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
23,531 Blog Posts

GOOG is for Asshats

I’ve been thinking (quite diligently) about this market and have concluded they (stock robot masters) are trying to bankrupt us all, with the up and down jerky movements of the indices.

Towards the end of the day, news hit the tape that [[MBI]] may “catch” a downgrade, after all. As a result, financial stocks pared back 1/3rd of their gains.

In addition, after the close, [[GOOG]] shit the shower, sending their corn can fucking shares down 50 bucks.

In addition to the last addition, if the payroll data is bad tomorrow, prepare to seek mental therapy, for this market will fall down an open manhole, effectively “debanking” many of you top tickers.

At the end of the day, I caved in and bought some [[RIMM]], in order to mentally hedge myself. You know, feel like I’m doing something constructive, while my motherfucking inverse etf’s eat dirt.

Speaking of dirt, anticipating a GOOG miss, I bought more [[REW]]. And, just for fucks sake, I averaged down on my arch enemy: [[SKF]].

My guess, the market swan dives 1,000 points, within the next two weeks—enabling “The Fly” to buy another high end sports car and tell all of you top tickers to “go fuck a jar of jelly.”

Time Machine NOTE: The Internet is Dead.

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24 comments

  1. FerarriF50

    I’m buying a Ferrari this weekend with the money weak shorts gave me this week!!! Simply awesome. Thanks.

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  2. The Fly

    Fuck you. I’ll punch your eyebrows off.

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  3. Gunship Ben

    Fuck you, Fly. I still gots 300 beeps to play with.

    P.S.: Guess it was a bad day to go long GOOG…

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  4. Juice

    doing shots & buying GOOG

    good times

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  5. Greekpunk

    MOT halted. Lemme guess.

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  6. Weed

    MVIS making a bid for MOT.

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  7. Shorticus, Demigod of Financia
    Shorticus, Demigod of Financia

    ‘Tis mete and right that you didn’t bring your servant Frosty back, Bruce, my son.

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  8. BOOMER

    Whas up with MOT?

    Didnt MVIS have a deal with MOT? If MOT acquired, MVIS could get shafted, depending on acquiring co’s priorities.

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  9. Juju bear

    For all you stupid mountain goats who bought GOOG before the close, here’s the instant replay:

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  10. Breakfast Meat

    RIMM? OMG, it just gets better and better!! HAHAHA!! But, but, I’m up 20%! LMAO!!

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  11. FerarriF50

    Fuck yeah, Bruce. By the way Fly, I’ll just buy new eyebrows.

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  12. jeff -

    GOOG = NSA

    MOT is sucking a titty through a night gown

    SKF will ride, mount up boys

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  13. The Fly

    Breakfast Meat:

    Go fuck a billy goat. “The Fly” spits on you, from 300 yards.

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  14. JakeGint

    Fly —

    Don’t forget to check out DT’s footage from the Platinum Party.

    Pretty hilarious.

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  15. optimatis

    todays upmove was window dressing … because end of the month .. should have known it .. those big fuckers dont wanna book a big fat monthly loss .. below the middle of the monthly bollinger band ..

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  16. Ian

    I just don’t understand how you could go long into Google earnings and the payroll data. With that in mind, I stuck to my guns and was getting squeezed big time by Bidu at the end of the day — Not anymore! If Friday is like the past few any chance for bulls will be in the morning and then people will start exiting positions before the weekend.

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  17. calvino

    Let’s recapitulate the day’s events. Jobs sucked, inflation sucked, mbia sucked. Charlie Gasparino called out the SEC and told them they were clodhopping ass clowns. The fucknuts at MBIA had one last chance to play the fingerfuck game with the raters today, and combined with Goldturd’s determined buying for Treasuries accounts, they pushed this dead pig up an ice slope. It cost S and P about 70 years of street credibility to wipe their ass with the bears today. 70 years for a one day’s worth of 200 cheap dow points. These pieces of shit are so desperate, they are trading rooks for pawns and high fiving each other when they knock the pawn off the board. Hey S and P, Moody, Fitch, your main cheeleaders at CNBC let Gasparino go at you for twenty minutes today and call for an SEC investigation. And you fucking filthy cows think you are winning? Ok look at the futures, fuckholes.

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  18. ottnott

    Don’t hold back for our sakes.

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  19. Warren Zevon

    I’m coming back from the “other side”. This is major league song material.

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  20. TraderCaddy

    Gotta ignore the news and watch how stocks react. Some kind of a bottom (temporary or otherwise) is in when the news is so bad that a sane person can’t understand why the market would go up.
    When the market was moving in 1982 I couldn’t figure out why since we were in the depths of a severe recession. The market was already up 40% before the economy recovered and I missed much of the gains.

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  21. calvino

    CAddy, 1982 – Ronald Reagan cuts taxes and goes on a big deficit spending binge with capital goods made in USA – aka defense.

    2008 – clown in chief just got the news from the Congressional Budget Office? (just overheard that in the car) that deficits are doubling the next two years – got that part clear though, while we are building latrines in the desert. What else, his other neo-cum friends have arbed away our wages to ‘globa fuckuluzation,’ so there is no more well paid working class to spend us out of the shithole. WE are so deep in hock anyway, clown in chief could not go on a deficit spending binge without bidding Treasury bonds five hundred points up and putting us all into personal bankruptcy. Different country now, Caddy.

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  22. CAP

    Caddy,

    1982 was after a 16 year bear market. Things were so bad they could only get better.

    Fast forward to 2008. Have things been bad long ? We were at all time highs a few short months back. Things were great until July 2007.

    We are in the midst of the worst financial crisis since the great depression and the stock market downturn only lasts a few weeks ? I don’t think so.

    Subprime and this CDO mess is only the tip of the iceberg. Commercial loan defaults are going to be in full swing by this summer. Read about the developer who defaulted on a $760 million loan in Vegas. http://www.bloomberg.com/apps/news?pid=20601087&sid=az3wCVuQYKqk&refer=home

    And this one in NYC – $6.4 BILLION potential default

    http://www.ft.com/cms/s/2/802a0f20-d009-11dc-9309-0000779fd2ac.html

    This stuff is only going to get bigger. Miami, Vegas and NYC are going to be home to some of the most spectacular commercial loan defaults in history. Its all going to come tumbling down.

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  23. JakeGint

    Warren, while you’re back up this side of the daisies, you ought to cede the rights to Lawyers, Guns and Money to Fly for the site’s theme song.

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