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

Get Ready For The Global Coordinated Response

The Fed will extend swap lines to Cyprus and the ECB will concoct some ingenious plan, all to be revealed on Sunday night. I’m starting to believe these people aren’t stupid after all. They feign dumb, self-inflict crises, then drop the hammer on anyone who sold short.

What better way to win the hearts and minds of the people than destroying the opposition?

Over the past 5 years, there’s been a coordinated and very organized effort to hurt short sellers, or people who just want to get 2-3% in a savings account.

This economy favors risk, speculators, people like you and I willing to buy FRO because they are heading for bankruptcy, not because their earnings, or lack thereof, are any good.

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9 comments

  1. Zero Dark Kitty

    Fly, are you a believer in the thesis that shortened weeks from market holidays often brings rallies?

    Next week being Good Friday

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  2. Trading_Nymph

    Or everyone is surprised that Italy won’t be able to meet its 3/26 deadline and have to have elections again…

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    • Bravo

      Good point. Time to throw meatballs again. The EU is like a box of chocolates.

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  3. lulusteel

    The Fly…you’re so right.

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  4. tardman mcmantard
    tardman mcmantard

    Has the devil started breaking your balls yet for selling CALL at the lows?

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  5. The Eye-Talian Stallion
    The Eye-Talian Stallion

    A coordinated G8 monetary policy designed to kick start the economy is working.
    When the French minister of economics declared last year that “austerity is counter-productive and will not be tolerated by the populace”; he wasn’t just talking through his hat.

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  6. jimmy_two_times

    any systemic risk will be cauterized quickly. 08 will not be allowed to happedn EVER !!

    funy thing is BCG wrote a piece about all of this in 2011 and hitting people with a “one time tax’ to make up for all of the shortfalls. Cyprus is the Lab.

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  7. DAN

    Buying FRO when it’s heading to bankruptcy?. What a silly buy. Admitting it’s heading to bankruptcy and then buying it. LOL!

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