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
23,463 Blog Posts

Prepare to Be Awed

“The Fly” is about to show you school girls what investing, in every sense of the word, is all about. You’re all pussies, afraid of oil spills, petrified of market volatility. As you know, volatility is Le Fly’s bitch.

Going into tomorrow, I ride unhedged, aside from my MET short, begging Mother Market to smack me in the mouth. Do not fear, little people from the internets, my powers have grown in recent years and it is no longer possible for Mother Market to smack me in the face. I can only be “Rino’d.”

I see the CDS spreads widening and I know exactly what to do and when to do it. In short, there is no man or woman alive today that is in greater control of a specific situation, as I am now. A person, such as myself, travels the nightly winds in fucking space rockets, burning down bullshit houses with my exhaust along the way.

The point of this blog post is to inform you that I have already won, even though the battle has yet to begin.

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56 comments

  1. omfgitsjd

    Is this a tabbed blogger?
    http://www.youtube.com/watch?v=IdahyxsHwrg&feature=related

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  2. EN1GMA

    may your TNA shoot to da moon in grand space magician style

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  3. slim

    I am shocked and awed….

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  4. Heaterman

    Fly. Just for your information, we have no urinals around here so there are no shadows with which to converse. Likewise, space and time travel has not reached the shores of the Great Lakes yet, unlike the Asian carp………..
    But what we do have are outhouses. Not the porta johns used at fairs and construction sites but rather, good old fashioned outhouses with wasp nests under the seating area. Enlightenment of future events is thereby foretold by two things. The ethereal and soundless communication of the vapours wafting up from below the the rough sawn oval hole and by the intense study and interpretation of the arrangement of the wasp stings on the nether regions of a local fat woman. As of this date the vapours and the wasp tattoos are both converging in a never before seen fashion indicating a further drop of 13.6% in the Dow and 15.225% in the S&P from today’s levels before the bottom is in. In addition, a new sign emanating from the afore mentioned fat lady’s lower intestinal tract indicates that this market bottom may be only temporary and by mid September new and additional lows will be struck. Suffice to say that the future of the markets looks to a great degree to be nothing but more shit. Thought you would like to know and feel free to add this information to your decision making process. …….I would chart the wasp stings in detail but hey, this is a family forum.

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  5. mickeyp

    how is that Rino treating ya… down about 15% so far… splat

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  6. alf44

    … you seem to NOW be making trading decisions based on some curious form of …

    ROCK PAPER SCISSORS !!!

    —–

    GODSPEED !!!

    .

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    • Dr Fly

      Incorrect. I base my decisions on science, small pleb.

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      • alf44

        “science” ???

        —–

        The only thing missing from that “punch line response” … is a rim shot … and uproarious laughter !!!

        ROFL !!!

        .

        .

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  7. JakeGint

    LOL.

    _______

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  8. GETGroup

    Risk on Daniel-son

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  9. GetDrunk

    And buy, buy, buy stocks…yippeeee!!

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  10. GetDrunk

    Red red wine you make me feel so fine
    You keep me rocking all of the time

    Red red wine you make me feel so grand
    I feel a million dollars when your just in my hand

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  11. TA

    No time machine required

    Since we had 2 crappy days in a row, tomorrow will be a gap up day.

    Just pick the direction that will annoy the majority and make your bets into the close as the resulting gap won’t let you get in otherwise.

    Unless you are a nimble daytrader, cash is still the smart play(and UNG + GLD of course)

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    • alphadawgg

      Screw UNG, USO and any other contango infested paper commods. They lose money on the roll. You’re better off buying dividend paying O&G royalty trusts and the like, my friend.

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      • TA

        Yes – they’re internally broken as I have written often here but unless you trade the futures, that’s all there is. Normally I’d agree with you but most stocks are in fuckery mode, even the producers.

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        • alphadawgg

          Tru dat.

          Just saying buy ’em when the time is right, instead of the ETFs.

