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
23,446 Blog Posts

The Mother of All Black Swans is Upon Us

Ladies and Gentlemen, regrettably, I am here to inform you the end of the world aka “The Mother of All Black Swans” is upon you. You will make a glorious amount of coin shorting stocks, and comically find yourself incinerated, all at the same time. You will be like “oh shit I’m rich,” then in the very next second you will get smashed in the skull with a cinder block, just prior to burning down to a cinder. It’s the comedy of all comedies, dying while at the apex of life, emotionally.

As for me, fortunately, I’ve secured proper seating inside of Space Station #3, located just north of Greenland. I depart tonight, by zeppelin, and will be blogging from there until you are reduced to a pile of ash.

Good night.

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60 comments

  1. Jakegint

    Is this because of the IMF guy getting caught w. his johnson in the maid?

    __________

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    • superpositron

      He’s French. It aint his fault.

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      • Blind Read Ant

        Why isn’t anyone talking about Mass. witches, “Blair Witch Projects,” issues of consent, intent, habit, presumptions of innocence, etcetera? How many Africans and Middle Eastern “leaders” get such scrutiny? Polygamy is the rule, there, where dissidence results in organized murder.

        In America, we jail men for probable consensual contact with women; modernly, we arrest grown, sophisticated men, presuming guilt? Nonsense.

        As a great philosopher once said: “About that which one knows not, remain silent.”

        Further, a brilliant lawyer once said: “Until the axe or guillotine shall fall, they know not the full intent of law.

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  2. lindsay

    those pipes were a pretty good tell

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  3. Bud Tender

    actually, the end of the world is next week

    http://www.ebiblefellowship.com/outreach/tracts/may21/

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  4. Hugh Hendry

    Do the motherfucking Hugh:
    http://www.youtube.com/watch?v=-io-kZKl_BI

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  5. anonny

    Monday we go past the debt ceiling as Timmy’s $56B buy of debt last Tues/Wed settles on Monday. Once that happens, we may be in BIG TROUBLE. Default????

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    • Thomas

      This is my understanding as well. If Congress doesn’t act set a higher ceiling, we’re going to have to either: 1) Raise Taxes really high OR 2) Default. Allegedly Default will set the world in a tailspin and possibly crash the market. At least that’s what the cnn article I read postulated. In reality, I know nothing.

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  6. anonny

    Timmy already planted the seed in the news this weekend that if we don’t raise the debt limit, then here comes the double-dip recession. Yeah Timmy, stoke the fear!!!

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    • kilroy

      What we need is “IMF stimulus”. Oh wait, never mind…

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  7. arizonaborderguard
    arizonaborderguard

    Did anyone get the part of that blog that made sense?

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  8. SEKEHEIL

    I think he described a massive whipsaw taking out longs and short both of whom wont have time to cover/cash out is where the burn comes in. You are emotionally charged with no time allowed for even paralysis as the first drop occurs, then while you are still charged emotionally you get smashed with the block meaning margin calls and just soon after you liquidate Fly shorts the double top retrace set in at the first fifteen minutes of trading which all this took place.

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  9. Norcal

    WTF ?

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  10. Quiet Storm

    Cum(sic) next week, my surname will become “Hunt”

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  11. Baron de Rothschild

    Maybe the end of the world will not come on May 21, 2011. Maybe there will not be a great flood of the Mississippi, wiping out US oil refineries. But, if there is, STO might be a buy.

    As far as massive shorting goes, the world will end in a wave of counterparty defaults. You can short, and your shorts can be right on the money, but there will be no money to collect. Lloyd Blankfein told me so, and he knows, because he is does “God’s work”.

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  12. razorsedge

    and besides that huckabee isnt running, still safe in my concrete house. my boat is secure, my faith intact,

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  13. johnson

    I think he measns that if you dont close your shorts out with some kind of discipline you will be in trouble. Also if the lower stock prices are caused by natural catastrophe rather than the business cycle then you will make money being short, but may, ironically, suffer physical harm.

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  14. razorsedge

    the this horse fly walks in to a bar and the bar tender says , (sorry old joke)

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  15. J

    There are so many black swans out there, I’m not looking for a white one.

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  16. heaterman

    Nay and forsooth Sir Fly. The coming of the best shall soon be upon us. So saith the wizards at the Goldman Sachs. Your Merlinesque leanings and time machine not withstanding………..

    http://www.bloomberg.com/news/2011-05-13/goldman-s-o-neill-says-black-swan-fears-overblown-stocks-set-to-rally.html

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    • Xmas Ninja

      I call your forsooth and raise you a yeah verily. But seriously, when it all hits the fan there will be much running to and fro and gnashing of WNRs, don’t ya think?

