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
23,433 Blog Posts

The Vise it Tight

We are up another 100 points, making this one of the best short squeezes that I’ve ever witnessed. The banks are ripping higher and I regret not holding FAS. However, I still hold BAC and look forward to extending my greed there. With today’s economic numbers, be on guard for people declaring “an end” to the economic soft patch. Also, I’d like you to acknowledge how fucking stupid the weirdos from CNBC are and how you should never heed investment advice from them.

If the upcoming jobs reports is good, the Dow is going to 13,000 in a straight line. That’s it, nothing to see here, just something to understand.

With my money, I am trying to contain my greed while banking coin. I am about to pull the trigger on a sale, in order to raise a little cash.

The squeeze continues as the vise tightens on the heads of the dumber class.

More later.

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15 comments

  1. cashew

    well done. you suffered, stuck with it, prevailed.

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  2. Ruben The Cuban
    Ruben The Cuban

    Holy SODA!!! It has certainy been a good week!

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  3. hitter

    Remarkable prescience, flat remarkable.

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  4. Quint

    The sqeeze is ending as everyone heads to the beach early to beat the traffic.

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    • Po Pimp

      The trading bot at Goldman Sachs doesn’t do beaches.

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    • TeahouseOnTheTracks
      TeahouseOnTheTracks

      Bourne Bridge backed up for miles already …. Don’t forget your beach sticker!

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  5. ron swanson

    Capitalism: God’s way of determining who is smart, and who is poor.

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  6. ryno

    shorted wnr at 18.10…

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    • The Fly

      FUCKING BANNED.

      That’s like stepping into someone’s house and telling the host “I am betting against you.”

      You have the manners of a cave woman.

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  7. Bullish

    Everyones a bull!!! Too bad at some point where there’s bulls there’s bullshit.

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  8. ZeroHedge Wannabe
    ZeroHedge Wannabe

    Right now every bearish blog is holding a staff meeting, and they’re saying…

    “Ok, by Tuesday I need at least 3 new ideas as to why the world is ending soon and the stock market is going to zero, now that the Greece thing and the soft-patch scare didn’t work…and we’re already running with the debt ceiling/debt default scare, and that’s not working.”

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    • pezhead9000

      Every party has a pooper :
      “While all the algos are scanning the ISM general business conditions headline, the New Orders Less Inventories spread, which leads the broader index by 3 months, has tumbled and the divergence between it and the ISM Composite is now at near record wide levels” – ZH

      “inventories are now growing, implying that shipments are exceeding sell-through, and that was a big move. In addition order backlog is now below 50…The report was good, but watch that backlog and inventory number” – MarketTicker

      Buy: IPET

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