What’s wrong with these people? I mean, they seem to be living in a drug induced world of euphoria, where everything is priced in. Are you imbeciles even looking at American International Group, Inc. [[AIG]] and Merrill Lynch & Co., Inc. [[MER]] ? Forget about Lehman Brothers Holdings Inc. [[LEH]] and Washington Mutual, Inc. [[WM]] ; they’re already dead.
Do you think those stupid charts of yours, pointing to a “breakout” in Wells Fargo & Company [[WFC]] , will stand the test of financial Armageddon?
Just in case you didn’t know, the market is not smart. It’s as dumb as a bag of shoes. I live for these type of tapes, when people with zero market knowledge step into dung, trying to play Gordon Gekko.
Listen to me: the market is NOT going up.
Instead of looking for “possible reversals,” you should be structuring your bank accounts to fall within FDIC protection. It’s not a joke or just a theory anymore. The banks have soiled themselves and they will not be getting up.
Hey, what do I know? I’m just a guy with a 155 IQ, who drives around in a diamond encrusted time machines (spinning rims), while drinking monster energy soda from his chalice.
The dollar is getting pounded today, which helps commodities. As you know, I am heavily long [[DIG]] , [[IEO]] and Western Refining, Inc. [[WNR]] .
I like the refiners best, as a play on Hurricane Ike.
Also, Freeport-McMoRan Copper & Gold Inc. [[FCX]] is lifting off. It may be time to revisit Southern Copper Corporation (USA) [[PCU]] too.
Finally, Bill Miller is just a goat herder. That man is unqualified to manage money, regardless of his track record. If anyone from Legg Mason, Inc. [[LM]] is reading, feel free to contact “The Fly.” He will be more than happy to take over Bill Miller’s fund and help save the company!
Until then, I will be shorting LM with great vigor, and tenacity.
NOTE: The solar burritos are, officially, dead: Chipotle Mexican Grill, Inc. [[CMG]] If you enjoy the content at iBankCoin, please follow us on Twitter
The Fly, it seems, has fully recovered from a minor bout with appendectomyitis.
Who the fuck do you think you are, FLY?
We’ve got this thing under control!
Pending …
Bennet Sedacca
10:10:46 AM
No positions in stocks mentioned.
Spreads tightening in financial space…
As rumors circulate about a couple of distressed companies, spreads are come screaming tighter.
They are still wide, just not as wide.
The preferred space, however, remains sloppy to say the least.
Take this opportunity to lighten up on IEO?
while drinking monster energy soda from his chalice.
“You chose…. wisely!”
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aways shave 30 iq points off someone who touts their iq- im guessing that was ur 6th grade score anyway – glory days mofo
“Hey, what do I know? Iām just a guy with a 155 IQ, who drives around in a diamond encrusted time machines (spinning rims), while drinking monster energy soda from his chalice.”
^^^ You keep getting better mang! š ^^^
Fly you are a fucking guru!
By the way all my friends are rich too! Odd No?
gogo JRCC. it’ll break $30 soon.
Yep, by far the worst is yet to come, and we have ma and pa wannabe trader out buying FRE, FNM, LEH, WM, etc. It would be depressing, but I have gotten very jaded. I hardly bother trying to warn people anymore. Of course, it helps that I am making money here.
mark haines for president!
Not on CNBC today..Please let me know if Vince Farrel[sic] is Dollar cost Averaging into AIG today?
There are going to be shenanigans Fly. I fully expect LEH to make some sort of an announcement after hours or Sunday. Maybe Helicopter Ben & Hank will get together and decide to rescue some other entity or have that emergency rate cut that was being floated all over the place yesterday. Shenanigans are in the air and it’s headed our way…
aways shave 30 iq points off someone who touts their iq- im guessing that was ur 6th grade score anyway – glory days mofo.
Whoah. You are one brilliant analyst, I gotta hand it to you. I mean, for sure he couldn’t be working a schtick here, right Tesla?
Query: How many points shall we “shave off” for dickheads who communicate in “text-ese,” and would such shaving action ensure you the assistance of a full time social worker?
Because we’re here to help.
__
Hmmmm… “Hurricane Shennanigans.”
_
Did someone mention me?
155 romanian. what does that equal in american numbers?
Ducati998 go post something in the PG. Every time I load the page I see a pic of a dude who shit his pants š
Fly Says:
The banks have soiled themselves and they will not be getting up.
Fly stop messing with their friggen heads. It’s timing and direction with timing being the more important.
look dude
I bought a bucket load of morgan stanley at 31.5 and sold them at 42.8 in a matter a few days. Stop telling people not to go long as there’s a time and a place for this.
People don’t listen to Fly, the market is a decent discounting mechanism. What we have experienced over the past year or so is a avalanche of bad news that had to be digested as it came out… discounted
If you take a look at a chart, shorting may be ok for now in this market, but its a fucking mugs game longer term as you really get fucked over. Even the odds favor the long side over the short side. Going to zero is limited, whereas the top isn’t.
Timing folks.
“Listen to me: the market is NOT going up.”
Heeeheeeheeehee
I’m in the same boat with Mr. Ducati998. Will I get threatened if I post again?
fuck off Ducati and leave the flyster alone. At least he puts his knackers up each day. He’s a trader whereas you’re a simple douche bag.
If the financial system collapses, you are going to have a hard time calling your broker….
better load up the guns butter and gold.
I’ve already spoken to Hank and his pals this morning — they will do nothing for the fleabags over at Lehman Brothers this weekend.
They have plans to sip fine brandy, and discuss Sarah Palin around a beach fire on Long Island.
Professor Jeremy Siegel, of Drunken Walk Down Wall St., says it looks like a buy here. My bottom line is red – then green – then red – it is freakin blinking on and off. Ike looks like the real deal – predictions that Galveston Texas will be wiped off the map. I delayed filling my gas tank because I thought oil was going lower.
I have sent Bud Fox out on a secret mission. He has infiltrated Merrill Lynch, and provided me with inside information, which I will share with you in the coming weeks.
No matter whom you’re for in November, this is pure comedy gold:
__
Well folks, we’ve been burning the midnight oil “ovah heah” and I think you’ll like what we’ve put together. We’ve got a buyer. I don’t want to spill the beans, but here’s a hint:
LuLuLehman
Stay glued to your trading screens Sunday night, because the gay world of finance and the gay world of fitness apparel are never gonna be the same again.
AIG is a bit disturbing…
Does anybody know how many people walk into a bank and get talked into a fixed Annuity by the “financial advisor/salesman/shister”??????
This is ostensibly sold as a CD alternative just as safe…based on the companys ablility to pay and their credit rating.
I know personally their is TONS of AIG contracts floating around out their by ordinary folks who may not know what may be about to happen to their money.
Not implicitly guaranteed by anone except the insurance co.
this could be really bad. imo
interesting — one chain is requesting customers limit purchases of gas to 10 gallons:
http://www.sun-sentinel.com/news/weather/hurricane/sfl-0912gas-limit,0,7117360.story
“Going to zero is limited, whereas the top isnāt.”
Puhlease – keep the BULL shit to yourself.
Fly do you still have a position with SKF? Just curious…
The wheels on the (short) bus go ’round and ’round, the wheels on the (short) bus go ’round and ’round… all through the town…
sniper6, I think the tires on your (short) bus are a little low. You should get it checked out….
That AIG thing reminds me those old Equitable Life Insurance GIC contracts that went down the shitter in the eighties (or maybe it was early nineties?)
That was pretty shitty news for the blue hair set.
yeh, they’re low. Flat, as a matter of fact. And that newfangled square wheel design ain’t helping either!