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  17. Baron de Rothschild

    Not since Clinton smoked a Lewinsky cigar has there been a blowjob heard ’round the world–until now. It appears as if the IMF’s Strauss-Kahn’s pickle has gotten him in a pickle. Here are just some of the comments making the rounds:

    Senator Larry Craig commenting on the Strauss-Kahn incident said, “Trust me, you can’t force anyone to give you a blowjob.”

    However, officials stated, “The maid was brought by EMS (emergency medical services) to the Roosevelt Hospital, where she was treated for a minor case of whiplash.”

    Greek Finance Minister George Papaconstantinou chimed in, saying, “It’s about time he got caught. He and his his fellow financial fellatio forcing felons at the IMF have been sodomizing our country for years–Greek style.”

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    • razorsedge

      thanks for ur posts, ur creative and funny as well as informative..

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      • flyaway18

        Mark, are you for real, LOL!
        Baron is a horse’s azz.

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        • drummerboy

          ha ha ha lol what up vj

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        • razorsedge

          i thought this post was funny, though the facts were made up, it was informative.

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        • Baron de Rothschild

          It doesn’t seem to matter which name you post under, because you are the same ignorant pus belly under each one. I find it most amusing when you back up one of your childish posts by using a a different screen name to pretend that you are a different poster. However, rather than giving your previous post any validity, you end up compounding your ignorance. I’m still waiting for you to use an appropriate screen name, like “pissant”, for instance.

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        • Baron de Rothschild

          Is it just coincidental that “J” and “flyaway18” use the same spelling “azz”, for the word “ass”? Is it coincidental that flyaway often follows a post by J with some kind of confirmation of it’s brilliance? It would not be surprising to find out that J, flyaway 18, and even the gay alter-ego character, Mango, are all screen name fruit from the same the same family tree. That family tree has no branches.

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          • flyaway18

            Nope, I am neither J nor Mango.
            What really annoyed me was your arrogant post last week in which you described how some local businessmen knocked on your door seeking loans in the thousands for whatever mishap of finances had befallen them. I called you a pompous azz back then. My opinion hasn’t changed.

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          • Baron de Rothschild

            Flyaway18/J/Mango, hey, dude(s), I’m not the one who stole your Clearasil..

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          • flyaway18

            Good Lord, let’s just end this silliness.
            It’s ridiculous to criticize anonymously via the internet,
            so I apologize. I don’t want to waste my time focusing on the negative.

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          • herb grummond

            Baron de Rothschild your finetuned sense of smell guided you through years in the family vineyards. smelling some rancid grapes on this blog should be childs play. you have no idea how close you are getting

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          • flyaway18

            herb,
            Don’t take neither yourself nor the comments made on an internet stream so seriously.
            They are simply people’s opinions.

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          • herb grummond

            when it comes to talking about $$$ I take it very seriously

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  18. flyaway18

    Now I know why all the high school proms were scheduled before May 21;
    Men’s Wearhouse is a screaming buy based solely on its sales of tuxedoes for the prom
    as well as the end of the world and the many funerals that will ensue as I know
    there will be survivors Will Smith-style who’ll want to bury the dead in a respectful manner.
    I won’t bother getting my car fixed on the 19th if I am dead two days later.
    As for the market, “It’s a Bull Market, you know,” just manage your risk and get out of the kitchen if you can’t stand the heat.

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    • drummerboy

      lpx = caskets. i remember someone sayin to me a few yrs back why i was buying it. hahahahahahahaha.

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  19. Bullish

    Has Fly been reading too many subway signs?

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  20. Dishobgyn

    Bravo, bravo, Mr Fly. Bravo
    QE2 is ending and market is going to take a dive. As soon as shorts feel comfortable feel comfortable with the trend, smach here xomes the clam with QE3 aka spaceship 3

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  21. Frog

    Fly, were any of the above translations of your post correct? Dishobgen’s perhaps?

    Or would you be willing to translate your post yourself, since apparently most folks couldn’t make heads or tails out of it?

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  22. arizonaborderguard
    arizonaborderguard

    Whatever black swan event Mr Fly anticipates won’t commence for at least 3-4 days. From NYC to somewhere north of greenland is at least 3000 miles. Travel by zeppelin is notoriously slow. Godspeed Mr Fly.

