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
23,325 Blog Posts

Loser Rally

This is a suckers rally—and you know it.

A friend of mine just called and bitched about being down today, despite being 100% long.

This rally has the look and feel of a loser.

With my time, I’d rather cook up some “Asshat Stew,” than fuck around— trying to catch a bottom.

FXP seems viable here.

If you enjoy the content at iBankCoin, please follow us on Twitter

72 comments

  1. riverrat

    I think you are right, but I would not pull the trigger yet. The down move has stalled. Somebody is buying …

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Woodshedder

    Dammit Fly, what will it take for you to begin getting short?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Steve

    If this is a suckers rally then why are you not selling everything into it?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Mr. LIMM

    Mebbe it take LIMM going sout too?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. The Fly

    Steve:

    Because I want to believe.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Trading Goddess

    This is an asshat, imo.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Frosty

    FLY the rath and furry of the baby bears is just getting under you skin…I’m so scared…nickle and dimers, your up.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. trader46

    people just seem to be reactive..chase market up chase market down….i just like to go with the momentum

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Woodshedder

    HI TG!

    Nice to see you in this neck of the woods…

    And you’re right. That is an asshat.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. PleaseKillMe

    Fly,

    Your roasting nutsacks smell like rancid Canadian bacon.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. The Fly

    Oh please.

    You fucking “traders” make me sick.

    All of you guys are just banking coin, hand over fist.

    Ducati like trade stats.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. ME

    if ruled the world, imagine that…sing it with everyone.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Bison Burger

    Here comes the sell Cramer crowd.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Juju bear

    Fly,
    You should be getting ready to be a bear. It’s fun rummage through garbage. Plus you get to claw the eyebrows off of the bulls.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Juju bear

    ..Rummaging..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Steve

    Hey Erin, you got enough coffee there, sweet tits?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Howie

    Hey Fly and Co.

    Fly, Goldman out with a cautious stance on IT spending, today, and software…..here is the link,,,….How do you think this bodes foe VMW revunes?

    http://blogs.barrons.com/techtraderdaily/2007/11/27/goldman-turns-cautious-on-software-citing-macro-factors-cuts-ests-on-adbe-bea-orcl-sap-others/

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Trading Goddess

    Hi Woody,

    I am always in this neck of the woods – you boys just don’t know it. I am like a Fly on the … oh, never mind.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Mr. LIMM

    Just the recipe I needed for my diced cube soup!

    Wit brack bean sauce!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Mr. LIMM

    Herro Tlading Goddess. Solly you cannot rink us to boobies on Fry’s site.

    Mrs. Fry not applove.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Woodshedder

    Mmmmm….TG….don’t get me started. You know what happens when my mind wanders…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Crawford

    <a href=http://www.realestaterealist.com/images/cramer125.jpgHere’s another asshat for you, T.G.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Dinosaur Trader

    No, no, no…

    We can’t have southern men groaning expectantly here, Woody.

    I’d rather see the market drop 7000 points than to have to put up with that here. The overdone Chinese accents is enough to bear.

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. Bison Burger

    How dare you say such a thing to me!
    http://youtube.com/watch?v=BrjcMJdEZIQ

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Crawford

    Yikes. Sorry about that.
    here’s that asshat.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Woodshedder

    Dino, you should listen to TG’s interview on WallSt.net

    The 1-900 girls have got nothin’ on her!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. CubsRock

    So is it possible to get over 100% float in short interest… BZH was around 95% on Nov 15, can’t imagine what it’s at now. Sure would be nice for someone to rescue the homies so this shit pops. Anybody? Bernie? Congress? Bueller?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Dinosaur Trader

    Woody,

    If SHE wants to moan, that’s fine.

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. Frosty

    FLY can’t you just feel the baby bears little sacks starting to twist…sack soup warming up…plan on adding extra cracks with heavy salt.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. Bison Burger

    The answer is yes. CALM had 230% of its float shorted back in 2004.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. CubsRock

    Damn Bison, I didn’t want to hear that 🙁

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. Woodshedder

    DT- LOL

    Frisky, dude, I don’t really care because I don’t have any big bets made long or short, but really, c’mon. The bears are totally in control here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. Steve

    lol-Why stop at 230%?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. Mr. LIMM

    Flosty need to get dictionally, or have mama type his nonsense fo him.

    Balery undelstand his dlibble, all dough I tink dah sirry iriot is wrong.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. Mr. LIMM

    Which is why I making egg dlop soup of Flosty bawls light now.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. Mr. LIMM

    Flosty big Lobelt DeNilo Fan.

    He tink he “Laging Burr.”

    Velly scaly.

    Me tink he just punch dlunk.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. Bison Burger

    No idea. Some shorts wanted to move on.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. Dinosaur Trader

    How much better is it to listen to Melissa Francis instead of Maria “Imbalances” Bartiromo?

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. Woodshedder

    Jake, please rescue us from this poor mandarin via Mr. RIMM.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. Frosty

    Wood things change and they did today….C has access to add teir one capital and can avoid moving all the crap back on the balance sheet ala the eruotrash HBC…americans win again…a crisis of liquidity has yet another solution…smelling salts might help.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. Woodshedder

    Frosty, you’ve had a 7.5 billion solution to a ~400 billion problem.

    Dude, I’m not saying the market will never go up again. I’m just saying that historically, there is more than one leg down during these types of moves.

    If the bounce holds, then we’ve seen the 1st leg.

