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

Rack Life

Any questions regarding the market should be forwarded to “Honest Abe”, as he is now your go to guy for stock market commentary and opinion.

Off to Romania.

UPDATE: While at the airport, on my way to Romania, I averaged down in WDAY, YELP, SPLK and FEYE.

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42 comments

  1. clegger_2000

    So that’s how it ends?

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  2. Berniecornfeld

    Could the last person who holds $FEYE and $PLK please turn the lights out when the leave? Thanks

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  3. The Pirate

    I didn’t understand the title (‘Rack Life’) till I saw the picture… Then I fell out of my chair laughing. What I love most about the ‘Fly’? He can laugh at himself. Indeud.

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  4. Danny1980

    I’m broke I literally went on a spending spree today buying FEYE Calls and Commons SPLK Calls only and DATA calls and commons! To you Mr. Market I say:

    COME AT ME BRO

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  5. Fidel Cash Grow
    Fidel Cash Grow

    And on the 9124th bloggery… It ended. That’s a scary thought. What else do I have to look forward to other than the next Le Fly blog?

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  6. xxxhuggiebearxxx
    xxxhuggiebearxxx

    This is really something. It is like there is an awful market crash….of 1929 style proportions. BUT, it’s all be the surface. Down there the orcas are eating everything in sight.

    Up here on the surface, the market continues to make more new highs daily.

    CRazy.

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  7. J Livermore

    I’ll bet a dagger to the eye socket would be better than the rack.

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  8. Cascadian

    Vlad Putin headed there too!

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  9. ripper

    get ready for a cool 1MM added jobs tomorrow.

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    • ironbird

      Indeed. Socialism for the win.

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    • Cascadian

      Yeah, going back to guys on bicycles delivering the bid/ask. There’s a bunch of jobs right there,

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    • it is showtime

      get ready for further deterioration of the labor participation rate

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  10. it is showtime

    Denial of LATE-STAGE BULL SIGNS such as high flyer finales like Fly’s picks

    Victory for Bears

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    • Boss Jim Gettys
      Boss Jim Gettys

      Great comment. Now I know the market will continue higher…

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      • it is showtime

        Not saying it won’t “go” higher idiot

        my acknowledgement of market control right now absolutely!

        Part of bear thesis, can’t continue forever, no matter what

        High flyer failure. One sign only one sign but undeniable

        Learn to accept a changing landscape…

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        • growly

          I am sorry you are so thin-skinned that you must lash out at those who do not share your views. Not sure what ‘signs’ you believe show this to be a market top. If you look at the VIX for example, has a reading of 13, which puts it around the same level as April 2007–18 months before the melt down. The transport index is also in an uptrend, which does not indicate a traditional ‘top’. Now, if citing these facts makes me an ‘idiot’, then I wish you well in your current bear stance.

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          • it is showtime

            Again, holy hell, you guys are idiots! (LOL)

            Did I say it’s a top? Holy hell.

            Signs. Signs. Signs

            I said Signs

            Signs of late-stage

            Late-stage

            Late-stage bull market. Trashy Ipos. High flyer runs ending. Bullishness all time highs (higher than 87) Sales/revs on largecaps continuing flat to down with increasing p/e

            If you can’t distinguish the specifics and subltety of my posts you, are, an idiot

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          • growly

            Bullishness at all time highs? Maybe you should read the financial news. USA today called for a ’87 style crash in just over a month. Everyone believes the market is rigged and the system is corrupt.

            We are close to all time highs and yet there is widespread frustration, fear, and aversion in the trading rooms I frequent. We are nowhere near the euphoria that marks a late-stage bull.

            If what you mean to say is that, with each passing day, we are getting closer to a top, then I would agree with you. But this is idiotic analysis, as it is always true.

            There is always someone calling for the market to go down from wherever it is. I remember people calling for Dow 1500 or such in 09. Someday, you will be right. Eventually.

            And don’t flatter yourself on your so called ‘subtlety’ skills. Your about as subtle as a mallet.

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          • Izzy J.

            HAHA growley u TL;DR SO MAU , also can tell u have tiny brain like tiny littel babi , try again tiny babi brain growley

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          • it is showtime

            Thin skinned?
            Lashout?

            How about conviction in thought?

            …Think after today that makes more sense?…

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          • The Fly

            Oh Lord Showtime please show us rookies the ways. We are simple men throwing money into flaming barrels of garbage.

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          • it is showtime

            Only ripping you bc you chose to rip me

            Don’t care what “mainstream media” says crashwise. Repeat, bullishness all time high, fact. Refers to market sentiment and margin debt not public perception or emotion like you tried to argue.

            As a permabear, I don’t care about predictions etc, just waiting waiting waiting for that eventual top and at least turn of direction. The subtlety, I will give you that, not very subtle lol

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  11. i Bergamot

    People of the Internets!
    Look at a picture of Dr Fly at the top of this page. Here is what you don’t see:
    – Balls of valiant steed
    – Nerves of steel warrior
    – Determination of horny teenager
    (and probably an ulcer by now)

    Hats off to you, Sir
    and good luck

    PS: Fuck “Honest Abe”

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  12. "pointing to the fence"
    "pointing to the fence"

    balls…
    now does Honest Abe have the balls to short thee… put his money where his mouth is.

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  13. xxxhuggiebearxxx
    xxxhuggiebearxxx

    And so he chooses the sword! He will go down fighting!

    Tomorrow, it should be innarestin’.

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  14. PJ

    So we have had a correction in growth high beta names. Blood flowing thick! Yet, the market hit a new high and emerging markets have come alive. People are not abandoning the market. At least at this point. Rotation into low beta dividend stocks is a reaction to volatility. Once the dust settles, money will rush back into high growth leading companies. Could be soon!

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  15. gatorsun

    alas,,the disclaimer protects all

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  16. Ishmael Jenkins
    Ishmael Jenkins

    Times tough Fly , simpothes, but suggest for when my babi cry I rum in the milk for babi , then sleep all nighy. Mabe u try rum in milk and portfolio no more babi cry ??

    ?

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  17. Sam

    Why are you going to Romania? Nice country.

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    • Ishmael Jenkins
      Ishmael Jenkins

      Roman ia has larges popoulation of brown bear in Europ , over 5.000 in countyr, danergous for man and woman and babi , but for hunter , is good lik the fly

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      • growly

        I would worry more about the wild dogs–they are everywhere…also watch out for gold-diggers…

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    • Required

      He goes to Romania to tend to his goats in solitude. He dresses in the cheapest of burlap sacks and Crox sandals to become his enemy. Once the transformation is complete, he returns triumphantly punching off mustaches and sticking daggers through eyes. This has happened many times before and will happen many times again. Such is the life of a man whose lifestyle is financed by thinking what other’s think, before they know they will think it.

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  18. yoshii11

    FREEEEDOMMMMM!!!

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  19. unclehar

    you gotta be kidding. quite an audience building up now, for the show.

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  20. ironbird

    This HFT clusterfuck and that fucking polar bear. Two things that keep popping up when watching the tape.

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