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
21,316 Blog Posts

Late Night Thought

Death to the trannies!

May all trucking companies and truck drivers be hit with egregious revenue loss and “fuckfaced” speed bumps.

God willing, of course.

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43 comments

  1. Mushroomz

    You have to admit the down days lately have been pretty week.

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  2. The Fly

    I admit nothing of the sort.

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  3. hmm

    A commentor at The Sloop of Poop made the observation that every time the market spikes down, the Fed steps in with a divine intervention. So the bears have decided to take the market down very slowly and quietly, when nobody’s looking. Shh, don’t wake Uncle Ben or he’ll cut rates!

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  4. Dogbreath

    The Fed is about out of silver bullets. Not much left in interest rate cuts and about 1/2 their 900 billion already on the table and up for grabs. With 500 trillion out there in derivatives and most of it debt leveraged with bets on the wrong side of the subprime sewage, the Fed is actually pretty impotent. All the Fed has ever been able to do is temporarily influence sentiment of the financially uninformed. To date – none of the real problems have been even slightly altered.

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  5. hannamontanna

    remember bluelinx (bxc is a trucking co.) and is really a messed up co. short those fuckers

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  6. CrzyPatel

    2 reasons to buy the dips of FXP tommorrow:
    1- instead of a correction, bears r just toying for as long as they like, we can see rise in the day n sellers in the afternoon for quite a few days.
    2- FXP tracks the 25 most liquid and large HK stocks, which usually are normal chinese’s investors bread and butter. By chinese i mean those who arent and CAN LEGALLY trade HK stocks. If you look at the markets around the world, you will see that harsh big co sellings occur after the lead of many small and middle co. The last two days turn in hang seng clearly paves the way. Actually its prob better to short FXI, im sure one better than the other in percentage, because the 200% inverse leverage has its ….opps, forget the last line. hehheehee.

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  7. No One

    Anyone watching Shanghai?

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  8. ParkSlopers

    What are everyones thoughts on Visa? got in at 59.99.
    Also I saw the MVIS demo at CTIA last week and after getting burned because a double wasn’t enough I am back on the bandwagon.

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  9. cuervoslaugh

    [[IDU]] is starting to look attractive.
    Not today but some day this week.

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  10. gappingandyapping
    gappingandyapping

    Why are level 3 assets rising at LEH. Shouldn’t these fuckers be blowing out of this shit? Death to WM.

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  11. PoorOkie

    LEH and WM (and BSC for that matter) are already dead. The Fed and the PPT are carrying them around like “Weekend at Bernie’s” and shit.

    Any increase in assets or market cap can probably be attributed to the normal bloating that proceeds decomposition.

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  12. Asshat Dip Buyer
    Asshat Dip Buyer

    Dow Theory maven Richard Russell’s dramatic change of heart.

    He has shown in the past an uncanny record of accurately calling the major market turns:

    “when it comes to calling major turns in the market, Russell has some spectacular calls to his credit.

    One of the most famous was his buy signal that came very close to the bottom of the great 1973-74 bear market.

    Another was a sell signal in late August 1987, five days after the stock market’s high that summer and two months prior to the 1987 crash, the worst in U.S. stock-market history.”
    http://tinyurl.com/3mh22z

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  13. WallStreetLurker
    WallStreetLurker

    Gapping:

    It’s simple.
    If they mark to market, they’ll be forced to realize insanely large losses. So instead, they classify the junk as level 3, mark to model and sit on the stuff, hoping the market for these products recovers.

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  14. Dr. Kevorkian

    Richard Russell called me to put him out of his misery.

    He is, after all, 187 years old.

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  15. Richy Rich

    PoorOkie,i’m laughing my ass off, “weekend at Bernie’s”

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  16. Gapp,

    No one wants to buy that shit, that’s why they’re stuck with it.

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  17. JakeGint

    C’s news not exactly getting a famous welcome as we move toward the open.

    WM down 40 cent.

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  18. Juice

    Correction: There is
    no bear market, nor has there been since pre 1982.

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  19. JakeGint

    Brucey,

    So what was 2000-2003, a figment?

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  20. CubsRock

    I got long my first stock in over a week, DRYS, and of course the market goes down. Hah, I should have grabbed something long a few days earlier.

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  21. JakeGint

    Think of this as the combined cast of CNBC, and you’ll laugh even harder. My vote is for the guy intentionally targetted by the snow-tuber. That’s Olympic level tumbling, there:

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  22. just watching

    X looks like a tempting short here, or is another f’ing bear suicide mission? (like POT!)

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  23. Juice

    yeah Jake, nasdaq losing 80% of its value & still down over 50% in since march 2k, is nothing in the MONSTER picture. Just a blip, unless you lost everything.

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  24. jeff

    Who is buying SLV?

    http://simplegold.blogspot.com/

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  25. JakeGint

    I am giving Jeff “karma points.” I rarely do this, but in this case, that’s a link you to which should all attend.

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  26. JakeGint

    Where is Chivas? I want that $TRAN report on my desk by 11:00 am.

    I’ll have a glass of merlot waiting.

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  27. TraderCaddy

    I’m buying long SMH and VGK (Europe ETF) for daytrade. The rest is all noise of the day.

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  28. kmorph

    MVIS is not even thinking about a pullback.

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  29. nullpointer

    why the exaggerated move in DCR?

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  30. nullpointer

    nevermind the DCR question……just learned about the DCR/UCR structure

    yikes

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  31. Mushroom Stamp

    Time is running out for the bulls. Prepare for death via equity annihilation.

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  32. Mr. Obvious

    Well, DUG has shit the shower once again. Fucking oil.

    Fail to understand how oil skyrocketing to the moon is good for the market.

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  33. gappingandyapping
    gappingandyapping

    MVIS is just fucking rocket shipping

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  34. nullpointer

    TC-

    thanks, i had stumbled across the SA article

    while i generally despise SA, it was a good starting point

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  35. JakeGint

    Richard Russell informs Mr. Market he is still in “a bull.”

    Mr. Market responds accordingly:

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  36. chivasontherocks
    chivasontherocks

    my dear Jake,

    i’m right here, still very bullish. on the trannies, i think we go to prior breakout highs around 4820. my line in the sand is 4780 the 200 day moving average. i do promise if we break those levels, choose your wine and i will fedex it to you. in the mean time enjoy.

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  37. CubsRock

    Hey Fly, how about making an appearance and taking a bow.

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  38. JakeGint

    I won’t quibble with your first “line in the sand,” Chivas (your 4820 is more conservative than my 4825), but I’d give you more “rope” on the second target. I wouldn’t declare you officially “hemlock merlot’d” until about 4620 or so.

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  39. JakeGint

    Cubs,

    Please don’t invite a market gods vexing boast-fest. Let him sleep.

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  40. chivasontherocks
    chivasontherocks

    Jake,

    lol. thanks. now go enjoy your fucking merlot.

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  41. JakeGint

    Fly’s revenge on his recalcitrantly bullish employees has begun!

    See here how he sends a special “Romanian goat assassin” after the disloyal Woodshedder!

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  42. JakeGint

    For those in this play:

    FED snuffling out “zero” like a boar hog after a truffle.

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