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
23,446 Blog Posts

The Bears Are Dead

What a humiliating close for the bears. You people literally have nothing to hold onto, not even GMCR or SHLD. This shit is out of control to the upside and your guts are now festooned around the horns of the bull on Wall. There is NOTHING that you can say to justify your stubbornness, missing out on this run. This is not an excursion into the psyche of what makes people buy stocks, regardless of negative news flow.

This is about making money.

Either you’re in the game, or you’re the old fucker telling the kids to “get the fuck off the grass.”

Into the bell, heavily shorted stocks trail-blazed higher, such as CX, SFLY, JRCC and YOKU–just to name a few.

As for me, I bought more CPST because I can. And, I ate a granola bar while annoying my wife during an afternoon drive around the neighborhood.

http://www.youtube.com/watch?v=-aAoA2dgasg&feature=related

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101 comments

  1. clegger_2000

    Did the word “pal” come up during the conversation?

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    • The Fly

      not today

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      • The Fly

        For those of you unaware, when talking to your wife, if you add the word “pal” at the end of any statement while talking to her, it will drive them crazy. It’s like an instant argument starter.

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        • tm

          I’m going to try that asap.

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          • The Fly

            Do it.

            Tell your wife, “so what’s for dinner palllll”

            Let the L linger. She will get pissed the fuck off and say “im not your pal.”

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          • drummerboy

            nevermind

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          • Drewdog12380

            lol – I’ve been calling my wife “woman” recently and shes actually likes it. I’m shocked but love it.

            e.g. what’s for dinner “woman”?

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          • The Fly

            Clubber Lang style

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          • MetalLeg

            My wife will be picking me up from the train station in 30 minutes. I plan on “pal”ing her a few times on the ride home and then stuffing my face while I watch the Knicks get their asses beaten by the Bulls.

            I am figuring the question, “what’s with the pal remark” will be all I get but I’ll report back my findings at halftime.

            I may be obliged to confess that it was all Fly’s idea. If “pal” doesn’t piss her off, perhaps that will.

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          • MetalLeg

            Tried it on 3 times. First was a chuckle, second a head shake, third a puzzled look. If I keep it going, I’m sure she’ll freak soon.

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          • MetalLeg

            Now she’s turned the tables and is calling me pal.

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          • dvae

            Try “bitch” next time.

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          • The Fly

            I’d never say that to her,
            No matter how mad I get.

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          • Dog

            Yep, can’t call the wife a “bitch”. I figured that one out 18 years ago. She’ll f*** you up if you call her that.

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          • dorikiev

            I would never call her a bitch, but I do call her a trick from time to time and get away with that so it’s all good. FFN climaxed today.

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          • MetalLeg

            Dave (dvae?),

            I bet you’ve never been married.

            Regards,

            John Wayne Bobbit

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          • MX2101

            Then there is the “do I look…” question.
            With regard to age, the answer must be old enough to be credible, but not within ten years of her actual age.

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  2. Luv2Gambool

    Goldman was buying the close too….Maybe NFP is boom boom?

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  3. Mr. Partridge

    I kind of wish market went down 100 points or so to trap more 🙂
    I think you hypnotize me online as I was eating granola bar too.

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  4. andi

    that SFLY execution was rather messy…that you panicked and sold was more befitting of a novice…oh wait…

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  5. Curious

    Le Fly, Where did you ditch the drunk Donkey you were stylishly atop of earlier? Was it a rental?

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  6. Mr. Partridge

    Tomorrow NFP preiction:
    NFP# are good – market goes higher
    NFP# are bad – market goes higher
    NFP# are unchanged – market goes higher

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  7. Johnny

    Baltic dry index?

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  8. WTF?

    Fly Yesterday, “The market should be sold here. Fuck what you see; do what men in top hats are doing: selling. This is a classic blow off top in the making; you just don’t know it yet. I am elated to see SFLY and SODA shuffle higher. But let’s face it, you have to be a fucking monkey with a hard-on to buy this shit, at these levels.”

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    • The Fly

      Yes, I stand by it. But as a mere market observer, am I not allowed or permitted to report what is happening?

      I am not saying otherwise, am I?

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  9. JTU

    Sold out of my GSVC, WNR and CVI today to raise a little more cash! Fuck this Bullshit!

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  10. Tradeadan

    Your right the “PAL” word makes them kookoooer!

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    • The Fly

      Yes.

      When she says, “honey, throw out the trash.”

      Reply” wait a second PAL, why don’t you do it?”

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      • Cascadian

        The guy says, “Yeah, I was gonna take out the trash anyway when I get a minute.” Then take at least another hour to do it.

        On the other hand, if you want to impress your wife, put a towel in the dryer while she’s in the shower. Then hand her a nice warm towel as she gets out of the shower or tub. It’s like magic!

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        • drummerboy

          fuck that.cook dinner and do laundry, take the brats all over. clean the crib. cook a brunch that she could never match. smoke a ham. butcher a cow.mend a fence. and at the end of the day.give her some” shaky puddin”. fuckin cowboy

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        • The Fly

          That’s a good one Cascadian.

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        • Bleached Asshole

          +1

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      • dvae

        When she says, “honey, throw out the trash.”

        Reply ” You’re too heavy.”

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  11. Blind Read Ant

    IN OTHER NEWS: Time to learn German. It’s a return to a new generation of Fascism. Replacing Greek and Italian Executives isn’t enough, it’s back to attempts to pillage the UK; once again:

    http://www.youtube.com/watch?feature=player_embedded&v=yYHUR1E7xaI#!

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    • JakeGint

      Gotta love Farage!

