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
23,431 Blog Posts

I Gave it My Best

The market will never rally again.

Today was the day when we had to rally. It was do or die and now we are going to die.  For the love of killer infectious diseases in Africa, EUROPE WAS UP TODAY and we managed our end of the bargain like homo-hammered Greeks.

This is extremely distressing. You have no idea.

Throughout the day I conducted myself with dignity, repositioning away from old goat fucker to young gun slinger. But that didn’t matter and neither does PCLN and CSCO.

We are positively doomed. There is no hope and there is no tomorrow.

Enjoy your funerals.

NOTE: I made 0.3% today.

 

http://www.youtube.com/watch?v=RamFlOFdb6g&feature=related

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42 comments

  1. jimmy_two_times
    jimmy_two_times

    got whipsawed out of EXK yesterday, saw PPT SHOMPED it yet again.

    Note to self check before the trade!

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  2. Rhino

    Come on, quit hanging with zero-hedge so much. Just wait it out, that’s what I’m doing. Take a breath, walk away, take the kids to the beach or something.

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  3. Bullish

    I can’t keep up with your changes of opinion on the future of this market.

    Up or Down? Which is it?

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  4. razorsedge

    liv da dream, if that dont work, get a new dream. (with bigger boobs)

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    • jimmy_two_times
      jimmy_two_times

      I think thats called the “spank bank”

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  5. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Erased this weeks losses today…which were significant. Still down around 6% on the year.

    Significantly reduced exposure, down to around 65% long.

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    • Donald Flamenco
      Donald Flamenco

      This blog post reads like you’re the one who wrote it

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      • Steve-o

        He thinks people care about his positions. It’s annoying. Dude has a 4 figure Zecco account.

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        • xxxHuggieBearxxx
          xxxHuggieBearxxx

          right “steve-o”

          i know no one cares about my positions, im certainly not trying to give anyone pointers.

          i post for my own cathartic needs.

          and, by the way, fuck you.

          also, if my account was 4 figures, would i be worrying about being down 6%?

          dipshit

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      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        It does resonate with me…

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  6. TeahouseOnTheTracks

    OEW Daily Recap:

    “This market has turned quite volatile lately, four gap down openings in a row. During a decline this is usually a sign of an impending low.”

    “Overall, our analysis suggests this downtrend is not over. We are still awaiting one key indicator to confirm a potential bottom: a downtrend confirmation in the DOW. Until this occurs, we tend to believe all the rallies are likely to be fully retraced. The market has displayed some remarkable resilience over the past two days. Which suggests the eventual low may be on the high side of the SPX 1300-1340 range. Short term support is right around SPX 1340, with resistance at the 1363 and 1372 pivots.”

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  7. Charming Astrophysicist
    Charming Astrophysicist

    The market does not forecast steep drops with the kinds of baby steps that have been taken in the past few days. The big bangs are over done for now, and we’ll again be retesting 1390 by the end of the month.

    The market will evaporate immediately after the US elections, however.

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  8. Victor Merciless
    Victor Merciless

    Did someone hack your blog or are you attempting a reverse jinx?

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  9. MOOBER

    Methinks Fly is using inductive hyperbole to overstate the position as a rhetorical device.

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  10. MOOBER

    Exaggerating to the point of absurdity, if you will

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  11. ecchymosis

    It’s time to be all in with Gold & Silver.

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  12. Marc David

    Go Team TZA!

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  13. Sooth Sayer

    There are many times when predicting the future becomes a burden.

    But all time is one from the 6th dimensional perspective, just as the 6th dimension is all one from our perspective.

    It cannot be any other way.

    It is, however, an unfortunate ruse when a self-proclaimed “sooth sayer” decides it is time to bathe in air so pure it burns.

    Expect a llama to make the national news within the next 5 days.

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  14. xxxHuggieBearxxx
    xxxHuggieBearxxx

    It is time for The Clam to make an appearance, before this gets out of hand.

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  15. Honolulu Trader
    Honolulu Trader

    “This is extremely depressing.You have no ideal.”

    Being on the right side of the trade helps.

    $NUGT
    $EXK
    $RBY
    $ERY

    All winners today.Ha!

    “We are positively doomed.”

    Nope! Been buying LYSCF 1.05…1.02… .97. The TOL announcement is just around the corner.The stock has a history of rocketing up on good news.The TOL will be the best news in the History of Lynas.I hope it drops lower! 7 winning trades on LYSCF with no losers.I’m going overweight in this one!

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  16. Gravestonedoji
    Gravestonedoji

    Release the Krakken!

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  17. razorsedge

    do you post the exact opposite of your play.

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  18. dave

    There has got to be a joke in here.

    http://ca.news.yahoo.com/3-big-chinese-banks-enter-us-banking-market-185200086.html

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  19. widespread panik
    widespread panik

    Short: Sep FXE puts, Sep EFA puts, Sep EWG puts, Jan IWM puts, Jan AMZN puts, CRM puts opened today, Jan APOL puts, Jan MBIA puts, Jan LPS puts.

    Long DBL, AMJ, ARNA, AIS, IMUC, Oct AAPL 570 calls opened yesterday, Oct VRTX 40 calls opened last week!!!
    Account is up 30% ytd with never more than 25-30% of capital at risk in a small 6 figure portfolio. Up 1.5% today

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  20. widespread panik
    widespread panik

    F the greeks. Can’t wait to visit in 2014 when a dollar is worth a crap load of tours/phatty charter sail boats and nice med front hotels. It will be the best thing for them after 18-24 months of PAIN.

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  21. J. Livermore

    $LIZ

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  22. lost quatrains of archadamus
    lost quatrains of archadamus

    if i may be so bold ..there appears to be a interest in materials for high end sword and dagger making along with tank and battle ship materials…..

    thanks my friend ,just returning the favor
    XXXXXXXX Archadamus XXXXXXXX

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  23. lowoffer

    trying to stick with the plan and wait for the blood…its just hard to get a “feel” for the pain when youre not taking those losses yourself. Ive missed out on a lot because of this.

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  24. noodle

    oil goes higher tomorrow damnit

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  25. Patrick

    Everything goes higher tomorrow.

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  26. beat

    This back and forth range is going to sever heads once a direction is found. Long or short. If it dives, watch out below. Right now, we churn into oblivion.

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  27. anonny

    It is unfortunately only a matter of time. What with the new gang of anti-austerity folks gaining traction in Europe. All these bailouts are merely kicking the can down the road. How long can that go on? I think we may be witnessing that now.

    Perhaps the Mayans, when their calendar ended 12-31-12, they somehow knew things were going to radically change? One World Order?? Could be……

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