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
23,471 Blog Posts

BEWARE OF FAKE RALLIES

Massive gorilla raping taking place at the open, curb stomping investors into clown-dust. I’m just gonna say this to you, okay? People out there are fucking crazy. Cramer is on the teevee now telling you to buy and sell at the same time, to seemingly churn yourselves into a bar of butter. I am going to keep this real.

This market is a transvestite. It has a surprise waiting for you. Don’t be out there all naked and shit, for you might regret it later.

By Wednesday of next week, you will feel better. At the close of trade today, you will want a stiff drink.

Some really good stocks are on sale now. Margin liquidations are happening and the sellers will soon exhaust themselves; but we’re not there yet. I know that’s annoying to read. I used to get all mad, and shit, at people when they told me I couldn’t make all the money right now. Truth is, Friday is a shitty day to reverse and head higher. Friday’s were built to be dramatic, tire out traders into submission and ruin their fucking weekends.

Ever hear of “Turn Around Tuesday”?

Of course you have.

Enjoy your “Fuck you Friday.”

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43 comments

  1. vandamme

    Eat a sandwich. Ben’s got this.

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  2. speerothekid

    fly’s posts quality are directly invert related to the market. it’s almost its own indicator.

    “Hold out baits to entice the enemy. Feign disorder, and crush him.” – sun tzu

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  3. vandamme

    Soooooooo…rate hike anyone?

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  4. og

    Was about to email my FA friend this morning so we must be close to a bottom.

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  5. stratoboozer

    @vandamme That’s the only arrow left in the quiver: “Rate hike pushed to 1Q 2016” and we get a face ripping rally… for a few days.
    Meanwhile my best tell, VIX:VXV is ripping higher, highest since Dec ’15. Monday Funday is coming.

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  6. kugar

    The new IBC logo on the front page is a nice touch.

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  7. heckler

    Hide ya kids hide ya wives!

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  8. matt_bear

    something is brewing at the corner office of citadel.

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  9. og

    Sure got that fake rally.

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  10. metalleg

    Shouldn’t those holding options that expire today be careful not to hold into a premature stoppage of trading due to circuit breakers prematurely closing the market? If the market free falls and then closes for the day before 4pm, won’t it be impossible to sell or exercise options?

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  11. juice

    who let go of my EGO !?

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  12. skwebby

    love the ibc logo change too.

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  13. lplongo

    I’m gonna go home and sleep with my wife… on “Fuck you Friday.”

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  14. goose20

    VIX @24 time to buy!

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  15. berniecornfeld

    …and a Happy “fuck You” Friday to you as well!

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  16. vandamme

    Fly you like ONCE here?

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  17. yxd0018

    has it been oversold yet? Feels like it.

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  18. snoozemr

    ONCE hit my 40 level so i now in. Relatively small position si I will probably hold it beyond today instead of taking profit. Many of the phase 2 & 3 bios holding their own today – although we will see at the close. The SBIO ETF is a nice gauge of risk appetite there. also added to my ADRO position on what I hope was the final puke this morning.

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  19. bruce keller

    Betting against ridiculous MOMOs like TSLA and NFLX and the like in the next 2 months will be fairly decent trades in my estimation. Although NFLX MIGHT be do for a bounce… maybe not?

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    • bruce keller

      Oh throw CMG up in that bitch too, that mofo burrito is about to burst.

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  20. frog2

    holy shit

    2 days in a row

    this is obligatory

    https://m.youtube.com/watch?v=079RCUtk8s4

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  21. it is showtime

    what did i say

    NOT THIS TIME

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  22. profiteerer

    Odds of a crash on Monday are increasing by each downtick into the bell.

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    • og

      So these last 2 days aren’t considered a crash? lol

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      • profiteerer

        Not a 1987 style crash, no. But the action in the last few days is similar to the few days leading up to the ’87 one. Do I think we will? No. But these are the conditions in which crashes come from.

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  23. blahblahblah

    i need more hysteria and hyperbole from the crash test dummies

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  24. rangersfan

    Starting a Poll:

    Where or what is Dr. Fly up to right now?
    a. Getting Coffee
    b. Drinking Wine
    c. Wholefoods
    d. Watching a movie, or preparing his wknd post.
    e. Nap
    f. Seeing about a sandwich
    g. mia

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  25. metalleg

    Look on the bright side…TWTR is up!

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  26. Marc David

    F and hopefully writing another epic post.

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  27. henceforth

    Fly, you should buy David Einhorn a Rosetta Stone course on Romanian.

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  28. t.c.

    Wow. This is impressive.

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  29. Marc David

    +1 to t.c

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  30. deanfv

    What about oil sub $40? When is that a buy?

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  31. metalleg

    Per Fly regarding today’s tape…

    Gap higher and never look back: this can only be done with some Federal Reserve or QE related news – NOPE

    Gap higher, then fade and sink into the close: worse case scenario. This is the ultra-bearish scenario; but a high probability one. – NOPE

    Gap higher, plunge lower, then rally: this washes out the Third Estate fine and dandy. After they sell, buyers step in and shoot trebuchets at their homes. – NOPE

    Gap lower and plunge: low probability play, considering today’s drubbing. – NOPE

    Gap lower, then rally: this is best case scenario play. – NOPE

    Gap lower, rally, then plunge to new lows: Death – YUP

    DEATH IT IS!!!

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