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
21,322 Blog Posts

Recessions Are For Losers

Clearly, Bernanke and Co. are not that.

Heavens forbid.

“May the greasy gravy train from middle earth continue to slowly grind forward, using the remains of dead bears as its only source of energy.”

Fly, 2008

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8 comments

  1. Q4

    My precious

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  2. Juice

    Crazy day … I had to leave around 3:30 and I check my account to find I got filled on some FXP @ 85.90 .

    And the oddest one of all. I put out an order to short 200 WPO @ 717. I got filled on 5. Which leaves me up 13 pts on 5 shares. After commissions & taxes, enough for a Happy Meal & a latte.

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  3. Dover

    Q4 – That looks like Eliot Spitzer.

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  4. Fly-

    how is your head after the occular pennetration you suffered via POT short?

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  5. TraderCaddy

    Read this and you will be building your own bomb shelter stocking it with guns, beans, and gold. The super cycle for equities from 1932 is OVER !!!

    http://www.financialsense.com/Market/wrapup.htm

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  6. kappa

    fly, first of all i have great respect for you. thanks for keeping it up!

    now, i understand being right is more important than being consistent, but what is the reasoning behind your reversal?

    fed assumes all the risk of mortgage, that may pause margin calls but fundamentally aren’t we just delaying the problem?

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  7. The Fly

    Kappa:

    I have not changed my bearish position, but delayed it.

    Days like today can resonate for awhile, enabling parked cash to rush back in.

    All I’m suggesting is to do nothing. That’s all.

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  8. JakeGint

    Q4. Clever, you cunning linguist, but this is the one my kids love (rock it out):

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