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
23,466 Blog Posts

Musings From the Top

Never mind dry bulk shipping rates in the gutter. Dry bulk shippers are off to the races, just like the homebuilders, despite fundamentals. After all, the market is a discounting mechanism. Therefore, it is discounting all of the bad news and putting it in the glove compartment, to be forgotten forever–until a cop searches said car of course.

Normally, I wish good fortune upon everyone. I have no desire to strip you of your coin, unless you have it coming to you. I read your comments and feel the vast majority of people here do not deserve to have money. You should and shall be stripped of it!

Good heavens, FOSL was down 5, now it’s doing the Michael Johnson. I guess I was right about that fucker too when I was buying in the high $70’s. The same people who talked shit then, talked shit about LULU, DECK, GSVC, WNR and now the SPY. Generally speaking, and I mean this with the utmost sincerity, you have no fucking idea what you are talking about. It’s hilarious, actually. My colleagues throw mashed potatoes at the screen, rolling on the floor, laughing at your folly. Some of you are the worst investors in America.

You do realize I speak with thousands of investors, right? See, unlike the other piker finance bloggers out there, or talking heads on the teevee, I run a multimillion dollar money management business and talk to some of the wealthiest people in the country. I get a feel for the economy and test the winds through candid discussions. I’ve encountered some truly talented people in my career and some pretty awful ones. By far, some of you are the worst investors I’ve ever had the dishonor of meeting are people from the internet. So many of you are disheveled, unemployed, small fish, trying to skirt responsibilities through trading. Doubly painful, it’s the very people who think they are so good, calling me (chuckle) a contrary indicator, who live on the bottom of the barrel.

This is your wake up call, pal. Get to work.

NOTE: Today’s VXX buy represented 3% of assets.

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47 comments

  1. BullRun

    Just got fucked on ENER…. -80%

    The chart didn’t show that one coming.

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  2. clegger_2000

    In other news, Allen Iverson is still broke.

    Fly do you work with any “celebrity” athletes?

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  3. donker

    whats your take on gsvc now? there should be at least one more fbok run…

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  4. me

    Yeah you called me out. So i’m a dirtbag shirking my responsibilities trying to make money in the market. My ultimate goal i suppose would be to become a piece of shit like you with money.

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  5. MetalLeg

    Glove Department?

    Glove Compartment

    A game!

    🙂

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  6. drummerboy

    phuker

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  7. copemedia

    TVIX ripping tits. Tip of the hat sir.

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  8. Scott Bleier

    Interesting as most every professional or business owner that I speak to does not see what the market thinks it is seeing this election year…

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  9. Yabollox

    Every person should have the same amount of money all the time.

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    • Marc David

      While that sounds like socialism, I like it! We’d get the same amount regardless of merits correct?

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    • Gambler

      So if I have $1M, spend $1M does that mean $1million magically is returned to me after spending it?

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      • Cascadian

        If you spent a $Million is would only be because of necessity, and should be replaced of course.

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  10. Gambler

    I just saw the guy with the Fat Finger.

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  11. Guy

    Ouch! That really hurts!

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  12. TMoe

    still loving my ZNGA purchase a few weeks ago. Now the question is do I hold into earnings or take my money and run?

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  13. Honey Badger

    I read your post and think…This guy sounds like the government.Is He?

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  14. Miles

    Monsieur Fly,

    Not that you in anyway need my praise…but fuck it, i’m giving it…I’m a sales guy making the bare bones minimum to live a decent life of foie gras on the weekends(200K)and yeah i don’t know shit FROM shinola(yeah it’s a bit of racist saying)when it comes to investing…this is precisely why i read your blog and get ideas from you and some of your heavy hitters…and honestly, you’ve helped me make a lot of money…So, Merci very much!
    -Miles

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  15. Trading_Nymph

    Dry Shippers had to cut rates below actual cost to move ships from one location to another…not the best biz model imho. The big Capes are dead regarding demand and are still at rockbottom.

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    • Cascadian

      When I was in college Boeing had massive layoffs in Seattle. U-Haul paid college students to go out of town and drive their trucks back to Seattle empty.

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    • Oh Really

      You think taking a short term hit for potential long term benefit is bad? Thank God you don’t run any company that I invest in.

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  16. donker

    hey fly what about GSVC here? looking good

    btw: CPSR MUST OWN HERE

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  17. Bullish

    LOL – The Bears have got to be loving this dip buying.

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  18. BullRun

    There will be No More down days until Nov!

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  19. Rob T

    “By far, some of you are the worst investors I’ve ever had the dishonor of meeting are people from the internet.” … at the risk of incurring your wrath, may I suggest that perhaps this sentence has two predicates? (waits for ban)

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  20. razorsedge

    Nat gas plays gentleman. The coal numbers show the move is picking up! I think this could move r country forward and create jobs , lower oil.

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  21. Jim Gator

    Hey what do you guys think about CPST??

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  22. Mr. Pink

    The fly aka Summers Eve Rep. seems to be back listening to officer Ricky.

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