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
23,419 Blog Posts

Stupid is Getting Blown Out

To hell with SIX. Is CNBC out of their cotton picking minds, having the asshole from SIX on their show?

Mostly everything is being taken to the woodshed, as the “WOODSHEDDER TOP” settles in and becomes known. Keep in mind, “The Fly” is banking coin with flawless proficiency.

There are some pockets of strength, like QCOM, BUD, FMX, ZEUS and CHU. However, for the most part, stocks are getting “mushroom clouded,” with extreme vigor.

Even with oil north of $130, energy stocks are unable to rally, due to mass liquidations. The few that are up, are degenerate OTB plays, such as LNG, GGR, IVAN, MXC and BPG.

Now, if you’re into going against the herd, now is the time to get long financials, since it makes no sense. If I had to pick one, I would buy LAZ, BAP or GS (I realize that was more than one. Fuck you for noticing).

RIG is getting into oversold territory. If that fucker prints $145, I am in with both hands.

Bottom line: The market is going down, because it is supposed to. The Guy Adami’s of the world have been out of control stupid, over the past two months, buying bullshit in a bad economic environment. My guess, before the end of summer, the market will break new lows and proceed to enrich “The Fly” with massive amounts of coin.

Top Pick: Short FED

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24 comments

  1. Woodshedder

    Fly, I’m being nice to you today because its your birthday. Look out tomorrow.

    By the way, I still have shorts on. That strategy is only 12.5% of my capital, right now.

    How ’bout a late day rally?

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  2. buylo

    Coin is not good Fly, you gots to go with the Euros!

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  3. Jim Rogers

    I shorted my wife today.

    I will cover when oil gets to 3000 and the 10 year is pushing 10.83%

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  4. Aristotle

    Fly, I now realize that you are a fucking genius!

    Happy birthday!!!

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  5. #8

    States (Ohio) are starting to implement laws against usery once again … we use to have those but Reagan or Bush must have gotten rid of them to enrich the banks and fuck the consumer after the S&L debacle. That said, CSH is just holding its’ 200 but looks like a good short once she breaks.

    PS: Happy B-day to The Fly and Happy M-day to the rest of you interneters [sic]!

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  6. mrkcbill

    Fly put a picture of the tan man up today. Should be good for another quick 5% in the skiffles.

    Also how bout a good story before the weekend fucker. Happy Birthday!

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  7. Woodshedder

    Fuck you negative karma fuckers.

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  8. Danny

    happy birthday you benevolent bastard. Punch someone old in the throat for me.

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  9. The Fly

    For my birthday, give Woodshedder large quantities of negative karma.

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  10. mrkcbill

    And to think someone thought Fly was “FAKE”

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  11. Woodshedder

    lol…

    You gonna stop by my blog and tell your wife how much you care about her?

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  12. ZenProfit

    Happy Birthday Mr. Fly.

    http://www.youtube.com/watch?v=w3IzpazVl-I

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  13. BOOMER

    Fly, did you see the HURC miss? Didn’t you say that was once a large holding of yours?

    http://www.reuters.com/article/marketsNews/idINBNG31030820080523?rpc=44

    I’m in all cash.

    Can anyone offer advice on stops? I am setting them too tight and taking “death by a thousand cuts” losses. Is there a rule of thumb that works?

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  14. You

    Fuck You Woodshedder, you’re gay, and dead.

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  15. CubsRock

    Enjoy your weekend Fly, don’t do anything Woodshedder would 😛

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  16. Woodshedder

    You: Fuck you….get it? Fuck you…lol

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  17. Mushroomz

    Anyone have any thoughts on Gold, the dollar, etc? Its not like gold stock are going to go down when gold skyrockets like oil, or is it.

    I feel like some sort of event, good or bad, will happen this weekend, that will greatly affect oil prices up or down. USO straddle time!!?

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  18. JakeGint

    Commie #8 (which one was that? Trotsky?) —

    Don’t ever take the name of Ronald Reagan in vain again, economic subliterate.

    Guess who doesn’t respect usury laws?

    ________________

    Teaching economics to socialists is like teaching a pig to dance, all you get is frustrated and a pissed off pig.

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  19. JakeGint

    Shroomz,

    Gold will likely go back to old highs (10-fitties), back off there, consolidate one more time around the 9 fitty area**, and then, watch out Nellie, because King Midas is coming home with six tabs o’ Viagra!

    ______________

    ** Get very long here.

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  20. The Fly

    I sold HURC two years ago.

    Let them burn.

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  21. You

    Woodshedder: Don’t try to fuck me, fag.

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  22. Woodshedder

    Oh? I’m sorry. “You” came across just like every pussy I’ve known…

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  23. Danny

    ^SHED I AM PROUD!

    That was a fucking awesome

    ZING!

    . I didn’t know you had it like that.

    Also, jake, “Teaching economics to socialists is like teaching a pig to dance, all you get is frustrated and a pissed off pig.” that is fucking hilarious.

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  24. PharmPhucker

    Happy Birthday Mr. Fly – you old phuck. I’m fed-x-ing your presents:

    1. Superglue – so your old asshat pecker doesn’t fall off.
    2. An ear of corn – the shit is worth more than a bar of gold.
    3. A pig – Every Chinese phucker on earth will be envious.
    4. A cup of wheat – it’ll buy you GOOG, MSFT and AAPL … the whole phucking companies.
    5. A Hungarian Chicken – Steve Ballmer’s favorite farm animal.
    6. A John Deere Tractor – Drive that big phucker down Wall Street and mow down every old phuck trader too fat to get the hell out of the way.
    7. A sheep – the whore’ll lick your balls and make you smile.
    8. A vault the size of Bill Clinton’s “eye poked her” list – to store your ego if you ever decide to give that giant phuck a rest.

    But don’t count on getting any of this shit. There’s no oil left. George Asswipe Bush stored it all in the SPR on his ranch.

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