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  23. arizonaborderguard
    arizonaborderguard

    Mr Fly, If you ever plan on returning from north of Greenland by zeppelin, please do not land in Lakehurst. It has a bad track record for zeppelin landings. http://www.youtube.com/watch?v=F54rqDh2mWA

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  24. pitbull

    Look Man, We Know Greenland is where the Portals to the inner Earth are..Your going inside the mother not in outer space..Be Real..

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  25. Trading_Nymph

    This is NO BLACK SWAN…Black Swans come out of no where. This ugly thing has been growing for over 2 years and nobody cared……oh, oh…actually I think finding the cure for aging after spending your entire life searching, then having a nuclear bomb drop is the mother of black comedies…..this puppy is going to get a bit ugly…

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  26. ruggyup

    While multitudes of morons dither themselves over this charade I shall be aloft in my hot air balloon cruising comfortably past Fly as his zeppelin fails to stabilize in the tail winds propelling me at sub sonic speed towards the shore of Greenland where, at an altitude of 17.5 meters, I drop a molted Black Swan into the gorgeous waiting arms of Ms. T Nymph who has already ransacked the tundra for firewood fueling the ritual bonfire to incinerate the Black Swan. No one barbecues and eats Black Swan. Upwind of the burning feathers, T Nymph will be hosting a beverage fantasy land where we will all be entirely in our cups when Fly arrives late for the festivities. Personal evaluation of cups is denied this serious drama.
    TS Fly

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  27. Carsony

    This market is no more than a healthy pullback, at least for now. Unless the Feds forget what got us in this mess and raise rates to soon then we tank.

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  28. Marc David

    No Black Swan events.. if anything.. we get a nice dip tomorrow.. putting us in the 2.5x range and we are back to getting Overbought.

    And you said I drink a lot of coffee! It’s all good Fly. Tomorrow isn’t “the day” any more than any of the other Monday’s since QE was introduced.

    Besides, 2012 is coming up.. election time. The games will continue until Obama is re-elected. He’s not going out crashing the DOW back to 6500. No way, no how.

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    • theedge111

      Thats what the Republicans said in late 2008 before the last presidential election.

      How did that workout?

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      • Marc David

        Correct me if I’m wrong, but Bush was finishing up his 2nd term. I think it was done, toast.. who cares at that point.

        Obama isn’t gonna get re-elected if he cannot prove that he’s done all this good for the economy (phony or not).

        No double dips. No huge OMG sell-offs. No black swans. Every time you think this can’t go on any more.. it will. When you think this is it! It won’t be.

        Too many people lining up to think when QE2 ends.. it’s over! It’s simply not that easy.

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        • theedge111

          Marc

          I tend to disagree. They will have things setup to keep the music going for awhile when QE ends but the money isn’t there to sustain it.

          I think the Fed wants another collapse because it will give them the policitial will for QE3.

          Not saying we go back to 6500 but I see plenty of OMG sell offs in the near future. Europe, The Middle East, and our own shitty economy will create plenty of mini crashes after QE2 ends.

          We’ll see how it plays out.

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  29. wilmer

    2 people who need to start posting again, preferably in the PG, but anywhere will suffice:

    1. J0sh1ngU
    2. Noodle

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  30. fasholes

    this guy was written up in barron’s the other week for his silver short. i was wondering about him a while back – apparently he’s da bomb.

    http://www.marketanthropology.com

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    • Mercurial Mazzocock
      Mercurial Mazzocock

      I think the guy is a shill for central bankers. His technical analysis is heavily skewed to make silver look like garbage. This appears to be intentional.

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  31. Mercurial Mazzocock
    Mercurial Mazzocock

    The Black Swan MILF is upon me and I can’t keep it up.

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  32. Colonel von Ryan
    Colonel von Ryan

    QE I and II did not work. We still have 10% unemployment and real estate problems. The economy is flat-lined with anemic growth. It’s up to businesses to pick up the slack and so far they are unwilling to do so thinking that they will be saddled with burdensome health insurance taxes. It will take the new administration two years after Barry Sotero is gone to fix the economy. 2015.

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  33. Mercurial Mazzocock
    Mercurial Mazzocock

    Central bankers need to make a case for QE3. The only way to do that is to destroy the commodities markets and equities, to prove they didn’t go up due to inflation. So they will take them back down again.

    Then we will get QE3. Then everything will explode upward again.

    Get prepared to short everything.

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