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
23,428 Blog Posts

Held Without Bail

The market is guilty until proven innocent. I managed to limit my losses to just 0.6%. However, they are accumulating, setting up for my worst trading year since 2000. As the Gods would have it, I imagine a managed annual loss for Le Fly will follow up with the end of the world as we know it. This market is going “African mask” on novices waiting for POMO.

Regardless, I’ve taken the liberties to secure my personal wealth, invested in ancient artifacts and lithium mines.

In the market you and I have in common, I’ve hedged my silver losses with ZSL. For my personal account, I own WNR and loads of ZSL—that’s it. I’ve been buying TLT, heavy, while saying “fuck your debt ceiling” — two middle fingers in the air, checking the weather.

More losses tomorrow means someone gets hurt, kicked down the stairs—tumbling down to the ER.

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45 comments

  1. Geoduck

    Chamber maids rule!

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  2. razorsedge

    soros and icon raising cash?

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  3. Baron de Rothschild
    Baron de Rothschild

    “I’ve taken the liberties to secure my personal wealth, invested in ancient artifacts”

    If you hurry, there is still 40 minutes left on EBAY to bid for Dominique Strauss-Kahn’s stuffed and mounted head.

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  4. razorsedge

    tza all the way

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  5. fasholes

    I’m telling you this guy is freaky with his calls through Twitter. Called the silver crash hours before each turn. His hand is bound to cool, but its white hot right now.

    http://www.marketanthropology.com

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    • go2mars

      Jonti, is that you?

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    • go2mars

      btw, Please kindly quit posting the same fucking link every 2 weeks. Thanks.

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    • The Fly

      If you want a link to your blog, just ask for it.

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    • Duncan_McCloud
      Duncan_McCloud

      The guys over at Gann Global called this shit a month ago…hours before..hahaha…please

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      • fasholes

        uh – last time i checked hours before beats a month before in trading parabolic moves….

        I will stop posting the link though. Just trying to help.

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        • Duncan_McCloud
          Duncan_McCloud

          I guess it depends on your trading style…personally I like a longer time frame

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    • Frog

      He didn’t do so hot on his UUP trade today. But then tomorrow is another day.

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  6. Hugh Hendry

    I am the shadow beside your urinal.

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  7. panamaorange

    XLF and SLX opened strong. They only began to crash, when a low volume melt down began in the QQQ . And that low volume meltdown was largely accelerated by panic over Trump pulling out of the race.

    Republicans have no reason to panic. Unless Gas is much cheaper, and employment rates and housing are FAR higher in 2012. Extremely unlikely.
    Its very telling that the bears only seem to be able to assault one sector at a time, last few days. And when they do, all they manage is low volume selling

    http://chart.ly/wcr7xx2 a rise to ES 1338 could run 7 days of short stops.Heavy volume profile composite between 1335 and 1337 (SPX Futures) . In brief, if the bulls get us above 1336 or so, its a rocket ride to 1360 ES

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    • discoordinated
      discoordinated

      not to completely disagree, but many of the rallies since March 09 have been on low volume.

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    • arizonaborderguard
      arizonaborderguard

      Panic over not having a sideshow clown in the running….PLeeeez!

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  8. Carsony

    We all have been waiting for this market to correct.. Good names will get ridicuiouly cheap whats on your menu.

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  9. Dubz

    African masks all over again… The horror!

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  10. razorsedge

    GM has a new model out its called the URANUS. it runs on methane and offers a new, new car smell,but still gets shity gas mileage

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  11. Aristotle

    Say, has anyone seen Horatio Clawhammer?

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  12. dave

    This market will bleed out its ass like a certain hotel maid until QE3 is announced.

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    • Duncan_McCloud
      Duncan_McCloud

      I thought she had ‘whiplash”…not “whip lashes”

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      • Frog

        The guy is accused of sexually assaulting her in more than one way. If he is guilty, he does belong in ass pounding prison.

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  13. GYSC

    I have to look up short ETF’s, been a LONG time since I even thought of them.

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  14. TeahouseOnTheTracks
    TeahouseOnTheTracks

    http://online.wsj.com/article/SB10001424052748704681904576317022268762608.html?mod=googlenews_wsj

    An old Chinese Lotto Pick (XFML) gets kicked down an elevator shaft … The Fly escapes unharmed!

