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
23,423 Blog Posts

Window Undressing

We are entering the 4th quarter with style. The 3rd quarter sucked balls, marked with grotesque absurdities. Going into the month of October, I am on high alert for a “fuck you, you’re dead” rally. My beard is growing in thick and my rambo knife is sharp as shit. Just a little piece of advice, if you happen to see me in Target, or at the Short Hills Mall, don’t fuck with me. I am on edge.

European banks are getting obliterated, down 6% plus. On the final day of the 3rd quarter, expect wholesale liquidations, Ingersoll-Rand style. China is slowing and the wheels are about to come off of this car made from dynamite. Nevertheless, I am not adding to any shorts because we have asshole dip buyers galore in this country. We buy stocks for no reason at all, mainly due to our natural instincts to take on risk. America was built on risk and is now being buried in it.

In short, TLT is your tell and China is your catalyst.

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20 comments

  1. Dean J. Baker

    very accurate, and with flair – thanks

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  2. Ned Kelly

    Zombie will see you at the mall and bug you for an autograph. We continue the grind down during October.

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  3. jose mann

    you got to be nutz to fuck with the Fly …

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  4. craig

    China’s chop suey accounting methods will unravel world markets and make Greece look good. Why is copper crashing ask yourself..?

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  5. BigMike

    Anybody watching BIDU/SOHU?

    Yeeeshhh… $47 to $51.50 in two hours.

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  6. Dubz

    “We buy stocks for no reason at all, mainly due to our natural instincts to take on risk.” – Classic

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    • ROFL

      “We buy stocks for no reason at all, mainly due to our natural instincts to take on risk.”
      Sounds like a good time to me. Sorta the way the peter-puffing prols decide to get married today.

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  7. futures

    So we go up before we go down after we go sideways got it

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  8. mtp1

    so market may tank or have fuck you rally…you got it covered

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  9. Juiceyfruit

    HUMUNGO reversal in chicom burritos – BIDU SOHU etal

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  10. Hermes

    CNBC is telling me earnings season is going to drive the market higher. So much for the collapse, guess we will have to find something else to wring our hands about.

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  11. kidstock

    All this market lacks is earnings data to trade off of…ORCL and JBL were a good start — I am willing to bet one of my houses that we go higher.

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  12. The Fly

    See, look at those asshole dip buyers go. There is no way we stay down with these dip buyers.

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    • JTU

      I have to admit that I’m a bit of an asshole! I’ve been buying the dips, I think we rally into October!

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    • kidstock

      Methinks you and the rest of Wall Street are starved for data and overthinking things. Risk profiles are conservative and there has been considerable anticipatory selling / hedging ahead of the endless litany of Big Bad Events.

      Find me a money manager that’s 70% invested on the long side…everybody is short / flat.

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  13. Hermes

    Fun Friday- Check out this Romney video going after Perry on in-state tuition for the Texas workforce.

    http://www.nationalreview.com/corner/278780/romney-video-thank-you-gov-perry-katrina-trinko#comment-317024

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  14. Blind Read Ant

    If you had contacts in TX and knew how they’ve created an intercontinental highway system connecting the USA with Latin America, you’d understand the conspiracy theories are totally true.

    America lost her sovereignty some time ago (esp. 1960’s); and for now, is a two-bit slut (barely a virgin anymore), gagged, contemporaneously tortured, flogged-slave-style, humiliated and gang raped by the most prejudiced of bastards.

    Good day.

    p.s. But wooooha, you know watch out for those Mormons and Amish. And especially the Christian right. Lol.

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  15. Riser3000

    Earnings season is gonna lick balls just like the SP 500 and U.

    CNBC is telling you that you are a living room sheep – and have no biz even considering investing money – short of playing monopoly with your mongo challenged lunch buddies.

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