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
23,445 Blog Posts

QE FOR LIFE, HOMIE

I woke up the angriest man in the world. I am sure none of you are angrier than me right now. I don’t have a reason to be mad, per se. It’s more of an overwhelming feeling of frustration (No Freud), brought on by a culmination of separate events that has led me to this dark hallway of mental violence.

I see all of the fucking geniuses on StockTwits are predicting GPRO to miss earnings– and get summarily flushed down the toilet today. These are, without a doubt, some of the dumbest people I have ever had the displeasure of not knowing. These same animals, genuine thieves, were spreading idiotic rumors about TRN last week. There isn’t anything wrong with StockTwits. There is something wrong with the human race.

Look, I am not your teacher. We are peers. We both play this asinine game together and hope to come out ahead. There are too many experts in this world, people trying to tell others how to eat, sleep, work, fornicate, etc. I am especially amused to hear people on the donut line lecturing others about success and how one should achieve it, as if they knew the first thing about it.

Speaking of success, Dr. Benjamin Bernanke was the most successful Fed chief in the history of the Federal Reserve. He literally saved western finance and should be revered as a national hero. Instead, the slime-balls of this country deride him and make false claims that he destroyed the dollar and how QE fucked up the economy. For the love of upside surprises, these scandalous lies, these perversions of the truth, are too much to bear. If I listen to any more of it, I will snap and end up in an asylum.

There isn’t any inflation and the dollar is doing just fine–fuck you very much. The President of the Cleveland Fed is tire-changing retard. QE is here to stay–because it’s all we have.

Regardless of what happens today, post Yellen, the market will demand moar QE. Without it, we’re simply a bunch of assholes getting sucked into the deflationary vortex of nothingness, which was brought on by the failure of the banks in 2009 and still persists to this very day.

Getting long oil, as a play on reflation, might truly be the best trading set up of 2014. Oh, I am also long GPRO because 99% of the people cannot be right about them missing earnings tonight.

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19 comments

  1. jules

    If this market keeps going up wall street 2.0 will be on fox news sporting a straight jacket.

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  2. kdog

    Amen

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  3. og

    I believe GPRO earnings are tomorrow night?

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  4. zuul

    Short retard gold into the Fed.

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  5. smartestone

    yea..stocks keep going up , but picking wining stocks is nigh impossible,as fly himself learned in April

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  6. lplongo

    CLR win shaping up, Fly. Nice.

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  7. pirate

    More ‘Tomfuckery’ going on here?
    http://finance.yahoo.com/news/fast-traders-getting-data-sec-235200711.html

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  8. momono

    Anyone else having issues with the user notes ppt section this morning?

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  9. speerothekid

    reporting tomorrow

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  10. themarketace

    Market doesn’t seem to be reacting well to the $TRN beat….which probably means this dip is a good opportunity to add

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  11. j

    Fly

    I wouldn’t go that far about Uncle Ben. Don’t forget that his Fed was the prime cause of the carsh by being too tight going into it and then being too slow to react.

    Those fuckers were still talking about inflation problems after Lehman bros collapsed.

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  12. frog

    What is wrong with the human race? Well, in a way, nothing. We are just only at a certain stage in our development as humans, and no further yet. Eventually we will do better.

    American culture is a culture where upward mobility has been possible, moreso than in most other cultures. That’s progress. American culture, at least initially, furnished great equality of opportunity for success– to bright and motivated and energetic people.

    But not everyone is as bright and motivated and energetic as the Fly. So most people look for a Success for Dummies instruction book to follow, to become successful. They grab onto over-simplified easy-sounding “keys to success”, hoping to gain easy success– without having much in the way of brains, and without much effort or energy expenditure.

    Selling various keys to success is a multi-billion dollar industry, even– well, especially– in a difficult economy, rampant with under-employment– an economy full of employees with a burning desire to tell their supervisor to “Take this job and shove it.”

    Everyone would like to invent a fine product like the PPT. But most don’t have the intelligence, creativity, focus, motivation, or energy. So, instead of inventing a fine product like the PPT, most people sell some kinds of “keys to success.” Or they buy these keys and try to follow them. Or they advise each other in the donut line of these keys, free of charge. Most of the keys don’t work– except to make money for the sellers of the keys.

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