SPECIAL ELECTIONS: Elizamae versus Raul3

Voting will be continuous until midnight. Our first two of three interim tabbed bloggers have been elected; now you must decide on a third, since the previous election was ‘too close to call.’

Amidst chatter of widespread voter suppression, due to roaming bandits and the Royal Praetorian Guard, “The Fly” has declared the election to be “too close to call” with regards to the 3rd and final spot–currently being fought for by ELIZAMAE and RAUL3.

At 7pm, the good folks from iBankCoin will hold special elections, a run off, between the two, in order to offer a ‘greater quality election’ to the people of iBankCoin.

As an aside, congrats to both Rhino and Maximus for seizing your spots. Let’s see if you’re good enough to hold them.

NOTE: The Special Elections will end at midnight.

The Federal Reserve intends to print money until the economy is healed, yet stocks trade down and gold/silver have plunged. There is an extreme sense of cynicism in the air, also fueled by the lack of progress on the Fiscal Cliff front. It is clear to any market participant that the help of the Fed has been the only thing holding this economy and stock market together.

You will hear voices in the wilderness, suggesting that “tax cuts don’t matter” because people are rich as fuck and the economy will do just fine. These people need to retake their econ 101 courses and learn that when you take money away from people, they spend less. Government is always the worst stewards of capital and they don’t really give a shit about stocks, except when collecting capital gains taxes.

In other words, they want to have their cakes and eat them too. This is a very delicate line to tow. My money is heavily biased long and I am at my lowest cash levels in a month, at around 15%.

Today’s market teaches us that nothing is guaranteed. We were supposed to rally yesterday and today, but instead we reversed and plunged lower.

That is the stock market and sometimes it’s a fucking bitch.

More than 60% of stocks are lower, following yesterday’s trap. I realize most of you are transfixed on the elections. We’ll get to that later on. Don’t worry about that.

Did you know that VHC is scheduled to attend court this Friday for mediation with Apple? In other words the good judge wants Apple to settle and get this over and done with. Some argue Apple is fixing to appeal. But on what grounds? It’s entirely possible that Apple will be hit with an injunction, just like what happened to RIMM, many years ago versus  NTP.

The bottom line with VHC is this:

They will continue to win lawsuits against all of the electronic manufacturers because their patents are the real deal. Eventually, licensing deals will be signed and after the ink dries, the stock price will explode to the upside.

Both gold and silver are lower today, all part of the Fed trap. Give it some time, both gold and silver will do just fine.

NOTE: It appears Rhino, MAXIMUS and Raul3 are locks.  However, crazier things have happened and the polls aren’t closing until we have a clear winner or at midnight tonight. So vote away small plebs, vote away.

UPDATE: I added to my EXK position.

Vote now and have your say. The people shall determine what is righteous and fair in these hallowed halls.

UPDATE: MAXIMUS is up big on Intrade.

Tonight is the big night. At midnight the readers of iBankCoin will elect three tabbed bloggers. The drama has been thick and as always belligerent.

It started off with rumors of high level staffers defecting the Chuck Bennett campaign, amidst allegations of ‘sexual indiscretions.’ Chuck hasn’t made an official statement. However, he communicated with iBankCoin’s Orient Office, declaring his withdrawal from the campaign.

Then we were all amazed and entertained by the ascendency of MAXIMUS (also endorsed by “The Fly”). From finishing 5th in the last election poll to being a front runner in the race is truly amazing. Will his late hour surge last or will he fizzle out?

The current front runner is Rhino and he’s been having a rough day, dealing with the rise of Maximus. Ever since the natural order of things has been disrupted, Rhino has gone unhinged, making all sorts of wild allegations on the site and even on Twitter.

Both Elizamae and Raul3 have taken the safe rout, just like Romney. After surprising iBankCoin in last week’s semi-final elections, both candidates were thought to be shoe-ins, BEFORE the ascendency of Maximus. One thing is for certain, there isn’t room for everyone.

Lastly, DCHSN6 has all but vanished from the field. No one knows where he went or even if he’s alive. At the present, he’s a lock to finish last place.

VOTING BEGINS AT MIDNIGHT.

NOTE: To get up to the minute updates on what the candidates are saying, read The Blogger Network.

Everyone got suckered into the Fed announcement, mocking the fiscal cliff as old hat. A friend of mine will be attending the White House holiday dinner tonight. I hope to learn about some shady deal by tomorrow.

Today’s sell off is catastrophic. It marks the very top of tops of 2012, until we jettison the fuck higher tomorrow of course.

Just like in life, the stock market is a casino. Sometimes you get rich, other times you end up with a tin can begging for coffee money. One thing is for certain, the crowd is rarely right, with exception to shorting social media stocks down 75%. We’re all too optimistic. What this country needs is a forceful correction, to wash out the unemployed and liquidate the disabled. I intend to neutralize a great many in the recession of 2013, conforming to the very basic darwinistic instincts that are within me.

I feel like a stupid fool, buying into JRCC and BZH today, although I am bullish for more than a day. If there is one thing to be certain of, it is upheaval.

Chaos is right around the corner and it’s begging for you to look at it the wrong way.

At the time of this blog, “The Fly” was long SWHC.

NOTE: At midnight, iBC will be holding elections to anoint its next 3 tabbed bloggers. In case you’re just tuning in, Chuck Bennett dropped out due to reports of ‘sexual indiscretions.’ Early polling suggests dark horse candidate, Maximus, is amongst the front runners, following “The Fly’s” endorsement and subsequent moral backing.

Everything was so good just 30 minutes ago. But now, all of a sudden, the markets are going lower.

OH NO!!

The news was good, but is now being sold to the quickest buyer.

As an aside, I’m hearing the dick-grabbers in Congress are fixing to legalize online poker for only the big players. Stocks that might benefit, in a tremendous way are WYNN, LVS, BYD and MGM.

I’m still incredibly bullish on gold and silver. Top pick is EXK.

I wasn’t gonna go back into the mine until Benjamin Bernanke flicked his cigar ashes at me, calmly stating “back in the mine, bitch.”

I sold UA and bought three stocks today: BZH, SWHC and JRCC.

Despite the uncertainty of the Fiscal Cliff, the market wants higher. We’ve been climbing the wall of worry for over a week, as predicted by ChessnWine (well done!).

Based upon this unprecedented Fed action (tethering rates to unemployment), I am a big bull on precious metals and commodities in general.

Top picks: EXK, JRCC.

I started a position in BZH.

Disclaimer: If you buy BZH because of this post, the next time you are on a dark desolate road, you will catch a flat tire. And you may lose money.