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

GOING TO NEW HIGHS

I was up another 1.86% today, “Gretzky Housing” within 1% of all-time highs. Volatility is compressing for a reason: we’re heading for new all-time motherufucking highs. You bowling ball shiners can bet against me all you want. I told you before and I’ll tell you again: it’s a losing proposition.

“The Fly” weazens those who stand in his way. Aggressively with savage determination, he kicks people down manholes and runs over skeletons in his 80’s style stretch limo.

Into the bell, I puffed, puffed, puffed, long, steam rolling, egregious amounts of YELP, BID, TDC, EXK, GLW, JWN, and several others.

If you enjoy the content at iBankCoin, please follow us on Twitter

35 comments

  1. clegger_2000

    One example of a proper 80s style limo would be the one used by “The Duke of NY” from “Escape from New York”. Had matching chandeliers at each corner of the hood.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. DJMarcus

    BAC to $50.

    In all seriousness, the only financial to not have broken out is Morgan Stanley. Looking for it to move higher shortly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. leftcoasttrader

    Well played sir.

    I must say, your writing is much more entertaining when you’ve got some skin in the game.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Honolulu Trader

    $ERY 9.33 Fuck Oil!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      Oil says fuck you right back.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Honolulu Trader

        SLB and BHI was warned of weak Q’s ahead.I don’t see this being bullish for oil prices.Meanwhile OIL is looking Top Heavy at $107bbl.

        Fuck Oil at $107bbl!

        Long $ERY 9.33 looking to add if goes lower.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • John

          Oil can add 13, or 15, or 20……..I wouldn’t do what you are doing. Simply an opinion.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  5. derp

    aapl has STILL not been down for more than 3 days in 2012.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Mr. Partridge

    Dr.,
    YELP killed the bears today, congrats

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Asshole bob

    Hey guys, I have some TVix to sell you above $10…

    Hahahahahahaha dumbshit gamblers!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. chuck bennett

    I bought vix @ 6.03 today.

    gambler I is. see you at 7.25

    regards

    chuck

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. chuck bennett

    TVIX that is .

    regards

    chuck

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Whaler31

    I will reaffirm my prior post.

    They are NOT GOING TO LET THESE MARKETS GO DOWN.

    This is the end game.

    Not until they are forced to open up the vault, and people realize it’s empty, will things change.

    Look at MF Global and Corzine. How much more proof do you need to realize that the bankers are in collusion?

    He walks free, and they have hard evidence that he transferred billions of client money to J.P. Morgan.

    Folks, wake up and smell the roses. Cut you dollar exposure, before they are worthless.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Trading_Nymph

    As I said on Sunday Night, I really dislike Liquidity Rallies..it wasn’t just the Clam, it was Merkel EFSF/ESM too..but I don’t think this will last that long. No new money like LTRO, just German agreeing to move one fund to another..it looks like they won’t go to the euro940bn..IMF wants the big number.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. xxxHuggieBearxxx
    xxxHuggieBearxxx

    HuggieBear is dead folks. I am folding up shop. This meltup got me.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Bullish

      You were down 3% ytd like two days ago. How bad can it be?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        Hmmm….i reckon i am down 6% now. On a relative basis versus the SP that is fucking terrible.

        Mostly, and it takes a lot for this, i’ve lost confidence in my ability to trade the current market.

        Also, I have to pay a massive tax bill in April due to having a great year last year. Bigger than my total loss this year. Plus my basement is being finished and that bill is even bigger.

        I have liquidity problems combined with a lack of confidence.

        My new strategy is to move almost all to cash and wait for an eventual 10% correction. If it never comes, I’ll probably end up rich anyway since I am levered to the market in other ways.

        But fuck…i do suck right now. All of this shit is ultimately going to hell in a handbasket.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Bullish

          No offense but if I knew I had a liquidity event coming I surely wouln’t be gambling with those bullshit VXX products you like to play with. In fact, I wouldn’t touch that crap regardless.

          Who wants to make the right move and still lose 60% in two days?

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • xxxHuggieBearxxx
            xxxHuggieBearxxx

            those were trivial…my problem tonight is i’m short 40 ES and something is wrong with my broker and i can’t cover the position. Keeps saying i have no “buying power”, meanwhile im trying to close out an open position.

            I need to call them and have it done over the phone, but something keeps telling me its fate and if i just let it roll till morning it’ll be in the money (or at least mitigate my losses).

            Fuck this day.

            Anyway, i will probably call before i crash otherwise i won’t sleep a wink.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Bullish

            You sir are a madman!

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • xxxhuggiebearxxx
            xxxhuggiebearxxx

            Just stupid 2 or 3 times a year….I never let it mortally wound me….hence why HB is dead

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  13. widespread panik
    widespread panik

    Huggie I think you throwing in the towel is DAMN close to the top for the first half of 2012. Obama has the bankers back and vice versa. I see a big pullback during earning’s season or after, and a real test of the bull before we make new highs on………… the same week in August that last year reignited our bearish fears. Yep as the election looms closer look for the S+P and R2000 to print new ALL TIME HIGHS

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Whaler31

    I must add.

    This will ALL collapse, but not until about the same time we have mass insurrection.

    Then they will inact all the new (horrific)laws, declare martial law, and start taking the guns.

    FEMA camps are in full-turbo mode.

    You can verify all of this stuff.
    I would advise asking your reps to push a NDAA nullification bill through your state.

    I am doing it here, check out TheIntolerableActs.org to get a copy of the bill wording for your state.

    Several states have already passed, and other are in process of passing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. dave

    We go higher until we can’t. This is shaping up like ’29 nicely. We climb to or exceed the old highs, only to collapse. Or… we continue to climb to unimmaginable levels ala Zimbabwe/Weimar. Either way it doesn’t matter. When you need to go to fiat, it won’t buy you any more than it will today. Most likely it will buy you much less. Keep playing the market game because there is nothing else you can do, except buy PMs and even they are prone to huge flunctuations.

    • 0
    • 0
    • 0 Deem this to be "Fake News"