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
21,395 Blog Posts

Market Clown Fucked in Early, Mid and Late Trading

“The Fly” was out all day, attending the most egregious event known to mankind. I didn’t even get to laugh at you fucktards, who are long equities.

Did you notice my wins?

I bet you did.

A special thanks to Option Addict for filling in. Aside from me, he is an excellent blogger and investor. All of you should all visit his site daily.

I noticed the iBC server was down today. From what I discerned, Vincenzo had nothing to do with today’s outage. He is no longer permitted to have gravy in the cold room. From what I could tell, the internet itself was protesting “The Fly’s” unannounced absence and decided to throw iBC the fuck offline.

Plus anyway, the internet does not like Woodshedder.

I haven’t had a chance to review today’s tape. However, my initial opinion is grim.

We’re hitting new mother fucking lows, despite the famous Vince “Asshat” Farrell bottom call, sponsored by CNBC and Thestreet.com.

More later.

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20 comments

  1. alphadawgg

    Don’t tell me….you attended a fashion show and everybody showed up wearing Uggs, except you.

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  2. gappingandyapping
    gappingandyapping

    Fly you need some consulting from me on your internet problems? Let me know if you do.

    I did notice your egregious amount of wins today and think its gay that you win so much. REW was a major winner for you today but what wasn’t other than FTK and RIG, odd since oil was up.

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  3. Dogwood

    …the most egregious event known to mankind

    Who gets married on a Thursday? Oddest thing I’ve ever heard.

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  4. Stocks Are For Asshats
    Stocks Are For Asshats

    Note my name.

    And if you don’t believe me, take it from Bloomberg, where the top story is:

    “U.S. Stocks Tumble, Sending Dow to Worst June Since Depression”

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aBzD.V1iluuA&refer=home

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  5. Cramer

    This is particularly egregiously an egregious post.
    Egregious is my new favorite word. I will poison the word with my constant egregious misuses of it, until you egregiously stop calling me an asshat…
    speaking of asshats, I wanted to get CNBC to allow me rename wall of shame to “asshat of shame”.

    BOOYAH!

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  6. Juice

    What is particularly egregious is this 1st tier blog using a 3rd tier server.

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  7. Aris

    i love watching kneale have a complete meltdown on national tv. if we crater again tomorrow, i bet he pulls a knife on somebody.

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  8. lol

    lol, Aris, I decided to not watch CNBC today, I fucking missed it, sounds hilarious though, anyone got a clip of it somewhere?

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  9. Juice

    from Fleck:

    By midday, the Dow and S&P were lower by better than 2%, with the Nasdaq 3% lower. All that, as GM traded to the lowest price in roughly 53 years. About that time, I received a phone call from the Lord of the Dark Matter, who began the conversation: “It’s about to blow!” He then repeated himself.
    He went on to say that behind the scenes, many parts of the credit/mortgage market were “offered only.” He said it had nothing to do with month-end or quarter-end. Instead, he believed it had to do with the enormous amount of inventory that would be looking for a home in the next quarter. He believed that the equity market was “miles behind what was occurring in the mortgage-backed/credit markets.” Though he noted that he’d said it before, he repeated: “It’s never been this bad.” That, combined with what I’ve seen on the equity screens, caused me to believe that today could be quite ugly, and I continued to press shorts.

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  10. Asia down – oil holding above $139 – wasn’t really big volume and VIX today – strange – I am worried about getting faked out tomorrow – like down over a 100 points on the open and then back up a hundred – then what? We await “The Fly” with his late night thoughts…………

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  11. calvino

    Long equities? Who the fuck do you think you are talking to fucker? You know better. I hope you noticed the calls on the casino calls coming in, as well as that house of filth Rick’s. As well as the suppurating sewer knows as Bidu. I am still smarting from the cow stampede on MOS and POT. Those sewer trouts reversed themselves at 2 so I covered and prepeate for some more crap to be pulled to save the day. Tomorrow the PPT will be out. Sold USO at the end of the day and the gbp to buy usd. They have to get on top of the oil or else.. waiting for cftc to raise margins tomorrow and ICE to get raided by Atlanta FBI. Oh yea, CRM.. looks like FIDO and that ratsnout Bill Miller getting redemptions and can’t keep up the pump. That Bill MIller is a rat with a ratsnout is only a personal opinion and not a libelous statement of fact. How’s that Yahoo long, Bill?

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  12. Danny

    juice, don’t hold your breath about the servers.

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  13. Danny

    sorry calvino, meant to give you positive karma, but pressed neg

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  14. wyatt

    ooops, me too, calvino. sorry.

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  15. Donny

    Today was a great day!

    PermaIdiots were skull fucked all day long!

    “And my orders are to weed out all non hackers who do pack the gear to serve in my beloved CORP”

    http://www.youtube.com/watch?v=C1zGjiqV5cE

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  16. BOOMER

    KBH announces pre market. Interesting AH action tonight, erasing today’s losses:

    KB HOME
    (NYSE: KBH)

    After Hours: 19.19 Up 1.06 (5.85%)

    Last Trade: 18.13
    Trade Time: 4:01PM ET
    Change: Down 1.06 (5.52%)

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  17. three oh eight

    Citi out pretty positive on Gold tonight:
    small excerpt:
    Secular and seasonal factors favor Gold in 2H/08 — We remain positive on Gold,
    based on macro and supply/demand factors. The forces that have propelled Gold
    for 5 years are firmly in-place. We see Gold as well-positioned heading into
    Autumn, when fabrication tends to tighten the market. Gold is likely to regain
    $1,000/oz by end-08 and to work higher through 2009-10. Longer term, we
    believe Gold is capable of doubling or tripling from current levels.

     Favorite names — Buy-rated Golds are Barrick, Peter Hambro, Lihir, and
    Newmont. Yet, 2Q likely muted due to flat Gold amid energy/input escalation.

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  18. Aris

    lol @ calvino – i know somebody that works for CRM. it’s like a fucking cult there, and everyone is definitely drinking the kool aid.

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  19. DEVILDOG

    SHORT SMN!!

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  20. Molecool

    Vince “Asshat” Farrell – precious – LOL 🙂

    What a day today – beautiful. Hoping for a repeat performance in the coming days. We might get a slight upswing before the 4th of July weekend, but after that it’s going to be pacman time with longs lining up in the isles.

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