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
23,419 Blog Posts

Japan Going Samurai on Bears in Early Trade

Quite egregious, if you ask me.

In other news, “The Fly” has a special message for you third tier fuckers.

[youtube:http://www.youtube.com/watch?v=3f4X1Pa2NCk 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter

82 comments

  1. Sia

    only 100% more till its back to last year levels! Just like us.

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

    If I see another day of 10% gains on the indexes this week, I’ll sell out of all my longs.

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

    Where is the video that shows you biting Bernanke’s ear off?

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

    lol @ Sia.

    Sia, you still trading RSI2?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Dinosaur Trader

    Yeah? A special message? What’s it gonna be this time?

    I gotta say, these threats are starting to fizzle out… I mean, my house hasn’t melted, nor has my blog, my mustache is just as fancy as ever and I’m still not attracted to Romanian Goats despite your entreaties for me to “go and fuck one.”

    I’m not afraid.

    -DT

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

    DT:

    When you went to Deninos, you inadvertently swallowed an RFID chip.

    Don’t make me turn it off.

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

    lol @ DT.
    Fight the power!

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

    Fly, had a question about your TBT plans. You really link the price on the long bond is going to deteriorate that much? It’s hanging out at 4.29% as of today.

    PST is the 7-10 year Lehman Index Ultrashort, give it a look.

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

    think even

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Dr. Incognito

    Here is another great one:

    I just want to conquer people and their souls.

    I could feel his muscle tissues collapse under my force. It’s ludicrous these mortals even attempt to enter my realm.

    Mike Tyson

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Ignore losses

    Ignore losses Says:

    Ignore all ur losses and u win like the Fly.

    How delusional 3rd tier bloggers can get….

    Go read TBP this site is truly 3rd tier

    Not ever gonna visit this site again…

    Jim Cramer > Fly
    At least we know Jim cramer is an entertainer while fly pretends to be a stock god ….who ignore his losses

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

    I like the longer term notes better.

    Ignore losses:

    You’re just jealous that you have no gains to pay attention to.

    Fucking loser.

    If you want a friend, go make out with your dog.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Ed

    Fly,
    Do we see 11000 before 8000?

    long NOV, ETFC, UBS in an egregious way.

    Also, any thoughts on VLO?
    Thanks kind sir.

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

    ED:

    No way of knowing that as of now.

    VLO is cheap, but gay.

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

    Fly where have all of these trolls come from that are in the comments section now? Its like fucking idiots just make up names and shit and start posting like a gay Yahoo internet board.

    You fuckers just come out of the closet this weekend or what? Cum guzzling waterheads.

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

    “Ignore losses”…you find that yelping baboon more entertaining than The Fly’s daily/running commentary on the market?
    a) You’re not jealous, you’re retarded.
    b) Why would you read this site then?

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

    Ignore IQ:

    Fly puts up his trades. What else do you want his bank account details.

    Show us one loss fly has “ignored”.

    He told his illiterate audience (me excluded of course) that he was going long on Friday well within time before the market closed. What else do you want the kid to do?

    Fuck off if you can’t prove it.

    I like Fly. he reminds me of myself when I was a 32 year old kid. Of course he wasn’t a better trader than I was, but that’s another story.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. gappingandyapping

    One more thing I can’t let that post go without a big shout out to the greatest of all time. Its too bad we can’t see Iron Mike fighting today, truly a great and what true brawler boxing used to be. Now its just a bunch of pussy lightweights who rarely fight. Yes fuck you Floyd, you would never step to Iron Mike in the day.

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

    Fly – Can I take out an insurance policy against you ? If something were to happen to you my trading performance would suffer.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Ignore losses

    On the 8th Oct

    “TED spreads easing. The Fed and Co. are on the ball. Fear for God and Country is rampant in the American psyche.

    This is perfect.

    Originally, I was going to get all flaky on you pikers and go small. I changed my mind.

    I am buying buckets of The Mosaic Company (MOS: 44.21 +21.46%) , (DIG: 38.16 +36.29%) , National-Oilwell Varco, Inc. (NOV: 29.14 +24.42%) , (UYG: 10.90 +14.98%) and Apple Inc. (AAPL: 110.26 +13.90%) .

    However, I will not put both balls on the line today, just one.

