued to fall.
Dollar looks kinda cheap against the Euro. Euro has its own problems and in fact looks even more fucked than the US in lots of ways.
Market seems really short of the dollar.
S/l for the pos at 1.4013.
Starting to think that a strongish Dollar could actually begin to be seen as asset market positive as people start to take comfort in the fact that the dollar is not heading to hell for the moment.
In fact it used to be that a strong currency went hand in hand with strong asset markets while the reverse is also true.
If global liquidity doesn’t tighten up the buck could strengthen a little and we could also see asset markets possibly heading the same way. Possibly is the operative word here and the point I’m making is that it’s worth entertaining the possibility of this market shift in sentiment.
in for gear
Thanks Fly, et al. Love these reports!
Here comes the buyers….the market will close green today. Buying PALM here @ 11.75
MVIS working today….load ’em up!
Does anyone else laugh when they read something like this?
“WASHINGTON — President Obama was getting his daily economic briefing one recent morning when A FLY distracted him. The president swatted and missed, just as the pest buzzed near the shoes of Lawrence H. Summers, the chief White House economic adviser.”
http://www.nytimes.com/2009/06/08/us/politics/08team.html?_r=1&hp
I’m buying biotech pullbacks like they wont last!!!
MDVN
IMGN
DVAX
EXEL
other long positions im holding
Energy
GPRE
GU
HOKU
tech
ENTR
wish i still owned XOMA.
No I don’t! Fuck those fuckers!!!
Sold 10% of my MVIS position at $3.18. Will look for a suitable opportunity to redeploy.
I’m bidding 5000 share lots of DVAX till it goes green! 15,000 done already under 1.56
Also bidding 5,000 share lots of EXEL under $5
sold 3/4 of GAIA for profit @ 6.28
FYI…I found Devil Dog.
Late last week while walking along the river in Grand Haven, Mich., I noticed a fishing boat motoring by. The name on the boat: Devil Dog Charters. Apparently the red Viper is, in fact, a 40 ft. fishing boat.
Just thought you would like to know.
CNBC says SCOTUS will decide Chrysler Bankruptcty.
Not true.
It will be POTUS (Pres. of the US) with TOTUS (Teleprompter of the US)and not SCOTUS.
Say that fast three times.
TC
Don’t discount the role of TOTO too!
For those that care, the market will be in a mildly bearish mode until August 3rd or 4th, when the next bull leg begins.
Don’t get too bullish till end of July.
Henry, even at 1.28 do you think with the research underway now that XOMA could still see 3.00 by years end?
looks like they have a few things on the edge of the last stages of testing. just curious.
and do you still GPRE running into the teens?
BOT CDE at $13.76 for a trade.
The market is voting on Obama’s directive that not even the Supreme Court of the US can tell him what to do with TARP funds.
IT’S TheArtist!!!!!!!!!!!
Hey man. XOMA will shoot to the moon prob. they just fucked the day traders with the timing on their secondary. I knew it and sold anyway cause fuck them!
You know the scene in Goodwill Hunting where Robin Williams asks him why he chose to be beat by his dad with a wrench and not a belt. He replied in a perfect Boston accent.
“Cause fuck him that’s why”
well….. Fuck XOMA
GPRE is all about the price of oil and a run in altert energy plays
Wood – would that explain why SPY is down -1.51% and FAS is only down -0.78%?
Actually I spoke too soon – it’s now down ~ -1.10%
Must be the mid day reallotment on FAS.
The more I watch the intraday activity the weirder these 3x ETFs seem.