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
23,441 Blog Posts

Death by Dollar

Well, many of you cocksuckers wanted “King Dollar.” Enjoy it today, whilst your common stock portfolios get lit aflame and molested by homeless men. Thus far, the dollar is up a staggering 0.8% this morning, based on the growing prospects of Greek default and a potential downgrade of Italian debt.

Look you, I’ve been warning you for over a week to get to cash. You chose to act like a child and stay all in, despite the signs. You might as well spend today’s trading session on the 7th floor of Bergdorf Goodman, than execute yourself during today’s bloodbath. You’re a child and should be treated as such.

I’m expecting a mass Exodus from equities today and a strong treasury market. King dollar reigns supreme and U.S. debt is attractive, especially when compared to the cock gobblers in Europe.

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39 comments

  1. moolaheaven

    “the cock gobblers in Europe”- HAHAHAHA!!!!!!!!! I love the FLY!!!

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  2. Chango

    That line made me spit out my coffee. And I wasn’t even drinking any

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  3. drummerboy

    death by bugala

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  4. A Monkey with a Monkey Penis
    A Monkey with a Monkey Penis

    Fuck. This market sucks.

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  5. a monkey with a man penis
    a monkey with a man penis

    we close up today!

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    • A Monkey with a Monkey Penis
      A Monkey with a Monkey Penis

      The rally starts at 2:30PM. Puters are just taking out all the stop losses. Nothing has changed, the Euros are as broke as the USA, yawn.

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  6. Diamond Dave

    Time to buy ’em up….RIMM and INTC leading the charge

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  7. go2jupiter

    Should we CANCEL ALL ORDERS?

    RIMM looks good with a stop at last weeks low

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  8. Cascadian

    Are my dollars going up more than my portfolio is going down?

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  9. Jesse James

    The only fucker not going down is GMCR…

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  10. discoordinated

    I cut ALU from my holdings. It was a small position and it’s no good for now. My AMD is still holding up well though.

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  11. Jakegint

    My PM’s are telling me this is top in the dollar.

    Yours are too.

    _______

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    • Juiceyfruit

      be careful, lest I turn you in for treasonous wishful thinking/prognosticating

      heresy, praying for $USD destruction!

      😉

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      • Jakegint

        I agree w. GS that it’s not the long term top… probably just a retest of recent lows.

        _____

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        • DMG

          correction: TGS (THE Goldman Sachs)

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          • Trading Nymph

            Jale….isn’t this so darn sexy,ok, our little Dollar is going into April Resistance leves of 76.43ish so we could chop here a bit to rest, plus Eur/USD is hitting that 1.4000 support with not much US Econ data this week. But Bottomline its holding your 75.22ish and my 75.00 and with the uber weak flash pmi’s out of China and europe last night it looks like the commodity play is leaving the table…….USA, USA…run little dollar….lol, btw, I won’t touch Fly’s Cocksucker reference for people wanting a strong dollar….just way too easy of a set up line for me.

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  12. Dr Genius

    whose dick is chopped today?

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  13. john

    Markets are looking toppy. I only got one speculative play on with ZLC. I may even peel it off later if it’s not moving right. Let’s see if its got some legs under it. Otherwise I am happy to sit back and watch the market from a distance.

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  14. ruggyup

    WTF? BOX going parabolic. Cocksuckers of all genders unite, there is hope in this market when a big dividend payer is a leader.

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  15. Trading Nymph

    For us Barely Bears….imho this has been one big ugly bubble brought to you by the Clam and other world leaders, it has to pop at some point just like all bubbles. But, again this may be one of the many teases it has given me over the past two years…and I won’t believe it until it really gets ugly.

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    • Po Pimp

      One person’s “bubble” is another person’s “bull market”.

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      • Trading Nymph

        Bubbles are not just Markets going up, This Bubble has China Peasents with Cottom and Copper piled up in their Front Rooms….Young Chinese Men borrowing their parents life savings to buy multi condos….Linkin IPO…US investors throwing money at EM’s…..it can be houses, tech stocks, tulips or Beanie Babies…this is a bubble.

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    • go2mars

      Faith in a sound US dollar is the current problem. Everyone had faith that tech stocks would rise forever in the 90’s, everyone had faith that real estate would go up forever in the 00’s, and right now, everyone has faith that monetary debt can rise forever without insane inflation.

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  16. razorsedge

    lng, winning…..75%cash.

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  17. discoordinated

    yeah I don’t think I should be any longer until sub 130 on SPY

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  18. J. Cramer

    GS will reverse roll $130. You heard it first from Cramerica – stick with Virgin Cramer.

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  19. panamaorange

    Quote from “sentiment trader”–

    “Investor’s Intelligence reported that the percentage of bulls in their weekly survey dropped again, by nearly 6%. Just to be clear, that’s an “absolute” drop of 6%, from 51% to 45% bulls.

    Over the past 6 weeks, bulls have dropped from 57% to 45%. During that same span, the S&P has risen, albeit barely.

    The S&P was in a major bull market for most of the past three decades, which certainly helps the results. But still, when we’ve seen this setup in the past, stocks did very well going forward, especially in the shorter and longer-term.

    One month and six months later, the S&P sported a negative return only once out of 16 chances. The market’s average return in those cases were very good, typically more than +3% and +8%, respectively”

    So that’s a 15 out of 16 chance that we go 3 to 8 % higher from here.

    Im guessing exactly 7% higer

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  20. john

    Watch the action in ZLC. Very interesting. I’m tempted to buy some more. There is no doubt that ZLC is a rather inefficiently run company. They’ve got so much overhead costs per revenue dollar. Insert an ambitious management team with a vision to clean house and the stock may have some real value. The revenues are already there and Tiffany’s has shown what running a smooth operation can be.

    Prudence has me waiting for the quarterly numbers to come out this wednesday and see what the market reaction is. I see at least $8 for the common, and I’d rather give up a fraction of profits for a better R:R profile.

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