    I will keep my cash position at 30%, until I run across more celestial buys.”

    With 70% equity, do you know how much more the SPX dropped on the 8th, 9th and 10th from 1000 to 850…15% drop anyone with a big stop loss would have been shaken out as well INCURRING LOSSES.
    Obviously markets were severely oversold, if i call a bottom every 2 – 3 days , i will eventually “WIN ALWAYS”

    Rmb the call for agri and coal stocks due to hyperinflation worries of the 700b billout
    LOL how wrong can that call go

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Ignore losses

    I dont base trades on the FLY’s random recommendation. If i do i will need a trillion dollar to lose and cause hyperinflation. GO read TBP and get his newsletter. Barry is pro.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Mike Tyson

    I want to eat your children

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Paradigm Shift

    I’m almost bored with the long side trade already but my gut says this one will run for a while.

    After a 900 point day, anything less will just seem like sideways action.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. Paradigm Shift

    Whats with all the haters?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. scum bucket

    better get a bucket, i think i’m gonna be sick.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. j

    I dont base trades on the FLY’s random recommendation. If i do i will need a trillion dollar to lose and cause hyperinflation. GO read TBP and get his newsletter. Barry is pro.

    And he never suggests you do. In fact he advises against it when he posts his trades.

    However that’s hardly the point, you’ve said he lies about his losses: that he ignores them. Ok, so prove he does.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. Holy Shit

    The Nikkei is truly ripping the tits and elbows off the bears.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Mike Tyson

    I wish you had children so I could kick them in the fucking head or stomp their little testicles, so you could feel the pain that I go through wakin up every day…
    I want to eat your children and give them up to allah akbar bitches
    Lenux Lewis(th)… I’m comin for you. I’m a eat your fucking heart out.
    You’re not man enough to fuck with me, you can’t last 2 minutes in my world, bitch.
    You’re a little white pussy, I’ll fuck you till you love me, faggot!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. Buster Douglas

    fuck you tyson, you’re dead

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. BuyOnTheDip.com

    ass hole dip buyers win!

    hey look , we made a video too 🙂

    congrats on an amazing year FLY!!!

    p.s. LEH was still the best play of the year! … with the tasty combination of time travel and fortune cookies, you can’t lose!

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

    http://teslawasright.blogspot.com/

    *you fuckers better get ready for a 50% currency decrease

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. Evander Holyfied

    You had Allah on your side when you fought me,
    I had God on my side when I defeated you.
    Fly is God
    Therefore

    Fly > Allah

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. tyson

    everyone has a plan until they get punched in the mouth

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. Donny

    Half you fuckers were talking about China taking over the world as Dino Shit was gonna reach $200. Potash $300 … LOL … Remember that shit fuckers?

    Well, you’re likely wrong again now. This fucked up stock market had a nice pop today … but you fuckers are all confident and shit. Don’t be because it can rip your fucking scrotum off.

    Set you stops, and for gawd sake, don’t bet the farm in either direction.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. tyson

    holyfield shut your mouth, bitch…
    if you’re god, then I got god’s ear, in the rematch, bitch

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. charlie

    That’s right, bet the loan you took out for the farm.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. flosell adams

    1) oil is not composed of old dead dinosaurs. 2) why in the fuck does this ‘donny’ wannabe get any respect around here? his posts look a lot like a little brother trying to emulate big bro.

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

    Funny how Ignore Losses ignores when I allocated the remainder of my cash, into the market, at the lows on Friday.

    Odd, no?

    Man Up
    by The Fly on October 10th, 2008 at 9:45 am

    I’m buying into this pigsty.

    Fuck this. I am buying (UYG: 10.90 +14.98%) , General Electric Company (GE: 21.00 -2.33%) , The Mosaic Company (MOS: 44.21 +21.46%) , National-Oilwell Varco, Inc. (NOV: 29.14 +24.42%) and (ROM: 33.50 +24.07%) .

    I am cleaning out my cash reserves and going 100% long.

    A great man once said: “no balls, no babies.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. Bad News Bears

    Thats funny charlie

    I think one day waaaay to the upside has done a lot for confidence here.

    Ever heard of a dead cat bounce??

    I agree a correction is needed because we are we below the moving averages, but seriously, last week it was what the post-apocaliptic gang name will be and now your all rich???

