Yes, we want the market to crumble, like a coffee cake. I’d like to see traders shriek in panic and vomit on each other, amidst clouds of black smoke and shards of metal. With my cash hoarde [sic], I intend to buy the pension liquidations of CNBC personalities, preferably those without hair or brawn. Moreover, it’s very relevant for me to see a cornucopia of hedge fund failures, followed by entire nations defaulting on their obligations. When all of these things are accomplished, “The Fly” shall be fully invested.
Until then, I will, methodically, acquire dips—like deviants purchasing fellatio from hookers in the South of Bronx. My targets are commodity related shares. By the time I am done buying them, I too will don a bow tie and visit CNBC Asia to tell them how stupid they all are for trusting Dr. Bernanke and allowing for bailouts to occur. I will discuss many things, such as the unnecessary bailouts of arson victims and how fires should “burn their way out, naturally,” as they have for thousands if not billions of years. I will protest any and all government projects, such as police departments and prisons. Society should quit relying on governments to bail them out. Put your own prisoners to death, as was done back in the ancient days of Carthage.
[youtube:http://www.youtube.com/watch?v=M4mcQEipU-s&feature=youtu.be 616 500] [youtube:http://www.youtube.com/watch?v=Zr-9BegAyhc&feature=youtu.be 616 500] [youtube:http://www.youtube.com/watch?v=wTTd6KGNnQM&feature=related 616 500] [youtube:http://www.youtube.com/watch?v=juEYHB4ZOgM&feature=related 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
LOL. Commodities not flushing overnight here with S&P. Relative strength of the commodities would bode well for your inflation trade. I may add as well. The question is, which commodities look best? Time to scan
LOL.
When is the next Jackson Hole summit?
I guess the only thing that can keep this market together is QE?
What a train wreck.
Great video.
Could have used a masturbation scene.
For example… http://www.thereformedbroker.com/2011/03/05/a-blog-etiquette-public-service-announcement/
Anyway, I seldom leave comments on blog, but I have been to this post which was recommended by my friend, lots of valuable details, thanks again.
-DT
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-DT
Rofl
This is Nigerian DT
Old Dino…blast from the past…
DT: The first tier of third tier bloggers!
Euro weak, equities futures weak overnight. Maybe this will setup that gap down we need to create a buyable bottom.
Meet Sam Fries was the classic & I believe Fly was the 1st finance blogger to use the medium, by a year+?
burn their way out, naturally
reminded me of the phrase the wilderness rescue guys out West use to describe their job:
“interfering with natural selection”
choppering out lost gps-toting morons from the middle of nowhere. Just because you know where you are, doesn’t mean you can get out alive.
the financial version is: the market can stay irrational longer than you can stay solvent
“The Fly” is a pioneer of this blogging game. All other bloggers learn from my lessons.
Good handle there. I like it.
Oh dear Fly, I have been waiting forever for all of this…….bowtie is nice.
Towards the end of the Asian Session and USD is back over 76.00 at 76.20ish. For tomorrow, I actually see a market barely up, or one with a Advance – Decline volume of the NYSE around a mere -neg 272,000,000 ish at the end of the day…fwiw. Aussie sold off hard…helps the dollar.
Given that we have an insane market, run by criminals, the thing might be green in the moring for all we know. I sit in cash most of the time, because I can’t imagine how anyone thinks they can predict this thing. I guess the best, like Fly, don’t predict it, so much as they move lightening fast in their space rockets within it. But I am not quick enough for that myself.
We need Devildog back here
Poor DD. Was he real or just someones alter ego?
How did the Fly get so Fly? Fly you RULE!!!!
It all happened in a lab experiment back when the Fly was Jeff Goldblum.
Happy B-Day to The Fly and Senator Gint!
like deviants purchasing fellatio from hookers in the south bronx. im dying ovea heah,and ova by der.fuckin eddie van halen riff of the blogs. that one deserves a happy berfday beer, induedly.
HAPPY BIRTHDAY, Monsieur le Flea.
The Fly will get his bloodbath when the Fed starts raising the Fed Funds rate. The problem the Fed has is that it must dump $1.5 trillion in seriously impaired mortgage backed securities (including what is left of the $1.25 it sucked up form it’s Primary Dealers during QE1). The Fed should be dumping this toxic sewage back into the six large Wall Street holding banks that created most of this financial asbestos, but instead, it will be rammed directly up the taxpayers’ asses.
The Fed, like any other successful criminal enterprise, must find shell companies in which to deposit all its poisonous waste, and what better shell companies are there than Fannie Mae and Freddie Mac. That’s right, the Fed will be using the two bankrupt GSEs, that are, for all practical purposes, on the taxpayers’ balance sheet, to house its already imploding financially engineered nuclear waste (Maiden Lane 1, 2 and 3, for instance). .With this move, the Fed will have pretty much completely transformed trillions of dollars in pivate debt liabilities into trillions in public sovereign debt, with the banksters having received full face value for their $.40 on the dollar “assets”. Banksters rule! Go long the banksters, short the USA.
http://www.reuters.com/article/2011/05/24/usa-fed-gse-idUSN2428608620110524
Here’s another example of some more future blood in the streets:
“NEW YORK (Reuters) – Around 450,000 people who work for U.S. states, counties, cities, towns and villages could get pink slips in fiscal 2012, sharply up from the 300,000 positions shed this year, a report said on Monday.”
$1.25 should have read $1.25 trillion, but most of you already knew that.
And when do you think the Fed will start raising the Fed Funds rate…my guess, 2016.
Until now I’ve dismissed the idea, but now, sadly I’m starting to think that all of this will end in a war of some sort, years down the road. War is the ultimate system re-set.
Cataclysm: A violent upheaval that causes great destruction or brings about a fundamental change.
Hopefully I will be wrong or at least it will be many years down the road.
Major cataclysms can be financial opportunities for those who are at the ready or just happen to be in the right place at the right time.
Excellent cartoons! Reminds me of Johnny Quest with some enhanced dialogue modifications!
A birthday toast to The Fly!
The iBC project has been a great success.
unrelated song: Brandon Flowers – Crossfire http://www.youtube.com/watch?v=UCEQR-f8u70
Now back to work all you non-birthday people (including me)
The insider stock sell to buy ratio in May is about half of what it was in April. So the insiders are not selling. Go figure.
Fly, Happy Birthday!
dur goods, ouch.
happy b-day.
sir fly, anythoughts on HRL?
IMO looks to be over sold since it’s down 7-8%
I don’t follow food producers. The chart looks great if you were to buy on this weakness.
Nice run since mid 2008.
No opinion on HRL
I see you’ve found a new hobby
AG pushing 20…
Just returned from St. Maartin and I have seen society/government with no laws/power. After much meditation and thought I have come upon two conclusions; I prefer to not leave the country for quite some time and support a large military state where the laws are enforced by amputations.
mark hayes died,
Happy BirthDay to you, Happy a vous, Happy Boooorrreeeee-rally-Burth-Day 222 U!