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
23,474 Blog Posts

I Was Dead Wrong, But Exactly Right

I misjudged the incompetence of our government, thinking they’d parlay the panic to the latter half of the month, in order to give investors a respite for the holiday season. I was wrong.

My original assumption, a bet if you will, is for massive incompetence–on an industrial scale–to take place in Washington DC. This is a high probability trade.

Since I am not in the business of shorting artificially inflated markets, I opt for cash instead. I swapped out of NXPI for UA today, and added to SWHC–based upon RECORD gun sales this black friday.

At the end of the day, I am destined for extreme winship of the belligerent variety. I intend to purchase your margin liquidations, once again, when dressed in tuxedo, top hat and white gloves. I will purchase your shares using the tip of my cane–as I do not intend to ever get my hands dirty.

With gains in excess of 20% for the year and time on my side, I am poised to close out 2012 successfully, restoring The House of Fly back to its former glory.

http://www.youtube.com/watch?v=Cqg_ZGcuybs

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19 comments

  1. clegger_2000

    No RGR for your portfolio?

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  2. fake amish

    The socialists are back. No one panic they just want most of your money. It is not like you earned it. Markets will be fine just look at consumer confidence. The ebt cards are flowing and the blue sky is endless.

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  3. Jeff

    The Fly is king..

    Long live the 2.5″ ribeye

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  4. republicat

    Totally Bad Ass Invention for the Shark Tank On ABC Friday Nights :

    Ruger 22/45 Lite with an embedded Samsung Galaxy III, equipped with special safety device to prevent discharge when you hold phone to your head.

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  5. elizamae

    There is just so much to like about Talking Heads.

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  6. rob T

    Excellent song choice. My favorite.

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  7. JTU

    Why is it that every single fucking day some asshole somewhere has to make a comment that derails my investments? Fuck you Reid!

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  8. Freebie

    You see Mr HedgeEye McCullough on Fast Money tonight? They were calling him out on his bad short calls, funny shit.

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  9. Bilderberg Member

    Always remember Congress is as real as WWE wrestling, those actors put down,cuss, accuse, point fingers and threaten each other in front of the camera and then go out, drink and laugh at us when the camera is turned off.

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  10. Wrong

    We’ll have a deal by Dec. 21st. Consenses is wrong on this one. This next swoon is buyable. To much on the line and everybody loses the next election and Obama ruins his legacy if they fuck this up.

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    • fake amish

      What legacy? The transition to socialism is right on track. Those that choose to work get to give it all back like a true eurotrash nightmare. Mission getting accomplished one new poor voter at a time.

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      • Wrong

        Definitely eurotrash nightmare. The national debt is a bigger deal than the taxes IMOH. Its the boomer’s greatest legacy to all of us – no responsibility what so ever.

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  11. Mr. Partridge

    No damage done to my ports so far, pretty much in high cash and some low beta hedges…
    Stay safe.
    PM miners got kicked in the nuts pretty hard today among other things.

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  12. MX2101

    Bernanke’s new optimism is surely in no way related him not having to consider lifestyle changes or selling a house for, oh say about 4 years?

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  13. reader

    This Is The Place!

    How much would The Fly donate to fund the much-sought and likely never-to-happen reunion tour of Talking Heads?

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  14. theedge111

    I don’t see a win here…..Kick the can with some whimpy deal and the market won’t buy it. It may pop but It’ll fizzle quickly.

    Go over the fiscal cliff and we have an instant nasty recession.

    Meet in the middle and have real reform then austerity kicks in, taxes rise, and entitlements get hammered.

    How are any of these choices bullish longer term?

    We’re fucked. Huge dip coming soon. I see no way out of this without SEVERE pain.

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  15. asteroids

    Cash instead of shorting, so endeth todays lesson….

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