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
23,447 Blog Posts

ENTER BEARSHITTER

I’ve decided to become a bearshitter today, while eating carrots and watching the teevee. Don’t worry, my condition will not be permanent, as I too am bounded by certain mathematical laws. However, if there is ever a proper time to be a bearshitter, it is now. Having said that, I hope you are viewing FXY and TLT through your bifocals, man, because that action has “NAGASAKI NOW!” written all over it.

We simply cannot rally with the dollar greasing its way higher. And, furthermore, we are more likely to get smashed like a plantain in a Dominican restaurant with TLT ripping tits off to the upside. Remember, the answers to this game are easy to find; you have to know what the questions are.

I’ve taken the liberty to add to my TZA position in the low $32’s. And, as you know, I sold out of many of my longs on Friday—in order to let my VXX run. For all intents and purposes, The PPT flagged OVERBOUGHT this morning, with a score of 3.14, after closing at 3.09 on Friday. While it’s true, the OVERBOUGHT signal has been less reliable than the 100% accurate OVERSOLD variety, it is still a tool of mathematical precision.

In other words, prepare the to be awed again, as HORATIO CLAWHAMMER pisses rain on his enemies from his citadel.

Top picks: VXX, TZA

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19 comments

  1. Dubz

    Let us hope so.

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  2. Tradermark

    Russell 3000 stocks returning 100%+ year to date, a handful up 200%.

    http://www.fundmymutualfund.com/2010/09/russell-3000-stocks-which-have-returned.html

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  3. J

    Anyone read carefully the WSJ piece about the European banks re the stress tests? IT seems to me to be trumped up bullshit. The piece at first suggests that the banks hid certain parts of their balance sheets that held the dodgy securities but further reading showed that it was all crap and nothing to be really alarmed about.

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    • The Fly

      The Euro banks are scamming, just like us. What’s so confusing?

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      • Yabollox

        The Euro banks were less hybrid-hedge funds than the US. They kinda stuck to being commercial banks. Glass-Spegal was our friend. They shoulda put it back in force rather than a 2000+ page finreg bill.

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  4. john

    The fact that now ur shorting shows how ur a fuckn idiot constantly flipping sides entering to early as usualy. I am the same fuckn guy who has been right 100 times over and u been sucking my dick trying to stop me from posting. Once again ur a complete idiot shorting now as u will get squeezed higher. Ur turning into a day trade shitter

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  5. Jim

    Fly is like a circus bear riding around on a unicycle while wearing a birthday hat

    he needs to perform for us else risk getting shot and used for dog food

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  6. Trading_Nymph

    I do love eating mini carrots….and watching TV.

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  7. venter

    Jim, if you don’t have something to say that relates to me and the other readers “Banking More Coin” then fuck off and die, nobody has the time to figure out this cryptic bullshit. Kindly go fuck yourself!

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  8. Jakegint

    You pee rain?

    That could come in handy in a shipwreck situation…. Are you a Freman warrior?

    ________

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  9. TheRealWhoresofNewJersey
    TheRealWhoresofNewJersey

    It was fun shopping with you at the mall this weekend Fly.

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  10. Yogi & Boo Boo

    Is it October already?

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