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
23,443 Blog Posts

Sick of Finance

I’m sick of blogging about financial matters. The process is repetitive: I blog about wins, you talk shit. Or, you talk shit, I ban you. When I blog about losses, I fucking feel like punching the shit out of my laptop.Actually, it makes me want to take out my Rambo knife and stab it over and over and over again, until I exhaust. This process that I put myself through is woefully unhealthy. I need a distraction, something to unload on, like targeting mentally ill people from the Tea Party.

With stocks, all I have to poke fun at are the garbage pale scrubbers at CNBC. Maybe I will start targeting fellow bloggers with scathing, unsolicited, reviews of their shit journals.

Look at the republican party candidates: all pleasantly retarded (no offense to 12 yr old retarded girls due to Gardisil), sans Mitt, yet I find myself fascinated with their debates. You have the chicken man, Cocaine, talking 999, while Bachman gets crazy as shit on the teevee over OBAMACARE. Perry is executing people daily and Santorum exemplifies moronism on an industrial scale. Ron Paul, clearly, is a KGP operative, most acutely interested in destroying America with populist plans that make no sense, whatsoever. And, that Huntsman guy is just interested in fucking up the prospects of other candidates, obviously for sport. GOP politics is worth watching!

As an aside, I find it interesting that some of you still bother offering “The Fly” financial advice. I mean, how many ways must I tell you to fuck yourselves spinning sideways on a telephone pole, before you get the message?!? This blog lacks discipline.

If you think this blog was written to bait Senator Gint into defending Tea Party principles, while insulting anyone who dares to oppose his ideology, you’re wrong. “The Fly” is only interested in exchanging top hats on the internets with strangers, while sipping on aged cognac. I’d never, ever, ever bait the Senator into insulting your intelligence and making accusations regarding your obvious interest and membership in the Russian-American communist party.

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152 comments

  1. Ruben the Cuban

    Take up golf?

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  2. Cloris Leechman

    Duly noted.

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  3. chivo

    today i met my uncle for lunch and then played some tennis (a very gay sport, but my friends like it so i’m stuck playing it)

    fuck watching ticks

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    • Jakegint

      Tennis rocks, fuck off.

      Would you rather play that wheezey old man sport, golf

      ___

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      • flyaway18

        Oh for crying out loud, tennis and golf are LIFE sports. Every kid should know how to play both.

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      • alf44

        WOW !!!

        Jake is a “Tennis” guy !!!

        Jake is a “Poodle” guy !!!


        Visions of a “Parallel Universe” here !!!

        I’m ACTUALLY starting to think we are …

        … “twins … separated at birth” !!!

        SERIOUSLY !!!

        .

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        • JakeGint

          (Alf gets his first Jake Thumbs Up… a momentous incident).

          But remember…

          Jake is also A New York Giant Season Ticket Holder…

          aaaaandd…..

          A rock-ribbed conservative Republican.

          So, maybe not so much “Separated at Birth” as “Alf = Bizarro World Jake.”

          _____________

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          • alf44

            Thanksgiving should be interesting !!!

            Your house or mine ???

            I do a delicious Roasted Turkey !!!

            Sniff Sniff …

            What an emotional reunion it will be !!!

            .

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          • alf44

            … Oh … btw … I also do a “killer” Butternut Squash Casserole !!!

            And if ALL that’s not enough Jake …

            … we got “Da Boyz” vs. Dolphins on tha teevee !

            I’m bustin’ … I tell ya I’m bustin’ !!!

            .

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          • JakeGint

            Maybe they can win that one?

            ___

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          • alf44

            touche !!!

            .

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    • Yogi & Boo Boo

      Don’t you know there are only 3 real sports? Auto racing, mountain climbing, and bull fighting? I don’t fight bulls.

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      • JakeGint

        Auto racing? Jeez, snooze-o-rama!

        If you like Mountain climbing you should read Gary Savage’s blog…

        __________

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        • Surplusdroids

          Yogi is referring to Ernest Hemingway.
          Hemingway said, there are only 3 real sports, auto racing, mountain climbing, and bull fighting. The rest are all “games”.

          Why? Because the 3 sports mentioned above involve death with every moment.

