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
23,417 Blog Posts

Pedestrians at Play

Thus far, being “retired” is quite boring. From time to time, I look at the markets and see all sorts of errors being made.

For example: investors are buying into yesterday’s up 400 Dow day. Ha, the folly you pedestrians make.

Seeing [[SRS]] and [[SKF]] drop down the garbage shaft almost makes me want to come out of retirement. Almost.

I see the retards from [[TMA]] caught an upgrade and have now been anointed the “Cadillac of Mortgage Companies,” once again. As you readily know by now, bank, brokerage or homebuilder bankruptcies are ILLEGAL in this country and will not be tolerated. Upon dealing with the worst housing market in 100 years (FNM CEO said that today), the Fed will pump liquidity into their wallets, in order to allow them to make the same mistakes—again.

Once again, in case you didn’t know, America’s new mantra is “survival of the fittest and all the weak guys too.”

If I weren’t retired, I might take an Atlantic City gamble on [[SMN]] and [[SRS]], down at these levels.

More on this later.

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43 comments

  1. Juice

    Stellar commentary … I must say, your commentary has been “crisp”

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  2. AARP Surveillance
    AARP Surveillance

    The Fly, since “retiring”, is cozily resting in his “hammock”, which is basically a net that catches lazy people.

    How does one go from trading Chinese solar burrito stocks and inverse ETFs like a banshee, to buy and hold cash at the retirement home? Odd, no?

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  3. mrkcbill

    All you need is a time machine for crispy commentary.

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  4. nullpointer

    hey, i was kinda counting on that 416 point drop.

    i am wearing stylish slacks, expensive shoes and everything, per your demands.

    please?

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  5. gappingandyapping
    gappingandyapping

    TSO looks good to buy down here.

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  6. The Fly

    Sorry. I had my time machine set for March 12th of 2009.

    It was an honest mistake.

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  7. Prospectus

    The mantra is “No Financial Institution Left Behind”

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  8. DPeezy

    Those dials can be finicky. Should consider upgrading to digital input.

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  9. boca

    Have you thought about writing a book Fly? Love the way you express yourself, dynamite commentary.

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  10. Juice

    http://www.minyanville.com/articles/Fed-economy-debt-TEXAS/index/a/16238

    some crispy analysis of our current situation

    very poignant, yet sad, in a keynesian way

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  11. boca

    I’d like to see the people handing out negative points on the comments put themselves out there everyday with predictions and analysis (and for free!) like Fly does. He has very large huevos, you can only be jealous of them.

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  12. gappingandyapping
    gappingandyapping

    Anyone see that DBA reached their buying limits in some commodities? SMN anyone?

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  13. BITCH FIXER

    boca,
    He should have checked the time machine dials before posting. A careless mistake.

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  14. nullpointer

    in all seriousness, i am very thankful for all you guys’ commentary here the last 3 months or so.

    your (very well placed) negativity has saved me from myself many, many times.

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  15. The Beard

    Fly, I think boca “fancies” you.

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  16. calvino

    Boca, I read about Elliot as well. That man is a complete piece of garbage and a disgrace to the rest of our gender. Notice that I put an exclusionary wall between himself and myself, as well as himself and normal men. Let me explain.. if i was the Governor of NY, I would be getting more free intern pussy than the women’s bathroom in the State Capitol. And even if you do pay for it.. 4500 fucking dollars?!! Just the idea of it is insulting to my sense of identity.. some little bitch now thinks her twat is worth my sup money at Le Bernardin? Ruin it for the rest of your gender fuckface.. fucking liquidity leech.

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  17. Juice

    Elliots 7 diamond babe-o-rama

    http://www.nystocktrader.com/kristen.jpg

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  18. Wild Bill Clinton
    Wild Bill Clinton

    Ahahaha..Elliot obviously should have consulted me first. Calvino is right. Nothing beats office pussy. Nuthin’..ahahahaha!

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  19. The Beard

    A real man does not need to pay for female companionship. So sad. Perhaps if he grew a luxurious beard?
    Now if you’ll excuse me, every time I step away from the controls, the market slips. Gotta get back on the job.

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  20. Juice

    I was out downtown NYC last night with a guy who is renting his summer home to one of B Clintons former teamates, whom I shall leave nameless, yet his name rhymes with Step-on-a-Rhinoceros

    He said Bill asked him to lie about Lewinsky . he wouldn’t, so he quit.

    Just a little bit of tidbit trivia.

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  21. Juice

    Don’t kid yourself, marriage is legalized prostitution.

    Nothing is for free in this society, not even love.

    True love, maybe. Maybe, if there is such a thing.

