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
23,431 Blog Posts

Stop Hating on The Clam

Everywhere I turn people hate on the clam, mock him even, for implementing QE. People of a lower cloth think they know more than the good Dr., declaring in dismissive tones “the Fed is wasting their time with QE; the economy still sucks.” Immediately after making these statements, they eat whole bags of cheesed doodles and wash it down with pop of the soda.

Plainly and without reservation, you’re just an idiot. Who are you to question the heavy pimp hand of Benjamin Bernanke?

His job is to keep stock prices stable to higher, not create jobs–you fucking faggots.

Is it Bernanke’s fault when the dick-grabbers from Congress can’t balance a budget or effectively govern the economy?

No.

But ask yourself this question the next time you hate on the The Bearded Clam:

Where would the stock market be without QE and what type of debilitating deflationary effects would’ve gripped the economy by now without it?

The Bearded Clam knows all, an American hero of legendary proportions. The lot of you are merely citizens pushing pencils.

Fuck off.

NOTE: Major props to ChessnWine for killing an Apple short sale trade from yesterday inside 12631. Both Chess and RC absolutely killed it in 2012.

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22 comments

  1. mrkcbill

    Off to watch Barry Lyndon

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  2. mrkcbill

    God Damn Fly its easy to be #1 …where the hell is my man Zombie

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  3. sspiff

    Without the powers of Ben we would be mired in a deep hole clad in burlap, The central bank has done a good job in a tough situation.

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  4. ecchymosis

    Never mind the pop of the soda, I want the pop of the SWHC.

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  5. JB

    player to player, pimp to pimp

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  6. Prospectus

    Bernanke is the man of the century so far. A prophet is never respected in his own country, and history will show that Bernanke is our Atlas. The fate of the world rests on his shoulders. I’m sure everybody and their stupid dog hated Volcker for blowing rates “Colorado blunt” high at the time he did it, but now he’s more revered in hindsight than Ronald Reagan. If people thought 0bama was the savior, the Bernank is his Father.

    Of course we will see when/if inflation picks back up (LOL) if he will tap the brakes or keep blowing the bubble, but I think by that time he will be long gone, retired in Zurich, sipping an Earl Grey tea through rings of rich cigar smoke.

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  7. Cascadian

    We still have one sane person (not elected) to deal with the economy.

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  8. Jeff

    Fly – you may be a creature from Montauk

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  9. surplusdroids

    We would have washed out.
    And the S and P would be 200 points higher from the frenzy of buying with no huge national debt.

    Shit. I don’t know.
    If the banks went bust local warlords would start credit unions.

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  10. The Real Muppet

    The Real Muppet closes his spy puts on morning weakness. Good Day to you Gamblers

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  11. jimmy_two_times

    mmmmm cheese doodles mmmmm

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  12. Mr. Partridge

    Just talked to an Argentina fellow here on the beach… his name is Raul, had to ask if he blogs lol

    He is about 60, his girlfriend is about 27-28…

    Congrats to my man Raul for winning this round 🙂

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  13. TraderCaddy

    Can the “tape” be anymore obvious?
    Chips higher, major financials higher (and holding very well on a relative strength basis over last 3 days via XLF) and major NASDAQ stocks up.
    Except of course for AAPL. On top of that the Tradebots keep hitting the bid/ask at round numbers and at .50 and IWM (Russell 2000) is up.
    Go long.

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  14. JV

    Constant refrain of ‘ fucking faggots ‘ is as funny as your penchant for anything ‘ wigga ‘.
    Which means – hilarious. #nowiggas

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  15. TheRealPerformanceChaser
    TheRealPerformanceChaser

    Props to chess on AAPL trade! Most excellent. Does anyone know what ‘absolutely killed it in 2012’ means? Thinking of signing up for the esteemed 12631 service but would like to get an idea of performance. Dr Fly? Care to share?

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