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
21,506 Blog Posts

Keep An Eye on LEH

That piss o’ shit is getting flushed and the market is ignoring it. Actually, the market is acting like a scared kid, putting his hands over his eyes, in order to avoid seeing the horror.

I have no position in [[LEH]]. However, if I had to bet, I’d say that fucker is going out of business.

[[PZN]] is almost single digits. Frankly, I do not think that firm deserves to stay in business. They lost 28% of their assets under management last quarter!

And, many of the other brokers are “doing the Lehman,’ via diving daily. From [[SUSQ]] to [[MER]], they all blow.

I see some of you think your bullshit Honda Accord is in fact a time machine, via selling short my [[RIG]]. Go ahead, have a ball. Just know, betting against “The Fly” is illegal in 32 states and punishable by lethal injection or electric chair.

Gold looks sweet here. [[DGP]] gets it done.

And, Finally, [[JEC]] is rallying today off of SGR‘s numbers. To hell with both of them. I want to sell JEC right here, right now.

Top pick: short [[CAT]], short JEC

NOTE: Aside from LEH, keep an eye on [[FNM]], [[FRE]], [[FCSX]], [[NLY]], [[CMO]], [[MFA]] and [[MTG]] too. No way the market can hold up with all this shit floating around.

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52 comments

  1. Dave

    Bess at DealBreaker.com reported that there’s a rumor about PIMCO allegedly withdrawing their business from Lehman.

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  2. Gemini

    I think we need to add “Through the Floor Thursday” to “Turnaround Tuesday” to the market lexicon.

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  3. SatanicChihuahua
    SatanicChihuahua

    With FRE and FNM credit spreads blowing out, LEH better have effective hedges that are performing well, cuz I’d assume the long side of their book is getting crushed.

    Agency REITs like CMO and NLY are taking it up the poop shoot, too.

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  4. DSB

    Jesse Jackson is gonna cut LEH’s nuts off.

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  5. pay attention

    SMN really sucks!! Whoever thought up this piece of crap!!

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  6. The Fly

    Careful with the rumors. The regulators will be coming to your bullshit house.

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  7. Mad Max

    Resolution Trust Corp or something eerily similar coming to a PPT near you.

    As much as we never learn, we never learn.

    Yes ANONYMOUS, WE IS THE OPERATIVE WORD FUCKFACE.

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  8. Juice

    fwiw – I met a former investment banker fm PJC (Piper Jaffray). He considers it a short. While they don’t have hedging risk or reward like LEH, BSC, GS … they also have no IPO pipeline for the foreseeable future & this is the time of year when they get things lined up in the pipe.

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  9. Jakegint

    Go ahead, have a ball. Just know, betting against “The Fly” is illegal in 32 states and punishable by lethal injection or electric chair.

    I am currently hanging lose (sic) in South Carolina, where it’s not only not illegal to bet against the Fly, but there are state subsidies in place to do so.

    Something about you making fun of crackers, once, or something like that?

    Anyhoo, I just picked up a bunch of “Anti-Fly” scratch-offs at the last “Fireworks & Peaches” roadside stand I stopped at this morning.

    They use a nice picture of you, at least.

    ___

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  10. Jakegint

    Juice… true dat. There’s a reason US Bank spun that Minnesota shit off.

    Also, I just heard from a buddy at Broadview– a tech-centric public deal oriented firm in SF. I didn’t realize they’d been bought by Jeffries.

    IOW, another “short to $5” play.

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  11. calvino

    Had to open up your mouth about it didn’t you? Who the fuck do you think KIller Hankwas talking about MOnday with the bullshit orderly disposition of major firms pep talk. And then the bros blow out fannie and freddie out of the water with an insolvency call. That’s to throw the bloodhounds off the trail. Then the fake rally, to let friends and family get out. But yes, you put the pieces together, why not.

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  12. Can of Corn Humper
    Can of Corn Humper

    “piss o’ shit”?

    Interesting phrase. Unlikely to ever be added to Webster’s, though.

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  13. calvino

    Speak Ron, preach brother!!!

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  14. Donny

    Ron Paul, telling the face of the PPT to stick it fuckers!

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  15. calvino

    Jakey, Crackers live in Georgia. Wrong Confederate.

    Well I’ll be darned. Denninger is here!!

    update.. WYNN doing a secondary in HOng Kong. NOw that’s a strong fucking ipo market now. Smacking of a n urgent need of liquidity.

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  16. Jakegint

    Calvin — Georgia is one of the “remaining twelve eighteen states” as well (most located within the Southeast).

    I believe the lobbyists have called the bill “Woodshedder’s Law.”

    ____

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  17. boca

    Crackers originated in Florida (not that it matters). Now I want boiled peanuts in the shell spiked with hot sauce.

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  18. Jakegint

    Another one for the “Dem or Rep, what does it matter?” File:

    Pure comedy gold. Check out the people on her side trying to hide their mirth.

    She’ll be re-elected with 90% of the vote. You go girl.

    _

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  19. BOOMER

    Re: SGR

    Guess who makes explosively clad metals for SGR? Hmmm? Anyone? Bueler?

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  20. chivasontherocks
    chivasontherocks

    http://www.rallymonkey.com/video/kenindex.swf

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  21. Mad Max

    ^^^ That woman should stick to growing cabbage. Epic find Jake!

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  22. BOOMER

    SOCIALIZING?! Frickin’ idiot.

    She could only have gaffed worse if she said communizing or stalinizing… good lord.

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  23. DSB

    Chivas, put your monkey away.

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  24. chivasontherocks
    chivasontherocks

    dont think so

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  25. BOOMER

    “^^^ That woman should stick to growing watermelon. Epic find Jake!”

