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
20,053 Blog Posts

Santa Claus Rocks

Well, there really isn’t much to say. Short term, the bears are in trouble, as short interest ratios remain at record levels—going into the best time of year to own stocks.

Should the Fed cut by 50bps, their (bears) heads will be laser beamed off. However, I fear, should the Fed get all gay and shit, via a 25bps cut, accompanied with more inflation jargon, the end of year rally may stall.

Without doubt, Santa Claus has saved “The Fly,” and many of you. Be thankful for this rally and milk it for as long as you can.

However, I suspect, within a month, the credit issues will reemerge, effectively setting aflame those who like “bottom fishing” in financial stocks.

Over the weekend, I will evaluate, stock by stock, to determine what stays and what goes.

It makes sense to lighten up here, buy a little FXP and drink expensive bourbon, while throwing firecrackers into the lit fireplace.

Top pick: RS

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43 comments

  1. Raptor

    This is the Raptor speaking.

    For the third and final time: unload you portfolios as soon as you can. You’re witnessing a bull market top and lower prices are just around the corner (continuing 18-36 months).

    I hope you all have a pleasant weekend.

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  2. newequity

    This is newequity speaking.

    The bull market is just starting to fire on all cylinders. We will be banking coin for many years to come as the Dow peaks above 25k.

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  3. jeff

    This is Bilderberg’s imaginary friend speaking.

    The dollar will continue its decline whereby reducing the wealth of those who do not buy euros, dxddx, or golds with their straight cash.

    Welcome the amero.

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  4. The Fly

    Thank you Raptor.

    I look forward to your warnings, again, come Monday.

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  5. Woodshedder

    Fly, you may have won the battle.

    Bears will win the war.

    By the way, my fireplace is made of brick. As such, I have a hard time lighting it. Have fun with your fireplace made of bricks that burn.

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  6. Woodshedder

    By the way, your new bull sucks. Your old bull was much better.

    Fire the webmaster.

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  7. Ragincajun

    Vote for RC

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  8. Woodshedder

    Ragin’ is the only bull I like.

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  9. The Fly

    Wood:

    If possible, I’d throw you into my lit fireplace.

    The new bulls is better, because the color coordinates with the new theme.

    However, taking a look at your old retarded blog, you probably have zero sense of color.

    Dress up in chuck wagon people clothes, don’t you?

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  10. buylo

    yeah Rajun is ok but how can he call throwing darts at the WSJ – research?but give him an avatar anyways.

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  11. The Fly

    I will elaborate on the new “contest,” shortly.

    Basically, the winner will be determined by the ranking of their posts.

    There will be a leader board.

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  12. Woodshedder

    Fly, what if your posts get ranked last?

    Can we overthrow our communist dictator and replace him with a more kind, and gentle leader….like, say…Green Writer?

    You see, our ad revenue will tank, but there will be lots of bong hits for everyone.

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  13. mrkcbill

    “Dress up in chuck wagon people clothes”

    Best yet…I’ll never get any work done.

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  14. Leawoodblues

    Long – bong hits
    Short – Raptors warning

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  15. alphadawgg

    “Fly, what if your posts get ranked last?”

    Wood–
    Great question. However, I think the Fly has the ability to “mess with the stars”, and rig the star rankings in his favor. Sort of like a Hugo Chavez, but more curmudgeonly.

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  16. The Fly

    No. I don’t mess with stars.

    I want to see who wins.

    It will be an internet reality show, with much fanfare.

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  17. alphadawgg

    “It will be an internet reality show, with much fanfare.”
    -Fly

    No doubt, another revenue stream for iBankcoin.

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  18. DaddyWarbux

    Jeff – load up on gold? Right before the IMF has its huge fire sale of gold? You have got to be kidding.

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  19. JakeGint

    Woodchuck is right, the new bull is much gayer, even though it be the same bull.

    Odd, no?

    The old bull was laughing, this one merely learing.

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  20. Dinosaur Trader

    An internet reality show… somehow that sentence doesn’t make any sense to me.

    Meanwhile, when voting, I think it’s important to remember that a vote for me means no more link-whoring on my part.

    Also, it just makes logical sense to have a left-leaning daytrader here, to counterbalance all the long-termers and fascists.

    Not that I don’t love fascists. In fact, if I had a fascist baby in front of me right now, I would kiss it, in order to win over the fascist voters.

    -DT

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  21. DPeezy

    The word you were looking for, Jake, is ‘leering’. Gotta get my corrections in before Woodshedder jumps on it.

    DT has my vote since he obviously has the stomach for politics, kissing fascist babies and whatnot.

    Although my prediction is that this ‘internet reality show’ will turn into the popularity contest, much like the MLB All-Star vote, NFL Pro Bowl, or high school king & queen. Oh no…repressed memories coming back!

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  22. jeff

    IMF my ass. I’ll take a side bet. Gold is good hedge, not saying put all in, but no way dollar will be supported.

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  23. haileris

    don’t go crazy with the FXP positions. remember, they’re priced in HKD — not Yuan, movement is going to be ENTIRELY dependent on the fed rate cut.