    I think there will be another leg down, which will break through this recent low.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. Bison Burger

    Egg dlop soup all over Mrs. LIMM’s outfit:
    http://wingmusic.co.nz

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. Trading Goddess

    Herro, Mr. Limm.

    This might be helpful in mastering your typing accent.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. Trading Goddess

    Dino,

    “If SHE wants to moan, that’s fine.”

    You know I have been patiently waiting for your breakup with the missus…

    Does your comment mean that it has indeed gone bust, and it is O.K. now for me to jump your bones?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. Dinosaur Trader

    Holy shit… did that guy just die on CNBC?

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. Howie

    I am posting this for FUN….K, LOL !

    Cramer says someone tells him that more cash infusions are coming to 3 DIA compaines( Maybe I read it wrong anyone should go to realmoney and read it for them selves, its his last post )

    and I throught this was well done, even through we all know the script: Its a reply to cramers post on how things are better at c and the credit mailase today then yesterday::;

    So, things are better now like they were better
    on March 8th? You know, the day you wrote the worst of the subprime debacle was over —- which was 26 hours after you wrote that every subprime lender except Countrywide was heading for bankruptcy —- which was 2 weeks after you mocked the bears on the financial sector —- which was 5 weeks after you said you were in league with Doug Kass —- which was 3 months after you send to buy LEND in the $40s for a double…..Oh, wait, I forget, you’re only sin is being flexible.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  47. Dinosaur Trader

    TG,

    No, no… my relationship is intact. Just a shameful voyeur here on the internetz.

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  48. Bison Burger

    That’s what I thought. He didn’t look right anyway.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  49. Woodshedder

    TG- I’m devastated. I mean I am just crushed. 🙁

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  50. Steve

    lol-I think he had a panic attack and completely blanked out. You could see the fear in his eyes as his train of thought went *poof*.

    I feel bad for him. I’d probably do the same thing if put in front of a camera.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  51. Dinosaur Trader

    I hope it was a panic attack and not a heart attack. Sounded like he fell…

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  52. Mr. LIMM

    Honalable Tlading Goddess:

    Where you tink I get dis accent in fust place?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  53. Bison Burger

    Brain Fart Disease, BFD. Only a Nastech/Dendreon drug can save him.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  54. Steve

    Maybe that was the sound of him ripping the mic off and running out of the room. lol

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  55. Trading Goddess

    Woody,

    Ever since the “lamp” fiasco, I have been looking over my shoulder.

    lol!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  56. Bison Burger

    Admiral Stockdale didn’t cut and run:
    http://www.youtube.com/watch?v=R6n5OQVzVVQ

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  57. Woodshedder

    I know…

    But the damages were covered…and everything healed up ok…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  58. Steve

    Let’s see if we can get a +200 close for the Dow.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  59. Asshat Dip Buyer

    Hey where’s our newfound Devil Dick pal and his QID play, announced and reinterated incessantly this morning?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  60. Dinosaur Trader

    Fuck that action in the futures… they drop 5 in 5 minutes and then rip 10 in the next 5?

    Seriously… WTF?

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  61. goatblowtacus

    We need a good capitulation to Dow 10K. Close your eyes and turn off your computers and when you come back your dicks will be bigger and the market will be up 350.

    I am spartacus -OUT!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  62. Frosty

    Wood the keepers of the oil have more dollars now than they have oil…what are they going to do eat it, dollar stew, please…if it were anticipating that 7.5 was the end and not the begining I would be going to the darkside with you and or if the baby bears here started calling a bottom

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  63. Woodshedder

    DT- does it have to be so obvious?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  64. Dinosaur Trader

    Seriously… that’s fucked. Still, it was obvious at 10 that the “buyers” were working in the market today.

    It made me short-term bullish. That’s why I can now call the goddamn bearshitters a bunch of terrorists who want America to fail.

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  65. Woodshedder

    DT- I’m seeing 2585 as the line in the sand for the Nasdaq. A gap open tomorrow that takes us above there and holds would certainly make this a bounce.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  66. Woodshedder

    Frosty- for your premise to be viable, the Arabs would have to be able to see the future. They can’t.

    At this point, the question becomes (assuming they are going to bail us out of this with oil money) do we wait until a major bank faces bankruptcy? Do we let the indexes shave off another 10-20%? Believe me, Abu is early here, and it is better to be wrong than early. Smarter money will wait and get much better prices.

    Again, I don’t buy the premise that the Arabs will bail us out. I’m just debating with you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  67. DEVILDOG

    Well I’m positioned for tomorrow’s reversal to the DOWN side. You stupid cows will be scrambling for the exits…mooboohoo…mooboohoo…mooboohoo. Lots of steaks available for dinner tomorrow night!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  68. Daniel

    I couldn’t understand some parts of this article Loser Rally, but I guess I just need to check some more resources regarding this, because it sounds interesting.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  69. Payday Loans

    Wonderful story pertaining to ally | Stock Picks and Discussion at iBankCoin.com! Awesome information just like the one above no doubt is why I frequently read your stupendous website.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  70. Doodee

    Thanks for sharing

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  71. gailionge

    I’d prefer reading in my native language, because my knowledge of your languange is no so well. But it was interesting! Look for some my links:

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  72. gailionge

    I’d prefer reading in my native language, because my knowledge of your languange is no so well.

    • 0
    • 0
    • 0 Deem this to be "Fake News"