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
23,477 Blog Posts

Destined For the Circle Jerk

Once again, I glared at the warm market waters and dove in, without prolixity. My head hit pavement and my skull cracked in half, paving the way for my brains to fall out of my head–leaving me stupid.

Yes, indeud, the market is heading lower. There is a person on my teevee who believes we are going to crash again, 2008 style. Quickly, everyone panic and go to cash! I timed the market with precision, military grade, at the ultimate top of today’s trading range. I stepped in and purchased large blocks of DDD, JIVE, ESRX and ULTA, like a big fancy bow tied money manager, drinking shots of century old scotch as I pressed “buy.”

We were +50 back then, now we’re down 30 and just getting warmed up. Hell, the man on the teevee says we’re going to zero, so we might as well listen to him. After all, he must a denizen of truth and prosperity, being a CNBC guest and all.

Cocksucker!

I am down 0.3% today, which isn’t so terrible. But I was up more than 1% this morning. This market is, without equivocation, the very definition of “circle jerk”, an iron lotus to the head, sharp clawhammer to the top of your noggin. I am so fucking pissed off right now, I feel like punching holes through my windows.

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43 comments

  1. JTU

    I couldn’t agree with you more!!!

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  2. Mr. Pink

    What are your thoughts on stocktwits

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    • The Fly

      If I wanted to partake in a social media experiment, G rated for muppets, I’d send my content there.

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      • Donkey Arbitrageur
        Donkey Arbitrageur

        Wall of worry remains high. Do you remember the sentiment in April before everything was sold for an entire month? Everyone, even Nouriel Roubini, said stocks were cheap and we were going higher blah blah. May started and the markets dove.

        Sentiment is not quite as bullish as people say, and 1454 has held since the QEinfinity announcement.

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  3. Cascadian

    Dude has been a bear since 2009. Yeah, he’s a good one to put on teevee, we should all listen to that guy.

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  4. Molecool

    All I know is that we are NOT going down. We should be but we are not. Sevem candles between 1440 and 1480 now – that is all you need to know.

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  5. wtf?!

    Don’t worry. Within minutes I expect to see a post entitled “FUCK YOU BEARS; YOU’RE DEAD” to be quickly followed by a post entitled “OFF TO THE RACES” to be followed minutes later by a post ……

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  6. OG

    OSG sure crapped out today.

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  7. francesco

    they’re maneuvering the market down with oil ( fed happy ) to load the last bunch before next rally ( oct/nov and up to xmas time )

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  8. acehood

    Who was on the teevee? Fisher?

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  9. jimmy_two_times

    I always despised “the man on tevee”, shit talkers, and constatnly talking their book.

    Oh yeah what about Cramers QCOR call?!?

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  10. Dan Dangerdance

    I thot folk knew by now to watch porn or ganster flix while trading, but NEVER financial tv. WTF, that’s Trading 101.

    S&P 1430ish, BTFD, albeit a brutal motherfucking ride down, fellow long bitches.

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  11. DMG

    Please refrain from using big words like ‘prolixity’, as some of your readers are hell bent on keeping their 4th grade vocabulary.
    #sierrawater

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    • ruggyup

      It was in 4th grade that many of us learned prolixity to be an aid for cunnilingus.

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  12. Dan Dangerdance

    “4th grade vocabulary”

    We were taught vocabulary by
    Le Fly.

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  13. TraderCaddy

    Stop watching CNBC.
    Some suggestions:
    1. Watch Three Stooges reruns.
    2. Head to the city and just ride the subway back and forth all day.
    3. Build bird houses.
    4. Get a bike and ride through your leafy neighborhood.
    5. Head over to Princeton and check out the coeds. On second thought maybe not (direct correlation between SAT scores and ugliness).

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

      5. Head over to Princeton and check out the coeds. On second thought maybe not (direct correlation between SAT scores and ugliness).

      TC, it’s time you report back to the V.Kingdom.

      Also, there’s good reason Playboy ranks my Fostering Mother – UCSB – numero uno for haute bebe.

      A major factor in BRA turning down his east coast opportunities.

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  14. Erin Burnett's Booty Call
    Erin Burnett's Booty Call

    Are you still holding that POS KIRK?

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  15. Shesaid

    Fly, Ever heard of a biscuit game?

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  16. Leo

    Holy DDD batman

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  17. JTU

    What a cocksucking, bullshit fucking Market!
    I am long piles of shit!

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  18. OG

    Today sure turned hellish. WTF?!

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  19. Sierra Water

    The 5 yr daily chart of the major indices looks a little scary, buying at the top of an aging bull market… However, a 5 year weekly chart shows that maybe we have 100 pts lower on the NAZ followed by a return to open ended QE liquidity driven appreciating equities. What equities really need just as bad as MBS purchases by the fed, is Stimulus programs by the congress which have driven earning over the past several years in the mfg sector. If that stalls QE is just going to shit on itself.

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  20. flyaway18

    Seems to me, from what you write, that you are pressing. You said immediately after QE was announced, don’t go nuts as there’s plenty of time to make money. Then you go against your own advice.

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    • bleached asshole

      sometimes the Fly is overcome by the voices from gthe shadows of the urinal

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  21. L.K.W.

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    • ruggyup

      That’s beautiful. A veritable symphony of exculpatory ambiguity. Sounds like a professional plagiarist writing to morons.

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