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

CHOKE HOLD

I’ve been right here, watching you fuckers squirm, the whole time. Sort of creepy, no? I left the “black smoke” blog up, so that you could read it again and again and again. Sometimes it’s important to appreciate quality, not quantity. Today is one of those days.

While I may chastise the likes of Jim Cramer, for unveiling his “5 generals of the stock exchange,” mainly because he’s a jackass, I appreciate the sentiments. The fact of the matter is, the BAILOUT HAS ALREADY FAILED because it has to fail. The EU saying they will pony up a trill is like you saying “I’m gonna make a blog and supplant iBankCoin”—not happening pal.

I will have you know, I am not making a killing today, aside from my personal account—which is up gangbusters. So far, my accounts are up about 0.5% for the day, led by big dicked gains in none other than [[VXX]] . I warned you about my time machine, The PPT, with respects to the OVERBOUGHT nature of the market, Unfortunately, you chose to look the other way. May your life be afflicted by 1,000 arbs and scribble-scrabbled u-4’s.

In short, the black smoke is now permeating the floor of the exchange. Take a step back and breathe it all in, for you are now in the “choke zone,” bewildered from all of the stupid things that you do.

NOTE: A special Friday Treat: I will unveil my weekend cartoon today.

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42 comments

  1. jg

    fig

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  2. Gmoney

    Damn I should have jumped in the faz mobile. Looks like Fly’s time machine is up and running!

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  3. GonzoTrader

    Zombies loose on the floor…..

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  4. stylene

    re: cartoon

    This generations Chuck Jones

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  5. Woodshedder

    The Breadth Report has been warning of this pullback, as well. Just sayin’.

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    • TheV.King

      So Mr. Shedder you are telling us that you have a Bad Breath Report

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  6. genghis-khan

    Fly- what’s your take on TIVO’s 40% elevator drop? Overreaction? Dump?

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    • The Fly

      Funny, I was just looking at TIVO. Fuck that stock.

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    • TheV.King

      Maybe TiVo is down because of The V.King?

      DRR over extended?

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    • Laser Beam

      TIVO stock price is in the hands of the court system.

      Today, DISH network’s appeal en banc was accepted. That drags out TIVO’s patent lawsuit for another 6 to 18 months.

      I expect TIVO to go much lower.

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  7. Teahouse On The Tracks
    Teahouse On The Tracks

    Whutchu taukin’ bout Willis … I heeded the Word of The Fly and went to 50% cash yesterday with only my Golds, Ag and some small O&G positions and some SRS & TZA as a hedge …. thought I’d have a chance to add some VXX this morning but alas, ya snooze ya lose … C’est la vie!

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  8. MOOBS

    Who got TiVo’d today?

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  9. A Monkey with a handgun
    A Monkey with a handgun

    Fuck!

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  10. Teahouse On The Tracks
    Teahouse On The Tracks

    Fly, how bout a teaser look at your top ten “To Buy” list as men in burlap pants ride the elevator down so we can prepare to get on the escalator up to the summer fashions dept?

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  11. cashnguns

    little skanks…too funny

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  12. cashnguns

    fashion…ok.. go buy a dennis kneale gay hat, and and a michelle cabrerea girdle to hold in her freaking gut…yes Skanks…one and all

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  13. TheV.King

    Fly please introduce Jake Gint’s character to this weekends cartoon….

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  14. Le Fly

    Steven

    Hence the term, the fly wins all the time, even during rash employee changes

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  15. The_Real_Hmmm

    Break up the Euro into Euro1 (Germany) and Euro2 (all others) and have the Fat in the Hat Michael Moore run the latter.

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    • TheV.King

      Congratulations Mr. Hmmm
      The V.King is reposting your comment here to the Jake Gint blog…..

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  16. Helicopter Ben Rules!
    Helicopter Ben Rules!

    Given today’s decline it is 100% guaranteed that the Central Bankers will have some surprise announcement ready Sunday 6:00 PM to assure that we have another gigantic gap up this Monday and bears get reamed again. Anybody short sure as heck better cover at the close and go long!

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    • Purdy

      He seems to have had his way with the Europeans last weekend …and look where that got us

      …maybe the free everything for everybody thing is passe.

      But trading robots will reward us with a rally if the government announces the Goldman deal with the gov’t and the end of the investigations.

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  17. Noob

    One thing I don’t understand–if the VXX is a measure of volatility, why doesn’t it rise when the markets are hugely bullish on days like Monday? Sorry for the inherent dumbass-ism in this question but I’m just trying to learn.

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  18. Rand

    Cool, thank you sir, may I have another?
    Thank you sir, may I have another?
    ANIMAL HOUSE!

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  19. enraged beaver
    enraged beaver

    Fuck off v-king. stay to the lesser blogs[jake].

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