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
20,053 Blog Posts

Bear Sterns Being Buried; Fuck Ag

“The Fly” has officially come out of retirement, with guns blazing of course.

First things first: a widely circulating rumor says “don’t do business with [[BSC]].” As a result, investors are acting as if there is a run on the bank, dropping the shares more than 7 bucks.

Good for them.

Secondly, I’m a big advocate of destroying the “ag plays.” Please, do not tell me the sector is cheap. It is flaming, out of control, expensive—flush with excesses. Every Joe with a series 7 has been buying [[MOS]], [[POT]] and [[MON]] for his clients. Therefore, I want to short them, crush his clients, then laugh on the way to the car dealership.

You guys just don’t get it. “The Fly” is an asshole, who happens to win all the time. You’re over there, sitting down in that bullshit pleather chair from [[SPLS]], while I’m bouncing empty Monster cans off my trader/servants head.

So here goes:

We have a full fledged run on the dollar. Short it, via [[UDN]]. Thank me later.

Also, gold will continue to melt up. Get long [[DGP]].

Finally, I feel as if it’s a little late to the [[SKF]] party. So, instead, get short [[DSL]] or [[FED]]. They both will go to zero.

And, let’s not forget to “milk the farmer,” via shorting his stocks—which include long [[SMN]], short MON, POT and MOS.

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19 comments

  1. short it

    SMN to 50.

    EFU to 100.

    What do you think of WM now that GS and/or Buffet seems to have their back?

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  2. TraderCaddy

    Off to Reynolds Plantation (GA) for a college tournament.
    To the Bears-Crash this pig already.
    To the Bulls-Up,Up and Away.

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  3. The Fly

    Who says Buffett likes WM?

    Rubbish.

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  4. short it

    A potential capital infusion by Warren Buffett and Goldman Sachs is the rumor,” said Mike Capitani, head of equity trading at Caris & Co. in New York. “Buffett’s always looking for a bottom on things, and he’s flush with cash.”

    Spokespersons for Goldman Sachs, Buffett’s Berkshire Hathaway and Washington Mutual declined to comment.
    —–
    Just an unconfirmed rumor… as of now

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  5. The Fly

    Caris is a bucket shoppe [sic].

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  6. Juice

    What happened to getting out of the way of insane bulls before the fed drops rates again?

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  7. jeff

    Paulson needs some Emperor’s Club.

    That dude is fucked.

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  8. Elliot Spitzer

    Pleather chairs… mmmmmmmmmm….

    -ES

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  9. The Fly

    I changed my mind.

    If you had an IQ, over 90, you’d have the capacity to change your mind too.

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  10. alex

    Isn’t most of the rate cut “priced in”?

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  11. Juice

    Whats your problem this morning?

    You didn’t like my call of covering & buying Monday?

    You didn’t like my call that yesterday would be down but today would be down worse?

    And I take it you don’t like my call that the rally off these lows will be fierce.

    And you accuse me & my sub 90 IQ of not having the capacity to change my mind.

    Suit yourself.

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  12. The Fly

    I’m jealous of your market wizardry.

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  13. The Fly

    Inflation is an “inside job.”

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  14. calvino

    The LV larcenists have no good reason for not being shorted. Calvino sell 4 lvs, 3 mgm and 2 wynn. Stupid multiples and a bankrupt clientele, the Macao gambit is just going to cannibalize crook central Las Vegas.

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  15. bifman

    Hey guys,

    big fan of the website…

    on the topic of decoupling – are China and India still in bullmarkets? how do we reconcile http://finance.yahoo.com/q?s=^DJC

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  16. Employee8

    What if the fed doesn’t cut next week …. to defend the dollar they stop cutting and just do another $200 Billion in swaps …..

    Short ag via MOO puts: Top ten MOO holdings

    http://finance.yahoo.com/q/hl?s=MOO

    AGRIUM INC. AGU 4.34
    ARCHER DANIELS MDLND ADM 8.18
    BUNGE LTD BG 4.39
    DEERE CO DE 8.1
    IOI N/A 4.58
    MONSANTO COMPANY MON 8.42
    POTASH CP SASKATCHEW POT 8.76
    SYNGENTA AG ADS SYT 4.79
    MOSAIC COMPANY (THE) MOS 8.53
    YARA INTERNATIONAL YAR.OL 5.32

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  17. JakeGint

    I have to admit, Brucie’s called this week like a Doug Henning, as played on Alpha Centauri by Greedo of Tatooine.

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  18. JakeGint

    “MOO” is so fucking “cutsie” it begs to be shorted to flatline.

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  19. JakeGint

    Bif — we are the world, we are the children.

    There is no decoupling. We are the Chi-coms ball and chain as they struggle to swim across the South China Sea.

    The Hindi have enough trouble getting out of their own way.

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