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
23,441 Blog Posts

Only Crazy People Are Buying Now

If you love Obama, Harry Reid, and the rest of the gang, you’re probably warming to the idea of buying this market. You figure there isn’t any way the GOP can withstand the Godship of the democratic party, led by Jesus himself, and thereby caving into the messiahs demands–sooner rather than later. However, I believe you underestimate the true crazy that is embedded at the heart of the new religion based, gold bug, wing of the republican party.

No longer are the republicans wearing checkered pants on the golf course, working diligently to keep out the riff-raff from their respected country clubs. These new guys are only interested in the default of the US treasury. They feel, and have always felt, “we’re spending recklessly” and it’s “best to take our medicine now than later on” when it might taste bad, filled with sugar and all sort of fillers. The GOP wants you to die from cancer right now and do not feel the need to bother with expensive chemo-therapy treatment.

The faster you die, the quicker you will get to meet Jesus, then be reincarnated, back to living a sin-less life of austere conservatism, purchasing wares with coins made from 24k gold.

THAT’S WHAT YOU’RE DEALING WITH NOW. Good luck.

UPDATE:

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27 comments

  1. acehood1

    brilliant last paragraph; sums up the tea party better than anything I’ve read.

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  2. superpositron

    Sell rallies for the next 10 days then go long when Boehner grows a back bohne and breaks the hastert rule.

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  3. TheHarper

    Partisan or not, I love this post. You truly get it.

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  4. inconceivable

    The Dems want us at 500% debt/GDP tomorrow. The GOP want us there a couple days later. That’s the difference between the two parties. Tea Party controls nothing.

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  5. jules

    Any particular reason MHO is selling off today on no news whatsoever? They were just upgraded yesterday.

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    • The Fly

      As you know, I sold MHO.

      I sold MHO BECAUSE THE FEDERAL GOVT IS SHUT DOWN AND SO WILL THE HOUSING MARKET IF IT DOESN’T OPEN BACK UP.

      All homies are getting lit

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  6. matanzas

    if only crazy people are buying stocks, is it also true only crazy people are long stocks?

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  7. tx slave trader

    Classic Fly post…completely accurate and funny as fuck.

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  8. j

    Hi Fly… been a while

    I don’t get the reason why there would have to be a default if there’s no rise to the debt limit.

    The US takes in around 2.5 trillion a year. Debt obligations amount to around 400 billion. So there’s plenty of money to pay debt holders.

    The Kenyan may through legalities order the Treasury not to repay. But that’s another risk.

    However, not raising the debt limit would of course mean a sudden austerity shock assuming the Kenyan continues to repay debt, but the Fed could set off with even further monetary easing. Good for stocks?

    I don’t think it would be the end of the world if there’s no more increase in the debt ceiling. It would be seriously rocky but not the end provided the Kenyan doesn’t stop debt repayment.

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  9. budh

    This gov’t shutdown is not bothering me a bit. Gov’t workers can take a little leave of absence, just like private sector workers often have to do. But they’ll give them the money anyways.

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  10. TheHarper

    I like the Christian Tea Partiers. We both agree that the Jews should move to Israel to bring the Messiah…we just differ on who that is going to be. Keep my friends close, but my enemies closer?

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    • The Fly

      The jews move to Israel to bring the Messiah?

      So bring Obama to Jerusalem?

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      • TheHarper

        According to the Old Testament. I, personally, would rather Obama not besmirch the holy city of Jerusalem.

        As an aside, you should see an AIPAC conference, 40% are right Christian bumpkins. Too funny.

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  11. eazykid

    “we’re spending recklessly” what do you think Fly? Would you invest in the U.S. government if it were a corporation?

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  12. clegger_2000

    Time for the VXX vapo rub?

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  13. heckler

    Boehner looks like he’s on the brink of tears (again). Hmmm… as I sit here in SEA, fully fuckin’ furloughed, I’m starting to get bored. I guess I thought I’d get to play “some damn game” and leisurely trade stocks all day without having to rush to work. But I’m disinterested in this market, and I’m not crazy people. So here I sit, idle, with a grip of cash.

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  14. purdy

    Bah. While a few of these guys (Paul, maybe Cruz) are true believers,most were around during the idiot Bush’s presidency when they voted for spending a unfunded $trillion on Iraq and an unfunded $trillion on Part D. They’re full of shit.

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  15. prophet

    Guys, Jesus is real and He’s coming. Are you ready? today is the day of salvation. dont wait repent now. give your lives to Jesus. He is the only way to eternal life. John 14:6 I am the way The truth and The life no man comes to the Father but by me. If you died today do you know where you will go? forget the markets and money you cant take them where you’re going. Matt 6:19 dont store up treasures here on earth where moth and rust destroy instead store up treasure in heaven. this life is too short. James 4:14 Life is but a mist. the word of God is the only truth guys. Jesus is coming very soon keep your eyes on Jesus and watch closely to Israel. see how small Israel is? ever since the beginning the arab nations have tried to take over Israel and guess what. they cant. why you ask? because its God’s Holy land. people in hell 1,000 years from now will be asking themselves why didnt i accept Jesus over and over again for eternity………

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