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
23,533 Blog Posts

Bullet Proof Tape

Nothing is bringing this market lower.

Whether it’s huge drops in foreign markets, miserable corporate profits, monster financial writedowns, the market keeps chugging higher.

As you know, their is a concerted effort at hand to buoy stock prices. Yet, I find myself betting against them. Fucking fucktard.

Looking at today’s tape, should the payroll data come in benign tomorrow, we’ll be up another 200.

Up until yesterday, my biggest position was cash. However, it’s not the case anymore. I refuse to chase the rally in retail, homies or banks.

I fucking refuse.

For now, I’ll ride this out.

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52 comments

  1. Mike

    GOOG earnings are going to make or break this recent rally.

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  2. Sia

    If we end this week strong, then it can signify a turning point.

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  3. join the fucking party. did anyone see today coming besides cramer? if tomorrow’s numbers come in bullish i will probably capitulate and move back to czechoslovakia

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  4. alphadawgg

    Fly,
    Pick up a bucket of BWLD. Chow time. It’s worth $40 (again).

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  5. broken A

    “Nothing is bring this market lower.”

    sounds middle-eastern

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  6. Juice

    squeeze into the bell … spells major P-A-I-N for shorts

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  7. kidstock

    Can you do something about the timestamp on the site? As you probably know, it’s 2 hours behind…

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  8. Steve

    Hey calvino, how’s your colon doing you stupid piece of shit?

    See a proctologist.

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  9. alphadawgg

    A close above 12,650 Dow is a game changer.

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  10. Juice

    For those that bashed Cramer for his bottom call … and for him saying to buy real estate

    homeys ripping the cover off the ball today … outta the park !

    He’s rich & you’re not .. he did this day in/day out for 20 years quite successfully

    sure he fucks up but he ain’t no fool

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  11. The Fly

    The time stamp is Moutain Time, due to the irrelevance of Moutain time folk or you.

    Broken A:

    You’re a liar and a thief. I never wrote that.

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  12. Weed

    Whoever said we’d be up 200 pts today might get his wish.

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  13. Steve

    I’m buying a breakout. We may not retest after all.

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  14. The Fly

    Juice:

    Please. Quit blowing his knob. For every call he gets right, there are 10 he gets wrong.

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  15. alphadawgg

    Steve,
    I’d feel better for the longer term if we did retest, but the market doesn’t give a rats ass how I feel.

    Good luck.

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  16. Dung Fly

    Central Standard Time ?
    Fly must run this shithole from a garage in Des Moines. ARWR, DIVX, MATH, WGAT.OB on fire!

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  17. newequity

    My top pick ARAY got taken out behind the woodshed today.

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  18. Gunship Ben

    Boom goes the dynamite.

    P.S.: You’d never know that I’m short the market…

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  19. alphadawgg

    Juice,

    With interest rates coming down, now people can buy a bigger house for the same mortgage payment! Stupid fucks.

    Double top breakouts on the homies. Somebody knew something most of us didn’t.

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  20. CAP

    WOW. One strong day and the bears become bulls. What happens if we drop 300 tomorrow ? Everyone become’s bearish again ?

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  21. Greekpunk

    Fuck you, Market. We’re at yesterday’s highs and I’m doubling down on shorts.

    P.S. AMZN really knows how to fuck with one’s brokerage account on a day like today.

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  22. chivasontherocks

    just sold goog. 27 point gain from this morning, which i posted. still holding aapl and qqqq.

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  23. MasterDebater

    SKF is getting thrown down an elevator shaft again. Retards are saying that we are now guaranteed to at least test S&P 1405 next week, which likely means SKF = $90.

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  24. CAP

    This is playing out just the way it does everytime during a bear market. Get everyone to cover, suck in longs , act like everything is great and then BOOM the next shoe drops.

    The Dow will make it to 13,000 probably next week.

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  25. Alvari40

    chivasontherocks,

    I remember that call – nice play. Hold on to those AAPL shares.

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  26. chivasontherocks

    Alvari40,

    thanks

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  27. Juice

    I’m not ‘blowing his knob’ … its just that he is out there, making calls & is an ultra easy target

    yeah he makes bad calls but he is more useful, either way, with him or against him, than anyone else on bubblevision

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  28. BOOMER

    Bulls take bears to the wall!

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  29. Breakfast Meat

    hahahaha!!!

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  30. Juice

    VIX VXO QQV possibly breaking their 5 week uptrends

    developing …

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  31. ottnott

    MBIA’s injection of capital averts a crisis in the short term, but changes nothing about the economic trends that brought us to this state.

    The Fed & co. are doing a good job of patching holes in the wall, but there are still termites in all the wall studs.

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  32. Greekpunk

    “Don’t tase me, Market!”

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  33. BOOMER

    Shorticus falls to the God of Thunder!

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  34. Greekpunk

    There she goes……timber. Selling into close is the fodder bears are made of. We shall see come 8:30 tomorrow. This market is like a teen’s dick, you never know when it’s going to pop up.

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  35. Greekpunk

    I love how the market acts so surprised by the FGIC downgrade.

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  36. Steve

    No breakout yet. Let’s see what GOOG does.

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  37. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    Odds, Blood, man!

    Such percussives make mine ears run red with spent corpuscles!

    Do not get taken in by the Siren’s song, children, as monsters swim off your port bow!

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  38. BOOMER

    ouch blew out my GOOG

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  39. calvino

    Steve, that strange full feeling in your colon, is my goog shorts, fucking you hard.

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  40. Steve

    I don’t own GOOG, moron.

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  41. Trader Renn

    After hours? Or should I say minutes… the Q’s dropped like a rock one minute after the close – at least on my e-trade screen – is everyone else seeing this too?

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  42. ottnott

    GOOG maintains the trend of shooting stocks for daring to report results.

    This is a bull market in what, exactly?

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  43. Pudfucker

    Chivas: Very nice trade. It’s getting whacked after hours.

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  44. calvino

    Steve, It doesn’t matter, fuckhole, whatever you are long tomorrow, feel the fuck goog is putting on you.

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  45. chivasontherocks

    Pud.
    thank you very much

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  46. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    I have smitten GOOG and it’s post-Soviet founders with a facial pox for your benefit, children.

    {clap! Clap!}

    Bring on the dancing Midian dwarves and the scented oils!

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  47. TraderCaddy

    Like I said yesterday there have been a couple of times where the market reverses the next day after its reaction on FED day. This is about the third time in the last 8-10 months this has happened. It’s all BS.
    The gold stocks are acting like we are either going to “crash” the markets or the dollar has bottomed. One day doesn’t make a trend so as they said on Hill Street Blues (only the oldsters may remember this show): Hey let’s be careful out there.

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  48. ottnott

    Hill Street Blues? Oldsters?

    The oldsters remember Adam 12. The ancients remember Dragnet.

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  49. Van

    For the sake of my REW, I hope GOOG doesn’t do an AMZN tomorrow. Well, maybe in this “bear” market, GOOG will only rally to $600 rather than $700 on these weak results.

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  50. TraderCaddy

    “One Adam 12, one Adam 12, we have a pot smokin hippy carrying a peace sign at the corner of Main and 5th. Please proceed with caution.”

    As Sgt. Friday said: “The story you are about to hear is true. Only the names have been changed to protect the innocent.”

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  51. ottnott

    I preferred “Bookem, Danno. Murder one.”

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  52. Granpa

    Just the facts mam

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