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
23,431 Blog Posts

Time to Get Fancy

“The Fly” will no longer tolerate rubes visiting his Godly site. As you already know, a strict dress code (suit and tie, regardless of gender) is mandatory when visiting this site. Now, in accordance with the basic laws of decency, I demand that you wear white gloves, while commenting on one of my posts.

However, should you ever get the notion or the inclination to post crap on Wood’s, Alpha’s, RC’s, Gio’s, Adam’s or Danny’s blog, feel free to rub bbq sauce on your keyboard before doing so.

As you can see by today’s tape, the stock Gods insist on “The Fly” blogging the internet into submission, via the gift of lower bank stocks. As a point in fact, viz, my average cost in [[SKF]] is a touch under $120, effectively putting me in striking distance to nuclear bomb most of you “blog God” haters.

In all my years managing money, I’ve never been more convinced of the future direction of an individual equity price, more than Vulcan Materials Company [[VMC]] . I protest the current quoted price of VMC, vehemently, with all my might and muster. As a matter of fact, I protest the closing price of this most egregiously run company, dating back 30 days.

If you’re wondering what runs this market, I will tell you. It’s not desire for money or overabundance of greed. It’s cowardice.

Cowards are all around us, infecting the political, social and banking bodies. Everyone is just so scared to lose money or power. They are so scared; they make decisions fit for a mouse.

Do not be a coward, sell short your favorite bank stocks and go punch a goat in the nose.

More on this later.

NOTE: The beginning of the end for ‘global growth stories’ as begun, as evidenced by McDermott International [[MDR]] , Fluor Corporation (NEW) [[FLR]] and Foster Wheeler Ltd. [[FWLT]] . Look for Jacobs Engineering Group Inc. [[JEC]] , ABB Ltd (ADR) [[ABB]] and Terex Corporation [[TEX]] to eventually follow.

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29 comments

  1. Kiwin

    Sopn of a bitvch, I cannmot ty[pe wiuth myt whjite wintre gl;oves./

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  2. student_of_the_trade
    student_of_the_trade

    Hey Mr. Fly…..as I always say before asking…..I am a fan of yours, truly….and I just want to continue to learn.

    That said….what’s your % gain year to date at mark to market value right now?

    CHEERS!

    D

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  3. The Fly

    Student

    Shut up.

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  4. boca

    Will black satin opera length (to the elbow) gloves be ok? thank you.

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  5. Scum Bucket Bitchez
    Scum Bucket Bitchez

    SKF has the time decay half life of a gnat’s ass. Radioactive neutronium self destruct mechanism activated. Have a nice day!

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  6. The Fly

    Scum:

    You have the IQ of a Southerner.

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  7. DSB

    Oil not falling despite Georgia + the stock market hanging in there with $112.xx oil = resistance to the fuckery

    DIG looks really good right now, no?

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  8. Michelle B

    Damg, I refuse to dress up like Annie Hall. However, I will don white gloves, but nothing else (at least during the summertime).

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  9. Gwar

    The murder spree on the banks will begin shortly.

    P.S. I left my top hat and suit jacket on today. I’ve even got my favorite cuff links on

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  10. boca

    wow Michelle 🙂

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  11. CubsRock

    This VMC crap smells alot like RIG… However, the Chart agrees with you this time.

    It may be time to take GD off the table also, triple top.

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  12. TraderCaddy

    I think it’s safe to tip toe as a daytrade in the gold stocks (GDX-gold stock etf) as gold itself is getting hammered again but the gold stocks have stopped going down. It’s a sign.
    (typed wearing a Footjoy golf glove)

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  13. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Scum:

    You have the IQ of a Southerner.

    Thanks! Beats the hell out of being a butt sniffing yankee. 😛

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  14. The Fly

    Cubs:

    If so, then my timing will be impeccable, since I sold RIG before the drop (there seems to be some misinformation about my RIG actions).

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  15. buylo

    Fly, what do you think? If we wear white gloves and bow ties like the bank tellers used to, will the banks bounce or plunge?

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  16. Thom BrownThumb

    The bottom was in weeks ago, idiots. I may have owned 5% of Indymac as late as November of last year ($86MM position), and I may be on record recommending First Marblehead FMD on 11/30/07 when it was $30.01/share, calling it a “20% Grower” ($2.96 now). That being said, I was such a stud in the 1980’s that I nailed “Spitzer Quality” whores – excusing me from the last 18 months.

    Like I said, the bottom has been in for weeks, idiots.

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  17. Ferrari321

    michelle B is hot — and does crap count as a swear word?

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  18. The Fly

    Crap is not a swear word.

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  19. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Neither is piss. Feel free.

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  20. Sharp Dressed Man
    Sharp Dressed Man

    Top Coat, top hat
    I don’t worry ’cause my wallets fat.

    Black shades
    White gloves
    Lookin’ sharp and lookin’ for love

    They come runnin’ just as fast as they can
    Coz every girl crazy ’bout a sharp dressed man.

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  21. ZenProfit

    Damn: Forget to send Michelle B a B-Day card:

    http://en.wikipedia.org/wiki/Michelle_Barrett

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  22. Woodshedder

    Fly, careful with that talk.

    Do latex gloves count?

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  23. Donny

    The bears continue to skull fuck Oil PermaBulls, and the fucking ain’t over yet!

    The oil $150 crowd were simply participating in another fucking bubble … that isn’t to say oil ain’t going to $150+ in the future, but not at this juncture in the game. No fucking way.

    The surplus of idiots out there declaring a bottom in this market, are wrong once again. The entire economy is going straight down the shit hole. You can’t pile 10+ years of foolish (ass-hatter-y) credit expansion, and then pull out Merlin, or the PPT, to make it disappear in 1 year. No fucking way.

    Lower highs, meet lower lows.

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  24. Gio

    Latex gloves? … haha! What are you gonna do shed? make us cough?

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  25. ZenProfit

    Donny:

    Art Cashen said this a.m. the “Final Capitulation” has now been postponed until the fall. When it happens, then he wants to be a buyer. The July bottom is not The Bottom.

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  26. Butt Nugget

    I will not name names, but I’ve seen some of the regulars on this site using flash photography. I’ll admit to taking pictures here every now and then, but I respect the rules and leave the flash off while I’m on this Godly blog.

    We need somebody to enforce the ‘Do not feed the animals’ policy in this joint too.

    Respectfully,
    Butt Nugget

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  27. Dinosaur Trader

    Are we allowed to curse here?

    Fuck. Testing… Fuck.

    Meanwhile, I think it would be simple to have this site generate more revenue. What you need is a hot female blogger (Rajun doesn’t count).

    -DT

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  28. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Are we allowed to curse here?

    I don’t know, let’s find out.

    Fuck, fuck, fuckedy fuck.

    Testing, testing.

    Fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard fucktard.

    Yep, guess so.

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  29. Donny

    ZP

    I don’t know if it’s going to bottom this year. There’s so much unrealized fuckery drifting around in our economy, we simply don’t know. Why should anyone trust another bottom caller, after all, the dumb fuck CEO’s don’t even understand their own balance sheets … they keep saying things are getting better, yet the evidence shows otherwise.

    I will say this; I think “Mr. Market” has been vastly wrong about all this bullshit since it started last year. I don’t think all the financial bullshit is currently priced into this market. Right now the market is reacting like everything is okay, and we’ve seen the worst, yet nothing could be further from the truth.

    Fuckfaces that buy and hold stocks thinking we’ve bottomed, will be disappointed yet again.

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