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

Coasting into the Fire

The market got fucked today; but I closed flat. I know you trollops like to see me suffer. But “The Fly” nailed this market and now there’s nothing for you to do but pay homage, fuck off, and shoot yourselves in the faces with howitzers.

I’m not buying this close, because it’s being built for suckers. Should we reflate tomorrow, I am certain EXK will surge higher. But the europeans aren’t doing anything. For the love of moving 150 boxes of personal items into a truck, they don’t even buy their own bonds. There is NOTHING redeeming about this tape. Therefore, as it stands now, I have no interest in buying dips.

I can make this very simple for you new-jacks: stay away from equities when TLT is going higher. There is a scarcity of dollars, as evidenced by the price action in TLT and UUP. Until the Fed takes an interest in reflation, trade gingerly (no homo).

http://www.youtube.com/watch?v=SL7snw3M3tM

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34 comments

  1. Mad_Scientist

    Duly noted.

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  2. vking

    The secret to success is to offend the greatest number of people.

    12-12-12

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  3. Mr. Cain Thaler
    Mr. Cain Thaler

    “For the love of moving 150 boxes of personal items into a truck…”

    The greatest inspiration is found around us…haha

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  4. razorsedge

    if florida they have a new law, if u collect welfare, u must be drug free. if u fail u lose benefits for 1 year. x2 lose 3yrs. so i guess the roads will be full this week. so u-haul might be a buy.

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  5. mhass33

    They won’t buy their own debt until it is sufficiently cheap

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      It’s tough to knowingly make a bad investment – especially when you’re investing in yourself…

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  6. razorsedge

    rigged, i u think about it wallstreet, banksters got more welfare in one day than we spent in 10 yrs

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    • Steak

      They also returned it all, and paid interest, in a manner that would’ve taken the average joe a lifetime to do.

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  7. figesmalls

    June 25 — Apple Inc.’s coming iPhone map
    application will include Yelp Inc. ’s “check-in” feature to let
    users broadcast their whereabouts to friends, according to
    materials Apple distributed to software developers.

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  8. Yogi and Boo Boo
    Yogi and Boo Boo

    I’ll trade Ginger for Mary Anne any day.

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  9. the boost

    and you thought the euro becoming a thing of the past was off the table …
    shame on you

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  10. prime minister pete nice
    prime minister pete nice

    It’s simple, eliminate ya like Gotti. I chill in Bed Stuy drive a Maserati with a body of a freak on my side how’m I livin, large and large with the words of wisdom

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  11. asteroids

    Good stuff Mr. Fly. I read this post twice, and I’m going to read it again after supper.

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  12. ruggyup

    Potere è meglio di fottere!

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  13. MX2101

    The punch line is in the next to last paragraph.

    http://www.bloomberg.com/news/2012-06-25/madoff-customer-pool-may-grow-to-7-billion-by-july-16-1-.html

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  14. MX2101

    Try it when 148 of those boxes contain the personal belongings of your significant other. There was a time when I could get all of it into the trunk of a Toyota Corolla.

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  15. Goldie

    Free money starting tomorrow.. buy em!!

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  16. 'merica

    Whatever you do, don’t link any coldplay. That shit is weak.

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  17. Dr Funk

    There was no ‘official’ pomo today. The reason we probably didnt have any bounce

    That said, depending on pomo for bounces isn’t exactly a great longterm trading strategy…

    Looking at ADM, CSC. Bot PWR. Holding TVIX (no deathwish)

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  18. !!!!!!!!!!!!!!!
    !!!!!!!!!!!!!!!

    turn around tuesday is canceled

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    • fake amish

      Why? Turn around and bend you over tuesday can and will happen. Hard to see a catalyst. But at this point a little eurotard all is saved bullshit could work. Besides it is real close to this is what is left of your money quarterly statement.

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