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
21,314 Blog Posts

Ball-Less Rally De-Cocked in Late Trading

I’ll have you know, “The Fly” is extraordinarily busy today, with dinner parties to attend and gold bricks to count. Just feel comfort in knowing, I made money today, despite this mornings sharp spike, egregiously due to England “going Commy” via Northern Rock.

Apparently, after the bell, [[HPQ]] posted a good number. No surprise there, really. I do not expect the numbers of bellwether tech names to be hit until the 2nd half of 2008. If your IQ is above 120, you will take the two bucks in HPQ— and fucking run with it.

My investment philosophy is shifting a bit towards killing commercial REITS, via [[SRS]]. In addition, I am slowly reducing my downside exposure to the financials and will continue to do so, the closer we get to the March 18th Fed Day. However, I will “redouble” my shorting efforts, if the sector bounces.

Finally, I am amazed that sane people are not alarmed over the spike in gold. Frankly, there is way too much complacency in the market, as indicated by a paltry 25 reading on the Vix index. If you haven’t done so yet, be sure to protect your downside, going into earnings warning season, scheduled to occur in about two weeks.

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14 comments

  1. mdawsz

    I got a home run in ALJ today.

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  2. BOOMER

    Fly – what do you make of the gold move?

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  3. Johan Santana

    I have more gold than “The Fly”, thanks to my $137.5 Million contract.

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  4. Dave

    http://www.youtube.com/watch?v=tbqBxt9pctM

    Fly’s dinner parties.

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  5. Q4

    LEH will shit the shower soon. From the WSJ, “Lehman is sitting on a big pile of commercial real-estate loans, and that market is deteriorating, potentially causing bigger-than-expected write-downs.”

    I’m going to crash yo dinner party with my crew

    The Flying Lizards

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  6. MasterDebater

    With today’s rally becoming afflicted with “the palsy” late in the day, MasterD’s call for an After President’s Day Sale became reality – except for the laser printer fuckers at HPQ. Again, the palsified, mouth-foaming decline portends future prices that will be low, low, low.
    That is all.

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  7. JakeGint

    Q-4, you rock. Took me about a minute to figure out that was the original “Money” song from the fifties…

    Keep em comin’.

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  8. JakeGint

    Not for nothin’ Fly, but….

    “Going commy” gives one the sense that one has taken up a ham radio fixation.

    “Going commie,” however, connotes the proper Stalinist themes.

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  9. JakeGint

    “Balless Rally de-Cocked…”

    Into the politically correct transformation machine and … voila!

    “Transgendered Rally.”

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  10. TraderCaddy

    Since this was a “transgendered rally” it must have originated in San Francisco.

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  11. SaNTa

    http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=4422094

    Fuck Vallejo. How about some trippy music instead?

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  12. Greekpunk

    FXP is a screaming buy down here in my opinion. Inflation, statistical deceit on behalf of the Chinese govt., broken charts and snow-storm ineptitude go against this country.

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  13. Greekpunk

    Message to CROX
    Crocs, welcome to the retail graveyard…..you’re plot is between to Mr. Heely’s and L.A. Gear. Across from you is Stride-Rite. Too bad your products aren’t “eco-friendly.” Thus, they will take one million years to rot.

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