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
23,445 Blog Posts

WHOOSH!

Easy come, easy go.

Get your popcorn ready.

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26 comments

  1. scott

    Again?

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  2. Yogi & Boo Boo

    Heee’s baaack!

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  3. iSpankLoin

    Or…. As Al Bundy used to say Baaaaa Whooooosh

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  4. sdsurf

    good sir,

    any way you can post the PPT oversold/overbought chart for us pikers out there?

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  5. Trading_Nymph

    I love popcorn….btw Alpha on the other blog…thank you…you will not believe it, but Southern on Rev Sharks blog gave me almost the same advice in April 2009 over china…

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  6. Russian saylor

    Pure fuckery….. Russian roulette style…

    buy gold… a lot of gold… tonns of gold….lmao

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  7. MarshalN

    USD tanking like a mofo today.

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  8. alphadawgg

    The Fed is sealing our fate. The Bearded One is being too accomodative, which will end up biting us in the family jewels. If they want a flatter yield curve, just raise the short term rates. Death to QE2 and the horse it rides in on.

    I hate to admit it, but Jake might be right about promoting a leprechuan pot o’ gold strategy.

    http://www.wheredagoldat.com/

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    • JakeGint

      Theory #3 — There is a pot of gold under the leprechaun tree. – Many visitors to the leprechaun-tree site seem more concerned with the possibility of uncovering gold than with actually seeing the leprechaun. One local citizen is planning on uprooting the tree via rented backhoe in order to determine if there is in fact a pot of gold under the tree. This plan has been delayed several times due to funding issues. An application to obtain Economic Stimulus funds for the project is pending.

      LOFL.

      ____________

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      • alphadawgg

        LOL! Yeah, I thought I heard and seen it all.

        Unicorns might also be a solution for this economic crisis. I don’t know how, but anything is possible in the mind of the proles.

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  9. Shunsmuse

    Bounce…. Mr. Market has it’s orders from the NGM’s (Nice Government Men).

    It appears that we’ve evolved out of Robo-dome, and are in the seventh dimension of Chutes and Ladders. It, at the moment is a very technical market, where retailers are being herded like sheep at every level of support and resistance. Of course, squeezing all the flat footed first.

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  10. JasonCA

    Pffft…if this is all the bears can muster than woe is them. IMHO, good chance we have one last super-spike that sends BEARS jumping off of nearby tall buildings. Don’t discount that possibility.

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  11. mrkcbill

    Never a signal for inflation or hyper inflation….it will happen when people panic and want to take savings or bad money and start buying HARD shit with it….slosh slosh…..Erin Burnett or Anthony Sarramucci [sic] will not be able to give us the signal. Even folks with Gold Pebbles will suffer…scary.

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  12. Russian saylor

    fuck pop corn.. I prefer Bear meat Stroganoff….

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  13. panamaorange

    Iran is blaming bombing deaths on “anti revolutionary” forces–which is a roundabout way in blaming USA.This should give support to the dollar AND oil at the same time. As a result, we could be headed for more trendless chop here.

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  14. Ben Bananake

    Can you say RALLY TIME! Buy the dip bear shitters – we’re going to 1350 by March 2011!

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    • Name

      Banancake, how do you know?

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      • Ben Bananake

        No one knows anything anymore. The way I see it is that if this market doesn’t break through 1130 convincingly (I haven’t given up yet) by tomorrow and doesn’t go down from there the bears are done until Feb-March of next year. With POMOs and QE 2 we could certainly see new highs even with a contracting economy and lower profits. I’m with the Fly though, it should pull back at least into early October with another QE rally after that.

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