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
23,431 Blog Posts

FLASH: FUTURES PLUNGE, READYING FOR THE BLACKEST OF THE BLACK MONDAYS

According to the pristine trading pits where the futures guys concoct their prophecies, NASDAQ futures are down a whole 7 handles, after fair value. The Dow Jones Industrial Average is set to careen lower by 20 points.

I’ll deal with your ne’erdowells later.

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53 comments

  1. Brian

    I am selling 40% of the rotfl lip tomorrow.

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  2. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    Fly, I plead with you to do the unthinkable and exit these positions.

    Think of it this way, after all the redemptions have taken place, you can write your story of redemption, coming back from 30% or more down. And you know you will….

    I need you writing this blog for a good long time from now…..not going out J. Livermore style.

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    • alf44

      .
      First of all … Jesse Livermore made (and then lost ) his fortunes SHORTING stocks (for the most part) !

      Livermore was a “BEAR” !

      Secondly, Jesse Livermore blew his brains out in a “cloak room” of a Manhatten Hotel !

      —-

      Neither of these 2 scenarios seem to … in ANY way … portend “The Fly’s” demise !

      .

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      • alf44

        .
        Fly will fly … AGAIN !!!

        No doubt in my mind !!!

        .

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        • alf44

          .
          … that said, EXCUSE ME … while I retire to the “cloak room” …

          … where is my revolver ???

          .

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  3. No One

    How many points does Naz go down tomorrow?

    Winner gets a set of steak knives.

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    • rahagar

      Down 25, then head fake rally closing up 20. Followed by Tuesday downer bull trap. Sooner or later the BTFD’ers will get it that 2013 ain’t nu’more.

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  4. Dusty_Rhodes

    For ours and the flys amusement, let all guess his net worth. Bases on his age (39 is my guess) and broker/trader stories, I say 18,000,000.

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    • The Fly

      Blow me.

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      • Dusty_Rhodes

        just trying to lighten up to mood. you guys suck

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        • The Fly

          NO YOU SUCK.

          Let’s lighten up the mood here. How many men do you think Dusty has slept with during her career? Any guesses?

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          • Dusty_Rhodes

            You must not know Dusty. He will elbow your ass to oblivion.

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          • The Fly

            I know the baseball player. You just strike me as a chick, trying to guess a man’s net worth when that man is fucking dying.

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          • Dusty_Rhodes

            wrestler.
            ok sorry i guess bad idea. Its just numbers anyways, comes as fast as it goes in our business.

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          • The Fly

            I remember him. White hair.

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      • xxxHuggieBearxxx D.P.M
        xxxHuggieBearxxx D.P.M

        seems like a fun trivia game, and in the end he gave you a decent number at $18M….why the hate

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        • Dusty_Rhodes

          yes tell me about it

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          • Dusty_Rhodes

            I get called a homo and then a chick, for no reason, lol

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          • xxxHuggieBearxxx D.P.M
            xxxHuggieBearxxx D.P.M

            in the end, i trust Fly’s judgement. This is no place for lesbian baseball players.

            But, i liked your original idea.

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  5. drake sucks

    Playing ‘the world is ending card’ is part of the schtick. Fly always wins people.

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  6. jesus

    prepare for the biggest bounce pussies

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  7. Bud Fox

    Huggie, Now Is The Time To Hold Tight…Wday Could As Big As Oracle. And Splk Is The Best Growth Story Since Google Went Public. These Are 10 Fold Opportunities From Friday Levels In 3 Years.

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  8. Badduck

    I am shorting the shit out of tomorrows open.

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  9. gianni boy

    Thank God … 200K invested.. 300k in cash… luvin big down days!

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  10. Linda

    You are all a bunch of god damned idiots.

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  11. Pico deGallo

    I looked at the futz. I cried. Realized the dream is over. Already pre-cast my ballot for Hilary 2016.

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  12. alf44

    .
    … take it to the “Parking Lot” !

    (See Previous Thread)

    —–

    Think about it …

    .

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  13. Dusty_Rhodes

    Anyhow, back to the markets. There is no sense in even looking at the futures on Sunday night. Getting anxiety for no reason, when you are not going to trade to put on or exit positions tonight. This is the exact reason people in our business get burned out so fast. Tonight, open up a bottle of borduex and enjoy some beef bourguignon. Wake up at 5:45 and go for a 5 miler to clear your head, get in the office and ready for open. Good luck all.

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    • TraderCaddy

      I recall watching Gorgeous George on Friday nights with my Grandma on her B&W TeeVee and she liked to scream at Gorgeous to take down The Destroyer.

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    • THEY WILL KNOW ME BY THE TRAIL OF BLOOD
      THEY WILL KNOW ME BY THE TRAIL OF BLOOD

      Running is for the gays

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      • John

        They will know you by the trail of blood dripping from your ring piece.

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        • THEY WILL KNOW ME BY THE TRAIL OF BLOOD
          THEY WILL KNOW ME BY THE TRAIL OF BLOOD

          you talkin shit bout my butthole?

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  14. John

    Fly, you are so far off your game right now it’s actually embarrassing to watch.

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    • The Fly

      If it’s embarrassing for you to watch, imagine how I must feel.

      So sorry to inconvenience you with my big ass losses.

      You people are all narcissists.

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  15. Dale Bailey

    Suggest you try checking the charts before you commit suicide. Volume is very small and price is moving up, Asia is down less than 1%. I have no doubt the market may head down precipitously any given morning, but won’t lose any sleep tonight while waiting.

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  16. TraderCaddy

    So I go to check the futes to see what the fuss is all about and with fair value they are unchanged and the Naz is up slightly.
    Back to Yankees v Red Sox.

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  17. Green Machine

    This thread of comments either marks the bottom, or else foretells of a new era when our ape brothers rule our planet and we riot for food scraps.

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  18. Dusty_Rhodes

    There is so much verbal abuse on this site; I just love it. I think I will go see my dominatrix tomorrow or Tuesday after I take another drubbing in the market. It is very liberating and highly recommended.

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  19. biffer

    I think there’s a face ripping rally setting up if you go by the pissed off commentary last couple days. BAC earnings maybe?Please?!!!!

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  20. alf44

    .
    … OVERDUE BOUNCE THIS WEEK !

    Before Good Friday !!!

    —–

    After that ….

    .

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    • alf44

      .
      … YELP, WDAY, SPLK & FEYE will ALL catch a BOUNCE this week ! IMO

      Might wanna consider “lightening up” a tad …

      —–

      I posted my “SUPPORT” levels in a previous thread ! FWIW

      GLTY

      .

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  21. Flanki

    Futures down less. Everything’s gonna be alright!

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  22. 9am

    i prefer it here
    better sense of expression
    cant say motherfucker on ST without getn a bitch ass message from mofo ville

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