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
20,420 Blog Posts

Classic Rape

I can see the headlines now: “Market Raped on better than expected retail sales.”

This market has been very difficult to game, over the past 6 weeks. Even though the indices are within striking distance of new 52 week highs, several sectors have been derailed, namely commodities and tech. Based on Santa Claus alone, the market should be shooting higher today. Yet, here we are getting swallowed whole by asshole whale eating bears.

In my head, I have lots of ideas, with lots of predictable outcomes. However, it’s “hard as fuck” to accomplish anything when the market is stuck in “stupid amber,” scared to shit of going down. We need some sort of earth shattering news to get jump started again. Otherwise, we might slide lower to 10,000 Dow, before regaining the initiative.

In an effort to avoid fucking myself into the New Year, like I have done before so many times, I will attempt to remain calm, by way of holding a large cash position (25%+). The truth of the matter is, the only way I can guarantee my patience is by leaving the office and going for a walk or a drive to undisclosed locations, where I can do no harm.

Off to Toys R Us.

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36 comments

  1. Panda Bear

    Make sure you get Zhu Zhu pets for all of us.

    Thanks!

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  2. mrkcbill

    Maybe Steve Jobs gained 5 lbs. over the weekend.

    Meanwhile you can get a 30 year fixed for 4.75 ( dollar carry trade for the masses)

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  3. DSB

    “In an effort to avoid fucking myself into the New Year”

    Kind of like how I reverse-cowgirl’d myself and bought a bunch of BGZ calls on Friday? We shall see how this one turns out.

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    • Mr. Cain Thaler

      haha, I love the new gravatar. Wonder where that came from…

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      • DSB

        I was knighted into the V.Kingdom…

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        • Mr. Cain Thaler

          Oh, oops. No I saw the D followed by two letters and thought DMG had changed his gravatar in response to another post, since that seems to contain aromatic rings. My bad.

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    • TMoe

      Great article.

      “Then we have those on Wall Street, banking and corporate America who believe they are doing God’s work by looting the American public making outrageous profits by in part using taxpayer funds, and allotting themselves disgraceful bonuses as unemployment hovers at 22.2%. Haven’t these people heard of the French Revolution? Their arrogance has no bounds. The credit crisis hasn’t ended; the Fed has extended it by throwing money at problems. We have a mortgage market that is worse than it was a year ago, only kept from sinking by a tax credit 3% down. As a result now we have more than $1 trillion of new mortgage failures on the way.”

      – – Indeud!!

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    • TMoe

      “Economics is not complex; it is very simple. Professors and economists would like to have you believe it is complicated when in fact they make it opaque, so you cannot understand it. The same is true with banking. In normal times through the century’s bankers using the fractional banking system usually lent 8 times their assets, or deposits. It was only until recently that the privately owned Federal Reserve told banks within the system to lend 40 times assets or more in order to accommodate the system.

      All this is to cover to confuse and hide the truth of fractional banking. Bankers’ indebt borrowers with money they made up out of thin air. Debt is enslavement by the bankers upon the people by buying almost everyone off. In the final analysis banking is a fraud unless money is interest free. The Fed, and all the other banks are a fraud.”

      This guys got it right on!

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      • DSB

        Nothing lends credibility to an article like the mention of the Illuminati.

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        • GW

          Like it or not what was once a tinfoil idea is now being written about 100’s of times a week by semi and prestigious publications

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          • DSB

            When you’ve got guys like Kissinger talking about a NWO on live TV and nobody bats an eye, you’ll be hard pressed to get a reaction out of articles like that. Face it, nobody will give two shits until A) their lifestyle is directly affected, and B) they can link said change to said Illuminati.

            Then what? Are we all going to stop watching cable TV and get our pitchforks out? No! It’ll all be conjecture anyway unless there’s some smoking gun that shows everybody “You’re fucked right now, as a direct result of XYZ, and here’s what you can do about it” In the meantime, we will drink our troubles away, gamble in the markets so that we feel like we have control over something, and argue over the internets.

            Just remember; collectively we are a bunch of fucking morons.

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  4. TA

    Toys R Us is a pit of evil where devils(greedy children) do their best to separate you from your hard earned cash

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  5. DSB

    The superfund guy is a cocksucker like Al Gore. It’s not InWestor, it’s InGOFUCKYOURSELF

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  6. arch

    whats my motivation ???? dont have any as the orderly decline is and was predictable..maybe in 2 days i will buy something ..but why??

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  7. henryfool

    bought 1000 GMCR @ 62.25

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  8. henryfool

    KNDI looks like it has legs.

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  9. Bill

    Art Cashin said that if something spiked the dollar sharply, DOW could go down a thousand. Something that caused a flight to safety.

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  10. DSB

    Hey Fly your IBCNEWSBOT3000 completes me. I like that it pulls stories from a wide range of sources on the interwebs; clusterstock, zerohedge, NY Times, thestreet, etc. etc. etc.

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  11. noodleboy

    flyblog=bestblog
    period.

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  12. noodleboy

    GMCR
    weeklyS1-61.35

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  13. TMoe

    http://www.globalresearch.ca/index.php?context=va&aid=16218

    The financial hoax

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    • TA

      Let’s just say Goldman did it and skip writing the article

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    • arch

      unfortunately i agree

      When currencies are being debased, volatility in the stock market increases. But the gains are not worth the risks and if anyone is still in the market, they will be wiped out by the 1st quarter of 2010. The S&P may have shot up since the beginning of the year by over 25 per cent but it has been out-performed by gold. The gains have also lagged behind the official US inflation rate. It has in fact delivered a total return after inflation of approximately minus 25 per cent. When Meredith Whitney remarked that, “I don’t know what’s going on in the market right now, because it makes no sense to me”, it is time to get out of the market fast.

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  14. henryfool

    If we print $63, we print $64 close on GMCR.

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