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  22. Gunners

    Calvino,

    Boca is of the female variety. I’m not sure you knew that when you said “our gender.” She’s not male.

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  23. Q4

    March 12, 2009? Stay on the bench Fly.

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  24. boca

    The Beard: I am happily married, and suspect that I am old enough to be the Fly’s aunt or stepmother. However, if you tell anybody about our special time before that Fed dinner in Atlanta last year I’ll have to kill you. Now go fix the market!

    Calvino, I know I will hate myself for asking this question, but what the hell is worth $4,500 or $5,500? Unbelievable.

    Also I agree he should not have been paying for it, didn’t he take notes from Bill Clinton on how to get it for free? Sheesh. Coffee is for closers and men who don’t have to pay for it only.

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  25. boca

    I think Calvino knows, Gunners, he meant the male gender in general, as he is a man, and was not referring to me. Thank you though!

    I think love and marriage can coexist just fine, but “true love” is a fantasy that does not exist. Marriage is a practical state of existence and involves other things than just love.

    My brass ovaries are firing on all cylinders today!

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  26. The Beard

    March 12 2009? There won’t be 417 points left to lose, so wrong again.
    However on March 26, 2009, the Dow will be re-indexed with only inverse ETFs, to better “represent the economy”.

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  27. Juice

    Its a good counter-balance to have some estrogen & progesterone therapy around here, sometimes.

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  28. boca

    Juice, I have to balance all that excess testosterone y’all have in abundance.

    I have to go back to work now, need to finish my shipping so that I can take my husband out to dinner with the egregious earnings from my book sales.

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  29. Gunners,

    someone asked your opinion, in a previous post, of buying TMA up almost $2.30 any thoughts.
    thanks in advance

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  30. Gunners

    i never thought i’d see a “true love” discussion on this site. expect a reprimanding from the fly, shortly.

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  31. Juice

    Jimmy, I was waaay the fuck out front of the commodity bull market & brokers bear market, Rogers, taking a page out of Ron Paul’s, Abolish the Fed, book.

    http://www.cnbc.com/id/23588079/from/ET/

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  32. Gunners

    There’s too much emotion involved in that stock. they are also strictly residential, I deal strictly commercial. So i don’t have that much of an opinion. I see no reason to rush out and buy that stock though. it can go up 100% or down 100% in the blink of an eye. I would have liked to short it at $3.50 today, as it already came back down below $3. have fun with it if you want, i’m staying away.

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  33. The Fly

    Whoever gives me negative karma points will have his eyebrows knocked off.

    Fair warning.

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  34. TraderCaddy

    You just need to plan your day a little better now that you are retired. The early bird special at Golden Corral starts at 4PM followed by a bingo game at the community center.

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  35. Sputzer

    Follow the link and scroll down to see who got my $80K

    -Elliott

    http://www.huffingtonpost.com/2008/03/10/emperors-club-all-about-_n_90768.html

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  36. Juice

    In retirement, Fly is gonna take his market winnings & buy good times from 7 diamond empresses.

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  37. boca

    BTW I apologize to everyone for being such a smart-ass today. I don’t mean it, I take the joking a little too far sometimes.

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  38. JakeGint

    Boca please.

    You’re not half the smart ass you need to be. But we’ll work on that.

    As for this:

    The Beard: I am happily married, and suspect that I am old enough to be the Fly’s aunt or stepmother.

    That’s a curious description. Are you implying that Fly’s Dad would be — were he to find himself single — more in the market for a “trophy wife?”

    And what book is this we’re talking about?

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  39. JakeGint

    True story:

    I played shuffleboard with my kids last week.

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  40. TraderCaddy

    Jake was obviously down in South Florida. Awesome shuffleboard courts especially in the Deerfield Beach area.

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  41. JoeyBagofJumboDefaults
    JoeyBagofJumboDefaults

    TMA will double every day until Bernanke begins helicopter drops of gold bullion bars in Queens on Tax Day.

    That would effectively make the TMA price target $1500 by mid April.

    All in!

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  42. JakeGint

    TC — Highland Beach, but yeah.

    They just “redid” their courts this past year, and they are sweet.

    I remember playing on the same ones as a teenager, and they’re much better today.

    The “true game” I’d like to introduce down there, however, is bocce.

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  43. boca

    hahaha at the shuffleboard.

    Thanks Jake I will sign up for smart-ass classes with you immediately.

    Re my description: I doubt I’m old enough to be Fly’s mom, it would have to be step-mom. Also I’m married to an “older man” and my step-sons are not that much younger than me, so yes I was making a Trophy Wife joke. “Older men” can rock, too.

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