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

Off to See a Movie

European yields are easing today, sans Spain. I have every right to walk away from today’s tape. This is fucking stupid bullshit. Here we go again. The Dow is set to open down about 1% and everyone with an ax to grind is grinding it. We were supposed to be down yesterday, but rallied like cocaine addled gorillas. If we close down today, it’s not the end of the world. If the DAX isn’t down more than 3%, I’m not worried.

“The Fly” no longer favours [sic] the watching of the box. I’ve been way to involved in the minute by minute machinations of the market. There was a time, not too long ago, when I’d ignore stocks for 50% of the day–just because I was confident in my positions. But 2011 has been a fucking bone-crusher with regards to volatility. It’s too hard to ignore the swings, for fear of letting the losses become insurmountable.

During the course of 2011, I’ve booked so many short term losses. I rarely let losses extend too far because my conviction, for the most part, has been tenuous.

At any rate, I’m getting the fuck out of here. I am interested in watching a movie or two and will be checking in later for a mid-day update.

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27 comments

  1. xxxHuggieBearxxx

    Long live The Fly!

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  2. thewife

    Great idea!

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  3. chivo

    Battery park?

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  4. gratefuljed

    it’s 9 in the morning. A movie?

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  5. ALLPROz

    Much like mixing the colors…watching red and green ticks turns the day gray.

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  6. sellSELLsell

    What electronic device does the Fly use to check the ticker while watching movies?

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  7. JTU

    Crack spreads down over 19%, refineries getting hammered!

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    • JTU

      Has this got anything to do with those who were long Brent and short WTI are now covering?

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      • JTU

        Enbridge is buying 50 % interest of pipeline from ConocoPhillips and reversing flow of 150,000 barrels/day oil from Cushing to Texas. Hence the crack spread narrowing.

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  8. dk

    think I just got hit with errant arrow from LULU. Oh well. Should have ducked.

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  9. KCScott

    what up with GMCR? Arthur Anderson back in buisiness?

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  10. Raul3

    SO far this morning has been a buying opportunity.

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  11. Yogi & Boo Boo

    Good idea. Worst year for me since around 2001. This feels far worse, since I was up in 2008. Bullshit market.

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  12. Fly Leech

    Anyone been watching PEIX? I was sick of watching it leave me behind so I jumped in yesterday. Now I feel like I’m having sex in an Indy car at 200 mph without a seatbelt.

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    • Mad Willie Thompson
      Mad Willie Thompson

      Rookie mistake. ALWAYS wear a seatbelt in that situation. Indy cars don’t have the safety handles over the windows.

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      • TraderCaddy

        Tough for Fly Leech to do wearing a seatbelt, but he needs to be sure he has the Hans neck and head device attached.

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  13. Canada

    You spelt “favours” right … no need for the (sic)

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  14. Lurker

    Big move in TEA. Hope this works out.

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  15. Dr Funk

    Is oil pricing in an Iran issue, or speculating on such

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    • drummerboy

      with the r-bob out of sync with oil price action, the answer is yes on the speculating on such.

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  16. jworthy

    y’all bitches might become liable for what you say here…

    http://americancensorship.org/infographic.html

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  17. D. Kass

    FTK rises again – quality stuff always rises to the top.

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  18. JakeGint

    Back for a brief chat… I’ve been roaming in Alf country, y’see.

    Interesting bit about TEA that might interest some of you Darling-Jeelings.

    ___________

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  19. Mike

    fucking WNR…

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