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

You Pick a Title For this Post, Moron

I see gold is down a little bit this morning– and all of a sudden– the misanthropic booze hounds take to twitter to make fun of gold stocks. Are you people really this stupid or are you simply trying to be a caricature of the modern day neanderthal American? You do realize that gold stocks are up 25% year to date, right?

Part of my problem is that I listen to the bedraggled microbes infecting my sphere, with all of their “keen insight.” No offense, but most of you are obsequious sub mental trend followers, unable to concoct an original thought if your pathetic lives depended on it. Here I am, spending inordinate amounts of my time, which by the way is worth an obscene amount of money in the real world (cue predictable ‘you work out of your mother’s basement’ banter), at the expense of my business. It makes no sense, whatsoever. Then again, I’ve never been one to sacrifice myself at the altar of capitalism, whoring ethics for capital. This isn’t about money; it never was about coin. This is about purpose.

I get these mental midgets approaching me on Twitter or Stocktwits, 3 weeks into this business, trying to offer me advice. The moronic design of the market assures that everyone is considered a genius at one point or another, thereby assuring that these vulgar vagrants will continue to approach me with even more stock market tips and get rich schemes. You do realize this is all nonsense, right? Everyone is running one way, while a select few run the other way–taking all of your money. The market was designed to bankrupt servile cretins, while aggrandizing those with power.

My biggest mistake, ever, was allowing myself to be herded with the sheep. Never again.

I’d like to give you people some early morning predictions, but the S&P futures have been flat for about 90 days straight now. It’s an amazing display of incompetence on behalf of the helots who trade the pre-market futures. Talk about waste of oxygen.

Here’s what you need to know:

Don’t bet on any retailer–because Americans are unpredictable obese monsters. At any given moment, your typical American will stop shopping at TGT in favor for WMT. Just when you thought HD was the place to be, LOW enjoys market share gains. This morning DKS missed earnings, blaming it on rednecks sitting at home, drinking out of budweiser cans, instead of hunting. The nonsense will go on and on and on if you let it.

I am sure there is something worth buying today. Maybe one of those stocks that just dropped by 60%, OVER THE PAST MONTH, will become attractive enough today, and today only, for a select few people to trade successfully. All I know is that I am not overweighting any one sector or stock, subjugating myself to this market that appears to be wired with explosives–until the tone and tenor changes. And that’s all.

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45 comments

  1. Verona Gentleman

    Nice use of the words ‘bedraggled’ ‘obsequious’ and ‘helots’.

    Might I suggest a few for future posts?

    IUnsouciant, pedantic, idempotent, otiose and empyrean

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  2. flyleech

    Maybe….. FEYE?

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  3. xxxhuggiebearxxx
    xxxhuggiebearxxx

    This market sucks. They’ve killed it. It won’t go down. No one will short it. No one will sell because where are you going to put your money. The Fed has basically said absolutely positively we will not let this market decline.

    And yet, it can’t keep going up at the pace its been going up with no significant growth to support it doing so.

    So what do you get. A fucking hellishly boring market that is impossible to trade and from which no one is going to bank any coin. Its time to abandon America — THAT…THAT IS MY THESIS.

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    • Dr. Fly

      Huggie

      If this is boring, then you must drive race cars for a living .

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      • xxxhuggiebearxxx
        xxxhuggiebearxxx

        I guess its because i don’t trade individual stocks because THEY TERRIFY ME. And i can’t watch closely enough. Maybe i need to dabble with an FEYE or something to pass the time.

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  4. sloop

    out of JCP at 9.25.. BTW

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  5. j

    If some of you guys think stocks are hard to trade, spare a thought for currency traders. It’s next to freaking impossible to make a buck. Nothing is moving and when it does move a little it stops there for a few days.

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  6. I Am Jesse Livermore
    I Am Jesse Livermore

    Here’s a title for you – This Market Is Untradeable. How do you like them apples?

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  7. TJWP

    When a market trades entirely based off of the creation of currency, more specifically the future expectations of said creation, we get the environment of 30% up years that make everyone look smart.

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  8. formergeek

    All praise this market of the robots, by the robots and for the robots….

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  9. j

    I reckon Tepper is right though. If the ECB softcocks QE markets are in trouble. But as I keep saying, if you x out the government influence on European CPI… in other words if you allow for government monopolies impact on the CPI- I reckon Euroweenie land is in deflation. They look around and see there’s been no noticeable inflation in the US nor Japan, so will they sofftcock? Get this question right and you make lots of money.

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    • tradingnymph

      Inflation needs true demand which this world doesn’t have, even with the trillions that the Central Bankers have thrown at this problem. Chinese/foreign buying up europe houses, cars, lux goods is why IMHO EU has inflation at all. Chinese Govt decides not to protect shadow banking and poof goes any inflation in EU, and Central Bankers slow down the cocaine and poof all the funds to fund Shadow Banking in China is gone.

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  10. alf44

    .

    How bout ….

    Death By A Thousand Cuts

    .

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  11. og

    FEYE very tempting.

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  12. big boy

    Fly, can we start calling you Koko the Monkey because you are great at picking bottoms (monkeys pick each other’s bottoms)…..too bad u were selling and not buying at said bottoms

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  13. sloop

    is the market rigged? all my longs are RED AND my one damn SHORT is freaking RED also..lol!

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  14. halfbloodpope

    It does not bother me where one chooses to blog from, even from the public restroom at the subway station. You do not think I know job sucks? It pays the bills and that is all that matters.

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  15. sloop

    FUCK!! JCP got me! had to sell. three round trips on JCP still a gain of 500. That will buy dinner anyway. ( this is just a trading MKT…its pretty useless other than that. Picked up 20K KNDI at 11.05

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  16. sloop

    This is actually a pretty brutal fucken day. !!!

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  17. sloop

    Thank God for some extra Vicodin left over from last years testicle amputation.

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  18. xxxhuggiebearxxx
    xxxhuggiebearxxx

    I tole you and I tole you some more…it is time to abandon your America. The Waters, they are very nice here in Brasil.

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  19. teslawasright

    Nickel is going up.

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    • tradingnymph

      Indonesia stopped shipping Ore to control it in Jan. Now China is giving them equipment to produced finished product…ah, call it a bribe to end the ban. IMHO, Indonesia may cave soon and start selling ore to China soon. Better short bet, but I am a bear.

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  20. blackalgo

    Is it just me or is FEYE up 8% (#&%!?!) on a down day!?!! I think the bottom was put in on that one….

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  21. jon v

    Brazil ain’t so nice anymore. Be careful what you say positively on any stock board. The market gods will punish you immediately.

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  22. the pirate

    Here’s a title:
    You know what CNBC? I don’t give a SHIT about David Sterling, or the fucking NBA or the opinions of the leftist cocksuckers on politics. Tell me about the MARKET. THAT’S why I’m watching.

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  23. xxxhuggiebearxxx
    xxxhuggiebearxxx

    WTF is going on in Brasil is there a revolution or something?

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    • jdf

      Of course there is a revolution, it’s a third world shit hole with nice soccer stadiums. See also Thailand for revolution today.

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