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
21,907 Blog Posts

Watch Me Roll On Your Face

I’m in this big wheeled monster truck, with spikes and missiles on it, while you’re over there in your bullshit pleather chair from Ikea, looking at charts with your magnifying glass and fucking ruler.

I’m buying [[FXP]], like a drunken stock broker. And, I am selling short the shares of [[VMC]], as if the company was going out of business.

It’s Friday. Relax, drink a few shots of Patron, then short some stocks.

On a side note, [[MS]] keeps chugging higher, alongside a number of queered out banks. The fuckers who are buying bank stocks, must be wearing pink dresses and dislike sports. I can’t figure out why anyone with a modicum of intelligence would buy banks, after they have sprinted 50%.

Look you, of course the banks have bottomed, from where they were. It doesn’t take a Phd in economics to figure that out. However, you have to ask yourself, are they good buys now—after such a big run up?

With regards to [[SKF]]:

That bedeviled inverse ETF is down like 80 bucks in one month, since hitting its egregious high. What, do you think it’s going back to $90? What the fuck are you smoking?

Bottom line: the economy is not in recovery mode. As a matter of fact, it is deteriorating. Upside on SKF is 100 points, with downside of 25. I like those odds.

UPDATE: iBC’s new tabbed blogger has arrived. Welcome Gio, the Hawaii Trader.

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

26 comments

  1. Sir Douchebag

    You really don’t know what the fuck you’re talking about, do you?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. The Fly

    I know eggsactly [sic] what I’m talking about. Do you?

    If so, let er rip.

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

    Fuck the banks and their usury ways!!

    http://www.reuters.com/article/marketsNews/idINN3136334120080801?rpc=44

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. big snacks

    fly..

    do you really think its that easy?.. horrible economy=stocks go lower.

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

    Snacks:

    Yes.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. hi,

    my name is big snacks and i have an iq of 27

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. bpoe

    With this volitivity the market is Hedging against itself. This will soon turn 1/2 or more of the traders into dumb fucks. Fuck You Mother Market I bought FXP at the open today!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Small snacks

    I’m the more calorie-efficient program.

    __

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. TraderCaddy

    WB is flying. Any bets that there will be a positive story in Barrons over the weekend?
    One can buy a Honda Civic for close to the same amount of $$ as that smart car, get as good mileage, and one would have a better chance of not losing your life in an accident.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. jeff

    Anybody know anything about FRO?

    http://finance.yahoo.com/q?s=FRO

    17% div.

    wtf?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Jakegint

    Shipper.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Woodshedder

    Fly, I can’t help but think that both of your posts have targeted me. I will not stand for this. You hear me, I will not stand for this!

    Revenge pending…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Scum Bucket Bitchez
    Scum Bucket Bitchez

    while you’re over there in your bullshit pleather chair from Ikea, looking at charts with your magnifying glass and fucking ruler…

    Good one Fly. That’s funny as hell, because that’s eggsackly what I was doing a few of nights ago for shits and giggles. However, it was a bearshit vinyl chair. Other than that, you nailed it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Woodshedder

    Scum, it wasn’t a yahoo chart, was it? πŸ˜‰

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Jakegint

    MOS through it’s supporting trend line at $122.15. Near term oversold somewhat, but next stop is $118, IMHO.

    ___

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Woodshedder

    Scum, big charts is my favorite.

    I just don’t use them in my posts because they are harder to annotate and they don’t let me adjust the period setting of the RSI.

    Hahaha….now that’s a good chart…

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

    i love that the banks are now going to take small payments from the monolines, in exchange for canceling the policy.

    of course they are, since the US govt has taken on the fucking policy!

    united states of china.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Seriously Wood, I am not a chart guy in the least. That said, I always look at the chart to see where something has been, not necessarily where it is going. My gut tells me all I need to know, even though I do a fair amount of research each day too. For me it is fun, I certainly don’t play with the amounts some do, but what little I have I treat carefully.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Granpa

    I hope they keep playing that Cramer clip all through August because I just haven’t seen it enough fucking times yet.
    I can only dream that Erin cold cocks that mother fucker for the embarrassment that he is.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Woodshedder

    Scum, Ducati used to have saying that would annoy the piss out of me, but now I’ve sort of taken it on as my mantra.

    First, figure out how not too lose money.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Woodshedder

    Scum, Ducati used to have saying that would annoy the piss out of me, but now I’ve sort of taken it on as my mantra.

    First, figure out how not to lose money.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Scum Bucket Bitchez
    Scum Bucket Bitchez

    I mostly like to give Fly a hard time. He’s is one of me, arrogant, antisocial, outspoken. He’s blocked me dozen times, but I keep coming back for who knows what reason. Needless to say, I dish it out as good as I get. πŸ˜›

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Danny

    thats my skf argument in a nutshell right there.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. aggiealum

    Fly,

    Go with the Don Julio…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Jakegint

    Time to short RIG again.

    So solly.

    ___

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