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
20,688 Blog Posts

Bulls vs. Bears Final Battle: Next Week

Forget about the credit crisis.

Fuck the homies and their stupid balance sheets.

The fate of the market will be decided by credit card wielding housewives and their ability to “spend a little more.”

The day following Thanksgiving is “Black Friday,” or the day most retailers start banking coin.

Early next week, if retail reports lean towards strength, the recession camp will be blown out—perpetuating a monster rally.

Naturally, should our merchants disappoint, sell it all.

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18 comments

  1. SaNTa

    Words to live by.

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  2. BOOMER

    My iPod is foreboding…

    Hang Me Out to Dry – Cold War Kids
    Loser City – Oxford Collapse
    SOS – Earl Greyhound (great tune)
    SOS – Jonas Brothers
    Misery Business – Paramore

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  3. Bear Killer

    Don’t count out the American consumer’s ability to max out credit cards and spend money they don’t have (The Fed just prints more).

    Remember, people eat and spend money when they get depressed, e.g. their house just got repossessed. However, most of the money will be spent at ecomonical places like McDonald’s and Wal-Mart, so buy MCD and WMT.

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  4. Bear Killer

    ecomonical [sic]: economical

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  5. Shorty Jones

    “loves CL below 77.50”

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  6. BOOMER

    Waiting on the Lights to Change – Matthew Perryman Jones (buy his music, great stuff)

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  7. Juju bear

    For its next trick, the market will now circle in the toilet bowl.

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  8. SaNTa

    The American Consumer is dead.

    Sorry Fly, there will be no Christmas this year.

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  9. BOOMER

    This must be a good sign:

    Funk #49 – The James Gang

    Nope…

    Crazy – Gnarls Barkley

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  10. The Fly

    “For its next trick, the market will now circle in the toilet bowl.”

    Best line of the day.

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  11. gramps

    Behold, the next President of the U.S.:

    http://www.mikehuckabee.com/index.cfm?FuseAction=Blogs.View&Blog_id=724

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  12. Juice

    If you’re gonna pin your hopes on black friday after everyones lost money in the markets & in their homes, you’d be better off playing chinese lotto .

    oh … you do play??

    nevermind

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  13. Jakevk

    American consumers at work. Blood on the floor. Literally

    http://blogs.wsj.com/holidaysales/2007/11/08/cavalli-hits-h-customers-almost-hit-each-other/

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  14. alphadawgg

    Sorry I bet your next paycheck on the market closing above 13,000 today. I guess there will be no Christmas toys for the “little Flys” this year. You could nab a few T-shirts and caps from your inventory, for stocking stuffers, though. Sorry.

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  15. DEVILDOG

    Black Friday will suck. Only the thieves on Wall St. have any money to spend(and BEARS like me). Main Street is toast thanks to the thieves on Wall Street. However, what goes around comes around and the thieves will now suffer as the Market crashes and the unwashed masses pull their money out of mutual funds and the brokers have nobody to sell their BULLSHIT to anymore and lose their jobs and their stupid bonuses. We’re headed for a Depression not a Recession and I can’t wait for some New York thieves to start jumping out of windows…SPLAT!

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  16. Dustin

    My money is on recession. I have pulled all my money out of stocks this week.

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  17. onegoal

    that is great news, just put my money back in the market this week.

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  18. buylo

    go short young man, go short!

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