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 Meatgrinder

I get the feeling this market is about to chop people into tiny little pieces. Had you hedged last week, via SCO, FAZ or SRS, you lost money. If you were long big cap leadership names, you lost money. It seems we are entering “the uncertainty zone,” where people fuck themselves inside of meatgrinders.

You can try to avoid the meatgrinder, by way of larger than life cash positions. However, you will be lured back into stocks, because they’re so fucking cool—effectively fucking yourselves again. I am starting to hate stocks again. I notice my sensibilities get offended very easily when the tape gets hard. Like a spoiled brat, I like to make money and do so  with EXTREME REGULARITY.

Do not question my decision to WRITE IN CAPS, out of nowhere. I am NOT OBLIGATED to ANNOUNCE when I will write in caps, for this is my website and you are NOTHING more than a “reader.”

Playing this tape is equal to eating some sushi with tonnes of wasabi on it. It’s a spicy taste.

As I sit here, gawking at my 60 inch sammy, watching the fucktards on CNBC, I am reminded of how stupid this business is and how much I hate it. If I could make $3 million per year killing people, I would do that instead. However, sadly enough, there are no jobs on the fucking market now, willing to pay me $3 million per year, so I am stuck doing this shit.

In closing, I’d give you some picks if I was sure about the direction, but I’m not. I want the market to go up, in order to smash idiot bears to pieces. But, by the looks of pre-market activity, this market may trend lower today.

Pray to God and other mystical beings that “The Bearded Clam” bails us out today, as he is apt to do when we least expect it.

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24 comments

  1. Po Pimp

    SCO was up 5% last week.

    Word.

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  2. Hit Man

    You can make 3M killing people… Please inquire at [email protected]

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  3. JakeGint

    HOW WAS YOUR VISIT WITH THE KIDS TO SAINT FRANCIS UNIVERSITY?

    ___________

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  4. drummerboy

    fuckin tape has been snortin rittailin lately

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  5. EV

    Turns out the Hu Dat Ho had some interesting officers in the entourage last, including

    Corruption Officer (female): Bhang Me Tuot
    Corruption Officer (male): Wong Ho Fo Dong
    Fitness Officer: Yu Wei Tu Fat
    Officer at Large: Gung Fi Sheng

    and most importantly,

    Chief Investment Officer: Long Fat Dong

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  6. Dr Genius

    Smart money is selling this junk right now. Just relax and wait to buy off bullish suckers’ margin calls.

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  7. Mick

    Dump MOTR yet… heading to 15

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  8. TMoe

    AMZN keeps falling. another beautiful day for the feb 180 puts I hold

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  9. Dan

    MOTR what the hell is going on?

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  10. logicalthought

    >>If I could make $3 million per year killing people, I would do that instead.<<

    Funniest line ever!

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  11. SteveTheNeighbor

    “January 23, 2011 at 1:49 pm
    Okay. A couple of “free” picks from my premium service makinggeltwith steve.com. But, if you want the whole story you will need to subscribe via pay pal. I learned this trick from Neighbor Fly. Packers over Bears by 7. How can you argue with Bart Starr, Forest Gregg,Paul Hournung, and of course Vince Lombardi.
    Jets fans- do not plotz but it looks like the Steelers by 10. It will be kept close until the fourth quarter only because Joe Namath and Terry Bradshaw will both play well. But, Joe Greene, Franco Harris, and Jack Lanbert will play well.”

    Thanks to my picks yesterday I have picked up one more subscriber to my site makinggeltwithsteve.com.
    Mrs. Fly has bought a second subscription for a present for Fly’s birthday.

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  12. Juiceyfruit

    Funny 😀

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