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
21,396 Blog Posts

Late Night Thought

I fucking hate truck drivers.

More on this later.

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68 comments

  1. calvino

    Because they are driving up the transports? Console yourself with four regional airlines going bust this week. The transports are done. The confabulation of douchebags did not take into account that most of the transportation was that of grains and coal going overseas. And ethanol. Not value added domestic manufacture like before, but inflationary fuck ourselves type of transports. If you still hate truckers, just cut one off on the LIE.

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  2. calvino fan

    confabulation of douchebags

    Calvino, do you have a blog? If not you need to set one up. Seriously, just do this: open up the newspaper or your favorite news site and read the top five stories. Then summarize them in your own words, paragraph each. I’d hit that every morning, and click on ads and shit too.

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  3. Greg P

    Who is that dude on the front page of iBC holding the iBC cup ? Must be the one they call The Fly, right ?

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  4. truck driver on speed
    truck driver on speed

    mehh mehh!!!! (honk honk!!!)
    Coming through… Whooooo!!!!! haw!!
    ( repeat for 16 hours every day)

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  5. truck driver on speed
    truck driver on speed

    I’m buying my first stock tommorrow… Derrr!!!!!

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  6. Jason

    Exports and the cheap green are driving that big Semi

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  7. DPeezy

    A ‘late night though’ actually posted late at night, rather than at a geriatric 8pm. I’m proud of ya!

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  8. DPeezy

    *thought.
    It’s late.

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  9. BOOMER

    Washington Mutual to get $5 billion injection, report says

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  10. brian

    Boomer your right looks like I will be getting my easly obtained cash back

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  11. Greg P

    OK, OK, OK. I think i got it.

    That dude on the main page of iBankCoin is none other than Andy Kessler. I am right aren’t I ? I must be right, It looks just like him.

    What is Andy Kessler doing in a place like this ?

    Ummm, well then maybe “The Fly” IS secretly Andy Kessler.

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  12. Gunners

    What’s goin on with the PG? it’s all “old style” and fucked up

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  13. gappingandyapping
    gappingandyapping

    Bears are setup to get machine gunned down today. Its shaping up to be a massacre. SKF, SMN, DUG, FXP, Short any Ag’s or short financials you pretty much dead today.

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  14. lol

    nope stocks gonna peak today then 300 down tommorrow

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  15. just watching

    This is the sort of whipsaw crap that drove me to daytrading.
    A six-month outlook in this market is just so much rope around your neck. Don’t matter if you’re right.

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  16. mike

    Could the Fly’s real ID be Howard Schultz?

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  17. TraderCaddy

    So why wasn’t this Feldstein (now on CNBC) not appointed Chairman of Fed? He makes too much sense?
    Fly’s real ID is D. Donut. A friend of truckers everywhere across the USA.
    Just watching- Me too many years ago. I sleep better at night.

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  18. Alvari40

    Here we go guys. The most optimistic of us have been long for several weeks looking for the push up to daily resistence, while the shorts have been waiting for the next shoe to drop. Dow, Naz, and S&P are dead on the daily down trend line. Do we go for a head fake and reverse with some as yet unforseen blowup (e.g., LEH), or do we continue to stair step it up the wall of worry? It was not that long ago when I promised the almightly that I would be a good boy if he would get me back to even with AAPL (151) when it was breaking 120. Now that we are here, I am ready to shovel more shares into my account and put another 100k to work. It’s that blind optimism in upward momentum that usually rips my face off. So, I will be selling 1/2 of my AAPL at the open, half my ROM, half my C/LEH/GS, and half my SNDK. It’s gonna be hard to do that, but it will be the right move.

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  19. Juice

    agree w alvari

    and i think we put in a swing high peak today or tomorrow & then it will be the bears turn for a week

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  20. Alvari40

    As can be seen from my post with the holdings that I disclosed – I have been leaning long; however, RWM does look taskty here with it’s oversold, low volume condition. The various future indices are also overbought on the daily charts. So, an afternoon long in RWM on any weakness in the markets is not a terrible idea. If we do not get the afternoon weakness, I will be putting on an overnight RWM short.

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  21. Juice

    HUGE squeeze in steel, ag & coal … MONSTER … I’m gonna short some coal & steel … crazy shit

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  22. JakeGint

    Holy shit, look at Massey Energy (MEE). This fucker was literally on death’s door about 9 months back, with a break below $18. Talk about “a reverse Bare Sterns (sic)!”

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  23. JakeGint

    So was that a picture of the Fly on the cover page there?

    Good thing he’s only 31, since it doesn’t look like he’s going to make it to 40.

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  24. Crude Broker

    I can’t resist. I am going to buy some MVIS for a small trade.

