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
23,468 Blog Posts

It’s All Coming to a Head Soon

I am very sorry to interrupt the birthday celebrations of living legend, genius, Philip Glass. As you know, he is 75 today. What you don’t know, aside from his soon to be released 9th symphony, the market is overheated and will collapse soon.

Gay people walk through the streets of Manhattan and Richmond, buying toys for kids and for themselves. Gucci stores are sold out because we’re all fashionistas now, even the once tough gangster rapper genre are gentrified beyond words.

“The Fly” spits on this under-class, but represents himself in the finest cloth because appearance means a great deal in this life.

I am sure some of you walk around town in pajamas or oversized Lee jeans, pretending it doesn’t matter. Get your shit together, you disgrace!

Today was meaningless for me. I sold all of my GMCR for a 5-7% gain and bought more SODA. I am waiting for a pop. In my personal, I bought a little TZA and trimmed some of my SFLY.

Bottom line: I now hold a 75% cash position and find myself to be bored, by the market, by you, and most certainly the monotony of guessing.

[youtube:http://www.youtube.com/watch?v=HjQA6rMwDlE 603 500] [youtube:http://www.youtube.com/watch?v=EILxM-e3nVU 603 500] [youtube:http://www.youtube.com/watch?v=lR9tvIuzF4Y 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter

62 comments

  1. Jakegint

    LOL… I swear, sometimes your shit comes this close to sounding like some deranged North Korean propaganda exhortations…

    I am sure some of you walk around town in pajamas or oversized Lee jeans, pretending it doesn’t matter. Get your shit together, you disgrace!

    Chuckle…

    ____________

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  2. moolahheaven

    I bought just a little SODA today and followed you, the chart looked good and you are clearly from another dimension, but it naturally begs the question: why did you buy it (or anything else) if you think we’re overdue for a pullback? I also think we’re overdue for a pullback but I have far more faith in your ‘urinal shadows’ then either CNBC or the cacophonous claptrap I often read on twitter.

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  3. Keoki

    I listened to him on NPR today; he sounded hyperactive and was very interesting.

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  4. Dj

    Thanks Fly, I feel more comfortable now after having purchased March put options. Do you think the market will pull back at least 10%?

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  5. Marc David

    Just when I think I’ve got the Fly all figured out … I don’t.

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  6. Craftsman

    I have never seen gays walking through Manhattan. You lie!

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  7. Blind Read Ant

    Scopes Rule: http://goo.gl/LnG6f

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  8. Yogi & Boo Boo

    Thanks for the Glass.

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  9. The Fly

    Gay as in happy, not homosexual

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  10. kidstock

    Anybody notice that the Nasdaq 100 is making 10 year highs???

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  11. Dj

    DOW will see 12k before it sees 13K.

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  12. hillary climtoon

    phillip glass – a tad pretentious no? stick with sinatra…

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  13. Frog Playing a Colorful Accordion
    Frog Playing a Colorful Accordion

    Wow, some great music again. Thanks, Fly.

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  14. SteveTheNeighbor

    Neighbor Fly. No reason to make a big megillah out of this market. If you go to my stock blog makinggeltwithsteve.com you will read that the moving averages have crossed and formed a Star of David. This is very bullish for the tribe at Goldman Sachs. Buy GS at the open and let it run like Jacob Greenberg running the 100 at the Maccabiah Games.

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  15. flyaway18

    Tea, any chance we can get some Elliott Wave perspective or are you bogged down 🙂
    Fly, I’ve consulted with other stockpickrs far more knowledgeable than myself, and they all say that there has never been a correlation between gold and TLT. Would you care to comment on this statement? A while back you said watching the action in TLT would determine an entry point for gold. I quit watching and just bought GLD in the 150s.

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    • TeahouseOnTheTracks

      OEW Update: Upon completion of Minor 4 we rally to higher highs (1345?)… OEW Charts are currently neutral.

      “We labeled yesterday’s SPX 1300 low Minute wave A, and today’s 1321 high Minute wave B. Minute wave C, of Minor wave 4, should be currently underway. Should Minute C find support at SPX 1300 it could end Minor wave 4 with a small flat. Should Minute C find support at SPX 1288 it could end Minor 4 with a simple zigzag. In both cases the low should be around the OEW 1291 pivot range, and Minor wave 4 would have taken about 1 week.”

