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
23,417 Blog Posts

7 Questions That Are Designed to Piss the Fuck off Jim Rogers

Jim “fuck America sideways with a Bow Tie” Rogers

In order to continue my barrage of things Jim Rogers might say, via my Twitter account, I designed 7 questions that I endeavor to ask Mr. Rogers, because I am most interested in his humble opinions.

1.  Jim, I’ve read and heard about it on CNBC that gold is basically worthless and that the preferable place to preserve wealth is in the U.S. dollar. Your thoughts?

2. Jim, knowing what you know now, seeing how the U.S. bailouts worked, would you support future bailouts of the same magnitude in order to preserve our modern financial system?

3. Jim, would you compare the recent unchecked surge in commodities to the dot com boom of the late nineties? If so, why?

4. Jim, you were once quoted as saying “Dr. Bernanke should be fired” and “he is an idiot.” Seeing that the stock market has done so well under his tutelage,  do you regret those words and would you like to offer Dr. Bernanke a public apology?

5. Jim,  we have interviewed some world renowned money managers here and many of them said to sell commodities and buy bank stocks. What do you think of that trade?

6. Jim, you’ve been a big supporter of China for many years. Seeing the vast amount of fraud being purported by Chinese companies listed in the U.S. as of late, how do you feel about aligning yourself with a bunch of crooks and thieves?

7. Jim, would you buy U.S. real estate right now? If so, what do you think of buying homes, renovating them, and flipping them for short term profits, as an alternative to saving money in a zero interest rate environment?

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Please Step into the Vise

You have all forgotten who you are dealing with. We are not talking about Alan Greenspan or the fucking dork Volcker. We have a modern day Charles Hamlin at the helm, Ben Bernanke, and his pimp hand is very, very strong. The Dow Jones Industrial Average will peak at 50,000 before he is done with the dollar, grinding it into dust, similar to what I will do to many of you next week.

You know it was a mistake holding shorts over the weekend, right? You know Ben is sitting by the fireside, smoking his pipe, saying “I’m gonna get them bitches on Monday.”

Five consecutive weeks lower, coupled with a slew of front page stories, deriding the economy, on Drudge equals melt up and “shut the fuck up time” for the world equity markets next week.

The power apparatus couldn’t care less about food inflation. They subsidize via food stamps and can easily hedge off that risk. There is no fucking way they let this small snowball avalanche. I realize many of you men, dressed in yellow velcro jumpsuits, are short the markets, based on logic. But we haven’t traded on logic for three motherfucking years now. I’d like you to explain why now is the time to kill it all.

Back to my bottle of wine to drink away the agony and pain of the +54,000 jobs number. Oh, the fucking horror.

[youtube:http://www.youtube.com/watch?v=2texZ6EmBgk 616 500]

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Worst Losing Streak Since 2004

This losing week marks the 5th consecutive week of losses for the Dow, something not seen since 2004. For those of you wondering “what the fuck is going on”, hard is what is going on. Life isn’t always easy and the stock market is the quintessential “fuck you, you’re dead” puzzle.

I know you are over there, pulling on a homosexual cigarette, declaring victory over Le Fly. However, as I blow smoke in your face from my Cohiba, I insist “the stage is still set” for a melt up, set to begin on Monday. Starting with Monday’s trading session, I will begin to grind your bones into dust.

It is not a surprise to see the SPY close at exactly 1,300; because that’s what happens when the stage is set. We’ve endured 5 weeks of misery and Bernanke is set to speak on Monday. Over the weekend, the euro fuckers will bail out Greece, effectively destroying the idea of rational thinking—making stocks trade wildly higher, as if coordinated by bi-polar clowns.

Nevertheless, I ended the session down 0.5%, mostly due to WNR. It’s worth mentioning, crack spreads went up all week. One day people will pay attention to the answers and quit asking questions.

In other words, yes, I’m still getting my bow tie on, long inflation related equities in great abundance.

[youtube:http://www.youtube.com/watch?v=YhcnKYvzfZc 616 500]
NOTE:
Yes, The PPT is finally registering an official OVERSOLD.

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From Dust to Dust

In between of all of your gloating, I want you dicksuckers to acknowledge several things. Several.

1. My call is for higher stocks by Tuesday.
2. I haven’t sold a single share of anything.
3. The day is young.
4. Shut up.

I am down a staggering and appalling 0.6% right now. You should not misconstrue my general observations for market position. Again, stop thinking with your own pockets, for “The Fly” is able to hold his breadth a long, long time. I do not fold in the face of adversity, so go fuck a can of corn.

