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
23,466 Blog Posts

Trading Like a COWARD, Ahead of the Elections

If Romney is up by 5%, according to recent polls, how the fuck is it a close race? From my vantage point, this election is going to be a runaway landslide, not even remotely close. After King Romney wins, coal will soar, as well as banks and brokerages. People will rejoice in the streets, throwing $100 bills at one another, discarding the cocaine for a more appropriate form of illicit substance: near extinct animals cooked to perfection.

But a Romney-Ryan administration means austerity, balanced budgets and the end of QE. That’s right kids, Romney will fire Bernanke, which is sure to upset the markets.

So I am at a cross-roads of sorts, currently building my new thesis through a comprehensive watchlist–just looking at my 18% cash position collecting dust, as all of my “to buy” stocks rip to the upside. I am a deer in headlights, doing nothing, as the fast cars pass me by.

I wanted to buy CIEN and ABFS yesterday, but opted against it because it no longer conformed with my thesis. That’s the problem with discipline: you miss out on all the fun. But in the long term, the (AS I WRITE THIS FUCKING BLOG, I JUST SPILLED FRESHLY SQUEEZED ORANGE JUICE ALL OVER MY WHITE SHIRT).

I don’t even feel like finishing that sentence anymore. This shit is boring me to death. Fuck this shit.

I’m up 1.3% for the day, trending higher, and the markets are going up. Let’s just leave it at that.

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

60 comments

  1. ScroogeMcDuck

    get back in ANR pre-earnings….little birdie told me it’s a beat

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

    Its an electoral college thing. Obama has a real advantage there. I’m all for Romney but… I’d say based on the ec … Obama is the favorite

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

      wow you’re dumb…You need some V.Kingdom bro…

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

      This is a fact, someone show me hoe Romney can with the electorate? Not likely, but he may get the popular vote.

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

        Popular for what? being mormon? Hes the govenor of Massachusetts ….FUCKING Massachusetts. Get a real job.

        Obama will win.

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

    I do believe you are wrong Senor Fly, as the probabilities still stand in favor of Mr.Obama winning this election.

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

      I do not think that the polls mean a thing, and are about as liquid as New Jersey’s back yard.

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

    With all due respect, can you cite a legitimate poll that shows Romney “running away” with the electoral college tally?

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

      … or even one that shows him leading in the electoral count?

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

        The “polls” are based on the 2008 baseline of voters…If you use the 2010 (2006,2004) of actual voters Romney is destroying 0Bama…2008 was anomaly…If you believe this country is shitting themselves to vote for this idiot again I have some penny stocks for sale…

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

    Fuck Odumbo!

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

    My understanding of the polling process is that most of the polls (MSM types) are over sampling Dems. based upon the ’08 turnout.
    However, the same moronic MSM are saying the enthusiasm factor among Dems is down this year.
    The Orlando Slantinel (Sentinel) reported a couple of days ago that two million Floridiots have early voted and that the Obama turnout is 70% less than it was in ’08.
    I know when I voted (7AM Sunday) I thought the majority of the people (already 200 in line at that time) were pretty pissed off.

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

      That’s why these polls are worthless. They weight certain groups, whether it be dems/reps, men/women, etc., differently based on whatever the hell the pollster thinks will be the actual turnout ratio.

      Worthless isn’t the correct word, the polls are biased.

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

    Apparently Romney, if elected, could not fire Ben, but could only fail to re-appoint him when his current term ends.

    It is silly, in any case, to think that the most powerful man in the world could possibly be thwarted by a peon like a U.S. president.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Show the Cards

      Please stop with the obsessive drama over Ben. Stop worrying about things you can’t control and focus on your work, with an extra dose of discipline, or there will NEVER be the long pay-out.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • The Plumber's Crack
      The Plumber's Crack

      The Clam of the highest esteem.

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

      lol

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  8. Show the Cards

    If Romney gets selected, I bet he will be BBQ’d by swear-in time, and next thing you know — Ryan will be leading this country due to his boss’s leave, for personal reasons.

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

    Polls Moles! They mean squat.

    Intrade has Emperor Obama leading by a wide margin.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Sierra Water

    Fly, you actually believe Romney is not going to go along with the status quo with respect to spending? Austerity? Really..? NO CHANCE IN HELL Romney inflicts Austerity. Spend he will!

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

      Repubs talk the austerity tallk the austerity talk but they don’t walk the austerity walk.

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

    Romney = Herbert Hoover? I doubt that. Anyways, Obama is gonna win now, thanks to this storm. He gets to be all over TV being President visiting and being sympathetic to the storm victims. The media can give him all kinds of time doing that, and then equal time for his campaign with Romney’s campaign. You cannot buy the value of that publicity. Campaign appearances are full of supporters. Political ads are ignored. But extra coverage in the real news is priceless and will probably swing the momentum of the race. Get ready for 4 more years of Bronco Bama.