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  15. panamaorange

    Joe Terranova just predicted a bottom in copper JJC tommorow

    Someone tell him that copper bottomed on MAY 11th!!!

    I think his flux capacitor is malfunctioning again. He never should have installed it in his tanning bed.

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    • Trading_Nymph

      Actually copper topped during the Chinese New Year when it hit over 10,000 at the LME per tonne…its been moving down since. In 2008 China was building a Olympic village. In 2010 they were building the Worlds Fair…..in 2011, those low cost housing is suppose to be built by the debt ridden local chinese govt, which they ain’t. Monsoon season coming, auto sales falling. The Summer is going to see energy “saving plans” in China….this puppy is going lower. The only thing that has messed up my analysis is “Hot Money” (illegal foreign money in China to be lent), once that panics it is going to get ugly.

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      • Trading_Nymph

        And my cute little US Dollar went as low as 75.24 today and held support. It is just gaining power to take out that 75.80ish range….the Clam is on stage on Wednesday…that will be our KEY MOMENT of the week….be strong little dollar, you can smack down that clam.

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      • panamaorange

        Trump was the MOST anti-china candidate out there. His departure should actually be bullish for china stocks.

        Can you imagine Mitt “Ned Flanders” Romney trying to intimidate the Chinese? Or shove tariffs on them?

        All the more reason to buy some PWRD RENN YOKU DANG BIDU on any further dips.

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        • JakeGint

          Why would any conservative with even a rudimentary knowledge of economics ever want to “shove tariffs” on any country, never mind our biggest trading partner?

          ______________

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          • Trading_Nymph

            Not sure who Republicans will run…its a big mess, I am not sure if they even want it, lol. Anyway, I thoight the Clam was speaking after FOMC minutes, but it is Bullard not Ben…Ben spoke today, but just on how Govt should support R and D. http://www.federalreserve.gov/newsevents/speech/bernanke20110516a.htm …..for Tariffs, I am surprised that Obama hasn’t gone all protectionist on China yet…or China go all protectionist on us….imho, seems like they don’t need us that much anymore, or our stinking debt, lol. ouch.

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          • Baron de Rothschild
            Baron de Rothschild

            The Republicans can’t win against a man who delivers. Obama delivered Osama. and Obama delivered on change. Under Obama, the number of people on food stamps (SNAP) has changed to be up over 45 million. The real U6 unemployment numbers are probably up over 20%. Now that’s real change. And speaking of change, the country’s sovereign debt is up by trillions. Wall Street bonuses changed and are up to a record $154 billion, and it was just released that the high estimate on Obama’s personal wealth has changed and is up as high as $12 million.

            The Clinton’s didn’t reach $11 million until they were out of the White House and did 8 years of heavy influence peddling. It is doubtful that any President has ever achieved the kind of wealth the Obama’s have achieved after only serving 3 years in office. Obama has delivered on change we can believe in. Now what kind of republican can run against that kind of record?

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          • arizonaborderguard
            arizonaborderguard

            Two words about that….oreo cookie

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          • Frog

            Neither party has done anything for the taxpayers and citizens. They both just enrich Special Interest Groups. Obama just continued down the road Bush was on. So no matter which party wins elections, we are screwed– unless we or our families own a humongous corporation.

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          • arizonaborderguard
            arizonaborderguard

            We won’t be screwed if Ron Paul is elected.

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          • Trading_Nymph

            yep, 98% of all politicians are a waste.

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          • Cowtowner

            Just FYI, we friendly neighbours to the North are your biggest trading partner.

            http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_United_States

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  16. JakeGint

    Holy shit, you wanna laugh your ass off, regaurding (sic) this IMF sexual deviant?

    Read this right here.

    _______

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  17. Po Pimp

    European debt was supposed to sink us all in late January 2010. Then it was really going to get us in June 2010. No way we could dodge it again in November 2010. Now it’s going to send the world into a tailspin again. So what’s different this time compared to the other 3 times?

    Fuck this noise. The market is going to correct, then it’s going to bounce back like it always does. Now that doesn’t mean I’m loading up right here right now, but I sure as hell ain’t running scared either.

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  18. gumby

    126.10 on 30 yr bonds !! TLT Sell em !

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  19. pitbull

    Gap on 4/20 going to fill !! on sp
    go figure 420 space out gap smoking what on 4-20 ?? the sp[
    ..So thats @ 1313 ohh ya by Wendnesday !
    can u say PUT

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