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
23,433 Blog Posts

Mugs Filled with Black Smoke

Indeud, gentlemen, I am in possession of a time machine. Some of you know it for its commercial use, named The PPT. However, there is much more behind the veiled curtain, reserved only for upper management. While most you are busy, concerning yourselves with “circle jerking” around “leadership” stocks, the FUCKING WORLD IS COLLAPSING AROUND YOU. If you would take your big, stupid, fat face out from your coffee mugs and look around, you will not like what you see.

For example: the euro is being liquidated in an unseemly fashion. Sure, the media is preparing us well for the event that it goes to “par” versus the dollar. Well, HELLO ASSHOLES, that’s 30% lower from today. Do any of you chart fuckers realize how that would affect U.S. exporters?

Who cares? I’m fucking wasting my time and I know it. No one wants to hear this “zero hedging” bullshit, unless of course you eat live fish heads for dinner accompanied by some lukewarm human blood. I know, it’s disgusting, 10,000 apologies for that rant. But, the point remains intact, you’re all playing inside of a sandbox littered with flesh eating grass hoppers (sorry, I can’t help myself).

Hey, if it makes you feel any better, for all of the shit I am talking, I’m still down 0.001% today, amidst heavy (so fucking heavy, man) selling in some of my longs. Sometime soon, I will dump all said longs and join the wolf pack, in order to rip your fucking limbs off from your bullshit torso.

[youtube:http://www.youtube.com/watch?v=0ePQKD9iBfU 616 500]

Top pick: [[VXX]]

UPDATE: Due to a late surge in Flotek Industries, Inc. [[FTK]] , I was up 0.3% today. So sorry.

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78 comments

  1. Yogi & Boo Boo
    Yogi & Boo Boo

    Classic. All that was missing was the soup. FISAM.

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  2. ecchymosis

    Market eats Bloater Paste!
    http://consumerist.com/2010/05/recession-driving-brits-to-cheap-inedible-foods.html

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  3. wilmer

    fig missile

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  4. TheV.King

    Have you heard the BIG news? The V.King is now blogging exclusivley on Jake Gints page…go check it out!!!

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  5. MOOBS

    Shot down, in a blue blazer of glory!

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  6. fig

    This market is very sick. I have a feeling we may see another -1000 day over the next month. Oil is getting killed, gold is heading higher. This bubble is about to burst. When it happens this time, there won’t be any time to get out either. I have noticed more asshats on TeeVee saying that the market is going to get killed by the end of the year. I am entering my short positions here on any bounce.

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    • Yogi & Boo Boo
      Yogi & Boo Boo

      I think today may have been your chance. I think that was the bounce.

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      • fig

        Well, I hope so, because I did pick up some shorts today. I was all cash from before the big drop.

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    • No One

      Technically, things don’t look that bad.

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      • Sam

        Technically no one expected a -1000 point plunge either. Things are looking sick. We go up on fumes and then go down faster when sell stops get triggered. Seems unsustainable…

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        • Heaterman

          Much the same as our national budget. And don’t send me no garbage about it just being fiat money. When, no if, people lose confidence in the Euro and soon after, the US Dollah, everything will go in shit hole.

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  7. VoodooRiver

    Yeah but Sir, the US economy is in a recovery mode, so US will fill the void of all the exporters….
    Also Goldman’s Cohen said S&P is going to 1250. Are you saying she is wrong? Again?

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  8. Prospectus

    Hope Cramer clicked through to your site today. His kids have tender eyes, I hear

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  9. CashIsKing

    What’s up with the blogger shuffle. Where’s Chart Addict?

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  10. Mr. Cain Thaler
    Mr. Cain Thaler

    The action in crude futures is rather concerning. There is considerably more weakness out in the 2011 years than the summer months of 2010. If things should suddenly flip over into a full blown contango, it would cause enormous damage circa 2008 after the oil bubble burst, while emboldening the deflationist/bear camps into shorting everything in sight. China may be the spark.

    We’re still a good ways off from that, but seeing oil back in the $70s, when it wasn’t even a month ago people were calling for $100 a barrel, makes the hair stand on the back of my neck.

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    • rookie

      This is the mother of all shakeouts .. Crude will be back in the 80’s in a couple weeks.

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      • wabisabi

        your moniker is suitable

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      • mrsbuttons

        Oil is going to explode upward .. And if you can’t see it you’re blinder than Sandra Bullock.. bless her little heart.

        Cheers!

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      I don’t pretend to know where crude is going. However, if China goes into a recession, the European consumer takes a hit, or our own debt problems here in America flare up, then crude is not going back up any time soon. That’s an outcome you had best stomach now.

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  11. The_Real_Hmmm

    Companies can hedge currency risk if it’s that “obvious” but not de-leveraging risk, hence the great credit crisis inventory liquidation and trade deceleration. Isn’t the greater risk for the Euro those who hold them in allocated claims and thus the reason for the Fed dollar swaps? 27% of allocated claims are in Euros versus 61% in USD worldwide (Q4 ’09).

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  12. Taqiyya

    And if you believe in the the full faith and credit of Uncle Asshat I can assure you of receiving my longs in your shorts. May the fleas of a thousand camels nest in your crotch. Who are the biggest holders of Spain and Portugal debt?

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  13. noodleboy

    http://www.youtube.com/watch?v=NEpckP0PabQ&feature=related

    the world is ending?

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  14. jasonbb

    This market just don’t feel “right”. I’m having flashbacks of late-2007 just before all the fuckery started. I’ve begun paring back longs and building positions in SDS, DXD, QID.