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  16. TMoe

    “The Fly” spits on this under-class, but represents himself in the finest cloth because appearance means a great deal in this life.”-

    Ha Ha good shit right there

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  17. TMoe

    THe reason why I only buy fish at whole foods in being told right now cnbc

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  18. Anton

    I love the sound of Philip Glass.

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  19. alf44

    Newt Gingrich is LEGEND …

    … in his OWN mind !!!

    —–

    What a laughable pathetic buffoon !!!

    .

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    • alf44

      Hmmm … not a single voice in disagreement !

      I am apparently “preaching to the choir” !!!

      LOL

      .

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      • Jakegint

        You are. But as a solid commie Dem, you should be sending him money like the wackjobs on Twitter who would rather support a deranged Oompah Loompah than a Mormon from Boston.

        But maybe you are sick of Dear Leader as well?

        _______________

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        • alf44

          I honestly don’t even know what that incoherent post means !

          —–

          Jake !

          You are a “drowning man” … desperate … grasping … scratching … clawing …

          DEAD !!! (as it were)

          😀

          .

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          • JakeGint

            There are reading comprehension courses available for seniors, too.

            😉

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          • Libertarianism. It's not Communist.
            Libertarianism. It's not Communist.

            Spoken by a solid commie Repub. Not all of us are so brainwashed as to believe the lie that dem and repub are not two wings of the same commie bird.

            Libertarianism. It’s not Communist.

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          • Jakegint

            No, it’s just suicidally delusional.

            And, more important, a de facto vote for the communists.

            Barack thanks you for refusing your lithium.

            _________

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          • Classical Raga

            And you think that Mitt and his central banking ties are not of the Communist variety? Are you a stupid person or just extremely ill-informed/gullible?

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          • Jakegint

            I am sorry. I am a loser fucking communist pig. I need to be put on an island in the middle of the ocean.

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          • Classical Raga

            Lithium? You fucking Fabian asshole. Pulling your bullshit Alinksy strategies. Calling your opposition crazy. Fuck you, you treasonous asshole. Anti-American FAGGOT!!!

            What the fuck — you are allowed to post on your own blog here? You should be fucking banned from the Intertubes!

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          • Yabollox

            Newt a Libertarian? not in my book. Ron Paul maybe, but his version is a little warped.

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          • Classical Raga

            Warped libertarian over completely fucked up Communist any day of the decade. Thank you.

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  20. Po Pimp

    even the once tough gangster rapper genre are gentrified beyond words.

    You can take the pimp out of the ghetto but you can’t take the ghetto out of the pimp.

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  21. Jakegint

    Call me a Philistine, but Phillip Glass is “meh” compared to the Greats.

    His schit sounds like the background score of a movie between action scenes.

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    • Blind Read Ant

      I like Glass for the reason you mentioned.

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    • The Fly

      Jake

      Glass is one of the few living legends in classical music. He has a wide array of music out there. I suggest buying his latest 9th symphony, just three movements to it.

      Perfect.

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      • alf44

        … ah hem … pass tha Hush Puppies and Slaw … please !

        Thank you !

        .

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      • Classical Raga

        Give the true masters a taste, if you are sincere in your exploration of greatness. Cultural boundaries will transcend you.

        Nikhil Ranjan Banerjee
        Ustad Ali Akbar Khan
        Toumani Diabate
        Ali Farka Toure

        Glass dreams he had their talent.

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  22. Woodshedder

    Richmond, eh? So your spies are still in town…No worry, I wear Lucky Brand jeans, only.

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  23. JakeGint

    On second thought, why bother Smelting In Mongolia, when you can make these picks here?

    _____________

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  24. Trading_Nymph

    Global PMI’s are coming out tonight..market can’t roll until that thorn in my side AAPL rolls. Fly was right, they are still buying it as they shop at Gucci while saying “hey it will never go down, I must buy more, more, more”.

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  25. Mike

    WNR…AG….thats all for now

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