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
23,009 Blog Posts

Asshat of the Week Award: Rick Santelli

Its been awhile since I’ve issued one of these trophies, mainly due to a “severe trophy shortage” in rich parts of southern Manhattan.

Basically, I’ve wanted to give Rick an “asshat trophy” for many weeks now. He’s been unbearably bearish, talking his book non-stop. Plus, he’s in dire need of corrective dental work.

But, that’s not why he’s getting this fucking trophy.

The reason why I’m overnighting Rick this award is due to some blog rumor, which stated Rick had made reference, on CNBC, to “Chinese blogs” being upset over something rather opaque. Who knows?

Considering China’s “free speech policy,” the whole Chinese blog argument holds zero water in the “non-crazy person world.” In other words, Rick believes the shit that is written in the “Weekly World News.”

Now, you (internet leech) must be thinking: “hey, this guy Fly makes a rather specious argument for this award,” considering thousands of people have been abducted by space invaders— who also believe the shit that is written on suspect/opaque Chinese blogs.

My answer to you, as always, is: “naturally, go fuck yourself, in the middle of an opium field, somewhere north of Kochiano.”

In short, Mr. “bear-bond bitch” Santelli deserves this award, ahead of tomorrows job numbers, with all of its glorious trimmings of asshattery.

Comments »

Bulls Go Medieval on Bears

What a fucking day.

Thanks to my timely buys, “The Fly” was up more than 3% today, partly due to Santa Claus and his fucking elves mud stomping the sellers.

My biggest winners included: CFC, SPF, ACF, GMXR, FTK, BWLD and GLF.

Basically, if you’re short the market, you’re fucked. There is no way to stop this momentum train.

Fuck around and start shorting here; your house will get foreclosed on.

Finally, with my money, at the end of the day, I bought another 20,000 shares of ACF, betting on a squeezy squeeze.

Also, I intend to buy some more MVIS, first thing tomorrow morning.

NOTE: What happened to all those “Dow Theory” retards?

Oh yeah, they’re dead.

Comments »

Don’t Bet Against the Government

We have a full rout of the bears taking place, as investors reload, shoot, reload again.

The homies and all credit related names are taking off, thanks to the President’s bail out proposal.

In short, this is a major benefit to the homebuilders, who will likely be viewed as “more stable” and get access to the credit markets, with ease.

All thanks to the Gov’t.

With my money, I have open positions in ACF, CFC, SPF and CORS.

This is a good shoe. Milk it, then move on.

Comments »

Position Updates: VMI

I just spoke to my voodoo physician, time machine mechanic and technical analyst. They all concur: “VMI is going higher.”

The weirdest, quirkiest guy, my technical analyst, rambled about a “break out above key resistance” and  “all stocks at 80—gamble up to 120,” so his “work” says.

Comments »

Fly Buy: BWLD

I bought 1,000 BWLD @ $28.40.

Disclaimer: If you buy BWLD because of this post, this months natural gas bill we exceed $1,000. And, you may lose money.

Comments »

Fly Buys: VMI, RS, MVIS

I bought 500 VMI @ $84.50, 1,000 RS @ $53.15 and 2,000 MVIS @ $ 4.05.

Disclaimer: If you buy any of the above stock because of this post, your oven will explode. And, you may lose money.

Comments »