iBankCoin

We’re Gonna Need More Coke

I got my cocaine trees blossoming in the backyard and single malt scotch flowing in the fountain, like water. I have my stocks displayed on a fucking jumbo screen, as if I was watching the fucking super bowl. Unfortunately, we are setting up for a May rape, just like last year. Naturally, whenever the market comes down, you little pigmy motherfuckers come out from the wood-works to eschew bitter nonsense. Check this out: I would rip your mouth from your jawbone if you said half of the shit that you write in the comments section here to my face.

I am awfully close to raising cash via quick sales. The upside to having concentrated positions is my ability to go to cash at a drop of a hat.

My advice to you is simple. Set aside your refined cocaine and think about worst case scenarios. If your portfolio cannot withstand a 25% draw-dawn, lighten up. As for me, I am sticking with some of my core holdings for the duration. The non-essential shit are subject to extreme prejudice and sale in between trips to the urinal.

The market has a certain stench to it, like garbage mixed with pungent cinnamon potpourri. The whole U.S. credit negative thing is a joke. However, it serves as an excuse to sell stocks. Couple that with the absolute chaos reverberating around the world, there is a chance for massive downside. Once again, I spit on massive downside, until I see it happen with me very own blue eyes.

Into early European trade, “The Fly” will be chain drinking cups of coffee, brushing his teeth, then chain drinking more coffee, courtesy of Colgate and Green Mountain Coffee.

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49 comments

  1. The Zombie

    The Fly is God.

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  2. Bullish

    FIRST

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  3. Alvari40

    I don’t like it when you get in this mood.

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  4. Goldie

    Personally I base all my investments on the S&P.. They totally nailed the meltdown of 08′.. Oh yeah, that’s right, they didn’t..

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  5. Marc David

    Yeah GMCR!

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  6. shootables

    Your writing style is familiar. Oh ya, HST. All you need to do is start using the words SAVAGE and PIG FUCKERS a lot and your parody will be complete.

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  7. Goldie

    Prediction.. Apple will announce during their earnings call they created an app that can turn oxygen into gasoline, instantaneously bankrupting the whole oil industry and making apple a multi trillion company by friday.. Get yer calls!!

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  8. The Zombie

    Simply sublime post, Dr. The Le Fly.

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  9. discoordinated

    WNR,GG, AKAM going higher I don’t thnk they need the SPY either

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  10. stinkystank

    There is ALWAYS a need for more coke.

    But you knew this already…

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  11. leftcoaster

    CDS’s on US Treasuries blew out 20% today. Its sort of a bs market (Saudi CDS’s trade at twice the level of US CDSs, and to my knowledge those arabs have no sovereign debt), but it matters.

    Corp spreads have been tight, and did not widen materially today, but its something to keep an eye on. If the big macro funds launch a bear raid, we should see the financials CDSs blow out next. Its not happening (yet).

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  12. jeremy

    Tim Knight said it is time to short .

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  13. JakeGint

    Sorry I was away all day and missed the excitement. Still concerned about the fatness of silver here, especially with the divergence in its miners…

    But I do love my Grandmama!

    ___________

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  14. shipwrecked&alone
    shipwrecked&alone

    Mr. Fly sir, may I interrupt your aquatic domestic construction project and marathon coffee drinking exhibition to call upon your vast wealth of knowledge by inquiring which substance found throughout this vast globe might be your favorite coffee additive?

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    • Po Pimp

      Real men don’t put any additives in their coffee. If you can’t drink it straight then drink tea like those Limey faggots.

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  15. Trading Nymph

    I can’t watch the european session open until next week. I gave it up for Lent, which is really hard for this Addict. Right now Shanghai Metal Futures are down big, including Copper. AUD weaker too, but that think is so hard to call a top on, such a crowded trade on the long side.

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  16. Mick

    6’4 – 242.. chicago golden gloves….. do not want me talking to your face…. go wnr

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  17. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I am doing some de-risking today and raising cash….would like to catch a bounce but won’t be taking any chances. Will still hold some core long positions.

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  18. Bullish

    Scaredy-Cats!!!

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  19. inandout

    For all your coke needs do not hesitate to call upon
    Ben “the Kilo” Bernanke, “8-ball” Obama, or for something smaller Tim “the Gram” Geitner will always deliver just got to throw him some gas money.

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    • drummerboy

      yea but its cut to shit, just like his dollah

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      • inandout

        It’s most likely cut with crushed: dollars , Bonds ,and Mortgage backed securities.
        I wonder who gave Tim the gas money today ?

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  20. kil

    l

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  21. Quint

    Watch how quickly the bulls swing back to the bear side in the II survey next week.

    This market is a bunch of HFTs and traders watching 5-min charts – even though it may really be the best buy-and-hold market of our lifetime….but no one wants to believe that.

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    • Frog in Dynamite Stick Car with Lit Candles
      Frog in Dynamite Stick Car with Lit Candles

      Well, some expert traders claim that the majority of players in the market are always doing the wrong thing, so that would fit.

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  22. FIG

    But whatever happened to the sure thing that is WNR? You were acting as though WNR is another FTK…

    We will find out this week if you were right I believe.

    I have a feeling you will be selling your WNR at a loss.

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  23. Rat Fink

    Dear FIG

    You are NOT ALLOWED to say that! That will get you banned, for sure!

    Please to demonstrate more respect, lest you taste the business end of Le Fly’s sword

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  24. ruggyup

    And speaking of Lent, it would appear that WNR is staying bent for Lent. Been there.

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  25. drummerboy

    seems like alot of some kind of fuckery going on. dont feel right. godamn the first hour

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  26. Mick

    tso up 2%… wnr down.. wtf

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    • drummerboy

      they are doing a fine job of suppressing the refiners and miners to a degree here. the first hour,suck in the bulls,then turn around and suck in the bears. best two face action i’ve seen in a few months

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