iBankCoin

Down Goes the Euro; Down Goes the Market

Italian yields are up and the Euro is getting punched in the face. As a result, this rally is being sold. It could come back. After all, it is Ben Bernanke’s birthday and today is Fed day. However, the market looks like shit.

I had nice gains this morning and now they’re all gone. Should we continue to weaken, I stand to lose a great deal of money. I am calling in all favours here, demanding my Voodoo Physician make the sacrifices needed to switch the momentum hammer back into my corner.

It’s all relative, frankly, Easy come and easy go. There isn’t a chance in cold hell for this market to trend higher while the euro dives.

Honestly, I am quite shocked that we are still up.

In other news, Iran is playing with their speedboats in the straights of Hormuz. Do they really think our aircraft carriers will allow them to close it? Come on.

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49 comments

  1. DipChit

    And then it hits the fan

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  2. #Occupy Gold

    Brünnhilde’s Immolation Scene

    Coming?

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  3. Colonel von Ryan

    Weak leaders breed contempt so even the smallest of countries can become hard core bullies. North Korea will be next…

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  4. moolahheaven

    Down goes Euro! – H. Cossell. Will ‘Obama’ allow the Muzzies to play? He has so far, but maybe it’s time for him to play his muzzie game of ‘Tekia’ (look it up fellers) and throw his Jihad buddies under the bus – election 2012 is coming and he will do anything to stay in the WH.

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  5. tomhendrix777

    market up Euro plunging im buying this dip at some point

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  6. Juice

    $USD is overbought … there should be some relief on the way

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  7. jg

    #investmentgems
    “I try to avoid being long names, even for a trade, that go against what I believe in.”

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  8. DMG

    Pretty cool – i scanned the bar code from the front page pic with my iphone and the price that came up was the annual subscription to the PPT.
    Genius.

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  9. MCPJ

    I think the problem with the strait is that if iran were able to place only one sea mine we need to assume they were able to place two and it would take days to complete a full sweep effectively shutting down all commercial traffic, especially those carrying oil

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  10. tw

    The Iranians have been watching those clowns in Europe move the mkt around with every rumour and inuendo….so they wanted to see if they could play too.

    It worked so far, so expect more from them and every other tinpot dictator.

    Ain’t HFT fucking great?.

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  11. toobusytotrade

    Best new frac company pure play: CJES.

    Rather than join the fracking frac bashers, I prefer to make some money.

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    • riggedgame

      You like earthquakes and poison drinking water?

      You be some strange dude.

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      • toobusytotrade

        Worrying about fracs makes as much sense as worrying about a helicopter falling out of the sky and landing on your house. People can’t admit they don’t understand the science and don’t know who they can trust anymore.
        But who cares – let’s make some money. I am. CJES.

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        • riggedgame

          We already had one quake a few months ago cause by fracking. It killed people and did billions in damages in the Northeast.

          What we should stop worrying about is airline b0mb1ng, and we should dismantle the farcical department of Homeland Security.

          Who gives a shit if we lose a few planes.

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  12. chuck bennett

    IRAN

    as I been saying for a year. we are going to war soon enough.

    regards

    chuck

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  13. MetalLeg

    Do the Swiss allow their currency to get ass hammered with the Euro or do they de-peg? Perhaps reduce the peg?

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  14. Yabollox

    Lets give Iran one of our most top secret stealth drones. Just to make it fair. Then, don’t try to blow it up once they have it.

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    • dk

      Our military didn’t know where the drone was. It didn’t crash. Somehow the Iranians gained control of it and landed it. Smart fuckers.

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      • Dirk Diggler

        I was wondering why it was undamaged

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      • Geoduck

        We lost our data link. The plane is designed to be super stable in the air, so when our pilot lost control the thing didn’t spiral into a crash like a jet fighter would, it just landed itself. Losing a data link is much more understandable (imo) than Iran somehow interrupting it. I lost my wifi link with my printer this morning. I just think there should have been a self-destruct function in there somewhere, but hindsight is always better.

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  15. Trading_Nymph

    lol, It really is the clams birthday. I will still have to go all Mortal Kombat on him,though.

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  16. razorsedge

    iran, send them a trojan horse. filled with toxic mortgages.

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  17. Mrs. Peabody

    I want to bomb bomb bomb – bomb bomb Iran. Cruise missiles into their only refinery. Sink their little navy – hurt them….bad. Those Assatollahs understand pain.

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  18. 4fl3x

    Can’t wait for your next move Master Fly, I’ve gotta feeling your going to nail it.

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  19. razorsedge

    ban on texting and phone calls while driving, how nitpicky can u get. whats next? no drinking and driving?

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  20. Dr Funk

    Like I said yesterday, the market WANTS to go lower

    It is being forced higher

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    • Taco

      I predicted the short-term downtrend. Not rocket science, though, since the majority of breadth trend indicators are suggesting a downturn. Wish I had the balls to act upon it.

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  21. RippinTits

    Alright, not gonna lie. Kind of getting worried here. I am down 4% today. OUCH!

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  22. ALLPROz

    Broken Bots gone wild…

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  23. ALLPROz

    MArket tanking yet VXX varely up…hmmm.

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  24. TraderCaddy

    Happy Birthday Ben!

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  25. Geoduck

    I’m buying a little more LULU here, just to fill out that position.

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  26. Sparaticus

    Barry Teppers getting it done to him Sandusky style by the Grinch.

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  27. Trading_Nymph

    What did the Nymph get for Christmas. Oh, its the spine of the Clam…just what I wanted. That Friday rally over hope of QE3 was just silly.

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