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
23,474 Blog Posts

Perverse Absurdity

This is the rally we’ve been waiting for? Clearly the futures guys were drunk off toilet bowl moonshine, because this market is trying for lower prices.

Huge disappointment in commodity assets, led by oil. Huge let down in everything but SHAK.

Bottom line: I’m invested in a positive outcome for a bounce; but anti climatic opens like this is what draws men into the world of science fiction and mental insanity. I’ve never seen such a stupid tape, frozen in its own waste, unable to mount a mere counter trend rally.

Alas, the day is young. Perhaps this is all part of an elaborate rouse that will provide the markets the tinder it needs to set flame to prices and burn the flesh off short sellers.

Or this is a market destined for infamy.

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15 comments

  1. dyer440

    The day is young, but you’ve noticed a difference right?

    Almost like I wrote this for you: http://ibankcoin.com/dyer440/?p=206

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  2. probucks

    Sry FLY – I couldn’t help but sell the 30pt rally in futures this morning. I got out at 9:48am but even I too want to see a rally that lasts

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  3. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Whipsaw…Get Your Whipsaw Heeya !!!

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  4. jpmorgains

    “Lllllloooooyd!”

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  5. tradingnymph

    Last night I got so worried when I saw a Headline out of Kuroda saying the BoJ will do everything possible. Futures popped like crazy even though Bloomberg didn’t catch the story. But in the comments, he indicated that he was content at this point in the prices.So this “Kuroda Rally” can fade out now. I am still worried about ECB meeting (BoC really doesn’t matter imho), Draghi can still mess up my nice sell off this week, I so don’t like Central Bank talk at all.

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  6. teslawasright

    Fly – we can’t have this kind of radio silence

    We need you on that wall!

    WTF

    Indonesian mine sold as Khazarian mafia go down. 311 tsunami attack from secret base there

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  7. bexpo

    It is “Groundhog Day” every single day – no matter what the results of earnings are…The United States market could at least lead the world in optimism but instead is leading the world into pessimism & A RECESSION. Their is NO CONVICTION AT ALL. We are letting every other world market destroy ours – even worse because we are suppose to be in a stronger economy.

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    • it is showtime

      You were all cluelessly complacent in the creation of an equity bubble, Now you are cluelessly panicky in the face of it, Haha nothing to do with conviction just fake prices becoming more real

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  8. traderconfessions
    traderconfessions

    Hard to type and lick wounds simultaneously.

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  9. bexpo

    No Fun Aloud

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  10. superpositron

    Bleeding from beak to asshole here.

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  11. blahblahblah

    lolz *stupid tape

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  12. it is showtime

    oops

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  13. hftongue

    Still can’t believe you’re leveraged at 200%. I leveraged when I first started out thinking I was a untouchable. Months later, I got wiped out. Lesson learned. Black swans are real.

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