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  25. Juice

    Can’t be the Fly .. that guy’s already doing a comb-over. I don’t see Fly doing a comb-over till he’s 47.5

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  26. alphadawgg

    The Fly looks like Chevy Chase’s younger bro.

    Hence, the comedic talent.

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  27. Greg P

    no, no, no. I am telling ya that Chevy Chase look-a-like is Andy Kessler, the former hedge fund dude who now just write books for fun.

    http://en.wikipedia.org/wiki/Andy_Kessler

    But here is the shit. Andy IS “The Fly”. Fo Real.

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  28. Greg P

    http://akessler.blogs.com/andy_kessler_color_headshot_small.jpg

    http://www.ibankcoin.com/flyblog/wp-content/uploads/flybrary/schultz.png

    OK, considering the pic is called schultz.jpg … probably is howard with a bit of photoshop 🙁

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  29. just watching

    the kind of thing that tells you sentiment may be starting to shift back – the solars have all been met with continuous steady selling all morning long, even with a bit of good news (eslr) in a hot sector. don’t know that i believe it just yet…

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  30. JakeGint

    Greg — let us have our fun, eh?

    Monday’s not Monday without an introductory “Fuck you” from the Fly.

    You know, to start the week off right.

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  31. calvino

    People are broke where I live. I just came back from necropolis one and two, aka Home Depot and Lowe’s. Actually I went at 7am, unlike the proprietary bloggers, I don’t nuzzle with the pillow when working men are up and working. I did not see one contractor pick up at Home Depot. Maybe about three customers in the one and a half acres of aisles. At Lowe’s, the staff to customer ratio was an equally wanton ten to one. I chatted with a cashier in the commercial check out.

    ‘Where the heck is everyone?’ I says.

    She responds with a doleful glance and does not deign to answer. She opined that half the employees were already named on the pink slip.

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  32. JakeGint

    Interesting that Howard Schulz, too, is from Brooklyn.

    You know, back in the day, when my parents were young adults in the sixties and seventies, it was kind of a cliche to say that “everyone was from Brooklyn,” because it was kind of an amazing thing how many famous people had come out of Brooklyn.

    The thing that’s kind of wild is that the cliche still kind of holds true today, even as Brooklyn is far more known for Brownsville (crack-head central), Bensonhurst (Mafia central) and Brighton Beach (Russsian Mafia central).

    You don’t hear much about Flatbush anymore, ever since that movie the Fonz was in.

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  33. kurt

    this market is flatter than fly’s mom

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  34. alphadawgg

    Greg P

    The Fly is not Kessler. Back in 1979, the Fly was shitting his diapers and spitting out his Gerbers mashed broccoli.

    He also used to work for Seligman Capital, as he disclosed sometime back when.

    His real name is immaterial. You couldn’t pronounce it anyway, since he is Romanian.

    He will always be known as “The Fly”, egregiously of course.

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  35. RSD

    MVIS moving up

    PS A few months ago I had a road-raged pick-up truck driver pull ahead of me @70 in a 40 mph area and then try to push me into the right lane where some poor sob’s were pushing their car. Presumably because I switched lanes (safely) to avoid the aforementioned disabled car.

    I regret not 911’ing that f’n psycho.

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  36. JakeGint

    Calvin,

    That is interesting, but we haven’t seen it that bad here yet. Of course, we never saw the violent upswing either– this town is more of a muni bond than a double inverse ETF.

    Are you still living in the Northeast?

    The silver lining for HD, if it survives here, is that maybe people will start liking it again. The reason I stopped going there (and now use Lowe’s or even a local hardware shoppe) is that I could never find an employee on the floor. They were like hen’s teeth.

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  37. alphadawgg

    MVIS to a 4 handle this quarter.

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  38. JakeGint

    I thought it was Fly’s wife who was Romanian.

    Nadia something or other? Couple of gold medals in the closet…

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  39. RSD

    Jake,
    Re HD You really don’t want to find an HD employee. There as useful as tits on a bull.
    Just kidding. A few of them know something

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  40. alphadawgg

    Jake,
    It can’t be. Nadia is over 47 1/2 and a goat herders daughter.

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  41. PleaseKillMe

    I just found someone’s 30% gain for the year. Does it belong to anyone?

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  42. nncoco

    Kessler is too old to be FLY. How about a caption?

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  43. buylo

    Fly’s real name is Marshall Fielding and currently he is busy being the President of San Marcos while defending himself in court for seditious and rebel-rousing acts against the US. I think Woody Allen made a movie of this, there’s a clip on Utube somewhere.

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  44. hattery

    Fly, what’s going on with the PG? went to log on and it’s asking me why I deserve to post or something… I hope all my drafts that I have saved are still there.

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  45. calvino

    I’m back in the Nutmeg state. It’s teetering.

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  46. gappingandyapping
    gappingandyapping

    Fly have you retired?

