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
23,471 Blog Posts

Buy the Dip

Attention Asshole Dip Buyers of America,

It makes no sense to buy stocks now, which is why you must. Under the O’bama administration, all males between the ages of 11-99 must participate in the experiment called “fucked up capitalism,” through purchases of shares via a government sponsored agent, most preferably at JPM or GS. As you know, our operators are scheduled to bring GM public again, in order to further enrich the already deep pockets of our institutional client base. You, as an honest tax paying American, must tell friends and family to buy GM cars, so that our institutional client base may sell their newly minted IPO certs at a handsome profit, as dictated by none other than Emperor O’Bama, Lord of the Saviors of America, Chief Indian of the Welltodo Tribes.

Precipitously,

Anonymous

[youtube:http://www.youtube.com/watch?v=IhafyxV1Res 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

21 comments

  1. jg

    FIG

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  2. ctb007

    Government Motors Part Deux! Maybe they will make some cool new Ally Bank Commercials Now!

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  3. Apocalypse Now

    Exactly, now you are talking on GM.

    My plan on my SPY calls is to sell tomorrow at roughly 10:30 A.M.

    POMO Pom-Pom days are back, next one scheduled for tomorrow.

    Next Tuesday, Thursday, and September 1st are also POMO days.

    I expect extra market pumping on POMO days and will trade accordingly keeping that in mind (not exclusively).

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    • Apocalypse Now

      10:30 AM Pacific, 1:30 PM Eastern to clarify.

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      • sailorboy

        way too zerohedge, dude. good luck with that.

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        • Apocalypse Now

          Thanks for the kind words boy sailor dude, but ZH would probably not encourage long strategies. In 2009, POMO trading was one of the the most reliable trading strategies. Yesterday continued the streak of up days on POMO days.

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  4. JakeGint

    I am reluctant to give Gov’t Motors credit, but those new Buick Crossover SUV’s ain’t all bad.

    _________

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    • duck

      The new lacrosse isn’t bad either. They finally just took one of their european cars and didn’t completely butcher it

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    • OMeizer

      I wonder how many Buicks Tiger Woods screwed those white trash girls in… since they were his primary sponsor at the time. GM blew $8MM a year on that… and he didn’t even drive one in Florida the night his wifey put a golf club through the window. At least they could have ended with one last plug.

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    • alphadawgg

      So solly, but Gummit Motors sucks drive shafts.

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  5. TraderCaddy

    CNBC doesn’t know what it is talking about
    Very easy to predict market moves.
    Either up or down.
    Go to the track and you about ten choices.

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  6. TraderCaddy

    That video was very “Shaft like.”
    Gives new meaning to jelly filled doughnuts.

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  7. Weezy

    After BX screwed me with their IPO never gain will I be a sucker.

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  8. BeCareful

    LOL!!!!!!!!!!!! Hilarious!!!!!!!! Heading goes PERFECTLY with Obama pic!!!!!!!1

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  9. logicalthought

    lol… “Donuts don’t wear alligator shoes.”

    Not to look for too much logic in that scene, but how come he was able to shoot and kill the guy in the donut suit, but yet the same suit gave him a bulletproof shield against the mafia guys? Or am I, perhaps, over analyzing this?

    (Short SPY, but no positions in KKD)

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  10. Dirk Diggler

    I was listening to that retarded “I wanna be a Billionaire” song on the radio, and the guy raps about giving more money to katrina victims than FEMA and shooting hoops with the president…

    Better make that 1B quick homie. What’s the countdown to the end of BHO’s term?

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  11. Bin

    Look at TLT in 2008. From Sep to Nov we had three volatile advances (tops if you will), then a massive breakout to commence an epic run-up in t-bonds. Meanwhile, the equities market, aka as the bonds market’s retarded brother, decided to commence its own rally for a month and a half. We all know how that ended for equities.

    Dips may (or may not!) be bought for a few seconds, but the smart thing to do with such high level of macro uncertainty is to sit in cash. At least that is what the smarter investors are currently doing, cutting exposure and waiting. If an enduring rally commences, there will be plenty of time to get in.

    http://www.businessinsider.com/soros-cuts-and-runs-from-stocks-yet-remains-bullish-on-the-ultimate-bubble-2010-8

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  12. Trading_Nymph

    Just fustrated today, I post on my newest toy on Breadth in the Peanut Gallery last night and I do a simple Math Error which messed up all my numbers….it was Advance -decline Volume = 300,000,000 for resistance, not 30,000,000….I really should move it to a computer setup vs me and a pencil…just fustrated.

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  13. Noob

    black dynamite=amazing movie

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