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
23,426 Blog Posts

AMBUSH

I believe, rather emphatically, the bears are being led to slaughter. I think you’d admit that for “end of global finance” conditions, the market has been behaving rather modestly, no?

I will discard this site from ideologues, if you don’t cut the shit out. I am not a fan of the Tea Party and couldn’t care less about the itinerary of Rick Santelli. The fucking Germans should appoint a field marshall to head up the Bundesbank and get it over with already. Instead of murdering millions by panzer, they can do through famine this go around. There is only one choice out of this, which makes this trade one of the easiest, high probability trades, you will ever partake in.

The wall of worry is real high now and expectations are near zero. The economy is contracting in the spring, like it has for the past 3 years; but will likely pole vault higher in the late summer. I remember feeling the same sense of doom last year, and the year prior, all but guaranteeing US recession– only to be proved wrong by magical resiliency.

Fuck that.

I’m up 1.1% today led by gains in TEX and MTW, eagerly awaiting for this bitch to climax.

NOTE: The Greek stock market was up more than 10% today.

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55 comments

  1. The Zombie

    The Fly is God.

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  2. 4fl3x

    “NOTE: The Greek stock market was up more than 10% today.”

    The squeeze before to collapse?

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    • RussianDoc

      chea fo sho nig

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      • 4fl3x

        Yeah, I try to make typing error in every post, hoping one day he will bring back the edit button.

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        • Dog

          We do need an edit button…LOL.

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          • Bullish

            + 1

            PS. 3 more games till LBJ is eating those sandwiches waiting for next year.

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          • alf44

            … before “eating those sandwiches” … I hope he spits out that “XVI mouthpiece” first !

            Just sayin’

            .

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          • Dog

            That’s funny!

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          • Dog

            Damn, just too many haters out there…lol. Some times I wonder if it is LBJ that is the problem. I love UM too…everyone hates them. People just hate Miami I guess. BTW, it’s best of seven. We’ll see what happens tonight. Again, I admit that OKC looks good and it won’t be easy.

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          • TeahouseOnTheTracks

            Wade is the loser … dirty & flopper. LBJ is for real but too entitled in his opinion … “I never foul out” … and Wade use to get to the line more until the refs got tired of the flopping. Too bad the two of them did that song & dance about how many titles they’d win … 1???

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          • Dog

            Wade is looking old and seems to be falling apart slowly. Funny how 30 is too old. As far as the flopping (acting), they all do it. Did you see Westbrook draw a foul on Bosh by purposely slowing down. The refs can’t figure out what a foul is half the time.

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          • The Fly

            No edit button on iBC. You say it once and get it right, or not at all.

            A game.

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          • alf44

            Señor, there appears to be a technical glitch in the Blogger Network !

            The “comments section” in John Silb’s blog have apparently been inadvertently “closed” !

            Thank you in advance for your attention in this matter !

            .

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  3. milesknowsbest

    Fly fucking Bateman,

    I friggen love ya amigo…If you were busted I would hire you to sell adjustable beds…thank fly (god) your not because otherwise I would have to get my stock advise from some nitwit who would preach old man stocks PE…I am your humble servant and you may chose to use me as chum if you please. The good news is that this chum lives off foie gras and Chateau neuf…give me a trade!

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  4. noodle

    8 blunts to the face

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  5. SLEEK BUTTHOLE

    You have disappointed me. Rick Santelli is the most sane person on CNBC.

    You have moved to #2.

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  6. dave

    It should read care less not careless.

    A game pal.

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  7. Trading_Nypmh

    Actually either way the Greek Election goes, I expect to hear EU that they will put everything off to allow talks. YET, my real issue is the July 1 Iran Oil Sanctions. They are meeting again this upcoming weekend/next week…Iran has been playing nice, Iran didn’t get the Oil Production cut at OPEC it appears. Japan, China has been bitch slapping USA saying that they will work around Iran Sanctions…USA already Ok’ed India to take oil from Iran…If those Sanctions are delayed with the Mega Build in Inventories and OPEC leaving Oil Production the same, I see a major spec sell off in the black Gold. Plus, gossip is that OPEC will support 90 Brent…but Obama needs WTI and Brent to break..so I expect big ugly with the Oil Prices soon (I can see Po Pimp just saying stupid bitch, lol).

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  8. Dog

    They’ll keep this party going for a while IMO. That’s why I’m long too. I don’t profess to be an expert but you have to admit we have never seen anything like this in our time. Scary shit.

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  9. mariofats

    Tea Party rules!

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  10. chivasontherocks
    chivasontherocks

    deflationary vortex always plays out. question is does it do it in 2 or 3 years, or does take 20 years to play out. we are not analogous to 20’s germany or 70’s and 80’s argentina or brazil or anyone else.

    btw, you don’t sound like the man i use to read years ago. you sound more like a whiny little bitch. too emotional.

    hope you’re doing well.

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  11. Yabollox

    Angela Merkel is the most popular politician in Europe. Everywhere except Greece.

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  12. Steve Wynn

    Germany votes June 29th on Plan B. End of month, End of Quarter, a Friday. Long biased pigs desperately need this payday. Everyone will lose.

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  13. DarthVaderMentor
    DarthVaderMentor

    IED = Intelligent Evangelical Design

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  14. Mr. Partridge

    I just smack the hell out of bears lmao…
    Good day

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  15. Bullish

    Boom!

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    • Mr. Partridge

      that green bar on your screen was my cane up bears’ ass….

      A-game

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  16. The Fly

    You were warned. Can’t say I don’t look out for you plebs.

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    • Aileron

      Wow …

      From a sleeper of a day, to watching bears having their faces eaten by market K2/crack/jet fuel

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      • Aileron

        Everyone is going to puke Mexican Ceviche with lime juice Sep Futures gets down to 1316.75

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        • Aileron

          And I repeat …

          We’re trading inside a Salvador Dali market.

          Wouldn’t want to be short if that sort of news causes this sort of break higher. What will it do with really good news ???

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  17. xxxHuggieBearxxx
    xxxHuggieBearxxx

    WOOOOOOHOOOOOHOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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  18. Mr. Partridge

    It’s awesome but can it hold?

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  19. alf44

    … this kinda kneejerk BS is gettin’ just plain silly !

    I could use stronger language but I won’t !

    .

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  20. Happy Kat

    Brought it down to let more people in. I’m long.

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  21. kcscott

    $SPX broke that 1333 threshold briefly – I would now be inclined to beleive the market goes higher

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  22. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I AM CRUSHIN ON BITCHES

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  23. thetapeguy

    Good call on averaging down yesterday.

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