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
23,444 Blog Posts

Futures Are Lower: Time to Panic

S&P futures are down about 10, leaving anyone who suggested that you should be careful heading into monday’s trade a winner. Such a person now enjoys the winners circle and is adorned by fresh flowers and is waving a trophy to an adoring crowd. Very soon, however, an errant race car will crash through the stupid crowd and mow him down. His corpse will be strewn across the track, for all to see. His audience, who once praised him, will forget him because he’s dead, something of the past–remembered in vague terms by the betting public.

I’ve always prided myself to be a deep thinker. But my best trait is my ability to act in the moment, on instinct, fast and without hesitation. Some might call my tactics to be Draconian, like the occasion when I purchased the book of my former boss, who had fired me one day after my grandfather died, and proceeded to woo all of his costumers away from him until a court ordered me to stop.

Let me be clear to all parties reading this: “The Fly” is extremely resourceful and is without emotion when it comes to forging ahead with the business of business.

Having said that, this sell off in the futures is something to laugh at, a late night joke of sorts for the people driving race cars heading towards fellows waving fresh flowers from the winners circle.

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8 comments

  1. zombie

    FIG

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  2. tmmdn0

    Nikkei down a shitload at 10:20 est.

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  3. alf44

    .

    The Boiled Frog

    If you put a frog into a pot of boiling water, it will jump out right away to escape the danger…

    If you put a frog in a pot that is filled with water that is cool and pleasant, and then you gradually heat the pot until it starts boiling … the frog will not perceive the danger and be cooked alive !!!

    —–

    That anecdote always stuck with me !!!

    Just sayin’ …

    .

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  4. ironbird

    Godzilla is back in blown gasket mode. Luckily, the Eurotrash are on deck. All prepping the feeding tubes after a couple naps and at least one six week vacation.

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  5. the profit

    Overnight futures are a joke, designed to scare you out of positions. Japan is screwed, and they know it. It’s like watching a train wreck.

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  6. the profit

    What’s up with internet stocks? Does no one surf the web anymore?

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