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
16,715 Blog Posts

The ‘Smart Money’ is About to Get Real Dumb

The Caesars who manage America’s money all went to the Hamptons this weekend and will stay there until late August. In there place are junior traders who are scalded with hot, boiling, coffee– if they should spoil the treasure. They are told, under the crack from a leather whip, “do not mess anything up while I am gone. I am off to party with pounds of cocaine and hookers. See you in the Fall.”

As soon as the senior traders and managers leave, the juniors set their goals on destroying said institution via really dumb trading, desperate to make a name for himself.

Yes, it’s true, most of this is occurring in my head, exclusively. However, I think it’s fair to assume, with the SPY +15% for the year, the summer is going to be a snoozefest. We should all prep ourselves for a different type of market, one that doesn’t bend to the caprices of gamblers.

I just can’t get over the fact that my FRO got shaved for a quick 70 cents inside of a week. I knew I should’ve sold some. But I am going ‘full maniac’ on this one, even though (and this is a very important though) I haven’t any formal expertise in the shipping industry. I don’t even know how to tie a bowen knot, let alone be onboard a shipping vessel and not throw up on someone’s face.

I like to believe my intuition and experience count for something, when making bold decisions. The truth of the matter is, the market doesn’t wait for logic. My rationale might be spot on– but is the time frame? We shall see inside of a year.

Aside from that, I’ve been dealing with my allergies to the Earth. I am not from this planet and do not like your pollen. Where I’m from, one can breathe the air without violently sneezing into the wind. I’d like to hit the person who invented pollen with a god damned shovel–right in the nose.

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24 comments

  1. Juice

    your writer uncle or great-uncle or whatever, would be proud .. good stuff

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  2. ultramarine

    Dr. Fly, thanks for the heads-up on being cautious about the summer markets.

    I hope you recover soon from the attack of our alien spores.

    As a remedy for space-alien allergies, have you heard of “Grounding”, or “Earthing”? It’s a pseudo-science-like practice that believes our bodies benefit from being physically in contact with the electrical charge of the Earth.

    I’m still researching it, but from what I understand, practitioners believe when we are physically separated from the Earth (as we typically are every day) then we lose the benefits of that mild electrical contact, building up excessive positively-charged ions.

    It sounds nuts, but people who practice Earthing claim of many benefits, including relief from allergies. Perhaps it’s a placebo effect, or maybe it works in some way like acupuncture.

    More importantly: since you are not from here, perhaps more direct contact with our planet will have an enhanced effect on your health and abilities (like the way Clark Kent was strongly affected in a positive way).

    Earthing can be simply practiced by walking around outside barefoot, or there are electrical mats one can purchase to simulate the effect of the Earth’s field.

    Just Google “Earthing allergies” for more info.

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    • Yabollox

      So we should take off our shoes and go barefoot whenever possible? Like the bass player of Nirvana.

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      • Yabollox

        Come to think of it, walking barefoot on a sandy beach at the edge of the ocean is a nice experience.

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    • Jon

      If my memory of science class is right, ionized atoms are the unstable type that trigger certain chemical reactions. Socks rubbing on carpet ionize them. but shoes are made with rubber soles, insulators of electricity… Then there are wooden shoes too, also an insulator. Wooden house on a concrete slab… insulators. Cars have rubber tires. We were born barefoot, yet we are indoctrinated into a practice of insulating ourselfs from the nautral state….

      With that being said, how do a few ionized atoms lead to ones body rejecting nature via a sneeze? Is “the planet” suppose to see anything that has not had contact with itself as “alien” and its fighting a virus in scalar holographic parallel reality from the atom to the universe sort of way? Just as a body’s cells fights invaders via antibodies being shot at it pollen shoots out its alergetic shit until we all want to kill ourselfs… Hahahaha

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      • ultramarine

        Yeah, that’s a good point: if we remove ourselves too much from the Earth, then the Earth may react to us instead as a foreign body that’s a threat…

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  3. Just Saying

    Mr Fly, I would pay good money to view your entire music catalogue.

    Nailed it again sir.

    Thank you.

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  4. Just Saying

    http://www.youtube.com/watch?v=t8p9rolham8

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  5. clegger_2000

    US Futures look like crap.

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  6. Jules

    I feel your pain fly, the sneezing becomes unbearable. Though I like to take my frustrations out on the Bee species, they appear to be the number one importer/exporter of the pollen commodity.

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  7. 200day

    It’s “Bolen Knot”

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  8. tw

    Fly, re: your allergies.

    I would recommend dropping all wheat and wheat containing products. My allergies are down materially from doing this, and whenever there is some wheat in something I eat: bam, I feel stuffed up again…..and no this isn’t an allergy to wheat, but rather allergies exacerbated by the properties of wheat itself.

    Might not totally eliminate them, but a significant reduction is possible.

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  9. prospectus

    Try a supplement called MSM. It’s a sulfur compound. I’m allergic to every grass, weed and tree in Texas and after taking it daily for a while and drinking more water most of the edge has come off my allergies.

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  10. JTU

    I suffer from allergies as well and I’ve been using Eucalyptus hydraSense for about a year and it helps quite a bit with relieving nasal congestion and since it is only a saline solution you have the benefit of not taking any drugs. Allergy pills are pretty expensive plus I don’t really like taking any kind of medicine on a daily basis.

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    • Retarrr Dave

      I am one of the 5 people surveyed that enjoys them, the other 4/5 suffer from them

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  11. Dr. Clock

    “Aside from that, I’ve been dealing with my allergies to the Earth. I am not from this planet and do not like your pollen….”

    Yep, same with Mrs. Clock….whole month now. She uses Claritin-D 24 Hour … says it works pretty well.

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    • The Fly

      It doesn’t work. It is crap.

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      • franky

        Didn’t work for us either. Generic cheapo Zyrtec work magic.

        The reason allergies are so bad in cities is City planners don’t plant female trees because they don’t want to sweep up the abortions. Male trees spew pollen.

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  12. UncleBuccs

    Cousin Fly – I understand it’s anecdotal, but I come from a long lineage of allergy sufferers, and now am 100% allergy free for several years. 1lb of hemp protein a week is what it took… I believe it’s all related to this: HEMP SEED PROTEINS AND THE
    BUILDING BLOCKS OF LIFE AND IMMUNITY

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