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
23,443 Blog Posts

In Desperate Need of a Little More QE

With the Dow nearing 13,000, the United Steaks of America clamors for more quantitative easing from the Fed. It’s been frightful out there, frankly, as the market tends to go down every so often. Generally speaking, people don’t like it when stocks go down. Having said that, I’m loaded up with this VXX and it’s giving me the fucking business. It is a 100% certainty that when I buy VXX the market is soon to explode to the upside. I am not mad at myself for it. Instead, it is something to behold, a marvel that cannot be explained through rational means.

Effectively, I stymied my chances at powering forward, hedging myself against success because I was “worried” about Spain and Italy crashing through the floor boards. Plainly, I permitted the “news” to get in the way of the media making up their own facts. As such, I now find myself 13% in the hole on this bitch of a whore, VXX, taxing me for all of my bread and wine.

Aside from that, I am progressively milking the farmer through LNN and enjoy the great leisure EL and EXK affords me.

I am 32% cash and 9% stupid, the rest is long stocks. I need EXK to melt higher; but the Gods deny me of my innate right to hedonism. They make it hard on me, teaching me the lessons of humility by running over my positions with Chevy Impalas (no Stocksage), every so often. As the once great Dog-Gods built pyramids in the desert, I too will erect (no WNR) great victories through purchase.

Give me a day or two to remove the webs of cob from my skull and you shall see some of the greatest trading of your pathetic lives!

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26 comments

  1. Good Shepherd

    out.

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  2. vking

    The V.King has posted…

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  3. republicat

    Agricultural space LNN, MOS, CRESY – still chugging

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  4. vking

    BUY OMER

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  5. longview

    Is there a past post that I can go to read The Fly’s back story? Someone mentioned that he’d shared it from time to time.

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  6. FUCK GOLDMAN SACKS
    FUCK GOLDMAN SACKS

    RNF UAN on a roll

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  7. juice

    even when you’re getting VXX’d, you still got a wise with words

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  8. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Yes, these occasional 3%-4% market corrections really must be dealt with. We need QE and we need a trillion of it. Why would The Bernanke not print with stocks at multi-year highs, housing finally in a seeming recovery, and decent macro data?

    Its a curious moment…it appears QE is already priced in, but does pricing it in make it an impossibility?

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  9. JTU

    DECK was up over 20% in after hours last night. This morning it was up sustantially less. At one point this morning, the stock was actually down. As of now 11:04 AM it is up 6.72%. Some easy money could have been made this morning if you got into DECK when it was down.

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  10. Mr. Cain Thaler

    Thanks for offering the blood this round.

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  11. Nefarious Rapscallion
    Nefarious Rapscallion

    EXPE you magnificent bastard!!!

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  12. charlie

    I still think there are some beaten down tech names worth a bet. $RIMM and $YHOO making moves today.

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  13. (too late to) Raise taxes, Raise spending
    (too late to) Raise taxes, Raise spending

    It took the UK press about 5 minutes to get the measure of Romney. Too bad the American press is so fearful.

    http://www.thesun.co.uk/sol/homepage/news/politics/4456840/Wannabe-US-President-Mitt-Romney-in-Olympics-insult-but-David-Cameron-insists-Well-show-you.html

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  14. hattery

    Lol, QE JUNKIES…
    Withdrawal hitting again!

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  15. en1gma

    This Me vs Them writing style is overdone. Most of the time I love the blogs but for the past few months this dick waving has been over the top. I’m all about dick waving, but wave your dick at the appropriate audience, not your general readership.

    Just my .02. If that’s bannable so be it.

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    • The Fly

      You shall not get in the way of my dick-waving. Always remember that . And, moreover, your input into my writing is irrelevant, unless you can do it better.

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  16. Kirby

    I cant decide whether to take miniscule gains, or let shit ride?

    I have NVDA and it reports its Q pretty soon.

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  17. Yabollox

    Sue the media for their fictional coverage.

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  18. Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.
    Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

    Could be world Pope Fly.

    It could be a Chevy Volt (no shock)!

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    • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.
      Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

      Who has programmed my keyboard to output gibberish?

      #hackers

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