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
23,470 Blog Posts

CORRECTION OVER

See, I fucking nailed that top. Did you see the faces of your workers as the market slid about an hour ago? SHEER FEAR. I saw two fuckers throw themselves off a window ledge into some windshields down below. It was ugly.

Today’s crash was fueled by the gold and silver collapse. It’s fucking crazy out there. Traders were just selling shit, without even knowing what it was. It was equal to sticking your hand in a bag of garbage and eating whatever you grab. Sometimes you get plastic or napkins, other times you get steak bones. Either way, it makes for a bad meal.

I was “fortunate” enough to buy more VXX as it was down about 30 cents. It quickly spiked the fuck higher, as the market crashed. It was sublime.

I’m just trying to keep it real with you voyeurs, in order to educate America’s poor about this shit we call “stocks, bonds and other shit” here in NYC.

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36 comments

  1. lol

    The crash was so severe, I saw a man at a trading desk open his mouth in shock….

    turns out he was just yawning….
    carry on

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  2. doug

    I love the garbage bag scenario! Your the best!

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  3. NC DJ

    LOL! this shit is too funny …

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  4. JTU

    With gold down $65.00, silver down $2.18, oil down, copper down,the U.S markets are hardly down. Fund managers probably took profits early today because it’s the end of the month and they’ve had a great 2 month run. VXX is down over 2 % now. It appears that dip buyers are coming back into this sell off.
    TSX is taking a greater hit.

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  5. BH

    Question, why $VXX is losing more than $TVIX at this second? -2.6% vs -0.24 %

    I appreciate it if anyone can help.

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    • Caruthers

      My question exactly.

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    • observer

      Credit Suisse suspended issuing shares of TVIX last week. The supply constraint in TVIX shares has caused it to trade at a premium to its NAV….for now anyway.

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  6. Queequeg

    Good Shit… not done IMHO though. RUT needs to finish….TZA needs to drop below $18.

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  7. NC DJ

    Zombies will rise, as fly mentioned, and will indeed head over to the NYSE and eat the brains of Bulls. I think it’s going to happen in March. Zombies will get to bulls before bears …

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  8. Trading_Nymph

    The Bulls are not reading the signs at all, we can’t get a nice cont of my downtrend until AAPL rolls..Lesson Learned, When Yogi tells me to take profits before Bank of England goes QE, I will listen to him. That Oct rally was a ouch but it does appear BoE, ECB, BoJ, Aussie,USA is QEed out for awhie.

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    • Po Pimp

      You have been short for almost 3 years. Now who has the problem with reading the signs?

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    • Kenny F. Powers

      Seriously. Your main thesis is to short the best fucking stock in the whole world? You are one crazy fuckstick.

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  9. Super B

    Dr Fly, When you are going to sell VXX?

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  10. mhass33

    get out of the market right now

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  11. JTU

    No dip buyers for gold or silver!
    The Buffet effect!

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  12. The Last Train To Clarksville
    The Last Train To Clarksville

    R.I.P. Davey Jones. I’m A Believer.

    http://youtu.be/XfuBREMXxts

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  13. Belly of the Beast
    Belly of the Beast

    Buyers finding value in WNR after a miss and downgrade.

    RIP Davy Jones.

    What memories from a group of actors faking it as a band and writing their own music.

    Here’s Davy giving Mickie Dolenz the spotlight:

    http://youtu.be/XfuBREMXxts

    .

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  14. Goldie

    IYR calls

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  15. Belly of the Beast
    Belly of the Beast

    Maybe Morgan Stanley just wants WNR at a lower price, downgrading to equalweight.

    When I was 9 or 10, I used to come home from bowling after school in Greenpoint Brooklyn to catch the Monkees at 5 pm.

    I like the hard stuff, but back in the day,
    the Monkees Rocked !

    http://youtu.be/KnMuwzm7kw4

    .

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  16. Goldie

    KOG above 9.80 might have to stab that long

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  17. razorsedge

    ive noticed that spanish people are very particular on what kind of noodles the eat, they seem to prefer K-pasta.

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  18. Belly of the Beast
    Belly of the Beast

    Jose, can you see ?

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  19. Yabollox

    Market is playing honey badger today.

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  20. BrokeMedStudentInvesting$am's$
    BrokeMedStudentInvesting$am's$

    Fly, since you’ve doubled down, what price (up & down) will you be selling VXX?

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  21. arizonaborderguard
    arizonaborderguard

    I have not posted for sometime now mostly because I have nothing worth saying but this post Sir is the most amusing I have read all year.

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  22. JTU

    OK VXX is not doin very well!

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    • razorsedge

      u noticed, i bot as a hedge on fri, its screwin me like everything else. (vxx)

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  23. razorsedge

    is it too early for davy jones locker jokes?

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  24. crazymoppo

    I’ve had VIXY for a while now, it is sucking whether the market is up or down, but I suppose 0.15% in either direction is not what you’d call volatility. these instruments can and do spike massively when the stuff starts hitting the fan.

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