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

How to Play the Bounce

We have children running this country. Like them or not, I think we can all agree the only adults in power are at the Federal Reserve. Can you imagine if the Fed was a place where fucktarded Senators were appointed, instead of being an independent body?

The best we can hope for now is the Fiscal Cliff being kicked down the road, so that our grandchildren can pay for it. That’s the type of game I’m into. Let future generations deal with this shit. I’m too busy buying and selling stocks like a cocaine gorilla than to worry about deficits and insolvency.

LET THEM EAT CAKE, but not the good kind!

Any rumors of can-kicking will result in an immediate 3% spike in stocks. This doesn’t have to be complicated. Avoid all biotechs and buy stocks that closely correlate to the S&P 500. The industry that does best during reversals is silver. After the initial phase of the rally, swap out of precious metals for tech or heavily shorted commodity stocks. Rinse and repeat. That is the best way to play upside reversals. I’ve been doing this shit for like 1,000 years and I have an IQ that is at least, at a minimum, 50 points higher than yours.

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38 comments

  1. 444

    Yeah, let them eat Hostess cake. That stuff isn’t even good. Who needs Hostess when you have Tastykake instead?

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    • TraderCaddy

      I used to live in Akron,Ohio for a few years in the mid ’70s and had an apartment no more than half a mile from the Hostess plant, General Tire plant and fairly close to the BF Goodrich tire plant.
      The smell of tires and Twinkies coming through was pretty bad.
      But, the upside was the thrift store. We would buy Twinkies, Susie Q’s, and Cup Cakes by the gross and then freeze them. The Wonder Bread was pretty good ,also.

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  2. acehood

    Genetically modified cake will allow us to compete better with the Chinese anyway.

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  3. Mogulhound

    Or was that let them eat cake refering to socialist France? Mary Antonette?

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  4. Randomness

    Your IQ is 50 higher than mine and everyone else however thats an overshoot. An IQ of 50 is higher than all politicians.

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  5. eagle

    Kick the can, and keep kicking.This is what was voted for.Let the kids pay for this.PRINT BABY PRINT

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    • asteroids

      Hey gents: Our grandfathers were playing the same game. It’s time for us to pay for their fuckery!

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  6. eagle

    NY needs 33BIL. We want it now!!!

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    • eagle

      How many people will get trampled at Walmart this black friday? we need a poll.

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  7. Nid

    Sure thing…and another 10% move for World Peace, 30% for Curing Cancer and 50% for Cold Fusion…rumors or otherwise

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  8. joe

    whipsaw markets are gonna fuck everyone ..bull or bear

    i’ll be eating sandwiches

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  9. The Eye-Talian Stallion
    The Eye-Talian Stallion

    DG…

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  10. Mr. Cain Thaler

    Mexican sponge cake for everyone!

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  11. Rollo Tomasi

    The only way to get my Little Debbie cakes is from my cold,dead hands.

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  12. TraderCaddy

    Bought some 3x gold miners etf (NUGT) @ 10.49 for a quickie.
    It’s the Three Stooges play.of the day.Wooh Wooh!!
    And some OIL also.
    As in the Stooges Oily To Bed and Oily to Rise.

    http://youtu.be/–5m7bWlWqo

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    • TraderCaddy

      Out of NUGT@ 10.96.
      My religious belief does not allow more than a 5% gain in 10 minutes.
      However, unlimited losses are allowed.
      I better change religions.

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  13. 'merica

    If you are looking for a safe haven as the fiscal cliff nears, look no further than LNKD.

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  14. republicat

    It’s the Rudolph Christmas Trade starring Yukon Cornelius, featuring Burl Ives as the Talking Snowman singing the Christmas classic “Silver and Gold”.

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  15. JTU

    Getting ass-raped in prison has got to feel better than this!

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  16. Heaterman

    Anyone know of a list of companies, organizations or groups that have received exemptions from Obama care?

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  17. TraderCaddy

    Go to the 0bama list of donors who gave more than 1MM the last 4 years.
    Or go here and scroll down to the middle of the page and open.

    http://cciio.cms.gov/resources/files/approved_applications_for_waiver.html

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    • TraderCaddy

      Forgot to add- check out the list of 417 Unions. They are called multi-Employer Plans. How sweeeet!

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  18. eagle

    Dont forget to ASS stamp your trades.

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  19. eagle

    Do all laptops break after 2 years?

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  20. Bdub

    if your IQ is so high, senor fly… why did you not scale some VHC knowing how overbought it was? Buy some back down here?

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    • ruggyup

      That’s like asking your father, “Why didn’t you use a condom and spare me the horror of our so-called relationship? Oh, by the way, are you planning on more kids?”

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  21. Cascadian

    FB leading the way out of here

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    • The Eye-Talian Stallion
      The Eye-Talian Stallion

      Unfortunately APPL commands most index funds and when folks see their VTI bleeding red they hit the sell button sending the market lower…

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  22. JTU

    Fuck the union and its workers at Hostess Twinkies!
    They’re all standing around with their dicks in their hands this morning wondering “What just happenned?”

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  23. JTU

    Yeah, yeah I know “happened”

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  24. inandout

    It looks like another classic BEDS formation is forming, better known as the Broken Elevator with the Devil on your Shoulder chart.

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  25. JTU

    DDD-Sure thought we would get a bounce on the conference call announcement. I guess people are just taking profits on a stock that has gone up over 120% in one year!

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  26. inandout

    Ben just Purchased of bunch of Futures at the moment, trying to do his part.

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  27. TraderCaddy

    They are kicking the can (of creamed corn) down the road.

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  28. WTF!

    Merlin says: “Poof! Your bullshit relief rally is gone!” “Although I must admit that your 3 stock portfolio is doing quite well.”

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  29. Parasailsam

    Fiscal cliff is a myth….watch what happens if all breaks and plans reach their sunsets. NOT MUCH!
    I would love to see the DC brats fight into a stalemate.
    Winner? The USA.

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