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

THE MARKET IS STARTING TO HEAD LOWER NOW–STARTING TO HEAD LOWER NOW

You’re all in grave danger of losing your heads.

The guillotine is out and about, speed chopping heads off this afternoon with reckless abandon. The tit that you’ve been accustomed to sucking on for all of these years now belongs to a very old lady and she is removing said tit in October.

Understand something: this is not June, July, or a gentile August.

THIS IS SEPTEMBER, a time of year when men are forged in the fires of tragedy and stocks spiral lower because they can.

Momo stocks are still heading higher, despite the market pullback. Certain biotech and pharma stocks continue to hit new highs and rates are going higher. Everything the bulls should want is present, with exception to a higher market.

AAPL is higher on the iCloud news (lolz) and GILD  and YELP  are up 15-30 points straight– following Chairman Yellen’s retarded statements. Nonetheless, I remain stoicly convinced of a great doom and gloom just around the bend, invisible to oncoming traffic–readying to ‘Stunt Man Mike’ all of you through hard windshields (no one else will survive the coming correction but me).

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15 comments

  1. Missy

    Hi fly. Shipping rates are up quite a bit since July. Do you think balt / sb escape the doldrums? They seem reasonable priced

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  2. Missy

    …reasonably priced…

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  3. J Livermore

    $IFON was being the little engine that could today, now just back to the little engine.

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  4. Civilmetimbers

    Any thought on $TZA?

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  5. pfdaly

    Do us a solid and save a spot in your bunker for Chess.

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  6. OG

    Not my stocks! For now.

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  7. Kate Upton's....oh nevermind
    Kate Upton's....oh nevermind

    Will I get banned again for pointing out how awesome CSIQ is performing whilst the market is heading for the cliff?

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  8. OG

    Anyone lucky enough to hit that DGLY lottery. Wow.

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  9. Bruce Keller

    I’d be all over UUPT if that son of a bitch didn’t have a whole $52k worth of volume today.

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  10. The Wasp

    I day trade futures (because I have a hatred of both myself and humanity in general). Over recent trading sessions I’ve noticed that US equity index futures struggle to both fall or rise. An impasse. Today they began to fall. Naysayers out there should heed the words of Le Fly, before I short in size and force your positions into a margin call. Trust me, even when you are forced to prostitute your SO to pay the bills, I will show no mercy.

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  11. blackalgo

    The tech space is looking pretty nice today – ZU, DATA, TWTR, VRNS all big winners on my books.

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  12. it is showtime

    This is going to be Mocking Bulls Mocking Bears day.

    “Youve been short since 09”
    “Every time we get a drop, your penis gets cut off”
    “Buy it, you fucking dip. I mean buy the fucking dip”
    “Youre so anti american, eat a hot dog and join the crowd”
    “Get back in your bunker”
    “Zombie apocalypse. They are all out since the dow was down today”
    “Wackjobs”
    “Deflation. Put your head on Bernanke’s presses. Thats deflation”
    “The dow topped last week. no this week. no next week. well 4 months ago even though it’s higher now”
    “Bubbles? no problemo”

    That was fun

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  13. juice

    Hey, Fly .. not punny, your chopping heads theme !

    http://www.nytimes.com/2014/09/03/world/middleeast/steven-sotloff-isis-execution.html?_r=0

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