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
23,443 Blog Posts

Magic Dust Rally

I made my bed; but I will not lay in it. I’ll just stand around it and admire its perfect symmetry.

I have zero interest in the moonstruck intra-day fluctuations of the market. I am not a day trader; but it’s worth noting, I could do it if I wanted.

Again, the world is ending, until it doesn’t. You can fuck around with short sales, amidst epic valuations, or you can man up and think clearly.

Don’t believe for one second we are going lower. Tell those naysayers “Dear Sir, fuck you and your Mother.” If you close your eyes real tight, all of  your wishes will come true, sort of like fairy tales with dragons and magic dust and shit.

“The Fly” is leaving, victorious once again.

In my truancy, be sure to be cordial to one another and NEVER click on my ads. I could get in trouble for that.

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37 comments

  1. Dinosaur Trader

    This volume sucks. If this was “THE” rally, you’d expect better volume.

    But maybe if we don’t pull back (we haven’t really yet) you’ll get some panic buying into the close.

    -DT

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  2. Paulson

    “Everything is fine, Buy the banks, or you’re dead”

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  3. ZenProfit

    Art Cashin will not be happy with today’s activity.

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  4. The Fly

    DT:

    WRONG

    The real volume is hidden under filthy mattresses. They store some of those mattresses at Denino’s, by the way.

    Proceed.

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  5. Hank Paulson

    We are taking bold actions on the liquidity front that are the right policies.

    It is the policy of the Federal Government, the Treasury, the Fed and the FDIC to make you rich.

    How do I sound so far?

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  6. Mushroomz

    This looks like a suckers rally. Real relief, I am afraid, will not come until a day or two before Options Expiration.

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  7. Joey-Bag-O-Whoppers
    Joey-Bag-O-Whoppers

    Mr. Hank,
    Can I get some cheeze with that?

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  8. pizza guy

    wow the fly is pissed off

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  9. Hank Paulson

    Shut up mushroomz.

    Don’t anybody listen to that toadstool.

    Buy my…, er the banks, if you know what’s ood for you.

    Extra cheese developing……

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  10. Lyarliar Pantzonfire
    Lyarliar Pantzonfire

    Oh, this is real, my friends. This is the real thing.

    Thanks, Hank!

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  11. Mushroomz

    No one is going to want to own anything this weekend. Monday will once again for the 5th straight week suck harry balls. Then we will rally hard in to OP X like in September. Many company’s still need to slash estimates.

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  12. Big MIke

    Made your bed? More like dug your own grave…

    You know, I have no problem with flip-flopping…as long its on the right side.

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  13. Merlin

    POOF!

    I approve of this rally.

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  14. earnings

    you may think stocks are cheap relative to earnings, but wait until everyone misses, and lowers guidence, and can’t make payroll.
    Plus, it’s not like earnings matters when there’s comunism and corruption, price fixing and fraud, and false government enron like data.
    the bulls will win for now, but best be very quick on the way out. I’m staying cash

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  15. Mother Market

    I’m listening to Hank “Uhm ahh uhm ah err” Paulson and falling asleep. See you tomorrow.

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  16. Hank Paulson

    Earnings expectations are already low. In fact, I’m calling on all analysts to project that every company in America will lose money this quarter.

    Now it’s a tinsy weensy hurdle to exceed expectations, so there.

    Look you, I am here to fix things. I am here to make things better. You all will be rich soon.

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  17. Hank Paulson

    I never like you, mother.

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  18. Ed Hoaxlee the "ref"
    Ed Hoaxlee the "ref"

    The ruling on the field, is that although Paulson and Ben did not have control of the markets, they still were able to recover, and be on the ball before the bell.

    However, the stock market held the bulls in the grasp until now, but since the SEC was the 12th man on field, we will resume from current levels, repeat Dow 9500.

    All evidence of either a rally is inconclusive.

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  19. Uncle Moneybags

    Come, have some monies… yhou will all be rich with monopoly money paper because Paulson said so.

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  20. TraderCaddy

    Art Cashin for Treasury Sect’y.

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  21. Hank Paulson

    He can have this job. Really.

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  22. the Bear

    Where’s your ripping fucking market now Fly?????

    Hmmmmmmm?

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  23. boca

    churn, baby, churn

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  24. Early to the Party
    Early to the Party

    Rally’s postponed to tomorrow

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  25. the Bull

    wwwhat’s a rally?

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  26. Come back Mr. Fly, you need to average down again…

    j/k, short term bottom is very close.

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  27. TraderCaddy

    Fool me once shame on you fool me twice shame on me.
    Gomer Pyle circa 1963.

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  28. tardo

    I’m all in

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  29. Mel Bernstein (Scarface)
    Mel Bernstein (Scarface)

    “It’s your tree, Frank. You’re sittin’ in it.”

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  30. Karl Marx

    One beard to rule them all…

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  31. boca

    oopsie, I forgot to tell Mr. Market I’m not on birth control.

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  32. TraderCaddy

    Wait until an Obama win is factored in. Of course, there may not be many capital gains left to sell to avoid his higher tax but hey what the hey.

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  33. alphadawgg

    lol @ boca

    I’m not laughing at the rest of the shit that transpired today.

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  34. nik

    what a sell off!
    fuck you fly!
    theere is no bottom yet!

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  35. Aris

    if there weren’t so many funds desperate for cash, we’d probably have had a nice rally today.

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  36. gank

    wasn’t there something about the rediculous fertilizer rally that you said something like when things keep going up, you don’t try to understand the, you just hop on what’s working and be quick about it?
    Shouldn’t you take the same view on the way down with these falling markets?

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