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    • CBOT

      Take up longboard skateboarding it’s easy you get a big rush and it’s a sport you can enjoy solo

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  4. graemesr

    Those who are too smart to engage in politics are punished by being governed by those who are dumber.
    -plato

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    • JakeGint

      Holy shit… 18 up votes for a made up Plato quote. Seriously, can anyone imagine Plato using the Greek word for “dumber?” For crap’s sake, it’s a recent American colloquialism! “Dumber” means, “more speechless” in accurate translation.

      _______________

      You new parents among us, endeavor to give your children a Classical Education if you are able… they may not be a better gift you can bestow upon them… in all seriousness.

      ______________________

      Here’ is the actual quote… from Bloom’s translation, fwiw:

      “Hence, necessity and a penalty must be there in addition for them, if they are going to be willing to rule – it is likely that this is the source of its being held to be shameful to seek to rule and not to await necessity – and the greatest of penalties is being ruled by a worse man if one is not willing to rule oneself.”

      _______________

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      • graemesr92

        i studied greek politics and am aware of the quote. However i would have sounded like a fag, like you, saying: “Hence, necessity and a penalty must be there in addition for them, if they are going to be willing to rule – it is likely that this is the source of its being held to be shameful to seek to rule and not to await necessity – and the greatest of penalties is being ruled by a worse man if one is not willing to rule oneself.”

        HENCE my quote… Side note. I don’t give a flying fuck about thumbs ups.

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    • Chango

      Plato said “dumber?”

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  5. TraderCaddy (Fake)
    TraderCaddy (Fake)

    The market sure has changed since I use to hang out at the Buttonwood tree shouting orders.
    Which reminds me- go buy SMH.
    Sorry for any misspellings due to my cataracts.
    Remember to not take extra stokes while at the urinal.
    Made all of my money today in the first 10 minutes with SMH.
    I am 10 years away from the iBC age cutoff. I just don’t remember on which side.
    Watch SMH.

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  6. jworthy

    Finely chopping peanuts or almonds is surprisingly rewarding.

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  7. Jakegint

    Lol.

    Imagine calling what you do “finance?”

    (chortle)

    ___

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  8. uncle har

    Go to the country. Check for abandoned mines in your area and set out to find one deep in the woods. Not a soul around. The markets will evaporate from your mind.

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  9. BanAlf.com

    If you want discipline, start by banning Alf.

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    • alf44

      If you want to actually LEARN HOW … to trade this Market … start WATCHING alf !!!

      What’s tha matter with you idiots ?

      Are you ALL blind ???

      .

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      • alfeater

        Go home Alf. You Asshole, will be flushed straight thru the markets ass. Makes me feel bad for the markets ass.

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        • alf44

          … yet another clueless imbecile !!!

          Is there no end to you losers???

          .

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          • Thedr

            Alf is (freaking) hilarious. It’s like witnessing Black Beard managing his retirement acct on a wifi connection on his ship

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          • Frog Playing a Colorful Accordion
            Frog Playing a Colorful Accordion

            Alf, the more you feed abusive people, the bigger they grow. They eat attention.

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          • alf44

            So true !!!

            Pretty damn wise “Frog” you are !!!

            They are ALL just such easy targets though !

            Like “shootin’ fish in a barrel” !

            .

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  10. AlphaBetaBanjo

    Learn to play the Banjo

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  11. Duh

    Fly,

    Wanted to get your take on this. I was looking at 15 year SPX and TNX charts and noticed that this recent panic move in rates has always marked or been close to a bear market bottom. If we slide into recession and your 800ish SPX target becomes the reality, where does that put the 10 year? Can rates really fall much from here?

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  12. mike

    My Dear Fly,
    http://en.wikipedia.org/wiki/Richard_Proenneke

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  13. Bullish

    You could start the iBC fight club. The Fly could sit on a throne while throwing hot slices of pizza at the piker commentators while they duel to their death.

    I’d be willing to face Razor in round one.

    Might be entertaining. Potential lineup could be:

    Trading Nymph vs The Wife

    The Senator vs Purdy (if he’s still around)

    And of course Alf vs Quint

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  14. juice

    Ron Paul, KGP? I suppose you meant KGB .. no matter, commie. They don’t come more Amurrican than RP.

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    • JakeGint

      Bruce, I’m afraid your boy’s gone Full Al’s Hammer.

      WTF was he doing last night talking about AQ?

      Time for the rest home, I’m a feared.