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    • Dave

      I hope tomorrow is an up day. I had a couple of stocks I wanted to short Monday but they started dropping first and I didn’t want to chase them. Would rather short them on a little dead cat bounce Tuesday.

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  12. alphadawgg

    “Turnaround Tuesday” coming up, otherwise known as a “Costanza” caper—the exact opposite of Mondays action. More market fuckery that we’re used to seeing.

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  13. alphadawgg

    On a poignant note, glad to see you fired the egregious Xerox pop up ad/video/asspick irritation thingy that caused much grinding and gnashing of teeth for the grunts.

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    • MarshalN

      Still there on the main page for me…

      Funny thing is, it’s so annoying I didn’t even notice what company it was for until you mentioned Xerox.

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  14. Fly Leech

    I’ve got a feeling this is like a game of chess and you already have all the moves memorized. Did you beat Bobby Fischer?

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  15. The_Real_Hmmm

    I plan on exiting my CAGC fingertrap at a gain. If the PPT was on the $SSEC it’d register SUB 2.

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  16. hardy

    If you’re saying tomorrow is going to be a gap up day, then you aren’t really saying much. considering the fact that /es futures are up 8 points right now, and that we’ve had 2 big down days in a row…a prediction that we will gap up in the morning is not exactly a BOLD PREDICTION, its the OBVIOUS move.
    I like your blog posts, but this one is just pointless.

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  17. Le Fly

    Two things

    Alf is some sort of misfit midget. I cannot figure out his angle. Is he mad because i am calling the market correctly?!?

    Two:

    I called gap up during the trading session bitch, via covering shorts and going long tna.

    The ppt algorithims said we were oversold and i agreed. That is as close to a science as you small retail fuckers will get.

    But no, instead, i get dick faces with snide remarks.

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    • hardy

      yeah you called gap up during the trading session, and you were wrong. we closed at a new low of day.
      in your end of day blog post you said:

      UPDATE: Into the close, I look like a jackass, with the market vomiting on itself, AND MORE. There is always tomorrow to further dig myself into a fucking murderhole.
      NOTE: I did not add to any longs, aside from a personal purchase of TNA. For now, I am comfortable with letting current longs recover, considering my cash position is north of 50%.”

      Hardy

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    • alf44

      F. I . G . !!! (as it were)

      .

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    • Alvari40

      Must be a full moon. Let ’em eat grilled cheese if they don’t get it. You spoon feed them ribeye and they swear its shit. Not sure if it is even possible to sppon feed ribeye, but you get the point. There are those traders that cannot allow themselves to follow the market and then they lash out when they are wrong. Can’t be their mistake, it must be Fly. Closed minded fucks.

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  18. Phil_from_Brazil
    Phil_from_Brazil

    Fly, what happened to your “scientifically, I cannot lose” line? That shit used to crack me up every time. hehe
    Loved the “little people from the Internets”, though. Keep ’em coming to us IBC aficionados! Btw, when’s RW Pelican gonna hook us up with some t-shirts? I don’t see any products at in the online store tab.

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  19. Dr Fly

    The shirts are there

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  20. alphadawgg

    I miss Bilderberg and Sahib Whatzisface.

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      Rag just made an appearance, as coincidence would have it.

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  21. JakeGint

    Chaaaallllieeee, dey took my ‘tumb, Challie!!

    Really, it means nothing. Just a clip from ’84.

    ______________________

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  22. Ai

    Keep this shit up and see what happens …. Stop looking at futures overnight its tsking over yoir life pal

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  23. tradingnymph

    Shanghai Comp is about flat even with not so bad Japan trade data, and FX shaking the shorts a bit….what is really making me take notice is this article
    http://www.shanghaidaily.com/sp/article/2010/201006/20100608/article_439514.htm#ixzz0qEohS3gm
    China seems to always seems to leak their econ data before hand, and talk about what they are going to do indirectly in the press…this article imho seems to be getting them ready for easing to be removed somewhat on fears of inflation…..and lol, imho the Govt over extending themselves w/ all those crazy loans in 2009….what is really going to be interesting is if the Shanghai Copper Dealers are going to try and play the spread on the LME which is coming back…my guess, they can’t get funding to do it, we will see. OZ is holding up…that Iron Ore price raise to Japan coming is probably being priced in.