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

      I don’t think hurrican response is going to make people forget the last 4 years.

      Obama has some pretty unpopular initiates under his belt. Looking presidential a week out certainly does help, but do you think it’s going to swing Ohio, 1,000 miles away?

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

        What will swing Ohio is all the cities where Chrysler and GM have factories. Youngstown stumping isn’t going to push the rest of the state over the line.

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

      RE hurricane response…..Methinks that federal government is about to be blamed for all manner of things now going wrong in the tri state area. The shit storm is about to begin. 0(zero)bama is not taking care of his homies the way they like it.

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

    Europe is going the austerity route. Buy Euro stocks. They will be kicking our ass in 15 years.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Jeff

    Fly = Dummy if you think Romney wins.

    Who has more blue blood?

    Why do you think votes count?

    Apple
    Lemon
    Ginger
    Cucumber
    Celery
    Cilantro
    Parsley

    Slowly Juice Fly – tastes like your fine red with your 2.5″ ribeyes

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Show the Cards

    Please stop with the obsessive drama over the s/election. Stop worrying about things you can’t control and focus on your work, with an extra dose of discipline, or there will NEVER be the long pay-out.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Show the Cards

      Ending welfare, for the weak and undeserving

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

      It’s better to be lucky.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Show the Cards

        Wake Me Up When You Learn to Play Without Luck

        You don’t want to be here. Seriously. Who would want to be in this country. Who would want to live, to breathe, the contamination, to live in its filth? Who would want to be, Right here, right now?

        There’s nothing to see but crumbling marques, instant karma and disease. Just history spilling its mark, bleeding what was into what may be. There’s nothing here but dead and used up content, falling into the bins of dumpstered effigies, filling up, falling down, washing away. By the way, rain cleanses, washes down the ashes and disease into the abundant, grime-diluting seas.

        So, really. Who would want to witness the gradual decline of a grand and powerful empire? Seeing absolute power melt into weakness and loss, denigrated, a chart tracking diminishing returns, a shriveling switch, hard as granite turned soft as goo. Witnessing their shame, a pathetic display, it’s depressing, actually.

        You don’t want to see this, I’m telling you. Because it’s the same thought-dream, the same scene, time out of mind, the same scheme tortures our minds drenched in ill communicated channels, making us endure relentless inflexible blind Time, waiting for a mega mind revolution, critical mass. Did it happen yet?

        In the meantime, I’m going for a walk. I ain’t gonna work on Maggie’s farm no more. We don’t live here anymore. I said I can’t take this town, I’m leaving you tonight. You’re gonna be a blip on the screen. This will be the greatest thing man has ever done. Wake me up when September ends.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  15. zzzdoc

    If Romney is up by 5%, how odds at Intrade are getting worst for Romney? According to Intrade, O has a 67% chance of winning.

    I believe Romney will win convincingly, but Intrade, where there is money at stake, does not reflect that. What am I missing?

    zzz

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

      Reality. Romney is way behind in the electoral college tally, the only number that matters. http://fivethirtyeight.blogs.nytimes.com/

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

        I don’t know about it. Rove just came out saying he thinks Romney sweeps.

        And Karl Rove knows a thing or two about the electoral college.

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

      It means that of all those folks here & elsewhere who claim R will win, almost none of them really believe that enough to put their money where their mouth is.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  16. Frog

    Yeah, buy Euro stocks in 15 years– IF the austerity route works.

    The IMF has stuck a lot of countries with auterity programs by lending them money & then they have to go through austerity to pay it back. However, it has never worked. Not even once.

    Of course, all this is an over-simplification. Because neither extreme– austerity or overspending– is usually a good idea.

    The best course is a moderate course of prudent spending in good times on essential programs like highways & then saving some money for bad times. And then maybe spending just a bit more money than you have, during recessions, in order to get an economic recovery.

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

    I called it two months ago, 0bama wins five states. I don’t think anyone is interested in paying taxes for healthcare, including democrats. Besides, it’s the economy, stupid.

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

      Could it be that, the odds are manipulated to suck in morons that believe that 23 million unemployed and 46 millions on food stamps are a good thing and that a second presidency O will not make things worse. He will keep those numbers but only add 4 trillion to the debt!!!

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

        Yeah, let’s go back to the wonderful Bush time in 2008. Things were so great then.

        It takes time to dig your way out of shit that deep– especially with Repubs voting against recover efforts, and using the filibuster in Congress more than it has ever been used before, in order to block economic recovery efforts that would have hurt their election chances.

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

          What about Ben spending 40 billions per month, every month, until he receives a medal for helping save the country!
          How do you repay 16 trillion in debt, soon to be 20 trillion if O gets re-elected?
          Seriously, how do you repay the debt?

