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
23,446 Blog Posts

Brown For President!

I love when politics becomes drama for the masses. Everyone is so worked up over Brown and his pending bitch-slap to the democratic party. While I am politically indifferent, I do enjoy a good public bitch-slap.

In a word: GIVEMEKENNEDYSSEATBITCH.

On a separate note, I’ve ordered 3 dozen Japanese beetles and will soon have them deposited into someone’s backyard.

As for stocks, forget the banks. Citigroup Inc. [[C]] just reported and the numbers sucked. You know, 68% of Citi’s revenue originate from overseas? That’s an amazing figure. If I was an American, which I most certainly am, I would not trust those fucking nerds over at Citi with my dinero. Banks are simply too difficult to analyze. They all lie and are protected by world governments to successfully continue said lies. I propose, why bother with banks when there are perfectly fine technology and commodity stocks available for purchase?

Ultimately, banks will sink into oblivion, as their weighting in the S&P 500 shrinks over time. I would not be surprised to see the financial weighting in the S&P around 10%, 5 years from now. If you need financial exposure, you’re better off with insurance or asset managers in your portfolios.

Okay, time to get ready for the trading day, via eating 3 large bowls of oatmeal. I am not talking regular “hey look I’m a dumb guy eating oatmeal” large. I am talking MONSTROUSLY large bowls, on a very, very hideous scale.

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45 comments

  1. JakeGint

    “3 Bowls for the Bowels.”

    _____________

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  2. Stellios

    Yep, I was the asshat that bought into Citi last year.. Good thing only 5% but still sucks to be me for the next 6 months holding Citi until it reaches $5.30 a share.. Heck, it might be by the 4th quarter of this year till i see $5 a share with this group of pricks lol..

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    • The Fly

      Hey, I own Citi. But if I was committing fresh capital today, buying Citi would not be very high on my list. So many better places to park cash.

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  3. Purdy

    Our puritanical roots will prevent him from being selected by party operators for anything higher than the senate:
    http://www.cosmopolitan.com/celebrity/news/scott-brown-nude-in-cosmo

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    • Largebill

      Purdy,

      That puritanical BS is overstated. I doubt even 5% of the most conservative Republicans care about a silly photo spread done 20 years ago. People confuse attitude towards certain behaviors as being puritanical when often it is just a preference that some crap not be pushed in our face.

      A better example to explain this is consider potential candidates marriage history. Personally, I would prefer people only get married if they intend to make it permanent, but whether they do or not is their business and will not overly affect my voting decision. In 2008 I voted for the guy with a spotty marital record (McCain) over the guy with one wife (Obama). That issue can affect my opinion of a candidate’s trustworthiness, but by itself it isn’t enough to override policy differences.

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      • JakeGint

        It won’t be Brown’s nudie pics that keep him from being Prez, it will be his voting record.

        Too liberal (thus far at least) to get him through the tough primaries.

        _____________

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  4. WardandJuneCleaver
    WardandJuneCleaver

    We like Ike. Peace and Prosperity in ’56!!

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  5. RobDrake

    Ciena WOOT!

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  6. mhass33

    Dammit… I own a huge stake in C as a long term play… wtf am I gonna do with this crap

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  7. Lemonjello

    I’m a card-carrying MASS-hole and I couldn’t muster a single “give-a-fuck” about this Senatorial race until they started bombarding us left-right-and-center with the advertisements and visits from Clinton and Obama etc.. Now I’m gonna vote Brown just to show those nitwits that they should have just left well-enough alone. They even have a commercial with Kennedy’s widow begging for my vote so I don’t undo Ted’s legacy. I don’t care about his legacy and I’m certainly not taking advice from a lady who’s only accomplishment in life is marrying into the Kennedy family. You wonder if the marketing brains even consider that driving their message home form every conceivable angle can actually have to opposite effect from that which they intend. Based upon the atrocious Oreo commercials featuring those Manning knuckle-heads and Donald Trump that have been invading my football games of late I think I know the answer (Hydrox is now my preferred vendor).

    As for the nudie picks, if you can’t see the pickle then it isn’t nude.

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  8. rnb

    good day for big boys to buy banks with everyone so scared. And imagine all this fear the day before the asses lose their pants and reason can creep back onto center stage.

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  9. TheOtherNeighbor (the evil one)
    TheOtherNeighbor (the evil one)

    Fly, please refrain from depositing the beetles into my backyard. After last year’s fiasco, it took months to get my grass green again.
    I’ll make a deal with you. I’ll forget the money you owe me on the sac of weed I fronted you if you promise not to mess with my backyard again.
    Perhaps we could throw Steve a barbecue when it gets warmer, he seems depressed lately.
    BTW, I left that porn video I borrowed from you in my mailbox because I didn’t have time to stop over before leaving for work this morning. Please go out and grab it today before the mail man comes by, I think the fucker stole the last video.