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  24. Alvari40

    Haven’t enjoyed watching futures late into the night since I gave up trading ’em. Yen trying to break to new lows on the session and index futures moving inversely in lock step. Hard to believe that the ES minis are up a full 10 handle, while the NQ minis are up over 16. Is it possible for a gap up in the morning to hold? There are gonna be a lot of gap players that think not. Would be nice to see them lit up for a session or two. The close of the past two sessions doesn’t give me a lot of reason to be hopeful, but maybe just maybe…….

    BTW, did V King really get shit canned? He added a lot of flavor that, while insulting at times, was an interesting part of the fabric. God knows I have been insulting at times. My apologies Jake.

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  25. Name

    Seems the USD topped for a while.

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    • tradingnymph

      Germany had sucky Trade Balance data showing exports down…waiting for some more…but imho way too soon to call the top to USD

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      • Name

        I agree, I meant a temporary top last a few weeks or so, not THE TOP.

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  26. dave

    Fly navigates the markets like Nathan Lane would climb a gay Mount Everest.

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  27. HuggieBear

    Things seem to have taken a turn for the worse.

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  28. wabisabi

    lemme preface this with the statement of fact that i have not and will not read any of the previous posts on this thread. that said, you are a money manager and a very poor market timer. shut up. for the internet retards, you can make money in virtually any market environment being a money manager. i know u all do not understand, but accept this as fact. the one known as fly can attempt to make very short term market predictions, at which, he is very substandard (aka sucks). however, i will concede he is a very adept money manager. big difference. so and so…and furthermore, do not attempt to follow this wing nut into any short term trades. better yet, don’t attempt to follow him at all. for it will not help you. even better still, do not attempt to follow anyone. eveneven better still, give up on all investment ideals completely and followup on your home depot job application. anyway. after these various diversions from my primary notion, i shall conclude…the dingaling that runs this site is adept at ‘MANAGING MONEY’, which you should not attempt to recreate, furthermore, he sucks donkey ass at short term market timing. regardless of what he would have you believe is contained within his PPT. in conclusion, managing money is not trading. trading has nothing to do with managing money. if you manage money properly, trading doesn’t even enter the equation, which begs the question, why are you here? got it?

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    • chivo

      Maybe you should read some of the previous posts. You are 1 moron trying to tell hundreds of people who make money using the PPT and The Fly that they can’t do precisely what they are doing…

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    • Walter

      If I had read this post my first day here I would have been inclined to believe it.

      It was only after a month of WISHING I had done what Fly reccomended that I gave in and became a (gulp!) follower.

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      • Purdy

        In an environment where the market can gap down 2% if some guy in Hungry scratches his nuts, I’d recommend people follow Fly’s advice not to follow him into TNA.

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    • gappingandyapping
      gappingandyapping

      And your title is?

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    • tradingnymph

      FWIW, I notice attacks on anyone that has an original investment thought greatly increase when the Market turns…..I wonder if I should start graphing that….dick head Wabisabi I have several banned ones for you to hang out with……..nice to know I am not alone when it comes to being bashed…..Leader, may we attack?

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  29. Mr. President

    Down.

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  30. Terrance

    Fly are you going to get the iphone 4?

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  31. Terrance

    Fly are you going to get the iphone 4?

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  32. F T Naysayerz

    I have already won, even though the battle has yet to begin
    indeed, spoils go to the prepared

    ignore one-eyed men describing their depth perception

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  33. lol

    Question: When has the Fly ever failed to awe us?

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