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
23,417 Blog Posts

Shhhhhh, I Demand Silence

Can’t you fucking idiots see I am on fire? Don’t you understand that when I catch fire, I need to stay 100% focused on my energy and not be distracted by the scatter brained shit that you toss onto the table?

This is high level money management you are witnessing. Do not piss me the fuck off, else I will find you and I will have your legs punched the fuck off. You’ll be trading from a fucking wheel chair in no time at all. Let me catch your “wheely-ass” in the middle of an intersection and I will kick you into an 8 axle truck.

Having said that, I do appreciate your participation on some levels. Just don’t get carried away, like offering me advice of any sort. When I was a young boy, I never listened to anyone, not even my own mother. As an adult, I literally fume over the idea that someone of cabin class status dares suggest an idea to me, even in the most mildest of forms.

The market is going lower. That’s all you need to understand. Do not ask why or when it will get better. I fucking warned you that if we got hit with another load of bad economic data, we’d nosedive lower. Not only did we get that but now the cock-sucking meatball makers from Europe are about the throw pomodoro sauce all over the world, thanks to their fucked up finances.

There is no paper over for Italy and Spain. This is not Greece, but the beginning of the end for sovereign debt holders. I am going to play this with space alien magician precision, coming out of the other end a +25% winner, while your pathetically ill-prepared hedge fund managers blow the fuck up, Hiroshima style.

Wait and see.

Cheers. All the best.

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62 comments

  1. Frog playing a colorful accordion in a bankrupt Italian village
    Frog playing a colorful accordion in a bankrupt Italian village

    First to be silent.

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  2. Prospectus

    So what is the short play here, or is it pinless hand grenades on all sides?

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  3. Qman

    I love when Fly talks about finding people and beating the shit out of them

    Cracks me up everytime

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  4. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Looking for an overnight patriotic rally! Let’s go japan!

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  5. Zack The Leggo

    The market is going lower.
    ——–

    Target please…

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  6. Chango

    You can’t stick a porcupine in a barn, set it on fire, and expect to get licorice. That’s all I’m saying….

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    • heaterman

      You setting fire to the barn or the porcupine? Your syntax is unclear.

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      • Frog playing a colorful accordion in a bankrupt Italian village
        Frog playing a colorful accordion in a bankrupt Italian village

        Yeah, other that the syntax, we all understand your comment perfectly, Chango, LOL.

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  7. The Fly

    I am proud of many of you for exerting your silence.

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  8. Bullish

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  9. Mike Mancini

    Having been short SPX futures and EUR.USD since last Thursday I am pleased with how things are developing, yet I can’t help but wonder if all this fear is a bit artificial – a convenient precursor to the Treasury auctions later this week, designed to increase appetite for the longer duration notes. But fuck it, I’m enjoying the ride as the flea on the elephant’s ears. I wish my broker offered sovereign yield spread futures.

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  10. schizo1688

    silence is GOLD !!

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  11. The Hack

    Cramer put a buy recco on MWW today and it’s up 3% after his comments – Same with JNS, up 2%, ANR up 1.8%……

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  12. kedzilla

    was just refused beer on an united airlines flight because I tried to buy with Canadian at par. Don’t these idiots realize their paper is worthless?

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  13. JakeGint

    He was a CONSUL OF ROME!!

    And he liked Banque Roman Coin!

    Silence IS golden, after all!

    _____________

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  14. theedge111

    Scary shit.

    Don’t like the looks of whats going on at all. It looks like the house of cards in Europe is about to come tumbling down.

    God help us if it does because our banks will go right down with them.

    How soon until the printing starts? Have a feeling money will strart dropping outta helicopters across the Atlantic as the Eurotrash start to choke on debts.

    The scariest part is I don’t see a way outta this without massive printing. I think the days of being long or short are numbered. The only trade will be to buy gold and ammo.

    Hold on to your hats.

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  15. Hugh Hendry

    FIG

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  16. The_Last_Puma_Punkanite
    The_Last_Puma_Punkanite

    http://www.jet-man.com/?page_id=24

    Grand Canyon full screen…titanium balls…rattling between his ears maybe.. (Don’t worry the Market will still be there in 5 minutes)

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  17. Trading Nymph

    I like when the market makes sense, last week was just silly.

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  18. Moolahheaven

    Word to FKN herb!

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  19. drummerboy

    in memory of itly = da gravy was good last night.neck bones and ham hocks.

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  20. Raise taxes, Cut spending
    Raise taxes, Cut spending

    Both the Euros and the Yanks have to raise taxes and cut spending. It’s not brain surgery. Quit fucking around and get on it.

    Until you develop a plan to get out of this mess that is credible and makes sense, the markets will be stupid. Get serious about dealing with this shit and the markets will start to show real value.

    We need to see governments start to deal with reality so we in the markets can start to figure out where this is all going.

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    • razorsedge

      , STILL IN CASH

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    • riggedgame

      Why do we need to cut spending? Cutting spending is COUNTERPRODUCTIVE to economic growth.