      __________

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  15. Hugh Hendry

    There was a crazy guy who sounded just like Ron Paul here:
    http://ibankcoin.com/flyblog/2011/09/10/the-decade-the-destroyed-the-west/

    He talked about how ridiculous it is we let the government assault old women and how the unecessary wars have bankrupted the treasury and how the government has run all sorts of stupid policies.

    He must be KGB too.

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    • Frog Playing a Colorful Accordion
      Frog Playing a Colorful Accordion

      Ron Paul is the stopped clock that is right twice a day. You picked the 2 topics that he is right on, and Fly happens to agree with him on those.

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  16. Buckwheat

    Alf is God

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  17. Blind Read Ant

    Fly, you need to become a Metal fan, check out “Lost” by DevilDriver here: http://www.youtube.com/watch?v=KwUro14duQw

    Lyrics here: http://lyrics.wikia.com/DevilDriver:Lost

    You’ll be better now.

    BTW: I shorted $ICE, but will turn around and long it before the Clam’s Operation Twist begins next week. Non-Financial advice.

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  18. jose mann

    Sir Fly, you are fucking hilarious …
    how many kids do you have ???

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  19. Big snacks

    We are stuck in no mans land. On one hand the market feels lower.
    On the other the contrarian play is to be long. Put calls are through the roof.

    Ant then there is the weird. Why is crude oil going straight up?

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    • xxxHuggieBearxxx

      yeah why the F is crude going straight up. worst hedge ever…it should be collapsing. If we are on the verge or in a recession, how is crude at $90? I mean, either the economy is actually strong, or crude will permanently cap economic growth.

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      • parasailsam

        Looks like the latter of the two.

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      • Frog Playing a Colorful Accordion
        Frog Playing a Colorful Accordion

        Or the economy is weak but crude oil traders are being set up for a whoosh downward soon.

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      • JakeGint

        Crude is going straight up because the guy’s in the pit don’t like being included in Mr. Cain Thaler’s Obnoxious Star Wars, Part 6 Metapors.

        So they are bending him over “Bubba-in-H-Block-Style.”

        ___________

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      • Surplusdroids

        Light sweet earl is the new reserve currency?

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      • Po Pimp

        Because if you take the SPR releases out of the equation crude inventories are down about 9 mln barrels YoY.

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        • Cloris Leechman

          Finally, a correct answer!

          “In its September oil market report, the IEA said demand had been outpacing supply since the middle of 2010, leading to a depletion of stocks. In the second half of last year the supply shortfall was around 1.4 million b/d, while in the first six months of this year the deficit was closer to 500,000 b/d.

          At the end of this period, OECD oil stocks in July 2011 dipped below the average level over the last five years for the first time since June 2008, the IEA said. This situation continued in August, when an estimated stock build of 600,000 barrels fell well short of the normal increase for the month of 14 million barrels, despite the release onto the market of oil from emergency stockpiles of IEA member countries.”

          http://www.platts.com/weblog/oilblog/2011/09/13/iea_says_fundam.html

          It continues to amaze me, even in a (formerly) erudite forum such as this, that people will reach for any and every explanation on crude except for simple supply and demand fundamentals.

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      • Cloris Leechman

        And what part of this chart says “straight up” to you?
        http://stockcharts.com/freecharts/gallery.html?$WTIC

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  20. bluehubbard

    when bored i tend too stare at a foot inebriated too the point of extreme exhaustion. after the two day hangover i find things fresh and new.the interest in the GOP debates must be some version of the same.

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  21. xxxHuggieBearxxx

    “pleasantly retarded”

    you are absolutely correct, and that happens to be my favorite flavor of retarded.

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  22. La Fayette

    Shouldn’t you be out fracking Amish people?

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  23. The Real Alf

    I am the real Alf from the planet Melmac.

    Listen up and learn idiots!!!!

    Especially you Quint!!!

    I am 45% long bull shit and 80% short Nabisco wafers.

    This market sucks just like you morons!!!!!

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    • xxxHuggieBearxxx

      no way you are short real nabisco wafers….maybe paper wafers.

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    • jose mann

      real alf or fake alf, you are both retarded and should be banned

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    • go2mars

      Long “whiskas”, “petcetera”, and “Asia” no doubt. Heard it’s been a bumper crop year for kittens on Melmac!

