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
23,531 Blog Posts

NIGHTMARE ON FLY STREET

I can’t think of a worse position to be in, other than August of 2011. Back then, I saw all of my gains vanish and go negative by 8%, before making a miraculous comeback. Today’s market action wreaks of market top. It has all of the hallmarks of being the beginning of sheer fuckery, pain thrusted upon those who dared to go long near the highs.

As I write this missive, I am now down 2% for the day, a 7 fold increase in losses since I spoke with you last. This is the nascent stages of my demise. My gluttonous greed has led my astray, away from my own advice, fully exposing me to the turbulent winds of the Fall.

The winter is coming and I am outside playing ball in a tanked top and speedos, like a fucking true bastard.

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49 comments

  1. Rhino

    Be down for sure tomorrow, but there are bound to be some folks covering, thus setting up the squeeze.

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  2. The Equalizer

    Brace yourselves. Fly is God.

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  3. acehood

    Time to cut Mrs. Fly’s per diem down to $1K.

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  4. mrkcbill

    “The winter is coming and I am outside playing ball in a tanked top and speedos, like a fucking true bastard.”

    Classic Fly, No?

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  5. xxxHuggieBearxxx

    Well, for once i am on the right side of a trade in 2012, which is to say I have no trade on at all.

    Fly what is your uncle point? 25% up?

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  6. tm

    “tanked top” LOL…one wonders if you are also imbibing an extra large waffle cone of “iced cream”…

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  7. Half Blood Pope

    Don’t be a victim of the moment Dr. Fly. Up 30% YTD and readers loyally eat out of your hands like pigeons. You are a stud (no homo) in real life and internet land.

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  8. Anton

    I felt bad about your losses until you mentioned running about in a speedo like some kind of Europeanish Bond villain.

    Now I shall save my sympathy for your neighbors.

    Good day, Sir.

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  9. razorsedge

    humm, come on in the waters fine.

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  10. Dog

    “The winter is coming and I am outside playing ball in a tanked top and speedos, like a fucking true bastard.”

    Bad visual but why tanked top and not just speedos. Oh, and I picture pink. No Homo. LOL

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  11. republicat

    Where’s that dude who said he shorted $AAPL at Friday’s close?

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  12. jimmy_two_times

    “The winter is coming and I am outside playing ball in a tanked top and speedos, like a fucking true bastard.” .. Briliant !!

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  13. TomBrokeCaw

    gimme some window dressing STAT

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

    (BRA may be a glutton for punishment)

    $VXX TITS into the bell!!!

    http://www.youtube.com/watch?v=2Kjh9lQXLWk

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  15. Patrick

    Seems a bit dramatic. Unlimited QE means wind at investors back!

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  16. Metalleg

    Inverse ETF call options to hedge?

    If the bankers want Romney, expect a lot of downside action between now and early November.

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  17. The_Real_Hmmm

    I forgot how heavy the sewer grate is. Hopefully it doesn’t rain.

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  18. Heisenberg

    we’ve heard this song and dance before… just when it appears the Fly is losing, he wins.

    Remember what happened to Biff? He fucked with a guy with a time machine… Costanza is messing with the flux capacitor, but the Clam is riding shotgun..wanna fuck with that shit??

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    • Dirk Diggler

      Clam wants to keep his job. Romney said he’d fire him. We rally like a raped ape.

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      • TraderCaddy

        Clam will just go back to teaching economics at Princeton.
        He probably lives in Fly’s new neighborhood.
        And if Fly wanted to he could probably sign up for the Clam’s Night Adult Education class in “Saving For Your Reirement”.

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  19. Dirk Diggler

    You are comporting yourself with dignity, sir.

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  20. TraderCaddy

    … and don’t forget the European style handbag for men (2x no homo).

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  21. TeahouseOnTheTracks

    OEW Daily Recap:

    “Another look at the short term charts displays a three wave decline to SPX 1450, a rally to 1467, then another three wave decline to 1442. Both declines are exactly 25 points, for a total Intermediate wave iv decline of 33 points. The daily RSI ended slightly oversold today too. This pullback now meets our original minimum projections of a 30+ point pullback, and an oversold daily RSI. Should the OEW 1440 pivot range hold, (SPX 1433-1447), the bottom may be in for Int. wave iv.”

    “Short term support is at the 1440 pivot and SPX 1422/27, with resistance at SPX 1463/64 and the 1499 pivot. Short term momentum ended the day quite oversold. The short term OEW charts now have a negative bias from SPX 1455.”

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  22. The Eye-Talian Stallion
    The Eye-Talian Stallion

    If you lived out West tank tops and speedos are required winter wear.

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  23. riggedgame

    You clowns are doing more flip-flops than Willard Romney.

    Before you all slash your wrists, look at the market behavior May 17 to May 29.

    It is quite possible that Wednesday or Thursday will be a big up-day.

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  24. Dr. Clock

    Well……….I don’t know.

    http://tinyurl.com/64kd53

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  25. synack

    Haven’t thought of this song in 15 years. https://www.youtube.com/watch?v=OMnbw-AM4VA

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  26. trade drunk

    Today I felt like a degenerate gambler tied to a fucking pole watching a brigade of men in wheeled chairs assemble before me, eagerly waiting to line up and give me a swift kick in the nut sack, one by one. I desperately need a band of monkeys, sporting powdered noses & led by the bearded clam, to swiftly whisk these fuckers away and roll them into a pit of hungry man eating wild boars!

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  27. Heaterman

    I am of the humble opinion that the lights are starting to come on in the heads of many investors. They now realize with great certainty that the Magic Clam has shot his last bullet and is out of ammo whilst staring at a thundering herd of deflationary facts cascading down the nearby hills toward him. They are coming to grips with the fact that there is no where to run, nothing to hide behind and little to do but wait to be pulverized into blood pudding and ground into the turf as so much fertilizer by the mighty hooves of market correction.

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  28. L.K.W.

    Twitter says you blocked me. Real or memorex?

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  29. L.K.W.

    “‘got it good” http://www.youtube.com/watch?v=rXLmt6i-hBY “Government man keep callin’ my house, keep talkin’ bout our owe, harassing my spouse…”

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  30. L.K.W.

    Although, factoring the Yahoo elements, you may be okay for a couple years.

    In the end, no one needs a social network manipulating the data we process and see while using their fascist product. And I am fed up with this mistreatment of account holders, personally.

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  31. JakeGint

    a href=http://ibankcoin.com/jakegint/2012/09/26/shut-up-and-get-in-the-unimog/>Stop all this kvetching and GET IN THE UNIMOG!!

    I insist.

    +++++++

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  32. JakeGint

    Crap… one more time…

    Get in the Unimog!!

    ___________

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