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

Build More Pyramids

Those stupid fuckers in Egypt are fucking up my mojo here. They need to get there asses over to the desert to build more tourist destinations, aka pyramids. While the pyramids at Giza are nothing more than child play, compared to the unbelievable at Puma Punku, they are still defying the will of Ra, as well as VP Biden, by protesting. Having said that, I am not a stupid man. As a matter of fact, my brain can store more information that your laptop.

I sold out of my largest positions, TEX and PH, due to the ongoing developments in the middle east. It is my belief that news like this, of the surprise sex variety, can cause a domino effect, raping stocks merrily along the way. But, I am loving EXK here. As an aside, I sold out of OPEN and C too.

Once all of these idiot nations fall to the sword of Ra’s enemies, gold and silver will soar, as it is a safe haven currency. Look no further than the dollar soaring today, alongside oil/gold/silver.

I upped my cash position to 30% and will up it some more, should this market continue to melt down.

Howsoever, I have a keen interest in twisting my blade into the short sellers of BORN. With 30% cash on the sidelines, I will make sure they enjoy no respite.

Good day to you.

[youtube:http://www.youtube.com/watch?v=qh-4-R3GX-I 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

97 comments

  1. Woodshedder

    If this works itself out over the weekend, monday will be a dip-buying day.

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

      not so soon my good man,its not over till they do the teboleh,and if they cant get da wheat,der will be fightin in da street.

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

      Eqypts ruling party headquarters now in flames. Scratch my comment about things working out over the weekend…

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

        all spy sats are in play,this is gonna be bigger than what is being lead to believe. i say brace yourselves,all the pieces are coming together now,and why the naz has been acting shit weird for the last week.

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

    Look for the Bangles to come out with remake.

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

    That pyramid line is too funny!

    Shovel ready projects didn’t do jack for the US.

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

    how glad to see you got rid of that over used tampon c

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

    Are you perennial bulls and flip-floppers gonna become believers in my BIG market calls?

    Like my calls this week for a RETREAT? I am seldom to NEVER wrong. Much to your chagrin.

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

    Poof! Your bullshit Suez Canal will be closed.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Teahouse On The Tracks
      Teahouse On The Tracks

      How … hands across the Suez?

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

        Don’t the Brits control the Suez?

        _____

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • go2mars

          Every crazy mo-fo with a border nearby controls it. But it won’t be closed long to oil shipments if the US has anything to say about it. They’ve been known to take the gloves off when someone messes too much with oil supply.

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

    Watch the Al Jazerra live English stream…
    http://english.aljazeera.net/watch_now/

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

    are we in FAZ mobile territory?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Music Guy

    http://www.youtube.com/watch?v=D5qT2C_Ggpg&feature=related

    This is the best song to jam while watching the riots.

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

    So Obama really is the new Jimmy Carter…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. TheV.King

    bought 5,000 more IDCC

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. The Fly

    WHERE ARE YOU DICKSUCKERS WHO DOUBTED THE PPT’s ZSL OVERBOUGHT READING NOW?

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

    nailed the oil trade today .. up over 8% today 🙂 thanks egypt.. but in all seriousness i hope the egyptians topple that regime… great coverage here ( because us news blows chunks )

    http://english.aljazeera.net/watch_now/

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

    I did comment on the Mid East situation last night and I said to beware.
    What is not being shown is that there are now demonstrations going on in Jordan demanding the PM resign.
    As I said before, Israel isn’t going to stand around with their eyes closed.
    Any vacuum in the Mid East will be filled by radicals like the Muslim Brotherhood.
    The idiots do not know the meaning of Democracy, never have and never will.
    And our Government is clueless.
    The good news is that QE3 now may be around the corner.

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

    International oil is taking it in the shorts, especially TOT.

    Domestic producers like WLL, BEXP and KOG much better.

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

    why after 30 years is this shit all of a sudden a problem? could it have anything to do with the rising price of commodities caused by the Americans?

    the Jews and Americans are laughing their asses off right now

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

      The “Jews” are Americans dirtbag.

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

        Shut up or get banned

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

          you faggots should take back your country but its too much hard work to put down the big mac

          instead of throwing them out you bailed them out and cemented their hold

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

        Add Luciferian dirtbags to the pile.