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  10. henryfool

    Ethanol aint just for breakfast anymore!

    PEIX http://ibankcoin.com/henry_fool/2010/01/16/whats-up-with-peix/#comment-852

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  11. Mr. President

    Quality China names are coiled:

    ADY
    FUQI
    CPBY
    LIWA

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  12. Big Mike

    Anybody read this blog? I saw it on Optionmonster.com

    http://evilspeculator.com/

    He is calling a 300 handle on the SP500 number by 2011…

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    • TA

      That’s just Tim’s retarded half brother.

      Just ignore it.

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    • Captain Anarchy

      He’s been calling that since, like, SPY $85. He’s an ok fellow, and much able to admit failure than Tim Knight. But if you followed his trading predictions without using his subscription system you got clown-raped.

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  13. FIG

    On this bs news from Citi, I am seriously considering closing all of my accounts with Citi. Those fuckers clamped down on MY cash during the glorious “credit crisis” plunge of 2008, and I bet they do the same now. They won’t be charging me outrageous fines for the honor of banking with them.

    On a heavier note. The effects of 3 huge bowls of oatmeal will not be so inviting later today. I hope you are filling yourself with plenty of keurig spawned cups of joe to loosen up the fiber.

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  14. henryfool

    Pacific Ethanol, Inc. (Nasdaq: PEIX) is continuing its recent momentum run.
    Shares are up 17% today after rising 21% on Friday. The stock is up from $0.89 on Jan 7th (currently $2.50) after announcing it will resume production at its 60 million gallon per year Magic Valley facility located in Burley, Idaho on January 7th.
    This morning, Kinder Morgan Energy Partners, L.P. (NYSE: KMP) announced a $195 million acquisition and new ethanol venture. This news could suggest that with the uptick in gas prices at the pump recently ethanol is again become an popular alternative.
    News Provided by Acquire Media Corporation

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  15. venter

    What’s up with SD and COCO, still long on these?

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  16. FIG

    Fly, it seems as though adding some more to your position in SD would be prudent today, assuming you still believe in your natural gas thesis. I am adding today on a washout of the nervous longs under 9.60. That is the best we can hope for with such a boring tape on SD today.

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  17. Pete

    Fly,

    Funny you mention the cocksuckers at Citi. I got to their second round of interviews for an entry-level position out of college but was denied in favor of some douchebag kid who’s daddy works for a hedge-fund.

    Regardless, I couldn’t agree more that they’re merked, and I hope that they and the rest of big banks go to hell in a hand basket. I can’t tell you how many bullshit overdraft fees they’ve raped me with by reordering and retroactively applying transactions.

    I’m graduating this spring and couldn’t feel more terrified about career prospects. I was thinking about law school, but it’s the same bullshit as everything else–getting in debt with no guarantee of future security.

    What industry do you think I’d be least screwed in? Or, in other words, if Young Fly was entering the job market these days, where would you look to go?

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    • FIG

      some advice… Take a look at Haiti. The people banking coin in Haiti over the last week will be doing the same in the US over the next 10 years. Morticians, clergy, doctors, firemen, demolition crews. Basically, those who profit from death and destruction are the winners in the next generation in the US. You could either try and thrive as the grim reaper in the US, or get a permanent skin darkening and move to a poor country where the 50% of the population is under 20, and about to steal the wealth from the masses of idiots here in the US.

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      • Goldmund

        ‘FIG’, you cockamimy jack rabbit driving mother fucker,
        stop posting on the internet and take your dick out of the oatmeal –
        cause’ it just aint’ cool.

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  18. Speculation

    I think TASR is going to be a good long-term bet.

    http://bit.ly/8nPXTk

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  19. Teahouse On The Tracks
    Teahouse On The Tracks

    Another win for me: Bot in $5.50-5.60 area

    Allied Defense Group announces definitive merger agreement with Chemring Group plc (ADG) 4.71 : Co announces that it has signed a definitive merger agreement with Chemring Group plc. Chemring has agreed to acquire The Allied Defense Group in an all-cash transaction valued at $7.25 per share.

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  20. New Ideas

    Us massholes will put Brown in office

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    • Purdy

      Deep pullback from intraday highs in managed care companies right now …likely some discomforting exit polling.

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  21. New Ideas

    I thought there wasn’t going to be any exit polling

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  22. stockguy07

    I picked up some BAC recently. Stupid move???

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