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
23,442 Blog Posts

Don’t Touch the Watch

Here we go again. Fucking Titanic trading here on Wall Street, as HUGE worries over sovereign debt permeate the small brains of big money managers. Portugal and Greece can suck my cock. I could care less about their plights and how fucked they may or may not be. I say ” feed them to the sea lions”; and let the rest of us go about our business. With this early sell off taking hold, it appears the bulls are in for a BURLAP SURPRISE (no idea what the means, nor do I care).

Aside from eating excessive amounts of oatmeal (lightly sweetened, heavily milked), “The Fly” is preparing to leave the office and go shopping. I will partake in odd Monday mornings events at Whole Foods Market, Inc. [[WFMI]] . Instead of being be at the office talking to idiots, I will be browsing over produce section at “The Whole”, pondering “melon versus grapes.” Then, I will mosey on down to my local chinese grocery store, where I will purchase chinese style bowls and fucking chopsticks. The truth of the matter is, I’ve given up coffee for an undetermined and undisclosed amount of time. Perhaps I have a very mild case of dystonia, whereby consumption of large quantities of coffee exasperate underlying conditions. Or, maybe I just don’t feel like being a fucking slave to my Keurig. Either way, “The Fly” is off the caffeine dragon.

As an aside, Citi initiated POSCO (ADR) [[PKX]] today with a $152 price target. You got to love Korean steel, down at these levels.

Bottom line: the market is always stupid, retarded and wrong. Stay on your fucking game plan and watch out for caffeine overdoses; it’s a killer.

P.S.- Don’t touch the watch.

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

37 comments

  1. Le Fly

    Thain is psychotic

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

    And I assume that while on your morning errands, you will be returning some videotapes?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. BernieCornfeld

    Fig?

    No More Caffeine?!!? What about Greenie!?!

    BTW, reading a Merrill report from the 14th India Investor Conference, there is apparently a Tea shortage going on? The next dragon? Maybe Keurig will develop a machine.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Richy

    Job or no job, John Thain is still a monumental asshat, right?

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

    Done for the AM.
    Thanks SMH.

    P.S The caffeine will increase your hypertension.

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

    Dystonia?

    Could be Tourette’s, no?

    __________

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

    I’m on my fifth cup, btw…. dericious.

    ______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Swinging for the fences
    Swinging for the fences

    Don’t forget to pick up a case of Aleve to handle that monster caffeine withdrawl headache you will suffer for the next three days.

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

    Shorting coffee on this news.

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

    “The Whole”?

    Normally a fan but that was lame.

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

      Sometimes I like to hit “The Whole” and see if I can rack up $100 with 2 paper sacks full.

      Fly …I loved The Green Police ad!

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  11. chivasontherocks

    hope all you guys are doing well. just wanted to say hi.

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

    John Thain can turn his head 360 degrees.

    I like MWV for a bounce here.

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

    Looks like Friday was “The Bottom”. Its going to take a lot of muscle to get the SPY below 104.33 now. That was the exact point of the large gap in 2008. Sorry folks, we move up from here. Time to get long…

    http://bit.ly/cyf6tH

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

      Yeah. Real bullish chart pattern. NOT!

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

      You can draw a straight line from the 2007 peak to the 2008 peak and the January 10 peak. There’s a ton of resistance on that line.

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

      Mike, you need to stop calling bottoms.
      It’s often wrong and it’s eroding your credibility.

      Let the market decide which way we go, it’s 100% accurate at all times

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

        Indeud.

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

        Yep, trying to call bottoms every day is just like Tim Knight calling the top every day for the last 11 months. Eventually you are going to be right, but by then nobody will give a shit.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  14. MX2101

    Electric power was off for nearly two days where I live in Maryland. No heat, fireplace could not keep up and it was 40 degrees inside. We just got back from an Annapolis hotel after spending the second night enjoying the comfort of heating.

    One lesson of this is the near panic and crazy crowd behavior before the storm. 250 people were in the Safeway. The checkout lines went to the back of the store. This is nothing, just a weather event.

    Imagine if the currency collapses, etc. A portion of the population will go nuts, Mad Max style, and this will push many more over the edge.

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

    I’m a Americano man

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Treepart

    OFI has some room to run.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Dirk Diggler

    Hey anyone, what’s a good site for publicly tracking your trades? Stockalicious sucks donkey balls…

    Thx

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

    http://www.caffeineweb.com/?p=15
    I like this NASA study where spiders are exposed to different drugs and allowed to spin a web. The caffinated one is obviously the worst!
    Interesting stuff
    I also quit coffee about two years ago. I now limit myself to one extra large a day!! I won’t drink it in the morning though cause now that I’m desensitized it really messes me up first thing in the day.
    I LOVE COFFEE!!

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

    A leading sector of the AM , that being the chips, and ORCL and AAPL now fading like the Colts and add in the financials sucking wind (GS back under 150?) could mean look out below.
    Also, a mean reversal in gold stocks.

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