      Just PRINT MO MONEY – bring on QE3 ASAP! Printing won’t cause inflation, and it hasn’t.

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      • Yabollox

        End all taxation, just print money for gov’t programs.

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        • riggedgame

          Pay your taxes like a man, piker. I’ll bet you never buy a round at the bar, either.

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          • go2mars

            Better than the alternative (paying privately owned central banks for the right to use “their” money.

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      • Raise taxes, Cut spending
        Raise taxes, Cut spending

        I know you are being facetious but I’ll say it again.

        The government needs to get its own financial house in order. You can’t build a healthy economy in a country when the finances of the largest organization in that country, namely the government, are so out of whack.

        The gov’t needs to balance its books the old fashioned way, raise its income and reduce its spending.

        And it needs to do it right now.

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        • JakeGint

          The gov’t has plenty of income. More is just pouring gas on a grease fire, until the grease is choked off.

          __________

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          • Raise taxes, Cut spending
            Raise taxes, Cut spending

            You need to get in front of doing what is required instead of simply adding to the static that has prevented any action up to now.
            Raising taxes are part of the equation, as are deep cuts to spending.

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  21. heaterman

    The market is ill. Indeud

    On another train of thought…….My midyear wish for 2011 is that the talking heads on CNBC would realize that we tune in to hear what their guests have to say, not them. That loud mouth guy pisses me off.
    They just had Byron Wiener on there and wouldn’t even show him enough courtesy to let him finish a line of thought. CNBC blows goats.

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    • Yogi & Boo Boo

      I also thought that was incredibly rude. Why have guests?

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  22. razorsedge

    the rise n fall of the roman empire, staring barack obama as cezar, tim geithner as fornicus, and a cast of univited illegals sucking medicare dry…

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  23. Jay

    I hate predictions that try to compare collapses to Rome. They didn’t have toilets back then let alone anything resembling modern technology. What happens when technology continues to accelerate and bails us out again like it did in the 90s and today? What happens when nano tech makes resources abundent again and when the world goes solar? When computers become smart enough to solve our problems for us? Who has “power” doesn’t matter anymore. The internet revolution will save us as the world becomes wealthy and more integrated.

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    • Mark

      Technology is not reducing the gap between the rich and the poor, if anything its increasing it.

      As for technology saving us and creating millions of jobs, you think Americans are just going to switch from working in McDonalds and go straight into Nano Technology eh?

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      • Yabollox

        The gap will continue to increase because there will always be people with nothing. People who refuse to work or are unable to work.

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      • Jay

        are you kidding me. A broke asshole on welfare is 100 times richer than a king of the feudalistic days who got dysentery because they didn’t have toilets or toilet paper. Shit, people are using food stamps to buy steak and lobster, you think that’s not fucking luxury? Quit comparing yourself to people around you, this isn’t about haves vs have nots, and if you look globally the percentage of people in absolute poverty over the long run has decreased dramatically.

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      • Jay

        they didn’t have “fast food” in ancient Rome” “fast food” was a rabbit that ran really fucking fast.

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        • Jay

          And if you really go back a long ways, if caveman didn’t hunt food on a daily basis they were dead. You have choices today. You can choose to hustle drugs, you can choose to make $5.50 an hour at McDonalds, you can choose to eat out of the garbage and still live wealthier than any serfdom ever did. Not to mention the fact that the earth can support a population of 9 billion people. Cavemen couldn’t be a picky asshole who said “well I don’t like to eat berries and pigeon, I want a fillet mignon and I expect the government who has all by stealing from those that produce and redistributing it and then redistributing it back to the rich aliens via inflation and borrowing more and increasing consumption. I’m not saying we won’t have some harmful negative economic environments, but if you think you aren’t fortunate to be in this country, or in this era of the world, you better change your fucking attitude or be prepared to live and die in envy and laziness.

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      • go2mars

        Did you know that thanks to modern technology that your quality of life exceeds that of Rockefeller senior’s life? He had essentially infinite money, but they didn’t know about vitamins, going from Europe to North America was a dangerous boat ride that took a couple months, etc. etc. etc.

        TECHNOLOGY IS THE ANSWER to many of the challenges presented by poverty.

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  24. DontGloat

    I told you to buy! You just flushed all your shares at a loss like fools.

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  25. TeahouseOnTheTracks
    TeahouseOnTheTracks

    Listen to me very quietly …. Your BS contagion is over …. prepare to have your face ripped off if your short or hoarding shares of TZA … Buy the Dip!

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  26. razorsedge

    man, this site is riot! lov all the comments, it passes the day w/humor….thanks

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  27. Bill Johnson

    GSVC is far from silent…

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  28. Bullish

    Who doubted the FAS buy yesterday? Don’t mess with SHOMP.

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  29. asanders

    Fly – you gotta stop holding this stuff inside man! Let it out. You could develop an ulcer. I don’t like the pharmas.

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  30. Frankie Gamwell

    sky is falling at IBC again. Time to buy.

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