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  24. jose mann

    you guys are fucking morons, only Sir Fly is not retarded …

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  25. Testicules

    Fuck golf….ruins a good walk

    BUT,

    Go find a driving range (practice your club swinging)…wait for moving targets,,,the tractor or contraption they use to scoop up golf balls…throw a couple cats out there if tractor is parked…grab spot at very end and then practice ‘slicing’ see how many other patrons you can take out….oh…and look innocent as hell and claim you are a first timer

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    • jose mann

      dude, have you seen the bulls they use in bull fighting, their balls are so much bigger than those golf balls …

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  26. Messy Givermore

    I like Mitt more and more. Of all the candidates, he is the only one who has a chance of improving the economy. Everyone else, the President included, represents the regression of our country.

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    • JakeGint

      I like Mitt.

      I worry about his electability is all.

      He’s certainly gotten a shitload more polished since the last time around…

      And I don’t just mean his robotic sheen, either.

      _____________

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  27. Bill

    Fly,

    What’s your criticism of Huntsman other than his lack of popularity?

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    • The Fly

      Huntsman likes to dump toxic chemicals into front yards, personally.

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      • cheesefries

        If you chant Obama’s name it will take away your pain.

        You may get the shits, but that’s story is for another day.

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        • JakeGint

          Huntsman was Obama’s man in Chiner, and then he decided to call “elements of the GOP” anti-science. That’s gotta be a real winner for the Base.

          Fucker must want to light his cigars w. Benjamins, but, because he’s LDS, he can’t smoke cigars, so he enjoys throwing his money away in a futile campaign instead.

          ____________

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    • ottnott

      I’m pulling for Huntsman to swap his podium for a balcony seat and do a Statler and Waldorf routine at the rest of the debates.

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  28. jose mann

    can Mitt get Palin as his running mate ???

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  29. Twister

    The Mr. Fly
    Never argue with these idiots and their comments. They want to bring you down to their level and beat you with experience.

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  30. Sooth Sayer

    I am a sooth sayer.

    Jay Cutler will throw 2 interceptions in the first half of the 2011-2012 football season. However, in week 9-17, he will set a new NFL record, throwing 52 interceptions in 8 games.

    Andy Rooney will be allotted a live segment for his final monologue on 60 minutes in which he will go on a racist homophobic rant about Jewish bankers and 3rd coming of Hammurabi.

    Johnny come lately will be the first to arrive at a party.

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  31. pitbull

    You’re Hired: Clean Energy Jobs Take Off

    The challenge the president faces now, says Brune in his Coming Clean blog, is to “stand up to the fossil-fuel industry and its supporters in Congress who are misleading the American public by insisting that regulation kills jobs, and that a clean energy future isn’t viable.”

    The opposite is true. A recent Brookings Institute report that found the clean-energy economy employs 2.7 million American workers across a diverse group of industries — greater than the number of people employed by the entire fossil-fuel industry — and that clean tech has outperformed the national rate of job creation during the recession.

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    • heaterman

      Outperformed only because it is subsidized at 4 times the rate of fossil fuel production………just sayin…….

      It’ll be a long while before it stands on its own two legs. Maybe when crude averages about a buck eighty a barrel. Not before then.

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      • JakeGint

        Hold on a sec… “clean tech” is a pretty amorphous term.

        I’ve sold about three “clean tech companies” in the last couple of years and they ranged from coal-fired plant servicers to toxic waster remediators.

        They DO NOT mean “windmill/solar/geothermal yada yada” bullshit.

        And most of them were started whilst O’Bama was still in one of his colleges.

        ___________

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    • Testicules

      and how has clean energy worked moving heavy machinery and raw materials down the road?

      solar powered trains?
      we could always put sails back on the ships…you don’t mind waiting a few months for …fresh fruit…right?
      Here…we take 1 Van Trailer (semi) and fit it with 20 harnesses and 20 truck drivers could pull it down the road on bicycles
      that ought to employ about ..3 kazillion people by…next tuesday

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    • Mad_Scientist

      Yes, think about all the jobs solyndra created. They’re all fired now and the company’s bankrupt, but yeah it will create a few jobs for a few months and that will be exactly the kind of phony misleading results we need just in time for a reelection campaign, to just fool people long enough that they think the president did something right before it all comes crashing down, but at least he’ll be in power again then. Umm…

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  32. The Fly

    For the first time in iBC history, I am banning everyone on this thread. Clearing the fucking decks!