      ______

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      • Blind Read Ant

        Farage is a sane voice in a 21st century parliament filled with 19th century Eurocrats.

        They’re all so quietly vile and venomous that Farage goes against the grain. Meanwhile, he’s got it all: panache, courage and sincere advocacy for “democracy”; in the face of crazies!

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  12. Dr Funk

    DVAX BTFO

    Over 4…..

    Cost basis, about 2.50

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  13. skyfish

    mR. fLY,

    yOO Hav bIN gR8 oF lA8.

    pAL!

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  14. DJMarcus

    fly

    looking for shorts – which i know u dislike doing – but any thoughts as to something that looks off? Or any screens u recommend running in PPT?

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  15. flyaway18

    PAL means Peace And Love!

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  16. gumby

    The most important thing to watch today is commodities, the CRB Index. If CRB drops under 309.50, algorithm, Keybot the Quant, will likely flip to the short side possibly ending the long six week market rally.

    Utilities moving along a descending triangle. Price failure would occur at about 490.70, the base line of the triangle critical 453 level and a failure is another feather in the bears cap.

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  17. gumby

    ohh sorry ..1 bear left !

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  18. MOOBER

    Awesome pic/headline combo on front page

    Pal.

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  19. Daryl Nielson

    Hey Fly I like the idea of news on your site but having your bloggers post directly from the bullshit mainstream media all day long is worthless.

    How the hell is this crap information going to help the traders reading your site? We can get this same crappy information anywhere on the Internet.

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  20. FIG

    What a move in GMXR today. +60% on MASSIVE volume. Looks like a major reversal, FTK style. Fly called it again.

    What I find curious is how hard the preferred shares got hammered over the last week.

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  21. Honey Badger

    Get the fuck off the grass!

    Disclaimer: under 47.5

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  22. Colonel von Ryan

    Even Joe down at the mill rebalanced his Fidelity 401k account from PARRX to FLVCX

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  23. Half Blood Pope

    Pissing off the wife using the word pal is good but snapping your fingers to get your bartender’s attention and then finishing off every sentence with ‘chief’ is even better.

    For instance, “How about three fingers of Glenlivet chief?”

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    • Half Blood Pope

      Tried the ‘pal’ thing about 6 times but just got ‘WTF is that?’ in return. When I explained it was recommended by The Fly she finally got pissed.

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  24. xxxHuggieBearxxx

    I am one of the bears you speak of. I do not know how i became one, and i am not sure how to put an end to the pain.

    But, if the jobs number and market reaction goes against me, i’ll capitulate tomorrow.

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    • alf44

      … no you won’t !

      You know it … I know it … Bob Dole knows it !!!

      LOL

      .

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      • xxxHuggieBearxxx

        when i say it, i’ll do it. mark my words.

        If the market finishes down .5% tomorrow, i’ll hold my positions.

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  25. CalgaryG

    This thread is the funniest in a long while…….. Thanks

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  26. JTU

    The Bears are dead,
    …until at least tomorrow.

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  27. BullRun

    Once upon a time, some weak pathetic pussy coined the phrase “winning isn’t everything”.

    We don’t beat our opponents gentlemen, we crush their will to live, we suck the milk out of their mothers tits and use it as mouthwash.

    Where do we come from gentlemen? “most men think they just dropped out of their mother’s womb like some kind of glorified jellyfish,

    Champions know they came from their Father’s Balls!”

    Now go home tonight and think about that, and think hard about what category you fall into.

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  28. JakeGint

    Get those granola crumbs off yer Vineyard Vines’ tie, paaaal!

    And step into some black gold, eastern KY deep minin’ style.

    _______

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  29. trendlinekid

    this is for you Fly. Thank you for an extraordinary week of wisdom, intellect, poetics & fortune. Be well ethereal friend

    http://bit.ly/le_fly

    ::Mike

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  30. Mr. Partridge

    IT’S A BULL MARKET!!!
    BUT YOU KNEW THAT ALREADY 🙂

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  31. TMoe

    Recession?? What Recession?

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  32. JTU

    Not a good day to be 30% cash and holding some TZA!

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  33. TMoe

    These idiots on CNBC just throw numbers around. They know SHIT!!

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  34. JTU

    Republicans can’t be too happy!

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  35. TMoe

    the largest absolute jump in ‘Persons Not In Labor Force’ on record…and biggest percentage jump in 30 years.

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    • riggedgame

      You are farting into a hurricane, Moe. The labor force used in figuring the new 8.3% unemployment went UP, job creation has averaged 230,000 per month the past three months (2.6 million per year annualized) and they are projecting real economic growth of 3% this year.

      Romney better go hide in the Caymans.

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  36. TMoe

    There you go Jim, CMG is hiring, tell that to the RMBS trader at Citi

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  37. Bobby Boucher

    We’re goin’ on a bear hunt. We’re goin’ on a bear hunt.

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  38. Paul Redeker

    The employment numbers never lie. We are in a straight up, new bull market. Stocks are cheap right now.

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  39. razorsedge

    sold out of CLNE @15.98. still holdn WPRT.

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  40. razorsedge

    smoke n mirrors for the election year. ride the bull for now. the cliff is aproaching.but not today..lolololol

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    • drummerboy

      amen on smoke and mirrors. stay close to your clne though. potus IS gonna use that as his silver bullet when the shoot out at the lazy 0 ranch comes.

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  41. TMoe

    Selling by some big boys into this spike

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  42. JTU

    PWER up over 14%!

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  43. TeahouseOnTheTracks

    Bull Flag on 15 min chart for AMSC … Ready to bust another move

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