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
23,426 Blog Posts

Attention: Merlin Would Like to Have a Word

Poof! You’re fucking recovery has vanished!

-Merlin

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

34 comments

  1. The Zombie

    The Fly is God!!!!!

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

    What? You don’t think Mr. O will save us? LOL

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • robert(rob_pvb)

      maybe your mr harper can. or how about shiela copps?

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

    Out of SDS in pre market. Sold off too lightly.

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

    Merlin works for Dept. of Labor, apparently.

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

    QE II is now more likely.

    Big “banks” have profited from the QE mechanism.

    So, aren’t there better places than FAZ?

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

    Time for a new cartoon-Devildog dies in Foxconn plant.

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

    Attention: Merriam would like to have a word about a word – schadenfreude

    http://www.merriam-webster.com/dictionary/schadenfreude

    Main Entry: scha·den·freu·de
    Pronunciation: \?shä-d?n-?fro?i-d?\
    Function: noun
    Usage: often capitalized
    Etymology: German, from Schaden damage + Freude joy
    Date: 1895

    : enjoyment obtained from the troubles of others

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Weezy

    I know you guys have done this for so long. A report does not change a market trend. We will close Up triple digits thats why I will buy FAS and TNA on the open. This will be an instant restart of the buy mode in the DJIA.

    FIG

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

      yeah .. any plunge is a dip even down to dj10200 , to buy .

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  9. Le Fly

    Fundies trump your stupid charts

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

    double dip & end of days

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

    what time does the rally start?

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

      Intra day (intra day only) bounce back begins about 11:00 -11:30 or so- right after the amateurs sell scared.
      This is my guess.

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

    I am well positioned.

    I may dump half my spy puts if we get a decent selloff.

    Only if we touch 1100 tho

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

    Also, although im not big on technicals, if we close the week below the 200 day MA or 45 week MA, this market is most likely going down in a trend reversal.

    If she holds above that, which she may….we may get a liquidity rally back up above 1200.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. John Q. Newbie

    Holy shit that’s a funny post. This made me laugh about as much as that new Geico commercial with the sarge and namby pamby land.

    Jackwagon!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. flyaway18

    And guess what?
    Jake wins again,
    judging from this morning’s early move in gold!

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

    Can you believe we are slipping into a deflationary depression that cannot be stopped and yet people are acting like its a buying opportunity?

    Unless they start directly putting money in consumers pockets, we are going down.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • robert(rob_pvb)

      as usual in all of your useless posts you manage to cover all scenarios, if this then… if that then. some people who have nothing to say like to hear themselves ‘talk’. you are one of them.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  17. Cascadian

    Plunge Protection Team will be busy today.

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

      lol
      yes , but sure enough fully operative
      😉

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

      The market is at a critical technical juncture. This is typically when the PPT (Goldman Sachs, our silent fourth branch of government) goes into full swing. If I had to bet, I would say this market is going to violate the laws of statistics and rebound, hardcore — going straight through all technical resistance and then resting up on top of resistance, turning it into support.

      Once that happens, the PPT will step aside and let natural market forces take control again. If you can call high frequency scalp trading by Goldman and other massive firms “natural,” that is (as it seems specifically architected to destroy the American middle class and turn them into passive peon slaves for multiple generations).

      When you have access to trillions in taxpayer money, given to you by CFR-humping candidates like Obama and Bush, why not use every penny to suck the bone marrow out of the “unruly” (and enviromentally unfriendly, according to Maurice Strong at the UN) middle class?

      The market is going up, and we’re going down, suckers.

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

        basically i don’t give a fuck about how the market manage to play itself , the market ” forces ” you talk about is only volume of money . I know they do it , and I just follow .
        TA doesn’t give you nearly a shit for this market ( or just get you quite casually on the wrong side of the trade) , and it’s been a while now .

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

          TA can reverse signals to achieve greater profit. It doesn’t care which way the market is going. It can take any system and turn it contrarian for greater profit.

          In other words, TA encompasses what you are doing.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  18. skogie1

    Fly, any thoughts on VXX here? My sense is that it performs best when there’s a sudden shock and less well during a slow motion fall, which I think we might be setting up for here. What do you think?

    GO TZA!!

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

    Do not worry. On Monday the market we’ll be 300 point up as usual. Or we may close even in green today:)

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

      no it will not likely happen , but only because it would be too much clownesque show to world-wide digest

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

    NSM, SMH bounce long.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. FIG

    Whoo hoo, we are down 10 on the SPX. Time to buy.

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

    Out SMH,AMD,NSM
    Nice 1.5% or so and may re-enter after 10:30.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. francesco

    what a bearish opening
    brrrrrr
    horror

    (heavily into tna .. this lady never misses to fill a gap..
    ;))

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. WSJC

    Look at the 10yr’s, they don’t buy this bullshit.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. francesco

    look at the gains ..

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