iBankCoin
Stock advice in actual English.
Joined Sep 2, 2009
1,224 Blog Posts

THE EFSF WILL HAVE $6 ZILLION DOLLARS (Update)

Quick, do some coke and buy stocks…

If I bought every rumor of a Euro bailout fund or saving grace maneuver that was popularized in the last year and a half, I would be down something like 50% over the same time period.

You guys are so fucking gullible, it would be laughable if it wasn’t so sad. Somebody made off like a bandit today, because some first years who haven’t cut their teeth yet were hand delivered a hard lesson about journalism and news feed.

As a rule of thumb, unless you can verify the sources through at least three major outlets, then it’s not true.

Hell, sometimes even after verifying it through three major outlets, it still isn’t true. Which is why it’s good to use bipolar outlets, like Fox and CNN, or Fox and MSNBC, or Fox and … because sources that hate each other tend to only agree on the facts.

I’ll see you “blood buyers” at the receiving end of a volley of arrows, presently in transit and set to arrive first thing tomorrow morning.

P.S. Did you like how, like clockwork, Bernanke followed my first post with a speech that detailed the threats of inflation, and not the imminent need for more monetary stimulus? That speech, in my eyes, said one thing: input costs are issue number one of the Fed’s list of “Things that need addressing.”

If you’re still running on the QE3 dream, buying PM’s and commodities, guess who doesn’t have your back right now?

Plenty of time for monetary stimulus after you’re dead and gone…

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12 comments

  1. jimmy_two_times

    No Shit Cain,

    absolutely brutal .. guys running snapping towels like their in a locker toom squealing go long !!!

    wonder if it was a leak to see if the number was good or not, whcih would really mean double it when its time because it will crater worse after tomorrows retracement.

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  2. Bullish

    See you at Dow 14,000!

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  3. leftcoasttrader

    I just like how the Euro rallies on any good news out of Europe. Good news that involves destroying their currency. If that isn’t reason enough to open up the flood gates and print I don’t know what is.

    Someone over there has to be thinking “I wonder how much the Euro would rally if we said we were going to print 10 trillion Euros?!?” According to the market, they can do no wrong, as long as they give a solution that involves a lot of money.

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  4. Fishnwine

    Last two standing tall, MA, HANS. None of the institutional quality stocks participated in today’s rally. Goodby GOOG, AAPL for a while now.

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    • Mad_Scientist

      Um, you realize that google was in the 590’s today right? On October 4th it was in the 480’s. How do you define “a while” ?

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  5. chivo

    nice post.

    only move i made today was doubling down on SKF

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  6. TJF

    I took a real ass whippin when that news came out of Europe. Cocksuckers!

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  7. tw

    those hft’s hooked up to the newsfeeds, the ones that get paid for the access, sure do provide valuable liquidity…….

    I guess the Guardian just increased those subscription dollars size.

    So rumours about banks= bad. And rumours that raise and destroy hundreds of billions in market value=good?

    The reason no one went to jail is because the guys tasked with getting it done are fucking criminals too.

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  8. Mad_Scientist

    The market had time to snap back when the story was disputed before market closed. It didn’t take a dive, so why would it tomorrow? Operation Twist IS QE3, and the zombies are simply pretending nothing can happen to Europe.

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  9. Vegastrader

    I could not care any less. I’m a trader. This just gives me something to trade on. Let the QE dreams take the market up so I can short it. Face it without volatility euphoria and fear my bank account would suffer quickly.

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  10. Anton

    Quick, do (six times stepped on) coke and buy (six times stepped on) stocks!!!

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