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
22,548 Blog Posts

I Really Hate the Fed

I’m not done making money on the short side. While it’s true, I was rudely interrupted with this rally of “death and cannibalism” by the bulls, being short. I still have it in the back of my mind. It eats away at me in my sleep. Just know, I have the motivation to “revenge trade” and slaughter all of you bulls in one sitting. It would make my life all the more glorious.

The latest Fed action disturbs me, like a drunken homeless man, inside my morning commute subway car.

Let me get this straight:

The Fed will now accept bullshit student loans at the window?

Ha!

In addition, they will take on all sorts of so called AAA paper. Quite frankly, if I wasn’t so high, smoking opium from my euphoria stock market pipe, I might be concerned.

Nonetheless, the job numbers come in at -20k, BANG ZOOM.

I really need to chill the fuck out.

As for oil:

Do not ever think it will go lower, in your lifetime. Oil will trade up to $400 per barrel. It’s some sort of transfer of wealth scheme, from west to east, that you and I were not invited to.

However, you can always crash the party, via buying some [[USO]] and putting the certs in your vault.

With my money, I do not fear [[POT]] trading higher. I will short more.

Also, I am quite pleased with the behavior of [[NVDA]], [[FMCN]], [[LAZ]], [[NILE]], [[HANS]] and [[ZUMZ]].

I am building up my war chest, in order to slay you later.

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37 comments

  1. nullpointer

    me too brother, more than words can describe.

    btw, buying NILE is the most insane thing i can imagine….no, wait, the fact that you are making money in NILE is the most insane.

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  2. calvino

    Construction created 45,000 jobs, that’s why the loss was only 20,000.

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  3. green writer

    The homeless guy was ok…its the pushy old ladies that you can’t knowck down.

    Fuck the FED and their magic tricks

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  4. Dinosaur Trader

    Fly,

    Your thoughts on having thoughts here?

    Thanks,

    -DT

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  5. alphadawgg

    HANS went to zero!?..oh, nevermind. Bad data feed. (Whew).

    Initially, I thought someone may have died from being overly-caffeinated.

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  6. jeff

    http://infowars.com/articles/nwo/oil_price_200_dollar_barrel_bilderberg_plan_destroy_middle_class.htm

    The middle class is done.

    Down with Rockefeller – read some Ezra Pound fellas

    Monopolies rule

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  7. Pudfucker

    I may regret it since I know liquidity driven markets that generate multiple expansion are the most powerful and create the biggest gains, but I sold 75% of my longs today. The only short I have is TLT, which I’m keeping.

    My head told me not to sell, but my gut says they’re going to use the persistent strength in commodities as a reason to consolidate the massive gains of the past 6 weeks.

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  8. BEAS

    [[BOOM]]…a real bust…stock went from 46 to 36 in minutes…any thoughts..

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  9. alphadawgg

    “Fuck the FED and their magic tricks”

    Bernanke is simply an older version of David Copperfield.

    (No, not the Charles Dickens character—the other one)

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  10. calvino

    Pud..tlt.. agree.. the shiteating bearded clam is going to get a stick of dynamite stuffed down his pipe.

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  11. gappingandyapping
    gappingandyapping

    How about a rate hike in November you fucking faggots.

    I am about to break shit. This is fucking nuts.

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  12. hattery

    lol, Jeff, someone should ask Mr. Bilderberg what he thinks about that article.
    Speaking of which, did MR. Bilderberg and his assistant stop posting?

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  13. TraderCaddy

    The rumor now is that next week the FED will be accepting Enron,Etoy, and Pets.com paper for $$ based on their 1/1/2000 value.

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  14. MarketRaider

    Is RIMM on a mission from God or something? This stock is moving up like it has a purpose.

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  15. BOOMER

    BOOM sucks, and is a dead trade until summer.

    BOOM is run by a commie Frenchie who offers cigarettes to his shareholds instead of results.

    “Vhat? Do not you like like the smoke? It is good, no?” Ok, that was more russian, but fuck you.

    $28. Coming to a explosively clad hell hole near you.

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  16. alphadawgg

    BOOM just went “boom”. Coincidence?

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  17. hattery

    oh, I guess Mr. Bilderberg has posted recently
    http://www.ibankcoin.com/peanut_gallery/index.php/2008/05/01/official-endorsement-congratulations/
    I had not noticed due to the vast amounts of posts in the PG.

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  18. globalx124

    You should.

    The Cartel has been enslaving and CONfiscating your hard earned dollars via inflation for the past 100 years and such conditions persist.

    Global Hyperinflation?