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

            And you think the most powerful man in the world can be controlled by a little U.S. president? Think again.

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

            Of course O can control Ben.
            It is HIS employee.
            You did not answer how you repay the debt. Are you not paying it back?

            zzz

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

            THAT is the only rational, logical and sane way to deal with it. There is no way, no possible way to pay back the debt now on the books. Especially if taxes are left alone and we get real austere.

            Taxes have to go up at some point. The economy has to start ticking off 5%+ growth in GDP. Neither of which is on the radar right now.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  18. Frog

    Time will tell who called it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Show the Cards

    Good thing you have a home office near a wardrobe full of white shirts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. It Is Showtime

    What is the position of someone who held DECK through earnings. To be made whole?

    What is your position now

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Santellisux

    I don’t know what polls Fly is watching except maybe pole dancers at a strip club – but NONE of the current polls have Romney up by 5. After Sandy they’re starting to move in Obama’s favor.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. JTU

    DDD-How many days are left before this stock is considered covered?

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

    Hurricane Sandy is wind in the president’s sails
    For all its destruction and displacement, “Hurricane Sandy has given Barack Obama a lift beneath his wings,” says Roger Simon at Politico. The public gives him high marks for his response to the disaster, and it has “provided him with one thing he has most needed since the first debate: The opportunity to look presidential.” I can even see Obama “getting a significant boost from a Republican Governor who also happens to be a chief Romney surrogate,” says Doug Mataconis at Outside the Beltway. Gov. Chris Christie’s post-Sandy love-in with Obama might not win the president many votes in Ohio or Virginia, but it could easily sideline his challenger “just enough to prevent Mitt Romney from crossing the finish line.”

    Stupid huh, Fly?

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

      If you’re quoting 2 liberal internet rags, i.e. Politico and Inside the Beltway, then yes.

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

    Hypocrites!

    http://www.bloomberg.com/news/2012-10-31/superstorm-aid-to-states-muddles-anti-government-message.html

    The deadly storm that caused destruction across the northeastern U.S. also muddled the free-market narratives embraced by presidential candidate Mitt Romney and Republican governors of several states, including New Jersey’s Chris Christie, who praised President Barack Obama for his help.

    The governors have sparred with Obama over expanded health- care coverage, taxes and federal debt, while Republican leaders in Congress have sought to offset or limit disaster-aid costs.

    Virginia Governor Bob McDonnell, who called Obama’s policies “horrific” on Oct. 1, praised the speed at which the state was granted federal help.

    “To get a disaster declaration in literally a matter of hours is almost unprecedented,” McDonnell, a frequent speaker on behalf of Romney, said at a storm briefing yesterday, according to the Richmond Times-Dispatch newspaper.

    “Their prayer is, ‘Lord make me a fiscal conservative, but not quite yet,’” said John Pitney, a professor of politics at Claremont McKenna College in Claremont, California, referring to the Republican response to the storm a week before the Nov. 6 election.

    The destruction has underlined the central divide in a contest that has turned on the role of the federal government. Romney has been lambasting “trickle-down government” and Obama defending the federal safety net.

    Republican leaders who say the government should reduce spending to rein in federal deficits have included disaster aid in their calculus. Republican-leaning research groups such as the Heritage Foundation have produced studies showing what they say is out-of-control spending on routine disasters, meant to reward leaders in favored states. A Heritage report in January called it “presidential abuse of FEMA.”

    For the second day, the Romney campaign tried to dispel the notion that the candidate would abolish FEMA if elected.

    “Governor Romney believes in a very efficient and effective disaster-relief response, and he believes one of the ways to do that is put a premium on states and their efforts to respond to these disasters,” spokesman Kevin Madden told reporters today on the campaign plane. “But he does believe FEMA has a really important role there and that being a partner for these states is the best approach.”

    Yesterday, Romney repeatedly declined to answer questions about his earlier statements.

    Currently, FEMA is authorized to assist state and local governments following disasters. “FEMA is not the team, but part of a team,” the agency says on its website.

    Republican congressional leaders wanted budget cuts last year to offset the $1 billion the Obama administration sought for disaster relief.

    http://www.nypost.com/p/news/local/mayor_bloomberg_endorses_president_HsmZfiDjIMNylFYDoHWQ5I

    http://www.businessweek.com/ap/2012-10-31/ny-officials-will-push-for-max-federal-storm-aid

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

    Christie is out for himself. Romney will win, take it to the bank.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Show the Cards

    I had a similar experience with an unlit cig snapping in half, except much nearer the butt line; (less mess, but what’s the real difference if you got a spare shirt or a spare pack of cigs?) and then realized later — when fly feed went live. I never tuned in, till recently.

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