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  47. gappingandyapping
    gappingandyapping

    By the way I posted last week about the move in MVIS, can some chart fucker tell me where its destined to get to?

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  48. lol

    Fly’s in hibernation after his 100 hours of non sleep…

    Hope he doesn’t wake up with margin calls.

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  49. calvino

    Tuco, is it time for the variegated bull to strut his colors? Maybe Martay can being the golden bring to dance as well. This market is completely fucking impudent.

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  50. lol

    anyone checking out visa today?
    I say… charge it.
    Already has options on it, might want to look at it

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  51. BOOMER

    If I were to wager who Fly is, his personality profile, I’d say he’s a lot like me (although he once declared that I established myself as his blogging foil in the course of one weekend on the old blog).

    If I were guessing, The Fly:

    …is not famous, per se. He is anonymous. Just a smart guy who is good at what he does and has good ideas.

    …stumbled into his blogging voice aka The Fly, formerly Broker A. Because he know a winner when he sees one, he ran with it.

    …is young. Maybe a year or two younger than me. Guessing 34 – 36. Maybe a click younger based on his music selections. His taste in music reveals a lot about him. Especially the rap. He knows too much about that genre to be older than 38. Rap sucks to anyone 38 and older.

    …he is kind in real life, no bravado. Unassuming.

    …he deeply loves his family, especially his kids. I bet he has three. Two girls, 1 boy.

    …married his college sweetheart.

    …he is not based in Manhattan. I bet he is in NJ or CT. He wouldn’t subject his family to city life, especially his girls. Although he sometimes wishes his son had a bit more Brooklyn in him, but takes deep satisfaction in the fact that he is able to protect his son from the bad parts of city life.

    …has a good education, but his smarts are genetic, not schooled. he has a masters degree, but not an MBA. More of a MS finance/accounting slant I think.

    …prefers pro baseball to any other sport.

    …wishes he could find more time to exercise.

    …loves to read.

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  52. JakeGint

    Calvin — Connecticut is a feudal state, with enclaves of wealth surrounded by blighted urban areas. It’s like a living tribute to the limousine liberalism that dominates the politics there.

    As long as you erect an 18 foot granit barrier wall around Greenwich (or insert “Westport/New Canaan/Darien/Wilton, etc.), complete with moat and moat people to defend it, you should be allright.

    I think Fly has let some of his moat people go, recently, so you can see him for resumes.

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  53. CubsRock

    Well at least SRS is acting rational, what’s going on Gunners?

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  54. gappingandyapping
    gappingandyapping

    Oil to 200 Steel to 1000 an ounce. Corn to 20 a bushel

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  55. fly

    quit stalking me boomer

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  56. Topper Harley

    Fly – Get out of your fuckin oblivion and say something. DOW at 12700

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  57. .

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  58. Margin Call

    FXP to zero.

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  59. hanktrader

    is this market ever going to fucking let up—if it was not 4 my soybeans trade/ profit i would be fucked on my puts??? wtf is going on

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  60. JakeGint

    I’ve yet to meet anyone who’s smarts are “schooled” rather than genetic.

    It’s that old horse & water thing.

    Yeah, he’s definitely suburban. There are no malls in the city.

    I’m going the other way (he already mentioned he had three kids) — two boys, one girl.

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  61. Gunners

    Start of the next leg down for Commercial Real Estate. Manhattan vacancy rates rose, with a negative outlook. this has reverberating effects on other markets. VNO struggling, as well as BXP, another NYC heavy REIT.

    REITs have also outperformed almost all other sectors the last few weeks. time for profit taking, and then the next leg down, fueled by less than attractive 1Q market reports

    I’ll write more at some point. very busy

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  62. hattery

    I’ll say it for him, don’t be a lemming… raise cash, and go short.

    maybe the fly went on a mission to hunt down the truck driver that clipped his mirror.

    On second thought, if he’s in DCR still, he needs some time off, with DCR down 12.5%

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  63. JakeGint

    Good time to be on the CBOE again… after some hard times.

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  64. JakeGint

    The $VIX stands on the edge of a knife…

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  65. FlySpokesman

    The Fly is much too busy counting his increasingly worthless filthy dollar bills to fuck around with little people on the internets. While it’s true he has fewer wheelbarrel dollars today than he had a week ago, he still has far more than you.

    So go fuck a bee hive.

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  66. Employee8

    Getting bad up here where the Duke of Braintree once reigned. A friend works for a contractor specializing in commercial const/reno and an occassional well-to-doer in the res’l arena and says he is dead expecting layoffs shortly and his wife just got her pink slip as well … starting to fall off the cliff rather abruptly but already discounted by the market, no?

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  67. zephler

    remember when the US sold Saddam mustard gas in the 80’s to use against the IRanians? Good times…

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  68. nncoco

    Fly said he lives on lives on Staten Island in a long-ago post.

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