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
23,473 Blog Posts

Remember When You Said the Collapse Wouldn’t Come?

Well it’s here.

Gentlemen,

Grab a chair and drink your brandy slowly, for this ship, this mammoth enterprise of rot, is going down.

The internals are absolutely dreadful and I couldn’t be happier. Well, technically I could if ETR and EXC went green. I’ve also loaded up on SOL and that’s not doing too well today either. And, let’s not forget the 35 stocks that I am long. Aside from that, the gloom and the doom is a welcomed change of pace for a person, such as myself.

I like lightening with my rain, 100mph winds with my snow and electric shock with my handshakes.

This, gents, is ARMAGEDDON.

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45 comments

  1. clegger_2000

    So the OSC is ready to roll?

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  2. dfasd

    hope you bought NUGT and short UUP

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  3. traderconfessions

    Now it’s in the hands of the black box gods.

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  4. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    looks like i am going down with the ship, the S.S. EWZ

    going to be tough to get green on the year at this point

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  5. mr.mike

    what awesome timing to offer up the free trial!

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  6. ken

    $DUK

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  7. J Livermore

    Well done sir…well done indeud.

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  8. flyaway18

    I bought the dip in apple

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  9. surplusdrones

    Mmmm. Sipping mugs of molten steel and thick black smoke does make for a nice change of pace.

    Perhaps the decline’s pace will begin to increase and we turn to chugging cauldrons of thick soot, slag, and the wreckage of 1000 steel locomotives.

    Only BEAS knows for sure.
    Gentleman, god speed in this time of economic warfare. Arm yourselves! Prepare for battle.

    For once more, we stand, at the abyss.

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  10. J Livermore

    Hard to resist not buying, but I’ve gotten killed buying on trend days lower.

    I keep hearing Iron Maiden,
    “Run to the hills…”
    “Run for your lives…”

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  11. goose20

    The economy is booming at least here in Houston and I don’t think you will be able to short this market right now, we still have a ways to go with Russia as a wild card to the upside along with Europe QE?

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    • J Livermore

      When I got out of the car to refuel passing through TX on my way to AZ, I thought I was on gawd damn Mars. Strange place you got there. The people are too proud of themselves too…no balance.

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      • goose20

        Sorry about that there are people like that everywhere but there are good people here, also. If I had better choice I would live in Cali or Colorado…maybe someday!

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    • Trading_Nymph

      Oil Story in Texas. Oil Prices drop, so will Texas.

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  12. runawaytrain

    Wonder how long this will last 1 day, 2 days… agreed market internals look terrible look out below.

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  13. Henry's Ace

    Armageddon? If that’s correct, you should have sold all long positions and went short. Doesn;t make sense why you would hold on to 35 long positions ahead of a massive market collapse.

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    • Dr. Fly

      You really don’t have a sense of humor, do you? Have you not realized that I tend to have a flair for the dramatic, if only to amuse myself?

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  14. Jesse Livermore's Ghost

    Didn’t the vaunted PPT give a buy signal two days ago? What of that?

    Faber is a dirty old man.

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  15. operator1

    love the new iBC logo Fly!

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  16. chuck bennett

    bravo.

    Respect,

    regards,

    Chuck Bennett

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  17. Mateo Raf

    Lord Fly, is QIHU part of your 35 stocks? Or have you catapulted it into Dante’s 12th circle, never to be seen again?

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  18. john

    Fly, God all day yesterday was trying to help you with your weaknesses and temptations to, “NOT BUY MOAR STAWKS”. Heed the advice of your HIGHER POWER and may God be with you.

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  19. Trading_Nymph

    Central Banker Somewhere in the World will come and kill my Bear Party…I have been so disappointed so much over the FIVE years. Yep, Market is total ROT, but nobody cared.

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    • Jules

      The economy will kill your bear party. Did you ever think central bankers know more than us?

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  20. This is an Ebola - run mutherfuckerz
    This is an Ebola - run mutherfuckerz

    This is the bottom for gold. Nobody buying VXX? BWAHAHAHAH!
    I got a million of ’em.

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  21. justplainoleed

    You should give people who have been banned more than 100 times a free PPT subscription. That would liven up this nursing home.

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  22. pyromonoxide

    Here is where all the cash is going, space: http://www.theonion.com/articles/nasa-announces-plan-to-launch-700-million-into-spa,1950/

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