    Temper your enthusiam a bit…. but yes bet with the loan you took out on the farm. The banks will be taken care of either way… as for you fuckers.. your on your own….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. Fly why on earth

    would you ever feel you need to respond to that homo.
    don’t even waste your time..

    good day for the bulls, hell, looks like even TASR had a good day, don’t ask me how i know

    whoever was on KO on Fri.. nice.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. Bazily

    Fly, any chance you can buzz me on my pager that I keep in my fanny pack when it’s time to go “all in” with my $3255.89 IRA that Jim-Bag-O-Fake-Clip-On-Ties at the H&R Block setup for me? Also, can you get your website to play sounds like Cramer does with those buttons?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  42. Bad News Bears

    anyone see fast money pop or drop segment??

    Pop: Prostitution

    Looked like ole boy in the middle Dylan was caught with an inside joke being thrown out there….. That was an akward expression he had on his face

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  43. j

    Fly

    Responding to Ignore in justifying yourself is a very very gay thing to do especially when abuse will suffice.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  44. Mike Hunt

    You’re all gay – fuck you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  45. Mike Hunt

    My nigga barrack will rip some new bull assholes with mack daddy cap gains – your moustaches will fall limp and lifeless – just like Donny’s manhood – wait n see……….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  46. Needle dick the bug fucker

    Its 2am I cant sleep, let me pick my boils.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  47. Juice

    “Cramer’s ‘Mad Money’ Recap: Don’t Trust This Rally ”

    enuf said?

    we’ll take a break shortly, probably today, but the rally ain’t done

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  48. j

    Cramer is seriously fucked up here. How the hell does he get away with it, i don’t know.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  49. The Contractor

    Trump needs to take off the tinfoil hat regarding oil.

    Yeah sure, low rates are great for your real estate business but sucks shit for energy prices. You can’t have your cake and eat it too.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  50. The Game is Rigged
    The Game is Rigged

    Sell the news here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  51. ProTrader

    For what its worth. Hedge funds are selling into rally. Some are planning to stay in 70% cash for as long as 1 year.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  52. These Colors Don't Run
    These Colors Don't Run

    How can the hedge funds be selling this rally when they were all liquidated last week by forced margin calls?

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

    Fly – Are you holding your longs through today?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  54. JakeGint

    Hedge funds need to stay in cash because they are getting redemption calls every day.

    The reason for this is most hedge funds suck balls.

    Fuck, Bill Miller has had his balls tasered to raisins this year, and we’re supposed to lay down in front of the shitty hedgies?

    Fuck them.

    As Fleetwood Mac was wont to say, en masse and in chorus:

    “You can go your own way.”

    _

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  55. JakeGint

    Step inta mah ring, bitches!

    Ding! Ding! Bitches!

    LOL. You shouldn’t have cut off the rest of that.

    Hilarity.

    _____

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  56. j

    Hedgies ay have had their but this becomes a problem for the market. If they aren’t buying, who will? Real money are getting redemptions too.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  57. j

    Ummm

    Hedgies my have had their day…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  58. JakeGint

    Lot of large commercials on the sidelines are buying… did we have over 7 billion shares traded on the NYSE alone yesterday?

    That’s a fekkin’ tsunami.

    _____

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  59. chivasontherocks

    Jake, hedge funds do not get redemption calls daily, only quarterly or yearly unlike mutual funds like bill miller. the hedgies have already sold in anticipation of future redemptions. they have high cash levels because they are bearish.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  60. chivasontherocks

    raising around 20% cash into this opening.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  61. JakeGint

    they have high cash levels because they are bearish.

    Good!

    _____

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  62. JakeGint

    Here comes stealthy stealthy gold!

    ___

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  63. JakeGint

    You lightening on your TSO here, Chivas?

    ________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  64. chivasontherocks

    no way. mostly finanncials.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  65. Awake

    UYG tearing faces off

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  66. JakeGint

    FWIW — next long term Signor Fibonacci line (61.8% of 2002-2007 bull) is @ 1077.

    ________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  67. CAP

    Sold my UYG Oct$12 calls for $1.10. Picked up for 0.50 yesterday.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  68. Cajun

    Jake,

    if you could pick one gold stock which one would it be?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  69. NoFlyZone

    Where is the Fly this morning??? I guess he is waiting for the market to open before he makes his predictions on the market open?