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  24. cheesefries

    Whenever you clown’s are tired from watching your hip hop gold teeth 9mil hero’s, donate $21 to Al Gore/Steve Jobs and buy yourself “My War Diary” season 1 from itunes.

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  25. Giuseppe

    Fly if you see money in the internet ad sector (you mentioned VCLK) what about MCHX, I am following it since you first mentioned it a while ago and I have noticed that one of the directors the last two weeks have bought something like 700.000 shares on open market.

    here are some links:

    http://sec.gov/Archives/edgar/data/1134629/000118143107074035/xslF345X02/rrd181036.xml

    http://sec.gov/Archives/edgar/data/1134629/000118143107071247/xslF345X02/rrd179144.xml

    I know you are out of MCHX since the 13ths (I did the same) but if an insider is buying, he has now about 1.000.000 shares and you just mentioned that there will be money pouring into the internet ad companies, could it be now a good time to start buying it back???

    would like to have your opinion on it…thanks and keep the good work together with wood, danny and company!

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  26. haileris

    MCHX’s movements lately have been pretty flat. This holiday season, go with the winners. If they’re losers or flat, stay the fuck away.

    It all comes down to taxes. If a stock has moved up a lot, investors don’t want to sell, so any buyers are not going to find many sellers at all. If it’s moved down a lot, everyone wants to sell to book the losses for the year. And stocks like MCHX is just boring.

    If a stock has been up for more than 10% this year, look into those, dump everything else for now.

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  27. haileris

    Actually looking at it some more, it does look prime for a breakout, I was looking at a 1y timeframe compared to GOOG, but 3mo looks highly correlated, so maybe it’s not as bad as I thought.

    But whatever, I’m too busy counting the tech winners.

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  28. Giuseppe

    thanks for your thoughts haileris.

    I am thinking longer than the holiday season on MCHX though, and as Fly said, the internet advertising space with the US election next year will be a place to be.

    Fly mentioned VCLK and OMTR and just wanted to have his thoughts on MCHX also (given also that an insider is buying it and a whole bunch of it)

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  29. Toolio

    Like Raptor, I have a final warning:

    I am shopping for a new car, maybe an Infinity or Lexus. I need car insurance and new car tires. I need a cheap flight to pick up my car. I will stay in a hotel, but need a cheap hotel room.

    I am looking for a Nintendo Wii and maybe an XBOX 260 for my official Hannah Montana merchandise wearing children. My children love health insurance, stocks, bonds, coin collecting, and also video games and Starbucks coupons.

    Does anyone know wear I can get rate quotes and professional advice. I also need new glasses.

    Thanks,

    Toolio

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  30. Giuseppe

    I registered to the website but I did not receive any password.

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  31. Juju bear

    Like Toolio, I have a final warning, but in addition, a word of advice:

    Hard times are coming.

    Sell everything your have and put all your net worth into uranium. Store it in your basement or personal vault. Get skull and crossbones sign. Post it on your front door. Enjoy!

    If you scoff at my warning, then I give you permission to go have intercouse with yourself.

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  32. Juju bear

    Giuseppe, if this situation persists, talk with the union representative at the Peanut Gallery.

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  33. Giuseppe

    Juju I don’t even know what a “union” is

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  34. SaNTa

    Arrr. Juju a Templar Pirate?

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  35. newequity

    Good upgrades to the site.

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  36. kd

    Fly,
    are you still going to sell most of your shares in to the runup.

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  37. gappingandyapping
    gappingandyapping

    mvissssion: We “don’t do Yahoo Message Boards” here. They sir, are for cum guzzling asshats such as “The Raptor”.

    On another note, there are too many gay comments around here, not that there is anything wrong with homos but there is something wrong with the faggoty stuff that is going on here. I would guess that this is due to the “cuteness” of people buying inverse funds and trying to run their personal hedge funds. Just know this, when this asshattery tends to start happening I want to take the other side on margin. My guess is we rally extremely hard into Christmas, top picks are retail and the brokers. I know you will disagree but your the same pole smokers that disagreed on JCG at 36.

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  38. Raptor

    Raptor here…

    I perfectly understand that this site is for bullish cheerleaders only. Still, I care enough for all of you that I tell it like it is: we’ve enjoyed 5 years of gains and I know my clients are extremely happy. Look at NBER averages – this is typically the end of the line. I understand everybody wants the party to last but look at the economy, stupid!

    I’m not saying that the Xmas rally cannot continue. But, prudent mid/long-term investors should cash out here and look at other markets. The bond market and certain currencies offer far superior return prospects within the next 18-36 months.

    I’m not a bull nor a bear – I simply look at fundamentals and judge the overall strength of the market. This is not the time to increase your bets on a sustained bull market, gentlemen.

    This’ll be my final post on this site. You’ll hear from me again in 18 months time. I doubt, however, that this site exists come 2009.

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  39. The Fly

    Raptor:

    Your Mother operates a donut machine.

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  40. newequity

    Goodbye fucker. You ARE a bear and will get murdered in the next 18 months.

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