iBankCoin has become both a funeral home and cemetery, mixed in with a little mortuary. I am here to remind you of your imminent death. Do not “get hooked” into believing the depression is over, for it has only yet to begin (no Samsonite).
Many of my holdings reversed and traded higher, which is very nice for health and well being. But I am not optimistic. Don’t worry about “The Fly” capitulating, for it can never happen, scientifically. I’ve made my bed, as wretched as it is, and now lie in it.
Everything you thought you knew about The Facebook was a lie. Apparently, it’s a giant fraud, a reverse QE of sorts, flung upon us by geeked out asshats with insidious intentions. My new target for the S&P 500 is 1,200, then zero. Take a “barbell” approach by investing in formaldehyde and Egan Jones, short of everything else.
All of the professional money managers, who are not naive, are short equities here. It’s very obvious and terribly bountiful. The rest of us are simply being used as tinder for the financial fires. At one point in my life, I stood atop mountains and urinated on the heads of people like Egan Jones. Now I am being kicked in the head, repeatedly, by his ilk.
In closing, let’s all focus on the crisis and take in the aromas of execution. Surprisingly enough, GRPN is going straight to zero. Didn’t you know the market for Groupons are idiotic and indeud stupid in a post apocalyptic world?
Everything is going to get worse. We will all be buried alive shortly.
If you enjoy the content at iBankCoin, please follow us on Twitter
did you see the groupon offer for some fuckhead to come and tuck you into bed? yeah, I’d say groupon is going to 0, AND MOAR….
Based on this tone, short term bottom is in the works
Yes, because that’s how it works, doesn’t it?
UNTIL IT FUCKING DOESNT
http://ibankcoin.com/flyblog/2012/05/30/we-are-now-in-the-deflationary-vortex/#comment-296420
Fly- how much are you now down for the year?
BANNED
You do know this fuckhead asked you the same question over the weekend.
http://ibankcoin.com/flyblog/2012/06/02/a-word-from-the-ppt/#comments
I asked myself ‘am I being naive for thinking we can bounce?’ today. hmmm.
Ok you will not listen to my warning so in order to prepare for death go out this week and enjoy the last breaths of a civil society for it will not be enjoyed again… Ever.
I like that sentiment.
Get a NY Hotel executive suite, order at the same time room service steak and grey goose bottles then phone for some primo grade herbs then some Coke n’ hookers till you pass out… then repeat next day till the apocalypse.
at least u werent long ALJ today. massacred on no news
Those are my favorite types of massacre.
JRCC continues to trade into the abyss
This generation of excess shall have none to do with the poverty of our forefathers. It is a spiritual depression that looms.
Looks like the Fed’s want us to purchase our meat from manure and piss soaked feed lots rather from the smaller, cleaner grass fed family owned ranches..
http://www.infowars.com/epa-using-drones-to-spy-on-cattle-ranchers-in-nebraska-and-iowa/
http://www.infowars.com/epa-declares-hay-a-pollutant-to-intimidate-ranchers/
Fly, if you were to reflect on 2012 and 2011, what was the psychological cause for you that blew you out of your convictions (which were spot on both years)? What lessons can be learned going forward (beside the fact that treasuries are the new gold)?
What? Couldn’t hear you, I’m busy playing my fiddle.
yelp down mid-day
http://www.yelp.com/
I couldn’t agree more with this post. You nailed it.
I detect a slight hint of optimism in The Fly’s comments.
Facebook will be outlawed, as it is a huge waste of time and human productivity.
Fuck it. Let’s all invest in gas masks and defected AK-47’s from some random russian stockpile reserve. Investing in your life is more important than investing in stocks that act like herpes…breaking out when they please.
We need our drug fix of QE3 to give us life.
Right as usual my counterpart friend
if you do not need a fix of some kind you are not human. will take the oxy crushed in a cap an diet. and fuck off with the herpes nonsense it is not funny. either you can not get laid or you have it. talking about it will not make it go away. grow up.
I get more pussy than a litter box.
and I’ve probably slept with more woman this week than you have in your entire life you middle class 50k a year lowlife.
Well … actually … today could’ve REALLY gotten ugly … BUT, it didn’t !
Finished up well off the LOWS.
AAPL defended tha “Triple Nickle” level I spoke about in a previous comment … and managed a positive Close.
Seein’ lots of “hammeresque” lookin’ candles on the daily charts. Would NOT surprise me at all if we see a bounce tomorrow.
—
Full Disclosure: I’m SHORT … but, with a nice cash stash !
.
WTF!?!?
LOL. You didn’t disclose what you are short in…
First of all, if that was directed at me … for future reference you might wanna post your replies under the post to which you’re addressing !
Second, you are correct … I didn’t disclose what I’m short in !
Lastly … PATIENCE !!!
I’m short in … PATIENCE !!!
.
Oh no, not this again.
We will all be buried alive shortly.
and can’t find a decent sizes pinnapple anywhere !~
re Genghis Khan
the word is
schadenfreude
ENJOYMENT TAKEN FROM THE MISERY OF OTHERS
which is also how Germany feels about Greece and Spain
Noticed you didn’t sell anything…..hmmm.
GSVC and SVVC are both trading below cash levels. So, basically, the market is expecting that cash will be worthless.
I’d say they’re right.
If you really thought that, you would sell everything
not really. there is no upside like the upside in a bear market spike. 50% rips in the dogs is entirely doable. the charts tell you where you have been and may be where you will be going. the reversion to the mean is where the trader makes the nut.
That’s right and I look forward to Fly’s posts when that happens!
Fly, somebody removed the IBC dictionary and didnt bring it back..i looked under important matters but its not in there either ,,
was wondering about the meaning of ( no samsonite)
The Best Guy Around http://ibankcoin.com/flyblog/2012/05/21/exclusive-the-return-of-samsonite-hamburgalar/
how does one find an option on a currency of a country being returned to active ?
I’m not going long until Fly starts posting bluegrass music…
http://www.youtube.com/watch?v=_2qCm22tfdI
i look forward to that
Thats off the rocker type shit when yelp trades to $5
but we know yelp trades up from here, especially when google buys yelp.
Just get into gold mining etfs. Thats all you really need to do at this moment.
so did you buy today?
I like that idea
G7 conference call tomorrow to discuss Spain… ECB meeting on thursday… and other shit daily….
This week is a mine field…
PS: if ECB doesn’t lower rate on thursday we might have mini crash in euro-indexes….fuuuuck
What do you consider reversed and trading higher? -30% to -25%? Just curious..
ZYNGA trades to zero
Australia S&P/ASX 200 up over 1.5% with miners leading! We should trade higher tomorrow!
appl…and GOLD…nuff said
… gotta love tha fact thata week or so ago I “googled” the …
“Momentus Speed Swoosh” Golf Swing Trainer Club … after seeing lil Fred Funk on the Golf Channel sing it’s praises for a half hour …
I am now followed all over the frickin’ internet by that “Momentus Speed Swoosh” ad !
Even HERE … to iBC !!! LOL
Hilarious !!!
—
I guess I’m gonna hafta buy tha damn thing !!!
.
The market will go up tomorrow or my name isn’t Kenny fuking Powers!