    Criticize her fucked up politics, her bad suit, her bizzaro glasses, whetever…

    But fucking watermelon?

    Fuck you. That shit does not fly with me.

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  26. Mad Max

    Ok, I changed it to cabbage.

    Sorry I hurt your feelings, Boomer.

    You need to get a thicker skin though man.

    Wall Street and Main Street will rip the face off weak pussies.

    ps: I will submit that that woman is a fucking derelict and has NO BUSINESS IN A LEADERSHIP ROLE. It just goes to show how ignorant and uneducated her constituents are.

    Flame Away bitches

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  27. The Kingfish

    De fantabuhlus congreshimest lady from de great state of Stockton obviousmently meant to say she be all about, “Martinizing.”

    Good affuhnoon, ofays.

    Dat is all.

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  28. SatanicChihuahua
    SatanicChihuahua

    BYD looks to be racing to $0. Highly levered, contracting EBITDA, and part way through construction of Echelon, a $5 billion super luxury megaplex.

    Something tells me the banks are going to be pretty cranky if BYD violates covenants.

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  29. President George Herbert Walker Bush
    President George Herbert Walker Bush

    I had no discomportment scrutinisizing the meaning of her oral arguementations.

    What I have trouble cyphering out is why Condi seemed so angry with those gentlemints.

    Hail to me, everybody!

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  30. Crude Broker

    All this watermelon talk is making me hungry, this will make your day…

    http://youtube.com/watch?v=2-eitsutpOc

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  31. Juice

    SRS down on oil money buying the chrsyler building … sure, petro$$$ will prop up mall vacancies fm SBUX & the like

    lotsa talk about the put/call creeping over 1 … some calling it a buy 4 a trade signal if it closes there. Just know what the herd is thinking.

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  32. CubsRock

    Can anyone see the news getting worse than it is the past week? Sure unemployment will creep up and oil can surge.

    All I can remember is the day everyone thought CFC was going bankrupt and the market rallied to that news.

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  33. boca

    All bigots need to go fuck themselves. (that’s the first time I’ve ever told anybody to do that on a message board.) WTF makes you think everybody here and all their family is 100 percent white? Find a cucumber, sit on it, and spin.

    I like you Boomer.

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  34. BOOMER

    “Ok, I changed it to cabbage.”

    You knew the insinuation of your word choice.

    “Sorry I hurt your feelings, Boomer. You need to get a thicker skin though man.”

    For me, it is a matter of faith and justice. I reject the underlying assumption. If you write me, I will give you a couple of books by people who changed my world view on this matter. boom blog at gmail dot com.

    “ps: I will submit that that woman is a fucking derelict and has NO BUSINESS IN A LEADERSHIP ROLE.”

    No argument there.

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  35. I like Turtles

    I like Watermelon

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  36. DSB

    Chivas put your fuckin monkey away already

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  37. nullpointer

    the funny thing is, he responds to someone calling him on his racist bullshit to having a “thin skin” and being a “pussy”

    thankfully, these people are getting smaller in numbers, and will all eventually die, taking their “intellect” with them

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  38. mrkcbill

    I say tankage today after the martini’s at lunch!

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  39. boca

    OK, I apologize for swearing now that I’ve calmed down.

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  40. chivasontherocks
    chivasontherocks

    dsb

    take a prozac and go fuck yourself.

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  41. alphadawgg

    I like it when women talk dirty.

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  42. Danny

    me too.

    But since you’re talking about boca, I don’t want to make her uncomfortable by discussing her apparent milf status in front of all these lurkers.

    oops.

    don’t blame me, it’s the dengue.

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  43. boca

    HAHAHA I love you guys, you know that.

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  44. alphadawgg

    One of my wife’s girlfriends once asked me what a MILF was. I just smiled and said, I wasn’t exactly sure, but I thought she might be one.

    Despite her prodding, I never revealed the obvious truth to her 🙂

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  45. boca

    You’re sly Alpha hah. I didn’t know what one was until I watched Weeds on Showtime a couple of years ago and Snoop guest starred singing a song about Milf Weed. I had to look it up on the internets.

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  46. alphadawgg

    boca, since you like hanging out with us, I get the sense that maybe you have some brothers and hung around with their buddies when you were younger. I don’t mean to pry, but how’s my intuition?

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  47. Danny

    haha.

    AD just give her a copy of American Pie.

    Interestingly enough, it was while I was watching that very film, in the theatre, that I got my first bj ever. Of course that has never happened in a movie theatre since.

    ridiculous.

    that story about milf weed was funny, I had to look it up.

    (sadly, much to my chagrin, I don’t get showtime, so I don’t watch weeds that often).

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  48. Mad Max

    I’m not here to make friends.

    I’m here to make money.

    I don’t need listen to anybody’s bullshit tips to make money in the markets.

    However, I believe deeply critical thinking is necessary to be successful at trading and/or investing.

    I also believe one needs to have a thick skin, good sense of humor, and not take themselves or others too seriously to succeed in life.

    Some here take themselves waaaaay to seriously.

    People who take themselves too seriously are gay.

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  49. alphadawgg

    Danny,
    Should I assume that you were sitting waay in the back, or were you and your girlfriend exhibitionists?

    “Of course that has never happened in a movie theatre since.”

    Sounds like you need a new girlfriend.

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  50. Danny

    AD – you astute SOB, every one of those assumptions is correct.

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  51. boca

    I came from a large family, 4 boys, 4 girls. Yep, I was a tomboy Alpha, very good guess.

    See y’all tomorrow.

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  52. Cramer


    I’m not here to make friends.

    I’m here to make money.

    excellent, one of my disciples!

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