I find it funny that the republicans did a press conference to milk the disappointing jobs report. HEY ASSHOLES: you had 8 years and you fucking nearly destroyed this country, with your asinine spending. These politicians are like whores, always fucking their constituents. I do not want to hear the left vs. right shit. Plainly, that sort of jargon is for ideologues without brains. Get it done and shut the fuck up about it.

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WASH OUT

Last year to the day, the markets were struggling, as the economic data worsened–post flash crash. I recall saying “a double dip recession is all but a foregone conclusion.” Well, that turned out to be wrong. Today the jobs reports is scaring the shit out of people because only 54,000 jobs were added, following several months of 200,000+. Well, color me retarded, but +54k is not exactly -300,000.

The response is negative because investors do not know if the slow down will be a hard landing or soft. Moreover, most agree the Fed will not initiate QE3. So, we have no babysitters and no one to give us allowance money. Couple that with the fact that our President is more interested in golfing than creating structural change in the economy, one might surmise we are in for a bit of trouble.

So now everyone is selling equities because of uncertainty. It is easy to get bearish. I’ve tried to bet against this tape several times over the past 3 years and made money only once: flash crash. The persistent and uncompromising trend is: get scared, sell, melt up, chase stocks higher.

As for protecting assets, although I believe we trade higher, do not underestimate investor desire to reduce risk. There is plenty of soft money out there sloshing around, loyal to nothing but the wind. Get to a point where you can accept risk and draw a line in the sand and commit to it.

More later.

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The Stage is Set

The PPT is registering an OVERBOUGHT on SRTY, with 75% accuracy on past flags. An important jobs report looms in the balance. And, my urinal shadows are telling me to “get long son, get long” in between drags from their cigars.

The stage is set, plebs from the internet, people from weird places around the globe. Those who are betting against me will be turned into dust tomorrow, amidst black flags and homo-hammers. An amount so great, it will melt your face to the ground at the mere sight of it. At this point, I forgot what I was meaning to write about; but it doesn’t really matter. Although I lost money today, I won. So many of you cock-gobblers were lured into shorting this market today, it will be a joy watching you turn into ghosts tomorrow morning, like a grandfather watching his grandkids ride their bicycle without training wheels for the first time, when BETTER THAN EXPECTED jobs numbers rips the skin off your forehead, tearing your skull away from your exceptionally small brain.

[youtube:http://www.youtube.com/watch?v=NYanv3ZKwD0 616 500]

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Long and Stupid; Short and Dumb

If you’ve been shorting stocks for the past 3 years, more or less, you are an incredibly dumb person. Having said that, I’ve been heavily long since last week and I am dumb for it. Naturally, name calling is juvenile and simply a way to amuse oneself, at the cost of others. In the big scheme of things, we are all emphatic about our belief systems, through nature or nurture. Many of you are adamant about being short. As much as I fuck with you for spinning the same record, I respect your position because it takes balls.

I enjoy taking risks, despite it eating away years of my life expectancy. The way I see it, there is little to no upside to being alive past the age of 75 anyway. I might as well burn bright now, then explode later.

All jokes aside, I hope all of you make money. I do not like to see anyone lose, except my enemies. With regards to my enemies, it is not enough that I win. They must lose too, in order to quench my everlasting thirst for victory.

At the end of the day, we are monkeys playing wildly colored accordions in small Italian villages. Stick to your convictions. Because if you stick to mine and lose, you will not forgive yourself later.

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As Silver Goes, So Does the Market?

What the fuck is going on here? I was expecting beluga and received Hudson River sardines instead. The new correlation is silver-SPY, go figure. I suppose silver is the new barometer for risk, as idiots sashay in and out of the shiny metal as if it was a diversified basket of stocks.

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Can You Smell What the Fed is Cookin’?

You nerds who are short this tape are going into permanent hibernation soon, as the Chairman kicks the brains out of your heads, clean out. After this squeeze, there will be nothing left of you but dust and a tombstone, which will read: “Here lies a fucktard who got his brains kicked out by the Chairman.”

Seriously, the market is indecisive ahead of tomorrow’s numbers, I put some money to work this morning, buying beaten down former winners: OPEN and LOGI. Both of them are heavily shorted and yet offer better than average risk/reward ratios, providing they can hit said EPS targets. I needed to add non-basic material names, so I went with those two. I am tempted to buy GDI; but I rather keep some cash reserves in the event the market vomits on itself tomorrow.

To sum up my market call, I believe we will be at least 2% higher by Tuesday of next week.

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