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
23,150 Blog Posts

Bernanke Knee Capped Santa Claus

There is not much to say, yet again.

“The Fly” will not be tricked more than once. It is scientifically impossible, as you know.

During the day, I sold loads of stocks, specifically VMI, VMW, SPF, CFC, ACF, GLF, FTK and RS.

Additionally, I stepped up to the fucktard plate and bought more FXP—and initiated a position in SKF (inverse financials).

Basically, Ben Bernanke and the Fed fucked Christmas. Sorry for the truth, but it’s useful—from time to time.

The silver lining: with today’s 300 point drubbing, we may get a sympathy bounce.

Use it to sell, then sell again.


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Fly Buy: SKF

I bought 5,000 SKF @ $91.50.

Disclaimer: If you buy SKF because of this post, the Fed will become ever more oblivious. And, you may lose money.

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Fade the Fed

The Fed dropped the ball.

I’m taking profits on a variety of names, which have run up in recent weeks.

With the proceeds, I’m “betting against China,” via FXP.

No one is happy with the fucktarded statements by the Fed. They’re oblivious to the real risks in the system.

Do yourself a favor, take profits, relax—then eat a sandwich.

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Fly Buy: FXP

I bought 2,000 FXP @ $70.

Disclaimer: If you buy FXP because of this post, Greenspan will take over the Fed, yet again. And, you may lose money.

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If The Fed Cuts by 50…

The fianacials and homebuilders will be off to the races.

Distressed names will be in play, such as: CORS, ACF, CCRT, CFC, SPF, HOV, BZH and FMT.

However, with my money, I’d only be in those names for a very short period of time.

The real winners of Fed easing are the utilities, as old fuckers desperately look for yield.

Stocks like CEG, EIX, NGG, SO, PCG and ED should continue to outperform, in a low rate environment.

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