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
22,140 Blog Posts

Laugh at the Rally

Do not trade the rally, laugh at it. Remember, the Fed is bailing themselves out, via supporting [[FNM]] and [[FRE]]. They (the Fed) are now in possession of 100’s of billions of dollars worth of GSE’s, thanks to their retarded shit for treasury ‘lending facility’ with the investment banks. So, by putting a backstop on the GSE’s, the Fed, essentially, is supporting their new/fucktarded holdings.

The fact that Paulson refused to elaborate on how much this “bailout” of Fannie/Freddie will cost speaks volumes. It is likely to cost American tax payers 100’s of billions.

With my money, I might nibble at some shorts here or buy some more [[FXP]]. However, beware of a sharp rally, led by gay men in florescent jumpsuits, calling another “bottom.”

A bunch of homo bottom lovers, they are.

Once again, just to reiterate logic and reason: [[RIG]] goes higher and so does gold. My favorite way to play gold is [[DGP]]. If you really, really hate the dollar, long [[DGP]] and long [[UDN]] is for you.

If you enjoy the content at iBankCoin, please follow us on Twitter

8 comments

  1. nullpointer

    funny, nobody seemed concerned when one of my holdings was on REG SHO for a year

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Carter Worth

    I am outing myself.

    I am the real fly.

    I own a ruler company and carry at least 16 rulers with me all time.

    slim shady -OUT!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Gandalf

    Poof! There goes your bullshit Lehman rally.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Carter Rules

    !!!!!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. The USofA

    I’m having an identity crisis exacerbated by fiscal irresponsibility, not to mention manic evil short sellers.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Aris

    i can’t wait until GS trades with a 90 handle.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Topper Harley

    Wow. Merlin can work his powers through that shitbox closet too??

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. bifman

    Fly,

    (If you have a minute) is your love for oil simply on the technicals? I don’t have a time machine but I don’t see how oil can hold up what with the end of the US and the end of the China/India bull run?

    • 0
    • 0
    • 0 Deem this to be "Fake News"