    Take it to the Fuckin’ Bank!!

    OR perhaps not, those Fuckers I N S O L V E N T!!!!

    Got Hard Assets??

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  19. BEAS

    are u sure…I thought they should do well with that steel shit going on…28 seems bit extreme

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  20. Bilderberg

    Jeff, my conspiracy theory under every rock fellow human; peak oil is not a scam, sham, scallywag, hullabaloo or other foil of myself & my buddies, Rothschild (Bauer or Bower) – Pindar, Bruce,Cavendish (Kennedy),De Medici, Hanover,Hapsburg, Krupp, Plantagenet, Rockefeller, Romanov, Sinclair (St. Clair),Warburg (del Banco), Windsor (Saxe-Coburg-Gothe), to keep the middle & lower classes beneath us, where they belong.

    This planet will run dry of oil by 2055 give or take 5 years, fuckface.

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  21. The Human Piranha
    The Human Piranha

    .

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  22. Spankin' Hank Paulson
    Spankin' Hank Paulson

    That huge SPY position we acquired really paid off.

    We got the market up where it needed to be before the bad news hits.

    All this lyin’/cheatin’/stealin’ reminds me of the good old days at GS.

    Good times!

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  23. ottnott

    The Fed’s plan is to be able to truthfully announce, whenever some bank or broker is rumored to be going under, that “Company X’s balance sheet is as solid as the Federal Reserve’s balance sheet.”

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  24. AU CONTRAIR

    FLY you would not be slaughtering any bulls with your SKF. Be glad you exited when you did or neutered would have a whole new meaning for you.

    Relax, frowning bulls and clam the fuck down bearshitters, things are not going to go your way. It’s a nice Friday “sell the news profit taking day”. Technical and fundamentally….the tide has shifted. My bet is the market rips higher next week. It’s light on economic data and we will roll on and over all the bearshitters…FLY…pick a side, you are making me dizzy with all your gymnastics.

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  25. kurt

    you take the subway? ha proletariat!

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  26. kurt

    no but seriously where can I find out this shit about the student loans cuz I got a bunch of them and I would love it if the fed can help me out.

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  27. The Fly

    Have you ever endured driving into NYC?

    I didn’t think so.

    The only alternative is helicopter.

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  28. kurt

    Nope I take the $1.25 Spanish Bus across the GWB every day. Driving in is slow suicide and the hole of hell.

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  29. ottnott

    The DOW was just at 12,999.99

    Everyone knows that a price like that is full retail. I’m waiting for the markdowns.

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  30. kd

    Fly,
    When you said mvis will do $30 to $40 mil in 2009 and $100 mil in 2010, did you mean revenue or profits?
    thanks.

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  31. Big Mike

    Hmm…even Dougie Kass is bullish on Citigroup…What the fuck!?

    Here’s the dealio…I think the XHB looks solid here(major consolidation going on)…I will buy some on the dip as a short-term trade.

    Anybody thinking to go long…I think it might be too late; wait for a pullback and buy on the dip. We rallied 1300+ in like a month.

    One caveat, volume was light through this upside, and the VIX is damn near obliterated… Around 18 is the beginning of the credit crisis support…

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  32. hattery

    I’m very overweight in energy right now.
    2055 is when oil goes dry? I wonder when the “peak” of oil production will in fact be. So much speculation ranging from now until 2050.
    Right now I like short GM and F against long the more fuel effecient TM, long RIG, long Bakken names like EOG, holding all of the dividend payers that I own with the house’s money, long providers like BEXP, CAM, DWSN, etc, and I’m starting to look at long DUG as a hedge.

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  33. ottnott

    Think, kd. If those dollar amounts were earnings, do you think Fly would bother looking for a lower entry point?

    You ask a lot of questions about MVIS, and Fly has been very patient. I don’t think it is too much to ask you to do something as simple as look up shares outstanding, do some division, and interpret the result.

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  34. kd

    ottnott,
    I did and they are differnt from what I came up with based on what AT said on mar 08 CC. Just wanted to clarify if he heard something different from other sources.
    So, go fuck yourself and go back to you regularly scheduled brown noseing.
    kd.

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  35. Uncle Sam

    Big Mike,

    What credit crisis?

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  36. brushbuck

    aaaaaaaaaaaaayeah, what kd says. Mr. ottnot, you were unnecessarily rude, which earned you an immediate negative karma dealy.

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  37. larry

    Alias: BPOE

    This FED is fucking with the numbers. An average trader can see how they did it. What the fuck. Are they trying to get traders to trade with the Fed lies. They have the balls to talk about China.

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