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
23,474 Blog Posts

No Interest

Nothing interests me anymore. I do not want to partake in pinless hand grenade hot potato, nor am I intrigued about end of world scenarios of profit. It is time to unwind, moonlight a bit, and let the retards race each other inside of their wheeled chairs.

About 16% of you are dumb enough to warrant being institutionalized. Another 16% deserve to work at a think-tank, in order to concoct idiotic policy–an interesting paradigm indeud. The rest of you are simply blinking in between sips of beer. You cannot do it by yourself. The TD Ameritrade guy is fucking lying to you.

I have two interests in this market now, subject to the strictest of conditions. One is to liquidate more of my holdings, the other is the acquisition of gold, silver and oil. As I said, there are conditions attached to buying into commodities, starting with the overall trend of the market. This trade is going to be very, very simple.

Should we trend higher, despite the bad news, I will allocate funds to the market. If we resume the fucked up trend that was dominant during the awesome days of May, I will add to HDGE and raise more cash.

Rest assured, I will not be giving back my gains this time around, unless YELP falls victim to a horrendous selling spree, which as you know is scientifically impossible.

The summer is here. Trade light and pick your battles very carefully.

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

21 comments

  1. can of whoop ass
    can of whoop ass

    here we go

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. redman59

    This current action doesn’t really have me excited about too much with stocks right here. In fact usually Sunday calls for charting and scanning, instead I just started watching Rome an old HBO series, awesome time period of history.

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

    >the acquisition of gold, silver

    Ah yes, the Yukon Cornelius life!
    It’s either him or Jimmy Buffet this time of year.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Elvis

    I own YELP you have no worries…Yelp = Bask in a basket of Rose’s..js

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. the man

    “blinking in between sips of beer”. that was really funny and true

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. fake amish

    Beware the no bid tape. Ever seen a cokehead pick thru a carpet? Neither have i. But the crackhead will do crazy shit when the cheeseburgers do not play.

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

    The world is indeed a sad place. There is no hope on the horizon.

    There is only meager hope of another round of QE, but this time everyone knows its impact will be limited in duration. It will come, the market will rage for a bit, but it won’t be like last time.

    Without stimulus spending by governments, the next five years is going to be dreary indeed.

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

      Read this, Huggie. Feel better.

      http://www.alhambrapartners.com/2012/06/24/the-apocalypse-bubble/

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

        I do not believe the apocalypse is upon us, nor likely anything very dramatic at all….I just believe we are entering a long term period of deleveraging which is likely to make the next decade or more extreme low/slow growth.

        The market may not go anywhere for another decade….kind of a worst case scenario.

        We are more or less replaying a version of the great depression.

        Money printing won’t significaintly impact it without fiscal stimulus in combination.

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

          “More or less replaying a version of the great depression” seems a bit exaggerated.

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

            Huggie has it nailed. It’s just going to be slo mo unless we have an “event”. For example a total meltdown in Euroland because the tards over there would rather kill each other than give up autonomy.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  8. Goldie

    Elevator shaft trading to start this week

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Sur Platonic Platueu Du Tecnocrats. B.R.A., D.J.D.
    Sur Platonic Platueu Du Tecnocrats. B.R.A., D.J.D.

    Tomorrow is looking like a bad day US wise (see AUD and NZD /USD).

    Which means it will be a “good day.”

    As the market, like a bitch, says this, but does that.

    That means, your mom cradles America’s balls while you incite innocents to riots.

    Good day!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Sur Platonic Platueu Du Tecnocrats. B.R.A., D.J.D.
      Sur Platonic Platueu Du Tecnocrats. B.R.A., D.J.D.

      btw: from hence on: D.J.D. (might) mean(s) Disk Jockey of Doctors or DeLighted Juris Doctor). -good day.

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

    I see no reason for a rally unless it becomes clear that Romney wins…..#MarketisJacked!

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

    Futes down as of 11pm Eastern. Would like to see a lower low price-wise on $RUT but with a higher low on the $RUT MACD and RSI, ie a positive divergence. Would let me take a little profit on my TZA, TVIX and UVXY whilst positioning for the $20B = 1% run into year-end that is the extension of Twist (see my blog post if you don’t know what that means).

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

    “The TD Ameritrade guy is fucking lying to you.”

    **inserts TD Ameritrade ad banners on blog**

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Patrick

    This Charles Schwab commercial makes me sick… I want that old dude trading the inverse head and shoulder pattern to go bankrupt.

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

      I find that commercial no less ridiculous than the rest off garbage I see on CNBC. If that fat fuck can insert a screen door into the bottom of his canoe, and get it to float by covering the screen in his strange rubber spray product, then I see no reason why the silver fox of the Schwab commercial can’t arb opportunities that he sees on his retail platform.

      Yeah. All these things seem completely logical.

      Guys at DE Shaw, RenTech, etc. must love this sort of thing more than anyone. Likely, they are well on their way to bankrupting the original gentlemen in question.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  14. fake amish

    There is an asian monkey dressed in a chairman mao clown suit on cnbc asia. Also a new girl with huge hands pointing at shit. Wtf is going on?

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

    Compared to the blogs at ibankcoin, the blogs at the pyramids of Gyza are mere childsplay.

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