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  15. Tony

    What would happen to the EURO if Germany tells the EU to fuck themselves?

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    • mrsbuttons

      Never happen. Germans love their beaches too much.

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      The euro would be fine. The governments and perhaps economies of the nations that were told no? Not so much…

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  16. Chunks

    Germany, will fuck the world this weekend and get out of the euro and peg their new Mark to gold. Buy gold this weekend, market will drop 20%

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  17. TheV.King

    For your evening pleasure The V.King has posted over on Jake Gints blog…and tomorrow the V.King will announce his next big pick…..

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  18. Jason

    Hmmmm long the VXX and youre doom and gloom. I cant wait to buy buy buy and rise up when you cover your shorts!!! MuuuuahHahahaha!

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  19. Endgame

    Special Drawing Rights…coming to your town soon

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  20. Dog, D

    Black smoke is what you get in your mug if you use a Keurig…

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  21. Jason

    Ooops futures just went positive … No need to ban me. Ill shut up now

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  22. Jason

    Indeud. I will shut the F up

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  23. JakeGint

    Yikes… Fly’s blog featuring center cut ads hacking at GOP candidate for Senate Rand Paul?

    Whaaat?

    ______________

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  24. Braveflaps

    M. Le Fly,

    So many excellent posts and advices and so little sleep that I am starting to mix them all up….

    I have been hedging my righteous longs with gold and foreign funds (via shorting various leveraged bear etfs) and today near the close snapped up some VXX for rubbing on my body re: deflations and chests but not much happened when i rubbed the VXX on my chests and so I realized I must have got the wrong post and so re: deflations and cocks I have now just rubbed the VXX all over my cock as you instructedandAIIIIIIIIIIIIIIIIIIIIIIIIIIIIEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

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  25. JakeGint

    If you are looking for a pullback, just remember that first, your offering must please the Techno V.King!

    ______

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  26. lindsay

    nice news on POSCO docteur

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  27. needle dick the bug fucker
    needle dick the bug fucker

    Fut are neg and the euro is getting smacked.

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  28. tradingnymph

    Could be an interesting day huh…

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  29. Jason

    The fly is right again. Should have kept my mouth shut

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  30. Chunks

    Better than blowing you dog

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  31. TheArtist

    looks like time to release the newest coffee mug….the “Indeud” iBankCoin mug.

    (not available in all stores, must be 18 to order, see your local dealer for details)

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  32. Munch The Greatest

    yo FLY?

    Time to sella-sella, brother!

    Monday we crash this mutha!

    Any questions?

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  33. TheV.King

    Hey Jason I demand you become a reader of Jake Gint’s blog….DO IT NOW!!! Use the secret password: Jermey Rules and get 2 months free….have a friend sign up and get a free Jake Gint Coffee Mug!!!

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  34. The_Real_Hmmm

    All crosses with yen getting hammered. JPY being bought heavy; carry trade unwind again?

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  35. punyandy

    You’d think TIVO causes cancer with how that stock just evacuated its bowels.

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  36. Yogi & Boo Boo

    Black smoke indeud!.

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  37. J

    Careful.. I’d be really shocked if there wasn’t any intervention close to here by the ECB and the Fed.

    Recalling for the old days the ECB hated the currency falling every day and would intervene to ensure it wasn’t going to become a one way market.

    I’d be really worried about that if I was short now.

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  38. ronamatron

    That old guy on the VectorVest ad looks like hes been treated to a few kicks down elevator shafts and staircases.

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  39. notadumfuk

    My short Gold position from a few days ago is doing just great. They “gunned the stops” this morning by a fake $17 rally in gold. I was not fooled one bit. And neither were the gold stocks.

    The short position I entered for 14 cents is now worth $2.08. About a 15-bagger.

    BTW – this stock decline is all bullshit too. They had to take all the biggies down 5%
    to scare the Mutual Fund managers.

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    • chivo

      Yeah, that’s why we’re down… to scare to mutual fund managers… lol

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      • notadumfuk

        LOL at you, Mr. Dumfuk. Why do you think they (NOT the Fund managers) take the
        markets up and down? I’ll give you your FIRST clue:

        To fuck the Mutual Funds, public stock / option players, small SP future players,
        and pension funds out of some of their money.

        And BTW: How much did YOU make recently shorting gold?

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  40. The_Real_Hmmm

    Reversal in intraday downtrend EUR/JPY. I say we bounce here.

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  41. tradingnymph

    Fwiw…my weekly article looking at next week is up….I wrote it last night…. http://www.stockpickr.com/members/problog/2213/

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    • J

      Nymph, good site

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      • tradingnymph

        Thank you…I have a couple of typo’s….the Shanghai Comp support is 2667, not 1165 (lol, I think I was thinking SPX when I typed it)…and I forgot to put in my levels for HPQ which my editior is adding soon…..I was up to like 3am finishing it up, I always start too late with it each week….

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  42. TheV.King

    V.King call is now on the Jake Gint blog….

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  43. cashnguns

    girls…which most of this blog is comprised of…bend over…your about to get pounded…..

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  44. slim

    Sold last half of my VXX today.

    Bought 2000 SPY 123.0 June 19 calls @ 0.31

    Will see you in hell

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  45. fig

    wonder where Le Fly went. It has been almost an entire 24 hours since his last post. He must be busy coming up with a strategy on how to dump a million shares of FTK without cratering the stock. Good luck on that.

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  46. J

    I bought some GE on PPT trade looking to turf it out short term

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