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
23,433 Blog Posts

COAL, It’s What’s For Breakfast

Tomorrow is the Vice Presidential debate, which should be a gargantuan boon for lovers of “the other black gold” due to a predictable win for Ryan. Frankly, having a debate between a retarded neanderthal and a person who actually tries to do his job, suggesting plans and bills (things of that nature) is unfair.

Just know, if Romney gets elected, the head of the Senate energy commission will be (drum roll please)

SENATOR IMHOFE

Get your fucking bibles ready, ‘cuz the good Senator is emphatic when he says “God loves coal.” Okay, I am paraphrasing a bit there. But he did pen this wonderful book.

I must admit to thoroughly enjoy when politicians play scientist in their books.

In short, the market is a no good (heavy cantonese accent), stuck in a proverbial “fag box” until November. Expect draw-downs, but keep your chins raised high. For when this downturn ends, we will be smoking blunts made from cocaine laced marijuana again, topped off with 40 ounces of malted liquor, declaring “fuck you, you’re dead” to the shorts—whilst riding unicycles in the city square.

Until then, enjoy the mini-bear market.

TOP pick: ANR

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

31 comments

  1. SUBCOMANDANTE CHINCHINILLA!!!
    SUBCOMANDANTE CHINCHINILLA!!!

    All this coal is giving me gas.

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

    Fly I agree that we are “stuck in a proverbial “fag box” until November” so why not just stay in cash or leveraged till then and wait? Why go speed chopping, balls on the chopping block instead of simply playing it safe?

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

    -Question withdrawn, I forgot whom I was speaking to. I salute you from the sidelines sir, tophat in hand (except for a little SVU). Hail Fly!

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

    It’s even more entertaining when they have no formal education in the field of science whatsoever.

    After all, who could ever doubt the findings of an “environmental scientist” with a B.A. in economics from the University of Tulsa…in the 1950’s?

    Fucking tree-hugging hippies.

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

      Who cares? Obama believes in some guy named Allah and I believe in Peter Pan.

      Tell me how it can make me money. Boil it down and stop letting it drive you crazy.

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

        About time.

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

        If re-elected he will be commander in chief of the USA, do you want a jihadist in control of Americas military? If he’s a Muslim, why does he and the mainstream media hide and deny it? Because they KNOW this is a threat to America.
        I know it’s sacrilege to say it here, and despite my name (moolahheaven) I DO care about more than just money. A 2nd term for a Muslim who never will face the voters again and could consort with The Muslim Brotherhood Islamic Jihad etc and support them – where he will have (in his own words) “more flexibility after elections” should terrify any decent American, rapacious capitalist or not.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Mr. Cain Thaler

          Meh, the guy has a long record of Christian Church.

          And if he is Muslim now, there’s plenty of reasons to hide the fact besides him somehow wanting to subvert the country to Shariah law. Like the fact that Muslims are very unpopular right now.

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

            Yeah – Rev. WRIGHT’S church. Please. This guys father(s) (both biological and adopted) are both Muslim (which makes him a Muslim under Islamic law), his brother is a Muslim and his speech in Cairo in 2009 was practically a love letter to the Islamic Brotherhood (who are Islamofacists and are now IN power in Egypt thanks to his foreign policy which ousted Mubarak – a longtime US ally). Is it relevant what personal religious beliefs a president has? In my opinion no, UNLESS these beliefs transcend religion and are political. It’s accepted that there is a large percentage of Muslims who do not believe in a separation of church and state (look at their religious countries, Saudi Arabia, Iran, and now Egypt thanks to Obama), and believe that the world must become ‘Dar Al Islam’ (submit to Islam). A Muslim is permitted to hide his faith if it will help the cause (Qur’an (40:28) – A man is introduced as a believer, but one who must “hide his faith” among those who are not believers) and I believe that’s what B HUSSEIN Obama is doing.

            http://www.thereligionofpeace.com/Quran/011-taqiyya.htm

            Look, the third world war began in September 11th 2001 but no one wants to admit it. It’s not politically correct to say, but I’m saying it. It’s also not politically correct to say Obama secretly resents and hates the very country, America, he has pledged to represent. The overwhelming evidence is that he is a Marxist, he is a Muslim and he will destroy America if he gets a second term. How does this make you money? I don’t know how to respond to such a narrow and selfish question except to say that you WON’T get any money if this man is re-elected and ruins the country.

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

            This is the dark side of the Republican propaganda machine. Sadly, you bought in with both hands. I wish you luck on your battle with insanity.

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

            Look at the photo of Obama’s ring! That’s NOT republican propaganda:
            http://creepingsharia.wordpress.com/2012/10/10/obamas-ring-reads-there-is-no-god-but-allah/?utm_source=dlvr.it&utm_medium=twitter

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

            Mitt wears magic underwear and you’re worried about an Allah ring?!?!

            Again … You’re an IDIOT!!!

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

            Doesn’t everyone wear magic underwear?

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

            I’ll bet Merlin does …. That’s two … Fly?

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

          So, are you trying to convert what scant percentage of the 3-5% of undecided voters out there who may be reading this site with your rhetoric?

          I just don’t understand the mentality of people who come to a blog/article and post comments completely unrelated to ANYTHING presented in the original post. I’ve been on the internet for a while, and that’s always been considered SPAM.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
    • SUBCOMANDANTE CHINCHINILLA!!!
      SUBCOMANDANTE CHINCHINILLA!!!

      Yeah, that’s terrifying.

      Does this scare you, too?: my balls are actually Faberge eggs.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  5. asteroids

    I’ve been with a client the last few days after the Canadian Thanksgiving Monday. A quick look at the market suggests it is still sucking donkey dick.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Trading_Nypmh

    I am enjoying my mini bear rally of course. Actually imho, after we gasp around for a rally attempt with this technical bounce in WTI oil over 90..we should move start to sell off hard again when WTI breaks under 90 clean after Brent falls apart from the Buzzard Field reopening on the 16th. Market imho is not following the unlimited QE/OMT anymore, but just following Oil and Gold..which makes a lot more sense. I am still asleep until SPX 1100 is hit again.

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

      lol, I should proof read these things…boy I slaughter the kings language.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • The Eye-Talian Stallion
      The Eye-Talian Stallion

      I guess that means you won’t be posting anymore.

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

        Lol. What goes up must come down, right?

        Banks are still doing well, and why not, they are the main beneficiaries of QE. All the while the real economy is strug-ah-ling.

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

        Eye..Nope, I will keep posting until Fly bans me….Merica, This QE boom/bust cycle has been repeating itself for years it seems. I just am learning what happens at the tipping points. IMHO copper topped Feb 2011 and all the QE since then didn’t take it back to the LME 10,000 level. So Dr Copper topped, so how does the rest of this fall apart? For the Banks..not all banks, lot of people don’t want to put money in Spain, etc banks these days.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  7. bobbin4apples

    Fly, what do you think of JRCC and S in there relative industries?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. hip hop homo

    “we will be smoking blunts made from cocaine laced marijuana again,”

    isnt this statement redundant ?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Vasili

    If QE3 good, why market bad?

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

    Fly,

    Whats going on with NAK. Are you holding it or is it below your 10 percent stop loss.

    Thanks
    Bill

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

    I’m wearing green leotards and buying Coal…long $BTU

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

    On behalf of all Bears for the last 3 days, “fuck you, you’re dead” and thanks for your shirts. Chrystal ball from Merlin, which out ranks magic 8 ball, says that the markets will be bearish in the next 3 months.

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