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
23,417 Blog Posts

Get Ready For Something Big

“The Fly” has frozen his funds, like some sort of twisted Sub Zero fatality move (that one goes out to you Mortal Kombat lovers). There is nothing that will draw me back into the market, both long or short, barring a fucking giant asteroid crashing into the Hoover dam. I am too busy planning obnoxious shopping sprees, than to fuck around with the Dow.

Please, if you want to go trade into this mess, wear a bib. You’ll be drooling over yourself, like an indolent idiot, in no time at all.

Believe me, I am tempted to buy more National-Oilwell Varco, Inc. [[NOV]] and The Mosaic Company [[MOS]] , but I cannot allow myself to do that, while the market is totally ignoring fundamentals. Essentially, stocks will stop going lower, when people stop selling. It may sound too simplistic, but it’s the words of a stock God.

On the other hand, the short side is completely out of bounds for me. There is a lot of shady shit going on, with all of the central banks trying to save the world and all. My money is better off on the sidelines, waiting for an opportunity to buy the blood.

If you must buy something, because you are addled with ADD, get long some [[TBT]] , which gets you short treasuries, with 200% leverage. Eventually yields have to rise. All of this flight to quality shit is a bubble, similar to ag, oil, dot coms and ‘globa growth plays,’ circa 99-2006.

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43 comments

  1. Donny

    My gains today are starting to look awfully egregious. Fucking Sick! Steak and vintage Cab tonight.

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  2. The Fly

    what are you short?

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  3. Donny

    SMN, DUG and SDS

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  4. Woodshedder

    mbt

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  5. The Game is Rigged
    The Game is Rigged

    Shit is trading as if it is all out of business. Maybe we see 5000 bankrupcies by Jan.

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  6. DPeezy

    That’s what she said!
    (Re: post title)

    _____________

    from briefing.com: “The recent downturn has been broad-based and there does not appear to be a specific catalyst for the decline.”

    Perfect.

    We’re dining on cereal tonight! How the hell am I gonna afford the PPT now??

    Time to go round up the crew and start runnin some bitches and hos.

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  7. DPeezy

    Upon further review, ‘that’s what she said’ doesn’t really work with the post title; this further adds to my day’s misery.

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  8. invictus

    The quad Q’s are trading at the 38.2 fib line from the friday low to the tues high…

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  9. Darius

    Starting the gang tomorow. We will spread carnage!

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  10. punyandy

    I’ll pay round trip shipping for all of you chartists, so you can send me your charts and I can wipe my ass with them.

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  11. Mark Haines is a fat slob
    Mark Haines is a fat slob

    I just can’t buy your TBT trade. When the world economy crashes, everyone will be parked in -99.9% Treasuries. Where’s the inflation in that?

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  12. the Bear

    LET It BURN!!!

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  13. Dinosaur Trader

    I am teh suck.

    -DT

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  14. Itchy and Scratchy
    Itchy and Scratchy

    100% short. Dow 10K thesis was so yesterday.

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  15. Itchy and Scratchy
    Itchy and Scratchy

    This is a very sick tape gentlemen.

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  16. charlie

    picked up 1000 shares of FXP

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  17. These Colors Don't Run
    These Colors Don't Run

    How would you feel if you were long the Nikkei and watching this action?

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  18. Bad News Bears

    So does this mean the end of the world is back on??

    We still get to start the gang??

    Just two days ago the sun was shining… Did you really think we were not going to retest the lows??

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  19. charlie

    FXP will go higher, and may get frog marched back to 200

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  20. BOOMER

    long 500 AAPL at 100.5

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  21. The Fly

    If you are short,you need to remember Monday. Quit being greedy and cover.

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  22. Darius

    DOW to 7000 by the weekend!

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  23. Bad News Bears

    Is anyone elses internet explorer just acting really strange??

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  24. wtf?

    bought aapl sold 100.60 oct 100’s for 4.50

    expires in 2 days

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  25. wtf?

    correction. bought 1000 aapl 100.60

    sold 10 oct 100 calls for 4.50

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  26. Garr

    Fly where the FUCK is your buy 10,000 FXP post today? You know you want to post the panda pic.

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  27. Itchy and Scratchy
    Itchy and Scratchy

    Hey Bad News Bears:

    It’s called Armageddon. Don’t forget to capitalize it.

    Sun shining? That was so Monday.

    Retest? I think you have to pause at the lows to have a “retest”. To the surprise of chart-chompers, we may plunge right through.

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  28. jig

    i think market heads lower after beige book shit comes out..

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  29. Itchy and Scratchy
    Itchy and Scratchy

    Cover. Yes. Soon.

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  30. Donny

    FLY … JMHO

    The move on Monday was due to oversold conditions and the gov’t bailout. Now all that shit is off the table. The market has absorbed all the action from Monday, and is now prepared to make new lows.

    SMN to 100.

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  31. charlie

    This isn’t greedy Fly. Take the FXP express to DOW 8000, hop off, and go out for robster.

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  32. Kiwin

    FINISH HIM!

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  33. Ozark Hillbilly

    Yes, new lows on the way, the 5th wave if you will. I am not nearly as short as I was last week, but oh well, I am also getting a shopping list ready.

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  34. Cramer

    You fuckers thought I was joking yesterday, didn’t you. I was only wrong about the time, not wrong about the outcome. DOW 4,700!

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  35. Itchy and Scratchy
    Itchy and Scratchy

    Donny – I think you hit the nail on the head.

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  36. The market does not mind kicking you so kick back whenever possible – it has nothing to do with greed – it’s about kicking.

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  37. Needle dick the bug fucker

    whats the ETF short on Japan. ?

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  38. Ray Ray

    I buy 1000 shs PL @ 14…Pikers

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  39. catastrophe

    PL is down to almost $13 in just a few minutes.. yikes

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  40. JakeGint

    That $RUT gap is filled… you can resume upward motion now*

    _____________

    (* One caveat– there’s another (smaller) gap at 491.50. shit.)

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  41. Donny is the man – the Donmeister – the Donnymon – will he sell at 3 pm?

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  42. Needle dick the bug fucker

    The elephants are stampeding the exit.

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  43. nncoco

    Twitter is the stupidest fucking thing I have ever seen. I am addicted of course.

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