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
23,433 Blog Posts

It Was the Best of Times, It Was the Worst of Times.

Unfortunately, I know someone who is LONG 300,000 shares of TVIX. He is not a stupid man, either. The losses are in the millions and life must suck for him. How do you come back from a disaster like that? Easy, you just fucking do it. Plenty of people have dealt with far worse adversity than monetary loss and come out on top. If any of you buttfuckers are feeling all down and out because the market slapped you around like a little bitch, snap the fuck out of it and get back on your horse. No one likes a loser. More importantly, no one like a loser who feels sorry for himself; it’s just pathetic.

My Grandfather had to deal with thieving “fucking firemen”, who stole his “fucking stamp collection” when he burned down his business for the insurance money. If he was able to come back from that blow, so can you.

With regards to the market: we have a divergence. Tech is weak; but commodities are strong. This is your “Tale of Two Cities” (you dummies should read some Dickens, it’s good for the brain) and someone is on the right side of the trade. With China being the bigger concern here, I have to believe the commodities are speaking truths, whilst the tech stocks are fucking lying.

By the way, I read an interesting research note that said SNDK is enjoying an unusual tailwind thanks to the weaker Yen. Apparently, their EPS may be helped by 5-10% thanks to the Yen going lower. Food for thought.

Courtesy of The PPT, here are today’s Basic Material winners.

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29 comments

  1. The Zombie

    The Fly is God.

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  2. Geoduck

    Your friend should sue fucking Credit Suisse. They still have billions in Nazi gold to pay him off.

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  3. JakeGint

    Monsieur — If Grandpa Ernest did the Yiddish Lightning on the place to get the insurance money, why didn’t he take the stamp collection home for inspection the evening before?

    _______

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    • The Fly

      because it was in a fire proof box and didn’t think he needed to worry about it? I don’t know how criminals think, so it remains a mystery.

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      • JakeGint

        You would think the fire-proof box would have begged the question: “Hey Joe Stickfingers the Fireman, wtf is my stamp collection?”

        Baseball bat in hand, of course.

        _____

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        • wilms

          It would look less incriminating if he left his valuables in the safe.

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      • MCPJ

        Your grandfather could shed some light on the criminal mind, just ask him

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        • ruggyup

          There is a respectable cadre of profound thinkers who maintain character and behavior patterns pass directly from grandparent to grandchild whilst skipping the grandchild’s immediate parent. Fuck you all, I’m just the messenger.

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        • The Fly

          he’s dead over a decade

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  4. OTS

    It sucks to lose money but in this case why didn’t your friend take the time to realize what the situation was in TVIX? A little bit of research would have allowed him to see that when CS reopened creations that the premium would disappear. This has happened with multiple ETNs in the past and generally they eventually reopen.

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  5. Rat f

    “to had deal with”???

    Grammar old chap, grammar

    If you are going to play at being a gentleman at least try to write like one

    That will be all, carry on…

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  6. Hack

    Home builders are getting kicked in the nuts. I don’t fall for the Cramer theory that ” the housing market is recovering”.

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  7. Sir Jack Wadds

    Thank God you are back from “hangin in the tall grass” for the last 3 mos. FIG

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  8. Mike

    “My Grandfather had to deal with thieving “fucking firemen”, who stole his “fucking stamp collection” when he burned down his business for the insurance money. If he was able to come back from that blow, so can you”……….as KP would say – “thats pretty fuckin funny”

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  9. Anton

    So what did your Grandfather burn down to “get back in the game?”

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  10. surplusdroids

    WTF. Unrelated but interesting.

    HFT haven the BATS exchange IPO’d this morning.

    And apparently the stock flash crashed. (It only trades on the BATS exchange I believe.)

    I think some shares traded at 0.00

    Ironic no?

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  11. haveseenitall

    are you sure this yelp is worth a play

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  12. Trading_Nymph

    That housing data put a fire into the USD selling over hopes for the Clam, FWIW, it looks like we are having a Clam Fight, PM Noda and BoJ are really trying to weaken the JPY, which in turn will rally the USD/JPY..not good for our exporters.

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  13. Rat f

    You write it as if to say that it is unfortunate for yout know this fellow, but what you probably meant to say is that you know an unfortunate fellow.

    Again, if you are going to play at being gentlemen at least write properly

    Sloppy mind

    Carry on …

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    • Bob the Builder

      Are you purposely writing poorly so as to show us all an example?

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  14. Rat f

    So tighten up the fucking writing, for crying in a bucket

    You can call me the “grammar nazi” if you like

    (examines fingernails)

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  15. Bob the Builder

    Senor Dr. Le Fly,

    Have you looked at ticker:CHEF? It would seem to fit right in with your gastronomic predilections.

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  16. rru2s

    $GTXI, SeekingAlpha article imminent. Citi’s top 2012 biotech pick, $19 target. Ostarine sales alone worth $11/share.

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