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  33. Samsonite

    The Fly is God

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    • jose mann

      the Fly is not God, he is a funny stud though
      he fuck and shit like everyone else …

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  34. Yikes!

    That’s so weird- (your last comment). I just moved from a place I lived over 8 years- sold everything I had. Ditched almost all of my “friends”. Deleted my FB account- got a new phone number and just want to wipe the last few years “clean” and start the fuck over…like reformatting a hard drive.
    Sometimes you gotta clean house!
    Jumping in an RV for a month with a mountain bike, road bike, and my dirt bike heading to Sedona, AZ- Flagstaff, Grand Canyon, Moab, UT and final destination- Yellowstone Natl Park.
    There once was a time without laptops, cellphones, girfriends, and asshole friends. Going to live retro for awhile- maybe u should too?

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  35. Quint

    Looks like all the kiddies got home from school, played an hour of Xbox and then checked their stocks and blogs.

    Amazing how this place is so dead during market hours.

    Now kiddies, take your baths, and get your jammies on…you can watch 30 minutes of MTV but then it’s bedtime.

    Nighty Nite Alf!!!! – extra exclamation point for you.

    .

    _____

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  36. The Fly

    EVERYONE ON THIS THREAD IS BANNED.

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  37. ha

    “Maybe I will start targeting fellow bloggers with scathing, unsolicited, reviews of their shit journals.”

    laughing out loud.

    And you’ve already created the perfect vehicle to do such a thing anonymously. That was pure genius of you creating that internets character. I knew it couldn’t be a real person. Of course, I’m speaking of Alf.

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  38. Testicules

    we still banned?

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  39. Hermes

    Leon Trotsky was pretty bad ass.

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  40. alf44

    … mic test 123 … mic test 123 …

    .

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  41. heaterman

    The inane comments obviously show that most here are in the same boat as Fly. Waiting, figuring, watching, analyzing while this giant cluster of a market sorts itself out and gives a little direction. Very very hard to read with the wild card being governments around the world trying to prevent total meltdown.
    We are just biding our time.

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  42. South of the Mason-Dixon
    South of the Mason-Dixon

    Oh brother. This thing has floated into the deep end without requisite life preservation.

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  43. Fly

    Yes, everyone is still banned, now go to bed, including Senator Gint.

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  44. JakeGint

    Okay, so I was gone for a couple of days on top secret, loose-lips sinks ships type of stuff… what the hell?

    I come back And some rubber faced fucker’s been messing around in my desk!

    And shorting PM’s to boot!

    __________

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  45. Frog Playing a Colorful Accordion
    Frog Playing a Colorful Accordion

    What is AQ?

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    • Swat me

      1. Assemblies of God. Evangelism, Worship, Discipleship & Compassion

      2. Ag Jeans

      3. Ticker: AG is First Majestic Silver Corp

      I believe Gint is talking about #3

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    • Mad_Scientist

      AQ Khan, pakistani nuclear scientist who sold knowledge and nuke secrets to north korea and iran who have him to thank, not their own minds or creativity, for today having nuclear programs.

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  46. Obama

    I need a good banning. But first, let me do some fly swatting.

    Swat the flys:

    http://youtu.be/v14SicRE38o

    And the Fly swatting started with this:

    http://youtu.be/5rbUH_iVjYw

    U really can’t make this shit up.

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  47. Hermes

    Why we rule. (must watch) http://www.youtube.com/watch?v=NA-ST8nXl4U&feature=youtube_gdata_player

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  48. Dr Funk

    Is a French bank downgrade baked in at this point? Would think it would be

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  49. jose mann

    where is Le Fly, I need him to hold my hands during these turbulent market times …

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  50. theedge111

    Another Euro shit show tomorrow.

    Fire in the hole!

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  51. Raise taxes, Cut spending
    Raise taxes, Cut spending

    Garbage pale?

    Is that like white trash?

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  52. J

    Banque de france head, Noyer said Frog banks have enough capital. that’s what’s sending shit higher this morning I think. It was a pretty important comment.

    argue about believing or not believing him later.

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    • TraderCaddy

      That’s what the head people at Bear Sterns and Lehman said.
      I believe nobody.
      Who knows?
      The market will tell us.

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  53. razorsedge

    greese will leave the euro? bad for greese, good for euro.

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