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
23,417 Blog Posts

Is this the Top?

Certainly not.

After each new high comes renewed cat-calls of “blow-off tops” supported by one weak stock or another. The dialogue might sound something like this:

Bob: Did you read Zerohedge today? Boy, I’ll tell ya, this market is really due for a correction. All of that margin is bound to really cut some penises off.

Frank: What the hell are you talking about Bob? Why don’t you go stuff your head inside of a musket and pull the trigger. I’m busy making money in stocks. Leave me the hell alone.

Bob: Hey, what’s up your ass, permabull. I’m just trying to help you out. After all, I know you since we were like sperm cells and don’t want to see you lose money.

Frank: Shut the hell up Bob. The next word out of your mouth, I am going to take this computer and break your skull with it.

Bob: I’ll just leave you with one word, jackass: NETFLIX.

Frank: What the hell is that supposed to mean? (busy smoking cigarette while executing trades)

Bob: Well, duh, it’s down 5% today and that has been the bulls’ number one momentum stock.

Frank: Hey, tell me this Bob, does your wife stay with you because she feels sorry that you lost all of your money shorting the market or is she just stupid and has nowhere else to go? She is a pretty girl, after all.

Bob: Make jokes all you want, Frank. I am going to be dancing on your grave soon enough. And I won’t stop there. I am going to dig up your grave, rip your skeleton out from the coffin and skull fuck you as the market tanks.

Frank: Blow me. Now go fetch me a coffee.

Bob: I’m heading out to lunch now. I just bought some VIX options. It’s a layup here. I am telling you.

Frank: You know what’s a layup here Bob?

Bob: What Frank? Tell me something clever.

Frank: Your wife Bob. Your wife is a layup here.

Bob: (fist pumps as he executes another $2,000 order in TZA)

Frank: Are you buying that TZA again? You’re better off taking a nice bubble bath and then dropping a toaster in it, than messing around with that thing.

Bob: You will see.

Frank: Didn’t you lose like $500,000 in that thing back in 2009?

Bob: It wasn’t that much, but close.

Frank: I’m telling you Frank, your wife is definitely a lay up here. She’s just waiting for a reason to leave your dumbass.

Bob: (fist pumps with excitement as NFLX ticks lower)

Frank: Jesus Christ you need help. You don’t even own puts on the darn thing. Come, let’s go to lunch. It’s on me.

Bob: Thanks. They’re having a special at the diner downstairs.

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34 comments

  1. dragun

    Fly, back to the toilet paper stocks. If old men that are still holding bonds look to rotate out this year, will large cap names not be the beneficiaries of said rotation?

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  2. drj_md

    Another classic post – bravo, Sir.

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  3. mr.partridge

    BREAKING: Zerohedge name change to Justzero… developing

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  4. green machine

    This is pure genius!

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  5. flyaway17

    Hey, the employees should not be calling The Boss an a-hole, even in jest.

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  6. kasparov

    Bob is a foul-mouthed degenerate. He deserves to find himself in negative equity situation…AND MORE.

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  7. flyaway17

    IMMR is smokin’ lately, I may nibble soon OR wait until after earnings, trying to decide.

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  8. matt_bear

    if things keep up, i’m going to need a serious tax professional. with the gains i’ve booked so far in january, my work paycheck wouldn’t even cover the tax.

    #1 side effect of trading with ibankcoin…leads to tax professional problems.

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  9. eazykid

    Nice blog George. You must be in a better mode today.

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  10. zusch

    Why is this blog free?

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  11. mr.partridge

    Got some GOGO? LMAO all the way to the bank….

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  12. boston george

    we dont use the T word around here

    twitter bots listening

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  13. it is showtime

    Those of us inversers that haven’t been pushed out yet… Aren’t about to go… Now

    I wasn’t around for 99 and 07. Shorts lost their shirt even though they were right.

    Live within my means w enough to stay flat. You all participating in this will have to live with it when the Big drop comes.

    I wont

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  14. amaiken

    looks like it was the top for txtr though

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  15. matt_bear

    You keep the positions small, and when the big drop starts you take your pain and then adjust.

    I could be up 200-300% before it comes. I’ll gladly take a 15% hair cut after a major run up vs sitting the entire thing out.

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  16. sodapopinski

    An Epic script worthy of Chekov, Señor Fly!

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  17. clock

    Bobs wife is cute, but layup not the first thing that comes to mind http://tinyurl.com/ca3pfxm
    …..me thinks both Bob & Frank kinda fucked up.

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