    C’mon Fly…get on ths stick. We want direction before market unfolds…ala Fly Time Machine…

    NFZ

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  70. 4fl3x

    A good healthy correction was needed, this is good news for the bulls.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  71. ProTrader

    Sold open may do some inverse ETF’s. Every jack ass is buying this rally.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  72. IShortYouNot

    POOF

    Your rally is gone

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  73. Market Fool

    Gap filled

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  74. Donny

    The TED Spread is 426 bps. That’s 14.2 times the average. Unless that goes down, this market will go back down.

    Bank on it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  75. Yogi & Boo Boo

    MF – I was thinking the same thing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  76. Mark Fool

    How about if I bank coin on it?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  77. Juice

    fwiw – Fly’s not-really nemesis, Tim Slope of Hope (http://www.slopeofhope.com/ , went 100% short this am. He has owned this bear market.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  78. Juice

    Todd Harrison

    09:15:07 AM

    position in wft

    Be the Ball and See the Ball!
    So, what’s gnu?

    I’ve gotta tell ya, I’ve been trading for seventeen–or is it eighteen?–years and I’ve seen my fair share of despair.

    I waffled through the Orange County crisis in 1994, which was the largest municipal bankruptcy in U.S. history (they lost $1.6 billion in derivatives trading. Pishaw! Peanuts! Acorns, in today’s world!).

    I waded through the Long-Term Capital Management collapse, the Thai Baht Contagion, the Russian rubble mess, the Y2K scare, the dot.com bubble, the tech crash, September 11th, the housing bubble, China bubble, crude bubble and now, the granddaddy of them all, the debt bubble laced with a derivative bubble in the midst of a hedge fund bubble layered with a consumption bubble.

    (Pause for digestion.)

    So, what’s my current take? Put a water pistol to my keppe and I’ll offer that we’ve seen the 2008 trading low. That’s NOT to be confused with a market bottom–nobody is bigger than the market and there are two true solutions–time and price–on the way to the ultimate destination of debt destruction. That may, however, be pushed out to 2009, or at least that’s my real-time take.

    There are obvious caveats to that view—namely social mood and risk appetites–but the conditional elements are seemingly in place. The government has socialized the market(they can’t cure the disease but they can mask the symptoms), individuals have cashed out (helped by certain screaming pundits), hedge funds are woefully under-invested and the potential for a mad scramble for performance anxiety exists into year-end.

    I will be VERY clear on this. I am a red blooded, card carrying free-market advocate. I weep for the former capital construct and fear the implications for future generations. This is the hand we’ve been dealt, however, and the onus is on us to adapt to the market. Time is the arbiter of all fate and our unavoidable destination pales in comparison to the path that we take to get there.

    As Minyans know, I adopted a more constructive trading posture last week into the heat of the downside meat. I was early and it felt wrong but I traded around my core exposure–buying dips and selling blips–and carried most of my exposure into yesterday’s eye-popper. I sold most (not all) of my remaining inventory into the bell and given the 20% rally from Friday’s low to yesterday’s close, I will not look back. Profitability resides in the ride ahead.

    I’m not going to chase the opening, which may prove wrong but opportunities are made up easier than losses. I plan to make sales, effectively flattening out the trading side of my book, and will then watch (what I perceive to be) the inevitable probe lower for truth and tenor. In short, I’m gonna pound my glove like Graig Nettles and operate with an open-mind and two-sided approach. Real risk remains–possibly on the geopolitical front–so the management of risk is paramount.

    Potential vehicles include energy (Weatherford (WFT), Transocean (RIG), Schlumberger (SLB), BHP Billiton (BHP), USO, FXY (Japanese Yen), QLD (at the right price but note that the NDX isn’t acting as well as it should pre-opening, so S’s over N’s is possible, as are red Q’s) and the EEM.

    Where you stand is a function of where you sit so please understand that none of this is advice–not to mention that it may be entirely wrong. Time will tell and we will see, together as always, as Minyans.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  79. 4fl3x

    Tim went short yesterday also… Tim will be short this market all the way up to SPX 1300.

    The Fly is God.

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