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
23,445 Blog Posts

May the Lord of All Human Species Be With You

Well, we’re diving into the bell. I can’t blame people, given what is being said by our fucking Congressmen on teevee. I am betting, to a small degree, a deal will be crafted. I took large positions in some stocks, but my largest position of all is cash.

I do not trust Congress, yet feel they can’t be so dumb as to allow this fat nation go without hamburgers for more than 1 day.

With that being said, I’ve made my bed and I will now lay in it, praying to magical beings to murder all of those who get in the way of a debt ceiling deal.

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41 comments

  1. kidstock

    FIG

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  2. me

    u are such a pompas ass hole

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  3. espnol

    No one can doubt the size of your cajones

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  4. The Fly

    VOLATILITY IS COLLAPSING.

    VXX PUTS FOR THE WIN, ASSHOLES

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  5. gratefuljed

    How ’bout those treasuries? MF – like giving crack to the addict

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  6. razorsedge

    getting ready to put on my extra absorbent depends for the weekend.

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  7. jimmy_two_times
    jimmy_two_times

    nice play, like Ive been sayin last few days .. a deal wil be done.

    to paraphrase Obama “I have options”, inother words bring me something I can sign, or I’ll make an executive deciosn and go it alone. Period.

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  8. winsef

    “Chevron Corp reported a 43 percent jump in quarterly profit, beating estimates, as strong oil prices and fatter refinery margins offset a drop in oil output.”

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  9. panamaorange

    IWM has been sideways since January. Next move up could be a 80 to 100 point Russell 2k Surge. You can’t break a consolidation that long, without a sharp breakout.

    Also, its a good sign that XHB SLX and EEM closed green today. Expecting those 3 to be the strongest sectors into winter.

    Nice bullish “diamond continuation pattern” in EEM , on the verge of breaking. In both the daily AND weekly charts

    http://www.youtube.com/watch?v=3jmkCXvCYYw

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  10. Hermes

    House Tea Partiers get the Chinese Animation treatment. Pretty funny.
    http://www.youtube.com/watch?v=mjYSuWwT3EM&feature=player_embedded#at=74

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  11. Juiceyfruit

    Regarding those murderous, magical beings:

    Let it be said;

    ” It is to be considered that you are placing a heavy burden on yourselves through all your desire for non-right,
    through your belief in divinities and praying to them in irresponsibility, because you are denying the real truth
    through binding yourselves to an imaginary god, elevating it to be the creator of worlds and the universe, paying homage to it and killing people of your kind (fellow human beings) through battle (war) and punishment
    in its name.”

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  12. razorsedge

    great call on deck, before this little bump last couple of days it looked to me to be headed for a break out.

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  13. razorsedge

    fly any thoughts on cjes?

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  14. ruggyup

    Feeling grateful, ah make that smug, ending the week flat, as in 0.00. My little chamber pot portfolio nicely buffered by MLPs and a nice assortment of John Fredriksen companies. Even GSVC had a nice hiccup.

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    • 9iron

      I think the “hiccup” in GSVC was The Fly’s buy this afternoon. (serious)

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  15. Bullish

    I’m thinking about consuming large amounts of fine vodka and watching the politicans make asses of themselves all weekend.

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  16. steve

    may peace be with you, my prayers are with you

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  17. steve

    going to dinner and gonna get me some margarita’s

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  18. go2mars

    http://www.businessinsider.com/apple-has-more-cash-on-hand-than-the-us-government-2011-7

    Apple has more money than the US gov’t.

    Looking deeper, a homeless guy doesn’t owe trillions either.

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  19. Mr. Partridge

    Short that Fucking VXX, dear sir! you are not alone…

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  20. razorsedge

    bacardi…oh ooooooo bacardi whoooo oo e o

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  21. razorsedge

    bot CJES

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  22. ruggyup

    Apple has some $76.4 billion in cash reserves, the US Treasury has $73.7 billion. Is there a message here? Seems to me if our congressional pud pullers were put in charge of the Sahara Desert they would shortly run out of sand.
    Bitter as fuck in central FL.

    This comment tastes gritty.

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  23. Frog playing a colorful accordion
    Frog playing a colorful accordion

    If their campaign contributors wanted to take the sand away, it would disappear within a week. If their campaign contributors wanted the sand there increased, the Sahara desert would constantly grow in size. Congress folks are extraordinarily efficient– at delivering the goods purchased by their financiers.

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  24. FIG

    Watch and learn people. I got into XIV today. That means this market tanks on Monday. I never win, even when I am on the same side as the Fly.

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