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
23,428 Blog Posts

A Special Closing Message For Bears

[youtube:http://www.youtube.com/watch?v=-aJROW6cuEM 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

36 comments

  1. Steve Place

    Unless you sold call spreads. Then it’s about even.

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  2. The Fly

    True. +92 is as even as a three legged statue of Liberace.

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  3. Steve Place

    Guffaw.

    So if it’s +92 it’s FYBYD.

    But if it’s -92 it’s “Ignore the tape, it’s just noise”

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  4. Steve Place

    And I love the new design (and comment system). Well done.

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  5. The Fly

    Steve:

    Who said that? I never did.

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  6. Dennis Kneale

    “The great recession is officailly over!”

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  7. ZenProfit

    Final Tribute to Greatest Pitchman who ever lived:

    Marathon: Wed 7/1. All “Pitchmen” episodes, followed by Series Finale at 10pm.

    http://tinyurl.com/cl7hwg

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  8. The_Real_Hmmmm

    It’s hilarious you posted this. Whenever I would read your acerbic closing comments this is exactly what I would think of. One of my favorite parts of the movie.

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  9. The V.King

    Attention all….stop posting shit. These last 8 responses shall get the Cum Gargle Awards for best in want to be investors awards. Jakejint and I are available for some serious investing convo…so to all you Fags who use this space for B.S….Go look at Perez Hilton this board is to make money…not pat each other on the back sides…
    INTC should touch 16.93 tomorrow

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  10. Razncane

    You lose- even when you appear to be winning. Er, uh that’s winning when appearances seem to be losing. No, no, it’s winning while losing on a win. Ahhh fuck it , Good Day Sir!

    New site design update kudos!
    Looking forward to a Karma Buttons comeback. And, gains in FTK.

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  11. Danny

    OMG, it’s the best S&P500 chart ever

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  12. Prince Naseem

    stfu danny

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  13. The V.King

    Naseem,

    The V.King likes your style….for a terrorist. Why don’t you stfu and ad something I just bought 12,500 INTC after market …I will sell this tomorrow up >58 cents tomorrow at around 10:30 est AM …now The V.King shall start lifting heavy leg weights to build an even stronger base. My leg press is over 1,200 lbs…So Danny why don’t you say OMG to that…and stop worrying about the S&P

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  14. surplusdroids

    It’s over. Dennis Kneal has declared the recession over.
    GS, JPM, and MS will now dump their SPY just to spite this fucker.

    http://zerohedge.blogspot.com/2009/06/dennis-kneale-great-recession-is-over.html?dsq=11914845#comment-11914845

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  15. PRICERUNNER

    H+S is a forming on SP500. More traders are talking about it . Fade the pattern if CNBC talks about it.

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  16. Q4

    No Games – http://www.youtube.com/watch?v=Cxvzxa-oGhY

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  17. DMG

    Death to ass napkin fukwad:
    http://www.youtube.com/watch?v=lSW2pPlZF-M

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  18. The Chart Addict

    FAS 1 for 5 reverse split; FAZ 1 for 10 reverse split:

    http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6396328

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  19. Goldie

    Wow. Time to get a new group of suckers on that FAS/FAZ reverse split.

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  20. The Fly

    Actually, the recession is over—bank on it.

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  21. Razncane

    Thanks for the Heads Up CA.

    On paper, it shouldn’t make a difference. It’s an even exchange. However, just as investors often bid up companies that declare forward stock splits based on optimistic assumptions, it’s only natural to coat reverse stock splits with pessimistic assumptions.

    Direxion Sucks Leprechauns.

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  22. Razncane

    Prediction.

    FAZtards who weren’t aware of the reverse split sell into the July 9 morning bell believing they are Madoff rich.

    Write it down.

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  23. TraderCaddy

    Fly remembers.
    Back in the dot com days stocks would run up like crazy just prior to a split.
    For no reason other than it was going to split.
    I used to play DITC (now owned by a Fly favorite, TQNT) all the time in this manner.

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  24. TraderCaddy

    Oops wrong company.
    TQNT bought Veritas (another dot com high flyer in the day).
    DITC is still kicking at about $1.00.
    And to think I traded it when it was around $165.

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  25. Milktrader

    I have closed my XEO JUL/AUG 360 put calendar for a loss.

    The FLY 1
    Milktrader 0

    … is there a chance for a comeback?

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  26. mustard seeds

    Signed up as a piker, got a password. Does it take a little while to work?

