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
20,318 Blog Posts

This Time it’s Different

Back in 2002, I wanted the Fed to lower rates. The economy was shit on a stick and joblessness was abundant. Fast forward to today, I fucking hate the fuckers who ruined the economy, namely the housing assholes. Because of this, I’m against rates going to 0% (inflation adjusted). Plus anyway, aside from the fag state of California, unemployment rates are benign.

I’m not sure if it’s just me, but I want those banking fuckers to pay a price, without severance, for what they did. Look around, you can see the economy is slowing. Low-end stores are closing. Mall traffic is pathetic. Starbucks is less flamboyantly gay.

However, we all know, the only reason why Bernanke is slashing rates is to “help out” the banks. On top of that, we have Moody’s and S &P publicly committing fraud, with the friendly help of Gov’t officials, keeping the monoline’s AAA rated. The whole situation is surreal and wreaks of misconduct.

It’s not a surprise to me, when at dinner parties or other “high-end” occasions, to hear people bitch about Wall Street, unwilling to invest in the long term viability of America.

Now, the great rage is commodities. Wall Street is spitting out commodity ETF’s faster than Gasparino wolf’s down meatballs (no offense to chop meat lovers). As sure as I’m sitting here, 10 bucks says commodity prices top out within 6 months.

I say this with certainty because Wall Street bankers are ALWAYS wrong. They feed people what they want. Most of the time, the masses or unwashed are 100% wrong.

With regards to bad tips:

Throughout the years doing business, I’ve been the recipient of terrific tips and horrendous ones. It’s the nature of the tip business. The “tipper” has an agenda. Always keep that in mind when taking a tip for face value. Upon receiving bad tips, “The Fly,” without warning, will send a few bored guys from Brooklyn to the “tippers” house to spray paint “I’m a fucking jerkoff” on the side of his house.

In general, trading off of tips is a bad idea.

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20 comments

  1. Juice

    Keep an eye on MA as a short … looks like its slowly leaking

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  2. zephler

    hmm…how to delete posts?

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  3. zephler

    |||send a few bored guys from Brooklyn to the “tippers” house to spray paint “I’m a fucking jerkoff” on the side of his house.|||

    Now that’s fuckin funny…LOL

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  4. FREE BOOMER

    Since my unjust incarceration Saturday night, I have been on a hungry strike. Not a hunger strike, mind you, that would be dangerous and extremist. A hungry strike. It’s much more like eating, as my wife calls it, “Lady Food.”

    I am so hungry. I has a light breakfast. It was a lot less than what I would have eaten. The ache is so deep.

    I am going to have a light lunch too. Maybe just soup and half a sandwich. With a diet soda. I hate diet soda.

    Oh the humanity!

    Who will free me from my chains?!

    FREE BOOMER!

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  5. kd

    fly take a look at HNR. Below is a link to their feb 22nd presentation. Way undervalued.

    http://www.investorcalendar.com/IC/ClientPage.asp?ID=125841

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  6. The Fly

    Boomer will stay in the “Disgraced Peanuts” box for 1 month, due to “egregious sins.”

    In all my years on Wall Street, I’ve never seen anyone give up stocks for Lent. When Boomer did this, I was shocked, yet thrilled—mainly because stocks are for asshats anyway.

    However, seeing him break his promise of Lent, due to a few point dip, made me lose hope in all humanity, mainly because Boomer came across as a sane individual.

    Upon seeing that he was mentally ill, like all the others, and that I was wrong about his mental stability, I wanted to create a “Fag Box” in the PG and put him in it. However, Jeremy was against it, saying “it might offend the gay variety.”

    Nonetheless, I’ll make sure BOOM trades lower, in order to teach Boomer a “lesson in God.”

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  7. calvino

    I am trying to understand how 50% up on yearly housing inventories gets parlayed into 60 point rally. Does the name Jerome Kerviel fucking mean anything to you douchebags, he bought all the dips.

    Boomer, I have pleaded misericordia for you, just don’t eat any uggs as they are considered flesh.

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  8. CubsRock

    A round of Green Monster Drinks on me!

    I love TTWO but it’s a good short right here. Not a tip, just my opinion 😛

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  9. Need I say more

    I believe Malcom Forbes Sr. once said, something like “We have found that it is more profitable to sell the advice than to take it.”

    Boomer,
    If you plan to stay around, you’ve got to quit most of that delicious but killer southern food. Sorry.

    “Upon seeing that he was mentally ill, like all the others, and that I was wrong about his mental stability, I wanted to create a “Fag Box” in the PG and put him in it. However, Jeremy was against it, saying “it might offend the gay variety.””

    Jeremy, the voice of reason? yikes!

    Main Entry: yikes
    Pronunciation: \ˈyīks\
    Function: interjection
    Etymology: probably alteration of yoicks
    Date: 1957
    —used to express fear or astonishment
    Main Entry: yoicks
    Pronunciation: \ˈyȯiks\
    Function: interjection
    Date: 1774
    —used as a cry of encouragement to foxhounds

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  10. Charlie Lastgasparino
    Charlie Lastgasparino

    I tipped my mortgage broker when he gave me $200K and lowered my mortgage payment to zero.

    I think his name was Angel?

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  11. Steve

    Yeah, that’s just what main street needs, the banks to implode. I’m rolling my eyes so hard over here, if only you could see.

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  12. Big Mike

    HAhaahahah 10 bucks!? Holy shit…things have been really bad for you huh?

    I spit at your offer…too low…

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  13. mrkcbill

    Green Writer can you throw up a few recipes for Boomer….maybe a Quiche Lorraine….with cranberry juice.

    As you know anything with cranberry juice is lady like.

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  14. zephler

    anyone playing LDK on the short side tonight for the ER?

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  15. CubsRock

    I’m playing the long side zephler. Game on.

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  16. The Fly

    The phrase “game on” is not allowed on this site.

    So sorry.

    I reckon this is your second offense, in as many weeks.

    Might I suggest a little testosterone with your daily B-12 injections?

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  17. PleaseKillMe

    Steve,

    I’m rolling my eyes for you rolling your eyes. Are you serious? Do you understand how we got into this mess in the first place?

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  18. mrkcbill

    You go Fly!

    B-12 Question…Did you notice any Blood seeping thru your designer jeans

    Answer…. I don’t recall.

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  19. CubsRock

    Luckily I found a (Use 1 get 1 Free) coupon for banned phrases on Ducati’s weblog.

    Also to cnbc, The TTWO/ERTS deal will never happen. TTWO is the company that wants buy others. One year from now when ERTS is trading at $10, TTWO will buy them out.

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  20. TraderCaddy

    I have a hot tip- don’t order the General Tsao meal at China Maid in Orlando- it will make you sick.

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