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

        You need a comma there, friend Steve… I think your comment may have been misinterpreted by Le Monsieur.

        And I believe you misinterpreted above’s comment, he meant Israelis, I believe.

        No harm, no foul.

        ___________

        • 0
        • 0
        • 0 Deem this to be "Fake News"
      • Alvari40

        splain yourself Steve. Either get the fuck banned or be redeemed.

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

          It’s not that difficult, just insert the comma.

          And maybe an italics for emphasis:

          “The Jews are Americans, dirtbag.”

          Steve is Jewish, so you should have understood that right away. And who gave you banning privileges, anyway, Lungsac?

          ________

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • Alvari40

            I wasn’t looking for you to explain it – thanks anyway. Are you one of those guys that walks into conversations and take over the discussion based on what someone else started? Skunk.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • go2mars

            “Skunk”. I like that insult. I might steal that from you and start using it.

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

            I’m trying to keep the peace, you abusive troll.

            Now, why don’t you leave Steve alone and fuck off again?

            ________

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Alvari40

            Bite me you Napoleon Complex Dickwad.

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

      thats not right,the same will happen here,give it time.the unwashed think it could never happen here. just fool themselves by what they are told.

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

    The Riots are sooo much the Clam’s fault, yet he won’t ever see that. Dig under all the political stuff and it is bottomline a Food Inflation Issue…when people are hungry they don’t care anymore. This started around the neighboring areas earlier this year http://www.thedailynewsegypt.com/economy/egypt-eyes-inflation-as-algeria-tunisia-are-mired-in-food-riots.html , Trivia, remember tianamen square…I always thought it was political, nope digging deeper it was Food Inflation…which amuses me cuz the guy standing in front of the Tank looks like he is holding shopping bags.

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

      How funny would it be if this Egypt mess is what pushes the market over the edge for good? Wouldn’t that be hilarious that you watched Indian iron ore billets and Chinese copper stock piles for two years only to be upended by some rock throwing Egyptians?

      If you think about it it should have been obvious to all of us. The Middle East has been the source of shit storms forever. Why didn’t we see this coming? I blame that stupid bubble in China.

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

        Now that was funny.

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

          lol…Actually the Iron Ore hitting its ALL TIME HIGH on Monday on India/China spot, billets having no buying going into the holidays at the china ports and Copper ubber highs are all the same theme, commodities can move up only to a certain point then the people that actually need the stuff vs speculators take over and stay out of the market because its too high….same theme/thesis….actually we still have to wait to see if China restocks when they come back from Vacation, that is the bigger Market event imho. Will China pay up at these levels? History says nope…will see.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  18. TheV.King

    Fly PLEASE let me respond to trading nymph….just once.

    ALSO

    JakeGint says:
    January 28, 2011 at 12:07 pm
    Ugh… did you see that piece in the WSJ last week? About the number of live births vs. abortions in the NYC (5 Boroughs) black community? Over 1,400 abortions for every 1000 live births. WTF??

    How come no one is talking about such atrocity?

    The Great Society may very well become known in history as the most evil legislation ever passed in the U.S. Just astonishing.

    EGG SAC LY [sic]

    The V.King 12 votes away from tabbed blogger

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

    The big question is do we consider this a dip to buy or a dip to ignore? I’d say it is something to ignore. If Egypt continues to get uglier over the weekend Monday could see a dip twice the size of today’s. Despite being tempted by a few names, I think I’ll wait out the weekend 40% in cash.

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

    Based on the delta divergence,

    There have actually been more buyers than sellers in the ES all the way down today. That should be good for at least a 10 point bounce into bell–in the SandP500.

    http://chart.ly/ulxn3kg

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

    I’d like to build a temple to Lucifer and the pagan Earth Goddess and then build shelters for the communitarian villagers that will build all of this.

    Anyone care to make a donation?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Elton John Wave Theory
    Elton John Wave Theory

    So what does the almighty wave theory say about Black Swan events that are unfolding in the Middle East….

    LOL

    Who’s POMOing who?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Carsony ricearoni.
    Carsony ricearoni.

    Maybe i’m a idiot…..but i will not sell. One years out I am looking…how many times did we jerk in and out of stocks last year like a freaking weasil…stay long and stay cool I say…be a rabbit on crack and I will be a turtle on steroids!

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