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  27. Indie

    fuck me.

    i just went over seek alpha website. man the bears have taken over that website. what a nightmare. they all gather around and fucking jerk their negativity off each others. i’m telling you the world is coming to an end. prays the lord fuckery. they’re one step away from becoming infowar. they can’t take the lost because they’ve shorting the market for too long now so they blame the invisible hand. or whatever hand. some hand.

    those guys are starving, someone please throw cakes at them.

    that’s what they were talking about when they mentioned let the market wash itself out. don’t believe the hype, the market IS flushing itself out. wash, rinse, repeat.

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  28. Indie

    i liked the old feature where one could come back and correct the spelling and grammar errors. oh well.. what the heck. commando stylee! living the dangerous life…

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  29. Karl

    Well, if you understand the political agendas spinning under the market, and you track the legislation being pushed through the UN as well as domestically, and you track the Lisbon Treaty, and you follow independent investigative journalists who have no power agenda… you arrive at the realization that there’s a lot of money and thought put into the effort of keeping people at a mental level that does not involve hard, objective, independent analysis of any kind. It’s all about ego posturing and emotion, instead. But this homey don’t subscribe to monkey-mind.

    The Hegelian dialectic keeps most of you participating in a charade that feeds off you, no matter what side you are on. And just because 50% of the hyped conspiracy theory material published online is intentional crap designed specifically to turn you off to it does not mean the other 50% based in fact is not fact. If you had any background in research and how to conduct research you would have a chance, so you’ll have to take my word for it. Winning trades doesn’t mean you know shit about politics or the way the markets work — it just means you can read a tape. Kind of like how an idiot savant can rattle off the first 10,000 digits of pi, but can’t tell you how they do it.

    So just shouting out that the market is going this way or that way, and pointing to some government-adjusted economic indicator, is like throwing darts at a dart board. And then backing it up with posturing is actually quite boring.

    Let me enlighten you as to how the civilization you wake and sleep and eat and shit and fuck to was arrived at — scienitific method. And yet rather than bow before this Master, you partake in ego posturing. Does us all a favor and rise above yourself and reach for the methods that put your ass on the map.

    All hard data points to a completely fucked market. Anything beyond that points to manipulation and rising equities due to expected inflation of the collapsing US dollar. This is not complex. Once the market stops rising and the US dollar is pulled out from under the US economy, the entire fucking system will go bye-bye. Until then, you will continue to make money. After that moment, your money will be worthless. So hurry up and pretend there is no future to discuss.

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  30. Indie

    sure. keep telling yourself that.

    thank you for enlightening me. dude, i was belind. i guess you think we were all born yesterday. a bunch of brainless sheeples. you get the cake for the conspiracy of conspiracies to turn us off of conspiracies. fuck yeah. i got a boner reading that. awesome. shear it mofo. fuck yeah. shear it!

    you see, people have been preaching the end of the world since, well, pretty much since the beginning of the world. anybody who’s been trading/investing long enough will tell you, that doomsayers have been around forever. and time eventually wash them away. every single one of them. doesn’t mean there’s no crashes and told you so moments. it just means life goes on. it doesn’t always goes into the direction you were expecting. thing kinda break, change and fix themselves in not always the way you thought they would but they always do. and in the end the good will out. the bulls eventually wins. risk takers eventually fuck the pussies. that’s just nature.

    you gotta be in it to win it.

    best of luck!

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  31. Karl

    Thanks for your little girl-level emotional analysis of my post. It was wonderful reading it. Now where’s your data, asshole?

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  32. JakeGint

    Is this really Denninger?

    Deep breaths, Karl. One day at a time.

    (And yes, I’m the site’s Illuminati rep, and I’ve got my fucking pyramid eye on your ass. No false moves!)

    _________

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  33. DPeezy

    Ya gotta be careful with that pyramid eye…ya don’t want to crack the lens in your glasses with its pointy tip! (Contacts are obviously out of the question.)

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  34. Juiceyfruit

    Karl .. regarding conspiracy theories, maybe 10-15 % is fact. Another 15-35% is fact based spin, based on bias/agenda. And 50% or so is pure bs.

    Maybe 10-15% of traditional news reporting is fact sans spin.

    Then again, my above comments are pure guesswork .. no facts.

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  35. DPeezy

    A couple late night site-design things…

    How about threaded comments? Should be as simple as flipping a switch on the theme…

    I’m sure you’re aware of this, but the time stamps on the front page are still stuck for Your, TCA’s, Cronkite’s, the PG’s, and the KoPG’s boxes (all ‘latest posts’ display the same timestamp).

    Very nice rounded CSS corners, though. Love it!

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  36. Cash-N-Guns

    Wow a thread were stocks and market is the topic, as opposed to gay elves in leotards, drinking latte’s laced with cocaine…mkt thoughts..wow didnt see that coming

    Insurers are fucked sideways…short HIG-LNC..one of these goes to 3 bucks.

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